Two Wheeler Loan
Owning a two wheeler has never been this easy. Our two wheeler loans provide 90% of the on-road price of the vehicle, simple interest rates and easy EMI's. You can pay at your own time bound manner at any of the Muthoot Fincorp branches across the country.
- Flexible repayment options, ranging from 12 to 36 months.
- Attractive interest rates.
- Loan approvals in 30 minutes
- Repayment through any of Muthoot Fincorp branches across the country.
- Installment can be paid daily/weekly/fortnightly/monthly according to the customer's convenience
- Hassle free loans - no post dated cheques required
- Easy and simple documentation.
- Spot approval for Muthoot Pappachan Group debenture holders.
- Special schemes to suit your needs.
- Spot approval for Honda / Hero Honda models.
- No income proof based programs also available
- Attractive interest rates-25% (as per applicable scheme)* *
- Salaried or self employed persons.
- Age between 18 and 65
- Minimum net income / net profit of 60,000/- p.a.
- Residence stability: minimum one year in the current address.
- Job/Business stability: minimum one year in the present job
- Valid identity proof: Any one of passport /voters ID card/ driving license/ PAN card
- Valid address proof: Any one of passport / voters ID card/ driving license/ telephone bill/electricity bill/ gas connection bills/ ration card/ LIC policy.
- Income proof: ITR / form 16 / pay slip / salary, credit card or bank statement.
- Asset proof: Latest land/building/house tax receipt
- Recent passport size photo.
Q: How long will it take to approve the loan?
A: Within 30* minutes of completing the documentation
Q: How much finance can I avail of?
A: The minimum loan amount is Rs. 10000/- and a maximum is Rs. 60,000*, subject to 90%* of the on road price*
Q: What are the tenure options?
A: You can choose from any of the well-paced repayment options of 12, 18, 24, 30, or 36 monthly installments.
Q: How can I remit the monthly installment?
A: By way of cash (daily / weekly / fortnightly / monthly) according to your cash flow, at any of Muthoot Fincorp branches across the country
Q: Do I have the option of pre-paying the entire loan amount?
A: Yes. You can pre-pay the loan any time, at a nominal charge.
* * In overdue cases Rs 100 for every defaulted installment and late payment penalty at 5% per month of the defaulted installment amount compounded at monthly rests, will be charged, in the event the repayment is not made on the agreed due date.