Two Wheeler Loans
Two Wheeler Loans
Two Wheeler loans are provided by bank helping customers own their own two wheelers.
Interest Rates – Q1 – 2024-25
| Product | Minimum | Weighted average interest rate* | Maximum |
|---|---|---|---|
| Two Wheeler Loans | 24% | 24% | 24% |
* Weighted average interest rate is calculated based on the disbursements done in Q1- FY 2025
Note: Interest rates offered may differ from BC to BC.
Annualized Percentage Rate (APR) – Q1 – 2024-25
| Product | Minimum | Maximum |
|---|---|---|
| Two Wheeler Loans | 25.10% | 27.85% |
Current Interest Rates
| Product | Minimum | Maximum |
|---|---|---|
| Two Wheeler Loans | 24% | 24% |
*Interest rate may differ from BC to BC and basis customer category
Fees & Charges
Processing Fee - 1% of loan amount plus applicable taxes.
Credit Shield Insurance to be charged at actuals and to be paid by the customer if opted. Borrower has choice to opt for
- Availing Insurance offered by Bank through its tie-up or
- To assign his/her existing insurance policy to the satisfaction of IndusInd Bank.
Stamp duty - Stamp duty applicable as per state norms.
Fore - closure / part-payment - No charges levied
Down-payment – As applicable to model chosen and on-road price
Note : Charges may differ from BC to BC.
Eligibility
- Individuals (18-61 years).
- Have Officially Valid Documents as KYC.
- Residing within the operational area of Bank though BC.
*Customer final loan eligibility will be determined by the banks loan eligibility criteria set for the specific product.
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