IndusInd Bank Two-Wheeler Loan

How to Apply for an IndusInd Bank Two-Wheeler Loan?

The process to apply for an IndusInd Bank two-wheeler loan is mentioned below:

1. Visit IndusInd Bank official website. 

1. Click on 'Apply Now'. 
2. Enter your name, mobile number, alternate number, email address, and pin code. 
3. Click on 'Generate OTP'. 
4. Enter the OTP. 
5. Click on 'Submit'. 

1. An IndusInd Bank executive will call you to process the request. 

Features and Benefits

The main features and benefits of the two-wheeler loan offered by IndusInd Bank are mentioned below:

1. The bank offers bike loans at an attractive interest rate.
2. The repayment tenure ranges between 12 months and 36 months for regular two-wheelers.
3. The bank offers quick loan processing and easy documentation.
4. The loan processing time is around four hours.
5. The bank offers up to 95% on road finance.

IndusInd Bank Two-Wheeler Loan Eligibility

Salaried Employees

1. Individuals between the ages of 21 years and 60 years can avail the loan.
2. Individuals should have a stable current employment.
3. Individuals should have a minimum salary of Rs.10,000 per month.

Self-Employed Individuals

1. Individuals between the ages of 21 years and 65 years can avail the loan.
2. Individuals must have business experience of at least 3 years.
3. Individuals should provide Income Tax Returns (ITR) for the last 2 years.

Documents Required

The list of documents that must be submitted are mentioned below:

Salaried Employees

1. Application form
2. Passport-size photographs
3. Proof of identity
4. Proof of address
5. Income proof such as Income Tax Returns (ITR), Form 16, or last three months' salary slips.
6. Bank statement

Self-Employed Individuals

1. Application form
2. Passport-size photographs
3. Proof of identity
4. Proof of address
5. Bank statement
6. ITR
7. Repayment track
8. Owned residence proof

IndusInd Bank Two-Wheeler Loan EMI Calculator

You can use the two-wheeler loan EMI calculator offered by IndusInd Bank or BankBazaar to check the monthly payments. Once details such as the loan amount, tenure, and rate of interest are entered, click on 'Calculate Now' to get the results.

Apart from the monthly payments, the principal amount, interest that is paid, and the total amount will be displayed. The calculator is easy to use and saves time when compared to manual calculations.

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