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Two Wheeler Loans

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Two Wheeler Loans

Two Wheeler loans are provided by bank helping customers own their own two wheelers.

Interest Rates – Q2 – 2024-25

Product Minimum Weighted average interest rate* Maximum
Two Wheeler Loans 24.0% 24.0% 24.0%

* Weighted average interest rate is calculated based on the disbursements done in Q2- FY 2025

Note: Interest rates offered may differ from BC to BC.

Annualized Percentage Rate (APR) – Q2 – 2024-25

Product Minimum Maximum
Two Wheeler Loans 25.04% 27.14%

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.

FD Rate FD Rate
FD Rate
Regular Fixed Deposit

up to 7.99% interest p.a

Senior Citizen

up to 8.49% interest p.a

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