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Two Wheeler Loan Fees and Charges involve one-time processing charges, document charges and foreclosure charges. The two-wheeler loan processing fee is imposed as a fragment of the sought loan amount when applying for the loan. The document charges are also applied at the time of application and depend on the applicant’s scheme. Nominal foreclosure charges are applied when the loan is closed before the due date.
Go for a two-wheeler loan with lower interest rates and buy your dream bike without straining your pocket. When you apply for a two-wheeler loan with Muthoot Capital, you get to avail yourself of flexible loan tenure, maximum loan disbursement, and attractive interest rates.
The charges applicable on the loan amount include the following two wheeler loan fees and charges listed below:
1. Document Charges – The document charges are also mandatory to be paid before the loan is sanctioned. The charges are applied at the time of the document submission and are nominal. The document charges applied on the two-wheeler loan depend on the scheme the applicant selected.
2. Foreclosure Fees – A foreclosure fee is a minimal charge that is applied when an applicant pays the loan before the due date. The foreclosure fee is also identified as a prepayment charge applied when the complete loan is paid earlier than the scheduled repayment tenure.
3. Interest Rate – The interest rate charged is paid along with the monthly EMI slated to repay the loan. Muthoot Capital offers attractive interest rates for two-wheeler loans.
4. Processing Charges – The two-wheeler loan processing fee is applied to the applicant’s overall loan amount and varies between 1 to 4% (varies basis schemes). This charge is paid at the time of application and allows further loan proceedings. The processing charges applied to depend on the scheme the applicant selects.
Let us cherish and nurture that trust and ensure that every person who deals with us deals with the confidence that he will not be misguided
In order to find out if you meet our best two wheeler loan eligibility, you have to fulfill only a few conditions after which we process your loan
To have your loan process run smoothly, here are the documents you should have ready
Aadhaar Card, Passport, Voter ID or Driving License
Aadhaar Card, Passport, Voter ID or Driving License
Getting a two-wheeler loan with Muthoot Capital is easy, however, you must know the following terms and conditions before applying for the loan.
Salary Slips, Bank Statements, ITR, or Form 16, GSTR 3B
Property Documents, Electricity Bill, Property Tax receipt, Building Tax or Water Bill