Wondering if you are eligible?
The Two-Wheeler Loan eligibility criteria is as follows:
Wondering if you are eligible?
Two-Wheeler Loan Eligibility
Individuals:
- Salaried or self-employed
- Age between 21 and 65 years
- Income: Minimum monthly income of ₹10,000
Non-Individual Entities:
- Registered non-individual entities like Partnership firms, Private Limited companies, Limited companies, etc.
Click here to learn more about the HDFC Bank Two-wheeler Loan
Click here to apply for the HDFC Bank Two-wheeler Loan
Click here for the most important Terms & Conditions
Disclaimer: Terms and conditions apply. Two-Wheeler Loan approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirements. Interest rates are subject to change. Please check with your RM or the closest bank branch for current interest rates.
Frequently Asked Questions
The minimum age to apply for an HDFC Bank Two-Wheeler Loan is 21 years, while the maximum age at the time of loan maturity can be up to 65 years.
The down payment for a Two-Wheeler Loan is usually a percentage of the bike's on-road price, with lenders usually requiring 10-20%, while the loan covers the rest.
To apply for an HDFC Bank Two-wheeler Loan, you must be a salaried or self-employed individual aged between 21 and 65 years.
You can apply for an HDFC Bank Two-wheeler Loan if your non-individual entity is registered as a partnership firm, private limited company, limited company, or any similar legally recognised organisation. The entity must comply with the bank’s documentation and verification requirements for non-individual applicants.
As an eligible HDFC Bank account holder, you can get up to 100% finance for specific two-wheeler models. The final loan amount depends on your profile and the vehicle model, allowing you to meet your purchase needs without a substantial initial payment.
You can select a repayment tenure between 12 months and 48 months for your HDFC Bank Two-wheeler Loan. This flexibility enables you to choose a comfortable EMI plan that aligns with your financial capability and helps you manage your monthly expenses efficiently.
As an HDFC Bank account holder, you can enjoy competitive interest rates on your Two-wheeler Loan. You may save up to ₹4,813 on a loan of ₹1 lakh over a period of 3 years, making the loan more affordable compared to standard market rates.
To qualify for an HDFC Bank Two-wheeler Loan, you must earn a minimum monthly income of ₹10,000. This requirement applies to both salaried and self-employed individuals.
A co-applicant is not mandatory for HDFC Bank’s two-wheeler loans. However, including one with a good credit history and stable income can help improve your loan approval chances or get you better loan terms.