Axis Bank Two Wheeler Loan, Axis Bank Two Wheeler Loan Interest Rate, Axis Bank Two Wheeler Loan Eligibility Criteria, Axis Bank Two Wheeler Loan Benefits, Axis Bank Two Wheeler Loan Apply Online.
Axis Bank is a popular Indian bank that offers a wide range of financial products and services to its customers. If you need a loan for a two-wheeler, Axis Bank has got you covered! Just fill out the online application form and Axis Bank will take care of the rest.
Axis Bank Two Wheeler Loan Highlights
| Interest Rates | 10.0% p.a. onwards |
| Loan Amount | Starting Rs. 25,001/ |
| LTV | Up to 100%* on road funding |
| Tenure | 12- 60 months |
| Processing Fee | Up to 2.5% of Loan Amount |
Axis Bank Two Wheeler Loan
Axis Bank Two wheeler loan is a short-term loan offered by Axis Bank. It is an unsecured personal loan that allows people to borrow money to purchase a two-wheeler. The interest rate on this loan is variable, and it ranges from 10.0% p.a. to 23.50% p.a. Bringing home a new bike has never been easier with Axis Bank. You can get up to 100% financing on your bike with minimal documentation and affordable monthly instalments. If you are approved for a loan with a processing fee, the loan processing fee on your loan will be 2.5% of the loan amount.
Axis Bank Two Wheeler Loan Interest Rate
Axis Bank offers a two-wheeler loan interest rate of 10.0%. This is the lowest interest rate among all the banks that offer a two-wheeler loan. The Loan tenure is for up to 60 months with an annual interest rate ranging from 10.0% p.a. to 23.50% p.a.
| 1 Yr MCLR | Spread over MCLR | Effective ROI |
|---|---|---|
| 8.00% | 10.0%-15.50% | 18.00%-23.50% |
Read Also – Union Bank Car Loan Review
Axis Bank Two Wheeler Loan calculator
We have created a simple calculator to help you figure out the interest rate and repayment amount for a two-wheeler loan from Axis Bank. Use the calculator below to input your information such as the bike’s value, APR, and term of the loan. The results will give you an idea of what you would need to pay back over time, and what the overall cost of the loan would be.
Types of Axis Bank Two Wheeler Loans
Axis bank offers a range of two-wheeler loans for people looking to buy a motorcycle. These loans come with different interest rates, terms and conditions, so it is important to read the fine print before applying for one. The main points of this loan are given below:
1. Two Wheeler Loan
Axis Bank offers a great two-wheeler loan. The interest rates are really low, and the terms are quite flexible. The main points of this loan are given below:
- Interest Rates: 10.0% p.a. onwards
- Loan Amount: Starting Rs. 25,001/-
- Tenure: Choose from 12- 48 months
- LTV: Up to 100% * on road funding
2. Super Bike Loan
Axis Bank is currently offering a Super Bike Loan that helps riders to buy a motorcycle. Following are the features of this loan:
- Interest Rates: 12% p.a. onwards
- Loan Amount: Starting Rs. 100,000/-
- Tenure: Choose from 12- 60 months
- LTV: Up to 85% on road funding
Axis Bank Two Wheeler Loan Eligibility Criteria
Axis Bank offers a two-wheeler loan to its customers. The eligibility criteria for this loan are as follows:
Eligibility Criteria For Two Wheeler Loan
| Criteria | Salaried | Self Employed |
|---|---|---|
| Age | 21 to 58 years | 21 to 65 years |
| Minimum Income | Rs. 1.44 Lakhs per year | Rs. 2.5 Lakhs per year |
| Employment Status | 1 year experience required | At least 1 year of experience in the same line of business. |
| Bank Statement | 3 months bank statement | 3 months bank statement |
Eligibility Criteria For Super Bike Loan
| Criteria | Salaried | Self Employed |
|---|---|---|
| Age | 21 to 58 years | 21 to 65 years |
| Minimum Income | Rs. 4.8 Lakhs per year | Rs. 4 Lakhs per year |
| Employment Status | 2year experience required | At least 2 years of experience in the same line of business. |
| Bank Statement | 3 months bank statement | 3 months bank statement |
Documents Required to apply for Axis Bank Two Wheeler Loan
Documents required to apply for Axis Bank two wheeler loan are:
- Passport Size photograph
- Identity proof: Aadhaar Card, Pan Card, Passport, driving licence.
- Proof of residence: Utility bills, recent electricity or water bill, bank statement dated within the last three months.
- Income proof (Salaried): Latest Salary Slip, Latest Form 16.
- Income proof (Self Employed): Latest ITR, Audited Balance Sheet/ P&L Account & ITR for the latest 1 year.
- Bank Statement: Latest 3 months Bank Statement
Axis Bank Two Wheeler Loan Features & Benefits
If you’re in need of a quick and easy way to get a loan for your two-wheeler, Axis Bank may be just what you’re looking for. They offer loans that are simple to apply for and can be approved quickly – making the process much easier than going through other traditional lenders. Here are a few of the benefits of using Axis Bank:
- fast approval process: You can usually get a decision on your loan within a few hours, which is speedy compared to other loans available online or in physical branches.
- Loan Amount: You can get up to 100% financing on your Two-Wheeler.
- Flexible tenure: The bank offers you a flexible tenor ranging from 12 to 48 months.
- No Credit Score Check: Unlike many other loans, Axis Bank doesn’t require a credit score check when you apply for a two-wheeler loan.
- You don’t need to provide any collateral: which makes this loan perfect if you don’t have much money lying around.
How to Apply for Axis Bank Two Wheeler Loan Online?
If you are looking for a two-wheeler loan to buy or lease a bike, Axis Bank may be the right bank for you. Here’s how to apply for a bike loan online:
1. Go to the Axis Bank website and sign in.
2. On the home page, click on the “Lending” tab.
3. On the “Lending” tab, under “Banking Products,” click on the “Two Wheelers” category.
4. On the “Two Wheelers” category page, select the type of bike you want to purchase or lease and click on the “Apply Now” button.
5. Fill out your personal information and submit your application.
6. You will be notified by email once your application has been processed and you will receive a loan offer in your inbox.
Axis Bank Two Wheeler loan Customer care
If you are looking for a reliable and affordable way to get a bike, Axis Bank is the bank for you. They offer loans for two-wheelers in different sizes and prices. You can also use their customer care services to help you with any questions or problems that you may have while borrowing or using your bike.
- Toll-free number: 1-860-419-5555 1-860-500-5555
Read Also – UCO Bank Gold Loan
Conclusion
If you’re looking for a way to get a motorcycle loan, Axis Bank might have just what you’re looking for. Not only do they offer competitive rates and great customer service, but they also provide flexible repayment options that can work well for you. Plus, their two-wheeler loans come with perks like roadside assistance and insurance. So why wait? Apply now!
Q. Can I get an Axis Bank Two wheeler loan without a Credit Score?
Ans. Yes, you can get an Axis Bank Two wheeler loan without a credit score. In fact, many people receive Axis Bank Two wheeler loans without a credit score. The reason why this is possible is that Axis Bank considers your income and debt history when approving or denying a loan. If you have low debt ratios and a good income, then your credit score may not be as important to Axis Bank as your ability to repay the loan.
Q. What are the costs of foreclosure?
Ans. The cost of foreclosure is 5% of the remaining loan amount.
Q. Is there any documentation charges for Axis Bank Two Wheeler Loan?
Ans. Yes, Axis bank charges Rs 750 for documentation.
