{"id":1440,"date":"2020-07-31T09:54:29","date_gmt":"2020-07-31T09:54:29","guid":{"rendered":"http:\/\/magicloans.in\/?p=1440"},"modified":"2020-07-31T09:54:29","modified_gmt":"2020-07-31T09:54:29","slug":"idbi-bank-two-wheeler-loan","status":"publish","type":"post","link":"https:\/\/magicloans.in\/idbi-bank-two-wheeler-loan\/","title":{"rendered":"IDBI Bank Two Wheeler Loan"},"content":{"rendered":"\n
Two Wheeler Loan<\/strong><\/p>\n A two wheeler loan is a financial aid given to you by the bank. in this type of loan, the bank provides you some amount of loan at some rate of interest. This loan is given for a given period of time, this is known as its tenure. Since this is a two wheeler loan so you can buy only a two-wheeler by using this amount of loan.<\/p>\n <\/p>\n Features of Two Wheeler Loan<\/strong><\/p>\n The customer can avail a loan of up to INR 10 Lacs.<\/p>\n Customer\u00a0 loan will be authorized on Road Price i.e., Cost of Two wheeler +\u00a0 Fees of registration +\u00a0 Insurance + Tax)<\/p>\n Other extra expenses for fancy numbers cannot be funded by the bank.<\/p>\n The loan can be sum up to INR 20 lakhs\u00a0 (Minimum 10 percent)<\/p>\n Two wheeler loans are given by Central Bank of India with floating fixed interest rates.<\/p>\n 2 Wheeler’s basic Rate with 0.40 percent.<\/p>\n <\/p>\n IDBI Bank<\/strong><\/p>\n IDBI (Industrial Development Bank of India) is a government-owned bank, established in 1964 by Act of Parliament to provide credit and other financial facilities. The Bank is located in Mumbai, India. The Bank has 3817 ATMs, 1995 branches, and 1328 centers, with one branch in Dubai.\u00a0The Bank provides financial products and services encompassing deposits, loans, payment services, and investment solutions. IDBI provides two wheeler loan to their customers at affordable prices and has\u00a0maintained its credibility among customers for decades. Following is the eligibility criteria and documentation process.<\/p>\n <\/p>\n Eligibility Criteria<\/strong><\/p>\n