IDFC Bike Loan – Two Wheeler Loan 2024 Interest Rate, Eligibility

IDFC Bike Loan – Two Wheeler Loan 2024 Interest Rate, Eligibility: Hi friends, If your dream is to buy a bike and you are short of money then you can join IDFC Bank’s Two Wheeler Loan.

In this article, we will know in detail what is IDFC Bank Bike Loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this loan etc., so you can read this article till the end..

IDFC Two Wheeler Loan Details

bike loan Secured & Unsecured loan It is of both types. You do not have to provide any collateral or security to take an unsecured bike loan, but you have to give collateral or security to take a secured bike loan. Your for IDFC Bank Two Wheeler Loan CIBIL Score should be good. If your credit score is very good then you can take advantage of the loan with the attractive bike loan interest rate of the bank.

IDFC Bank ‘s Two Wheeler Loan both online and offline. The interest rate of IDFC First Bank Bike Loan starts from 9.99% per annum. To plan your loan, calculate your loan with the help of Two Wheeler Loan EMI Calculator which will help you to get the loan amount. With the help of IDFC Bank’s EASY-BUY EMI Card, you can easily take a bike loan.

IDFC Two Wheeler Loan Key Features

loan name	IDFC Bank Two Wheeler Loan 2023
lender	IDFC Bank
loan amount	95% of the bike price
interest rate	Starting at 9.99% p.a.
loan tenure	5 years
processing fee	4% of the total amount
Application Mode	online / offline
official website	https://www.idfcfirstbank.com/

Benefits and Features of IDFC Bank Two Wheeler Loan

• Anyone can fulfill their bike dream by joining IDFC First Bank bike loan.
• can get loan up to 95% of the cost of the bike.
• IDFC First Bank Two Wheeler loan The interest rate starts from 9.99% p.a.
• You can apply for this loan both online and offline.
• You can get this loan with IDFC Bank EASY-BUY EMI Card.
• No new KYC required.
• A new repayment order is not required.
• pre-approved loan up to Rs.6 lakh depending on their eligibility.
• You can take this loan for a loan tenure of 5 years.
• You can check your eligibility online by visiting the bank’s official website, so that you can get an idea of how many loans you can apply for.
• can pay your loan through Equated Monthly Installments ( EMIs).
• You can apply online through the bank’s mobile app or website.
• You can pre-pay your loan but partial payment is not allowed.

IDFC First Bank Bike loan Eligibility

Only those people can apply for this loan who are eligible for it. Following are the eligibility for IDFC Bank bike loan:

• Applicant must be a resident of India.
• Your CIBIL score should be good.
• Applicant’s age should be more than 21 years.
• 18 years of age or above to add a co-applicant.

IDFC 2 Wheeler Loan Rate of Interest 2023

The interest rate of this bike loan starts from 9.99% p.a. which may vary according to your loan amount. The interest rate of IDFC Bank bike loan is as follows:

Rs.1.25 lakh	18.99%
1.25 lakh to 3 lakh	14.99%
3 lakh and above	9.99%

Before applying for a bike loan from any lender, you need to know about the interest rate of that loan. Bike loan interest rate plays an important role in the EMI of your loan. You can apply for the cheapest bike loan by comparing the interest rate of different banks.

Documents Need for IDFC Bank Two Wheeler Loan

Before applying for a bike loan, you must have all the necessary documents so that whenever the bank asks you for documents, you can immediately show them all the documents. For more information about the document, you can contact your nearest IDFC Bank branch. You need to have the following documents with you for IDFC Bank bike loan:

• Passport size photo.
• Address Proof / Identity Proof: Passport, Aadhar Card, Driving License, Voter ID.
• loan application form

IDFC Bike loan Fees and Charges

EMI bounce charges	400
Late Payment / Penalty Fee / Default Interest	2% of the outstanding EMI per month or Rs.300 whichever is higher
check swap fee	500
Cancellation and Rebooking Fees	1000
Foreclosure/Prepayment Charges	5%
loan rescheduling fee	No
Duplicate No Objection Certificate issuance fee	500
physical repayment schedule	500
physical statement of account	500
document retrieval fee	500
stamping charges	according to actual
processing fee	4% of the total amount
list of documents	No
part payment fee	Partial payment is not allowed
Initial Money Deposit / Application Fee (	No
easy purchase card replacement fee	99
EBC and Push Card Fees	499
admin fee	up to Rs 1200
PDD Fee	up to Rs 1000
Other charges	up to Rs 1000
EMI pickup/collection charges	350
Pre EMI	350
Security Post Dated Check Exemption	500
Legal/collection/capture and incidental charges	according to actual
assessment fee	according to actual

How to apply for IDFC Bank Two Wheeler Loan ?

If you fulfill all the conditions of this loan, then you can apply for it both online and offline. Follow the steps given below to apply for the loan:

IDFC Two Wheeler loan Apply Online

• To apply online, you must first visit the official website of IDFC Bank. idfcfirstbank.com will go on.
• After visiting the website, in the option of Loans two wheeler loan Click on the option.

• All the information related to bike loan will come in front of you.
• You have to read all this information.
• to apply Apply Now Click on the option.
• Verify with the help of your mobile number.
• After this a form will open in front of you in which you have to enter some important details.
• And submit the form.
• After this the representative of the bank will contact you and the loan process will be issued further.

Offline Apply:

• To apply offline, you have to visit your nearest IDFC Bank branch.
• Contact the bank representative who will provide you complete information about the bike loan.
• You will have to fill a form with which you have to attach the required documents and complete some process of the bank.
• After this the form has to be submitted in the bank.
• If your loan is approved then the loan amount is transferred to your bank account.

How to Check IDFC Two Wheeler Loan Status ?

If you have applied for this loan then you can check the status of your application both online and offline. Offline you can check by visiting your nearest bank branch and you can track the status of your application online by visiting the bank’s official website. Apart from this, you can also check the status of your application with the help of mobile app of IDFC Bank.

IDFC Bank Two Wheeler Loan EMI Calculator

Before applying for any bike loan, you should calculate the EMI of your loan so that you can get an idea of how much you have to pay at the time of loan repayment. You can go to the official website of the bank Bike loan EMI Calculator With the help of this you can calculate the EMI of your loan.

The EMI of the loan depends on the loan amount, interest rate and loan tenure. In the EMI calculator, you have to select the loan amount, loan tenure and interest rate and the EMI of the loan will come in front of you.

IDFC Bank Bike loan Customer Care Number

If you are facing any kind of problem in applying for the loan, then you can get information by calling IDFC customer care number.

• Customer Care Number: 1860 500 9900

Read Also:

• Axis Bank Bike Loan
• SBI Bike Loan – Two Wheeler Loan
• Zero Down Payment Bike Loan
• Bajaj Finance Bike Loan
• BOI Bike Loan
• HDFC Bike Loan
• ICICI Bike Loan

My Final World:

In this article we have you IDFC Two Wheeler loan details Tried to give complete information about it. If you are unable to buy a four wheeler then you can apply for a bike loan in which IDFC Bank will help you.

Hope friends, you have found this article informative. If you liked this article then please share it with your friends.

FAQ’s on IDFC Two Wheeler Loan