Key Features and Benefits of IndusInd Bank Two-Wheeler Loan
Posted on Monday, October 4th, 2021 | By IndusInd Bank
Two-wheelers are the preferred mode of transport for thousands of Indians. And rightly so! From affordability, fuel efficiency, low maintenance to feasibility, these vehicles have numerous benefits. So, if you are planning on purchasing a shiny new bike or scooter, don’t think twice. Instead, give some thought to how you will finance the purchase.
IndusInd Bank’s two-wheeler loans are a consumer-friendly option that can help you own your desired vehicle without any hassle. Let’s dig deeper and we’ll show you some of the most compelling advantages of availing our loan.
Key Features of Two-Wheeler Loan by IndusInd Bank
Flexible Eligibility Criteria
The first factor that you need to consider is the eligibility criteria. To make sure that the applicants can repay the loan on time, every bank has a set of eligibility criteria that applicants need to meet. However, to make sure that applicants don’t need to wait for months to get a two-wheeler loan, IndusInd Bank has a flexible eligibility criteria related to age, salary and residential status. Click here to find out more about the eligibility criteria.
Transparent Process
Most of the borrowers prefer banks that have a completely transparent process to apply for a two-wheeler loan. This is why IndusInd Bank ensures that there is complete transparency about the application as well as approval process with the customers. For instance, customers can check out the schedule of charges so that you know what you are paying for. In addition, we also have an EMI calculator that enables customers to calculate how much EMI they will need to pay over a certain period of time and existing interest rates.
Benefits of IndusInd Bank’s Two-Wheeler Loan
Here’s why borrowing two-wheeler finance from IndusInd Bank is beneficial for you:
Attractive Interest Rates
IndusInd Bank offers the most competitive interest rates on two-wheeler loans across India. Thus, you don’t need to shop around and can apply for the loan without delay. With our affordable interest rates, you can repay the loan with ease and get your hands on your desired vehicle.
Flexible Repayment Tenure
Another advantage of borrowing IndusInd Bank’s two-wheeler finance is that you can choose a tenure from 12 months to 36 months for any normal two-wheeler. The tenure can go up to 60 months for a high-end or high-street vehicle. Therefore, if you have your heart set on a dream motorcycle, you can easily finance it with our flexible repayment tenure.
Quick Loan Processing
IndusInd Bank ensures that you get your new two-wheeler without any hassles. Through quick loan processing and doorstep documentation, you get a hassle-free borrowing experience. To speed up the process further, keep the required documents ready in advance. You can also choose to apply for a two-wheeler loan online and save yourself a visit to the bank branch.
Loan Offering
Last but not least, with IndusInd Bank’s two-wheeler finance, you get up to 95%* on road finance. You can keep your savings for a rainy day and ride your favourite bike without breaking the bank. After all, paying small EMIs every month is much easier than paying the full price from your pocket.
To Sum Up
As you can see, IndusInd Bank’s two-wheeler loans offer a myriad of benefits and some exciting features. In essence, we leave no stone unturned to help you purchase a vehicle you can call your own. So, why wait? Log on to our website and apply for a two-wheeler loan today!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.