Indusind Bank Two wheeler loan – Interest Rates, EMI calculator
Quick and easy Two wheelers loan from Indusind Bank. Get Information on Documents requirement, Eligibility, Fees & charges charged by bank.
Features & Benefits
Easy Payment option
Direct debit from Indusind Savings/ Current Account or Post dated cheques
Interest Rates indusind Bank Two wheeler loan starts from 21.00% p.a.
Eligibility
Salaried Individual (SI):
You should be employed for a minimum of 3 years and with the current employer for a minimum period of 1 year.
Your minimum gross salary should be Rs.8,000/- per month
Your net monthly take-home salary should be at least 3 times of the monthly installment.
You should be within 60 years of age.
You should be residing at the current address for a minimum of 2 years.
Self Employed Professional/ Non-Professional (SEP/SENP):
You should be in business for a minimum of 3 years and in current business for a minimum period of 2 years.
Your minimum profit should be Rs.1,00,000/- p.a.
You should be within 60 years of age.
Your current place of residence should be occupied for a minimum of 2 years.
Indusind Bank Two wheeler loan EMI Calculator:
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Documentation Required for two wheeler loan
Age proof
Identity Proof.
Proof of Residence.
Salary slips for the last 3 months (SI) / copies of Income Tax Return and computation of Income for the last 2 years as filed (SEP/SENP) and Balance Sheet & Profit and Loss accounts duly audited.
Form 16 for latest year
Proof of two years of employment.
Last 6 months’ bank statement of the salary credit account along with all/any other bank accounts held (SI) / of primary bank account (SEP/SENP).
Proof of Business (SEP/SENP).
Telephone bill of office & residence .
Application Form duly filled / recent passport size photograph affixed
Any other relevant documentation that would be sought by the Bank depending upon your specific profile
COMMON NORMS (SI/SEP/SENP):
All your existing loan and other fixed commitments would be considered in arriving at the eligibility.
your Bank Account track record and CIBIL data should be good.
Your credentials would be verified with references given and independently by doing verification at your residence and place of work / business.
Minimum Loan amount: Rs 20,000.
Minimum Tenor: 11 months and maximum tenor 36 months.
Loan to Value(%) Up to 85% (on Ex Showroom / Basic Price; not on On-Road price), LTV Varies according to models.
Two references to be provided for both borrower and co-borrower.
