Top List of Two Wheeler Loan Providers in Satara. Get an instant Bike Loan with low interest rate, Also apply for two wheeler finance, vehicle loan, used bike loan, and more. Find the best Two Wheeler Loan service providers near your location. as on Sep 13, 2024

Manappuram Finance Limited

Radhika Road, Satara, 415002

Loans Business Loans Car Loans

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Working hours: 10:00 AM to 7:00 PM

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Manappuram Finance Limited

Near Sukhdev Caterers, Satara, 415002

Loans Business Loans Car Loans

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Working hours: 10:00 AM to 7:00 PM

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Manappuram Finance Limited

Near Old Bus Stand, Satara, 415501

Loans Business Loans Car Loans

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Working hours: 10:00 AM to 7:00 PM

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Shriram Finance Limited

Satara, Satara, 415003

Unverified

+09513823449

Loans Business Loans Car Loans

+12 more

Shriram Finance is the country’s biggest retail NBFC offering credit solutions for commercial vehicles, two-wheeler loans, car loans, home loans, gold loans, and personal and small business loans. In November 2022, Shriram Group’s entities – Shriram Transport Finance Company Limited, Shriram City Union Finance Limited, and Shriram Capital Limited – merged to form Shriram Finance Limited. Shriram Finance has a network of 2,922+ branches and a work ... less

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Shriram Finance Limited

Powai Naka, Satara, 415002

Unverified

+07669375249

Loans Business Loans Car Loans

+12 more

Hired on Sulekha: 1 time

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Shriram Finance Limited

Shaniwar Peth, Satara, 415110

Unverified

+08069680266

Loans Business Loans Car Loans

+12 more

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Shriram Finance Limited

Phaltan, Satara, 415523

Unverified

+07669375248

Loans Business Loans Car Loans

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Shriram Finance Limited

Satara, Satara, 412801

Unverified

+07669375241

Loans Business Loans Car Loans

+12 more

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Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, two-wheeler loans, home loans, vehicle loans, mortgage loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out a Two Wheeler Loan?

Need for Reliable Transportation: A two-wheeler loan is ideal if you need a dependable vehicle for commuting or personal use and lack the immediate funds to purchase one outright.
Insufficient Savings: If your current savings are insufficient for a two-wheeler purchase, a loan allows you to buy the vehicle without depleting your savings entirely.
Budget Management: Spreading the cost over time through a loan helps manage your budget better than paying a lump sum upfront, making it easier to balance other financial commitments.
Building Credit History: Taking and repaying a two-wheeler loan on time can improve your credit score, which is beneficial for future loan or credit applications.
Attractive Loan Offers: When financial institutions offer competitive interest rates or special deals, taking a loan becomes a cost-effective option for purchasing a two-wheeler.

2. Eligibility Criteria for Taking a Two Wheeler Loan?

Age: Applicants typically need to be between 18 to 65 years old to qualify for a two-wheeler loan.
Employment Status: Salaried individuals should have at least 1 year of continuous employment, with 6 months at the current job, while self-employed individuals need 1-2 years in business.
Income: Lenders usually require a minimum monthly income, ensuring the borrower can manage the loan repayments.
Credit Score: A good credit score is crucial as it increases the chances of loan approval and may secure better interest rates.
Residency: Proof of stable residence is required, typically indicating the borrower has lived at their current address for at least 1 year.
Documentation: Necessary documents include identity proof, address proof, income proof, and sometimes employment proof to verify the applicant’s credibility.

3. Benefits and Advantages of a Two Wheeler Loan?

Affordable Repayments: Loans allow borrowers to pay in manageable installments rather than a large upfront payment, easing financial strain.
Improved Cash Flow: By opting for a loan, you can maintain liquidity, using your savings for other investments or emergencies.
Credit Score Improvement: Regular and timely repayment of the loan can enhance your credit score, making future borrowing easier.
Quick Processing: Many financial institutions offer fast approval and disbursement, enabling quick purchase of the two-wheeler.
Flexible Tenure: Borrowers can select a repayment period that suits their financial situation, typically ranging from 12 to 48 months.
Special Offers: Lenders often provide benefits such as zero down payment, low-interest rates, and festive discounts, making loans more attractive.

4. Important Factors to Consider When Taking a Two Wheeler Loan?

Interest Rate: Compare interest rates from various lenders to find the most cost-effective option, ensuring lower overall repayment.
Loan Tenure: Choose a tenure that balances manageable EMIs with your financial capabilities, preventing undue financial stress.
Down Payment: A higher down payment reduces the loan amount and total interest paid, making the loan more affordable.
Processing Fees: Be aware of any processing fees or additional charges that could increase the overall cost of the loan.
Prepayment Charges: Understand the terms related to prepayment or foreclosure, as some lenders impose penalties for early loan repayment.
Insurance: Factor in the cost of mandatory insurance for the two-wheeler, which some lenders might require.
Loan Amount: Ensure the loan amount covers the cost of the two-wheeler and additional expenses like insurance, registration, and accessories.
Lender Reputation: Select a reputable lender with good customer service and favorable loan terms to ensure a smooth borrowing experience.

5. Two Wheeler Loan Interest Rates?

Bank Name	Interest Rate (per annum)	Processing Fee	Loan Tenure	Maximum Loan Amount
State Bank of India	7.30% - 16.25%	0.50% of the loan amount (Min ₹1,000)	Up to 3 years	Up to ₹3 lakhs
HDFC Bank	9.50% - 16.30%	Up to ₹3,500	Up to 5 years	Up to ₹2.5 lakhs
ICICI Bank	10.50% - 18.00%	Up to 2.5% of the loan amount	Up to 3 years	Up to ₹2.5 lakhs
Axis Bank	10.80% - 28.30%	1% of the loan amount (Min ₹500)	Up to 5 years	Up to ₹2 lakhs
Punjab National Bank	10.65%	1% of the loan amount (Min ₹750, Max ₹1,500)	Up to 5 years	Up to ₹2 lakhs
Bank of Baroda	7.75% - 10.75%	2% of the loan amount	Up to 5 years	Up to ₹1.5 lakhs
Bajaj Finserv	11.00% - 14.00%	Up to ₹3,000	Up to 3 years	Up to ₹1.5 lakhs
IDFC FIRST Bank	10.99% - 24.00%	Up to ₹2,500	Up to 5 years	Up to ₹2 lakhs

Please note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

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Most Common Questions About Two Wheeler Loans

1. Who are the best Two Wheeler Loan providers in Satara?

Manappuram Finance Limited
Shriram Finance Limited

2. What documents are required for a Two Wheeler Loan?

The required documents for a Two Wheeler Loan typically include identity proof (like Aadhaar, PAN, or Passport), address proof (such as utility bills or rental agreement), income proof (salary slips, bank statements, or ITR), and passport-sized photographs.

3. What are the eligibility criteria for a Two Wheeler Loan?

Eligibility criteria generally include being an Indian resident aged between 18 to 65 years, having a stable source of income, and maintaining a decent credit score. Some lenders may have specific criteria related to your employment type and tenure.

4. How do I apply for a Two Wheeler Loan online?

To apply for a Two Wheeler Loan online, you can apply online with the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also you can visit the lender's website, fill out the application form with required details, upload necessary documents, and submit the form. The lender will review your application and contact you for further processing.

5. How can I get an instant Two Wheeler Loan?

To get an instant Two Wheeler Loan, you need to apply with a lender that offers quick disbursal. Ensure your documents are in order, have a good credit score, and preferably apply with a lender with whom you have an existing relationship.

6. What is the percentage rate for Two Wheeler Loan?

The interest rate for a Two Wheeler Loan varies by lender and can range from 8% to 18% per annum, depending on your credit profile, income, and relationship with the lender.

7. Can I get a Two Wheeler Loan with a low CIBIL score?

Yes, you can get a Two Wheeler Loan with a low CIBIL score, but it may come with higher interest rates and stricter terms. Some lenders specialize in providing loans to individuals with lower credit scores.

8. What is the processing fee for a Two Wheeler Loan?

The processing fee for a Two Wheeler Loan typically ranges from 1% to 3% of the loan amount. However, this can vary between lenders, so it's best to check the specific terms with your chosen lender.

9. Can I get a Two Wheeler Loan with a bad credit score?

While it is possible to get a Two Wheeler Loan with a bad credit score, it will likely come with higher interest rates and stricter conditions. Some lenders might require a guarantor or collateral to mitigate their risk.

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Top Two Wheeler Finance in Satara

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Find the Top Two Wheeler Loan Providers from Sulekha in Satara

Top List of Two Wheeler Loan Providers in Satara. Get an instant Bike Loan with low interest rate, Also apply for two wheeler finance, vehicle loan, used bike loan, and more. Find the best Two Wheeler Loan service providers near your location. as on Sep 13, 2024

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Shriram Finance Limited

Shriram Finance Limited

Shriram Finance Limited

Shriram Finance Limited

Shriram Finance Limited

Why Choose Sulekha?

1. When to Consider Taking Out a Two Wheeler Loan?

2. Eligibility Criteria for Taking a Two Wheeler Loan?

3. Benefits and Advantages of a Two Wheeler Loan?

4. Important Factors to Consider When Taking a Two Wheeler Loan?

5. Two Wheeler Loan Interest Rates?

Most Common Questions About Two Wheeler Loans

1. Who are the best Two Wheeler Loan providers in Satara?

2. What documents are required for a Two Wheeler Loan?

3. What are the eligibility criteria for a Two Wheeler Loan?

4. How do I apply for a Two Wheeler Loan online?

5. How can I get an instant Two Wheeler Loan?

6. What is the percentage rate for Two Wheeler Loan?

7. Can I get a Two Wheeler Loan with a low CIBIL score?

8. What is the processing fee for a Two Wheeler Loan?

9. Can I get a Two Wheeler Loan with a bad credit score?

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021

Important Things That NRIs Should Know About Home Loan In India

Home Loan Agreement- Important clauses to know!

How To Avoid Rejection Of Your Personal Loan Application