IndusInd bank is one of the premier new-generation private sector banks in India. The bank was incepted in the year 1994. It initiated with a capital amount of Rs.1 billion. Now the bank has a nation-wide presence with more than 745 branches in 392 locations. IndusInd Bank provides a wide range of financial services such as loans, accounts, and deposits for its diverse customers who belong to different profiles such as corporates, NRIs, Government, and other individuals.
IndusInd Bank two-wheeler loans fall under the ambit of vehicles loans and MSME financial services. Under this, a customer can buy a vehicle as per the business requirement as well as a vehicle for commercial use along with a two-wheeler.
The two-wheeler loan of IndusInd Bank has enormous benefits and attractive features, making it an excellent loan product in the entire credit market:
A customer can buy two-wheeler of any brand and model through IndusInd two-wheeler loan.
IndusInd bank has a simple process of documentation and quick loan defrayal in case of two-wheeler loans.
The bank ensures complete transparency in the loan process with no hidden costs.
Rapid processing of loan request is another feature that the bank offers.
Borrowers get the leverage to choose a repayment tenure which ranges from 12 to 60 months, and the customized repayment schemes for customers.
|Type of Loan||Interest Rate Range|
|Two Wheeler Loan||21 percent||29 percent||24 percent|
The bank offer two-wheeler loans to customers of a minimum of 18 years of age. This loan is provided to individuals, businesses, and MSMEs.
The requirement of documents differs on the basis of employment and income source of the applicant. If the applicant has the mandatory documents such as ID proof, address proof, and income proof, the loan application proceeding will be fast.