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Features & Benefits

It could be that you are postponing your wish to own a two wheeler for quite sometime now. With a loan from IndusInd Bank, you're assured the best deal possible.

  • Avail of easy payment options
  • Direct debit from Indusind Savings/ Current Account or post-dated cheques

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

How to Apply

You can apply for a Two-Wheeler Loan online. Click on the Apply Now button on this page, fill in your details and submit it. We will get back to you for further process. Alternately, you can visit a branch and submit the Loan application form.

Documentation

  • 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 and 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 and 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):

  • Your entire 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 tenure 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
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  • SAVINGS RATES

  • Daily balance upto 1 lac 5.5 %
  • Daily balance above 1 lac 6 %
  • DEPOSIT RATES

  • 1 year to below 1 years 2 months 9.25 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1 lac) 8.75 %
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