Introduction
Why wait to own your two-wheeler? With loans up to ₹4,00,000 and flexible tenures,
KreditBee makes your dreams come true effortlessly.
Get your dream two-wheeler now with minimal paperwork and hassle-free financing
options. Your perfect ride is closer than ever!
Loan Details
- Loan Amount: Up to ₹4,00,000
- Tenure: Up to 48 months
- Serviceable Region: Bangalore
Features and Benefits of Two-Wheeler with KreditBee
The best features for a smooth credit experience
Quick Loan Disbursal
Quick disbursal of two-wheeler loan to provide speedy delivery of the vehicle.
Hassle-free Documentation
Experience a streamlined application process with hassle-free documentation.
Loans ranging from ₹10,000 to ₹4 Lakh
Choose a loan amount that aligns with your two-wheeler needs.
Available 24x7
Apply for a loan anytime, anywhere, at your convenience.
Interest Rates of up to 23%
Enjoy competitive business loan interest rates tailored to your profile and loan amount.
Flexible Repayment Tenures of up to 48 months
Select a repayment tenure that matches your cash flow and business cycle.
Competitive Processing Fee
Enjoy processing fees tailored to your profile and loan amount.
Two-Wheeler Loan Eligibility Criteria and Documentation
To apply for a Two-Wheeler Loan, you must meet the following criteria:
Features
- Loan amount up to 10 Lakhs
- Attractive Interest Rates ranging from 10% to 30% per annum
- Flexible Tenure ranging from 6 months to 60 months
- Processing fee up to 5.5% + GST
- Loan amount based on the vehicle pricing received from the vehicle dealership
- Secured against hypothecated vehicle
Eligibility Criteria
- Indian Citizen
- Age above 21 years
- Minimum monthly household income of ₹25,000
- Minimum monthly personal income of ₹10,000
- Possess Government approved Valid Identity Proof & Address Proof
- Aadhaar-linked mobile number
Documents Required
- Photograph
- PAN
- Address Proof (Permanent & Current Address)
- Income Proof (Bank Statements reflecting Monthly Income)
- Vehicle invoice (provided by dealer)
- Downpayment receipt (provided by dealer)
- Insurance Papers (provided by dealer)
- RTO Details paper (signed by customer)
Other Fee & Charges
- Foreclosure charges
- Foreclosure charges of 4% of principal outstanding* + GST will be charged in case Foreclosure is opted
- Part-Prepayment Charges
- Part Prepayment Charges of 4% of principal prepaid* + GST will be charged in case Part-Prepayment is opted
- Penal Charges
- 1. EMI bounce charge (1st day): 4% of principal overdue* or 500, whichever is lower
- 2. Penal charges for 2-180 days: 36% per annum on principal overdue (+ GST if applicable on penal charges)
- Other Charges
- Maximum amount of up to 32754 + GST will be charged
- PDD Charges
- Maximum amount of up to 3466+ GST will be charged
- *round to the nearest rupee
Application Requirements
- Mobile Number
- First & Last name
- Date of Birth
- Gender
- PAN
- Employment Type
- Monthly Income
- Address Proof
- PAN Photo
- Selfie
- Permanent Address
- Current Address
- Education
- Profession
- Marital Status
- Father/Mother/Spouse Name
- Reference Contact
- Co-Applicant Details
- Religion
- Income proof (for both salaried & business owners)
- Optional employment proof for salaried applicants
- Optional business ownership proof for business applicants
- Vehicle Brand, Model & On-Road Price
- Dealer Name & Details
- Dealer Disbursement Bank Account
- Downpayment Amount
- eNACH/UPI e-mandate
- Vehicle invoice (provided by dealer)
- Downpayment receipt (provided by dealer)
- Insurance Papers (provided by dealer)
- RTO Details paper (signed by customer)
How to Apply for a Two-Wheeler Loan Online on KreditBee?
Follow these simple steps to apply for a Two-Wheeler loan on KreditBee and get the funds you need to fuel your dreams:
Purpose and Uses of Two-Wheeler Loans
Empowering you to fulfil your two-wheeler dreams effortlessly with KreditBee!
Frequently Asked Questions
1. Who can apply for a Two-Wheeler Loan?
2. What is the maximum loan amount?
3. How long is the loan tenure?
4. What documents are required to apply?
5. What are the interest rates and fees?
6. How can I apply for the loan?
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