Find the Top Used Bike Loan Providers from Sulekha in Hyderabad

Finding reliable providers for used bike loans can be a challenging task. At Sulekha, we simplify this process by offering you a curated list of the top second-hand bike loan providers and agents. Our platform connects you with the best lenders and agents for used motorcycle loans in Hyderabad. Whether you're looking for a loan to purchase a pre-owned bike or need financing options for a used motorcycle, Sulekha provides a comprehensive solution tailored to meet your needs. Explore our extensive network of trusted loan providers and agents. Simply fill out the form above with Used Bike Loan requirements, and we will match you with the best loan providers who will cater to your needs.

Top List of 140+ Used Two Wheeler Loan Providers in Hyderabad. Get an instant Used bike Loan with low interest rate, Also apply for used vehicle loan, second hand bike loan, and more. Find the best Used bile Loan service providers near your location. as on Oct 06, 2024

Manappuram Finance Limited

Beside Shivani Womans College, Hyderabad, 500035

5.0/5 Based on 1 Reviews

Loans Business Loans Car Loans

+11 more

Working hours: 9:30 AM to 6:30 PMHired on Sulekha: 1 time

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Ganesh Bhala from Hyderabad

"Yes loan chahiye jaldi arjant. Makan ke liye chahiye"

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Manappuram Finance Limited

Attapur, Hyderabad, 500048

Loans Business Loans Car Loans

+11 more

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

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Manappuram Finance Limited

Above Orientalbank Of Commerce, Hyderabad, 501218

Loans Business Loans Car Loans

+11 more

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

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Manappuram Finance Limited

Opposite MRR School, Hyderabad, 500062

Loans Business Loans Car Loans

+11 more

Working hours: 9:30 AM to 6:30 PM

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Manappuram Finance Limited

Beside State Bank of India, Hyderabad, 500036

Loans Business Loans Car Loans

+11 more

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

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Manappuram Finance Limited

Opposite Bhadurapura Police Station, Hyderabad, 500064

Loans Business Loans Car Loans

+11 more

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

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Manappuram Finance Limited

Opposite Ruby Resturant, Hyderabad, 500079

Loans Business Loans Car Loans

+11 more

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

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Manappuram Finance Limited

Above Heritage Fresh, Hyderabad, 500025

Loans Business Loans Car Loans

+11 more

Working hours: 9:30 AM to 6:30 PM

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Manappuram Finance Limited

Opposite City Civil Court, Hyderabad, 500002

Loans Business Loans Car Loans

+11 more

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

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Manappuram Finance Limited

Beside Rajdhani Theater, Hyderabad, 500060

Loans Business Loans Car Loans

+11 more

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

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Used Bike Loans Queries

Questions - 0 Answers - 0

149+ Experts

Latest User Reviews for 2nd hand bike loan in Hyderabad

80+ Users have reviewed for Used Bike Loans in Hyderabad

4.0

Based on 81 Reviews

VENKATESH R Banjara Hills

11 Jun, 2022

AP09BJ2674 THIS IS MY VEHICLE NO I TAKEN VEHICLE LOAN FOR YOUR FINANCE OFFICE I CLEAR MY ALL EMI. NOW I WANT NOC CERTIFICATE HOW TO GET THAT CERTIFICATE

Siva Rama Krishna Begumpet

22 Nov, 2021

i have a bike loan in bussan finance. but the finance is clear but my noc is not returned. my finance is cleared in before 4months back. still no one is contact me. i already go to begumpet bussan finance but the office is not there and office is closed

Sharanya Begumpet

17 Sep, 2019

Worst service, that callers are talking very rudly particularly miss jyothi (caller) I was told her many times, I'm out of station after coming to hyderabad ill pay the amount, but she doesn't have minimum common sense. She don't know how to talk with client also. I was asked her to keep your office address I'll visit and do the complaint on her, she don't even care my words, very very bad service you people providing, that one star also waste for your service. Such a worst girl (caller jyothi)

Deepak Masab Tank

05 Jul, 2019

They don't give a loan on car useless app ND useless people I recommend not to use this app 1 of the time waste app in the world

Mani Saran Mehdipatnam

04 Jan, 2019

I contacted the State Bank of India, Mehdipatnam for two-wheeler loan Their response was very good. I submitted all the necessary documents to them and they processed my loan within 3 days the charges also reasonable only. I am very much happy with their service.

Mallesh Musheerabad

04 Dec, 2018

Got Vehicle loans from this ICICI bank. they did the work very quickly in order to get the loan quickly. the staff member was very cooperative and very friendly moving into the customer. I brought new TATA Tipper vehicle. They provided 80% as loan amount in vehicle cost, They have charged me a very reasonable amount for EMI. there was a quick response to the customer since the customer satisfaction was very important. Excellent service from them.

Steven Begumpet

24 Sep, 2018

The callers are very rude to the customer talking bad words I had done payment in the paytm even though they are keep on calling worst finance

Ravi Hyderabad

12 Sep, 2018

Recently I'm looking for the vehicle loan, and I Got the loan from this Bank. it was for the new four wheeler. since I have an account already in this bank, getting loan was very quick and easier. Documentation charge was very modest rate and the loan amount was as I expected. They did the work very quickly in order to get the loan quickly. A staff member was very cooperative and very friendly moving into the customer. There was a quick response to the customer since the customer satisfaction was very important. Good service from them

Recent Enquiries for old bike loans in Hyderabad

300+ Users enquired about Top Used Two Wheeler Finance in Hyderabad over the last 2 months

P

Par***** Hyderabad

Vehicle loans 5 Hours ago
- Type of vehicle loan: Two wheeler
- Condition of vehicle: Used
- Vehicle loan amount: 16 - 25 lakhs
S

Sye***** Hyderabad

Vehicle loans 11 Hours ago
- Type of vehicle loan: Passenger commercial vehicle
- Condition of vehicle: Used
- Vehicle loan amount: 1 - 5 lakhs
C

Chi***** Hyderabad

Vehicle loans 15 Hours ago
- Type of vehicle loan: Two wheeler
- Condition of vehicle: Used
- Vehicle loan amount: 1 - 5 lakhs
R

Roh***** Hyderabad

Vehicle loans 1 Day ago
- Type of vehicle loan: Two wheeler
- Condition of vehicle: Used
- Vehicle loan amount: Less than 1 lakh

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, used bike 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 Used Bike Loan?

Budget Constraints: If you need a vehicle but cannot afford a new one, a used bike loan can help you purchase a reliable, affordable alternative.
Improved Credit Score: If you have a moderate credit score, a used bike loan can help improve your credit by adding a positive repayment history.
Cost-Effective Option: Used bikes are generally less expensive than new ones, and taking a loan for a used bike can result in lower monthly payments and less financial burden.
Immediate Need for Transportation: If you need a vehicle urgently for commuting, work, or other reasons, a used bike loan can provide quick access to a bike.
Upgrade Existing Bike: If your current bike is old or not functioning well, a used bike loan can help you upgrade to a better model without straining your finances.

2. Eligibility Criteria for Taking a Used Bike Loan?

Age: Typically, applicants should be between 18 and 65 years old.
Income: A stable source of income is required, with minimum income criteria varying by lender.
Employment: Salaried employees, self-employed individuals, and professionals are generally eligible. Employment stability and a minimum tenure with the current employer might be required.
Credit Score: A good credit score increases the chances of loan approval. Lenders usually prefer a score of 650 or above.
Residence Proof: Proof of stable residence, such as utility bills or rent agreements, is required.
Bank Statements: Lenders may ask for bank statements for the last 3-6 months to assess financial stability.
Existing Debt: Lenders evaluate the existing debt-to-income ratio to ensure the applicant can handle additional debt.

3. Benefits and Advantages of a Used Bike Loan?

Lower Cost: Used bikes are cheaper than new ones, resulting in lower loan amounts and smaller EMIs.
Affordable Interest Rates: Many lenders offer competitive interest rates on used bike loans.
Flexible Repayment Tenure: Loan tenures are flexible, typically ranging from 12 to 48 months, allowing borrowers to choose a comfortable repayment period.
Quick Approval and Disbursal: Many financial institutions offer quick approval and disbursal of used bike loans, often within 24-48 hours.
Minimal Down Payment: Some lenders offer high loan-to-value (LTV) ratios, reducing the need for a substantial down payment.
Tax Benefits: If the bike is used for business purposes, you may be eligible for tax deductions on interest paid.

4. Important Factors to Consider When Taking a Used Bike Loan?

Interest Rate: Compare interest rates from different lenders to find the most affordable option. A lower rate reduces the overall cost of the loan.
Loan Tenure: Choose a tenure that balances affordable EMIs and total interest paid over the loan period.
Processing Fees and Charges: Be aware of processing fees, prepayment charges, and any other hidden costs associated with the loan.
Lender’s Reputation: Choose a reputable lender with good customer service and transparent policies.
Bike Valuation: Ensure the bike is correctly valued, as overvaluation can lead to higher EMIs.
Condition of the Bike: Assess the bike’s condition, maintenance history, and any past accidents. A well-maintained bike will have lower maintenance costs and better resale value.
Insurance: Factor in the cost of insuring the used bike. Comprehensive insurance is recommended to cover any potential damages or losses.
Down Payment: A higher down payment can reduce the loan amount and EMIs, so consider how much you can afford to pay upfront.
Repayment Capacity: Assess your financial situation and ensure you can comfortably afford the monthly EMIs without straining your budget.
Prepayment Options: Check if the lender offers flexible prepayment options without hefty penalties, allowing you to pay off the loan early if possible.

5. Used Bike Loan Interest Rates?

Bank Name	Interest Rate (per annum)	Loan Tenure	Processing Fee
State Bank of India	10.50% - 14.75%	Up to 5 years	1.00% of loan amount
HDFC Bank	11.50% - 16.25%	Up to 4 years	₹2,500 to ₹5,000
ICICI Bank	12.00% - 18.00%	Up to 3 years	2.50% of loan amount (minimum ₹1,500)
Axis Bank	13.00% - 15.50%	Up to 3 years	₹3,500 or 2.50% of loan amount
Punjab National Bank	11.75% - 14.50%	Up to 5 years	1.50% of loan amount
Bank of Baroda	12.50% - 14.75%	Up to 5 years	2.00% of loan amount
Union Bank of India	11.25% - 15.00%	Up to 3 years	1.00% of loan amount
Kotak Mahindra Bank	11.75% - 15.50%	Up to 4 years	2.50% of loan amount
IDFC First Bank	12.00% - 16.00%	Up to 5 years	1.50% to 2.00% of loan amount
IndusInd Bank	12.25% - 16.75%	Up to 3 years	2.00% of loan amount

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 Used Bike Loans

1. Who are the best Used Bike Loan providers in Hyderabad?

2. What documents are required for a Used Bike Loan?

Typically, you need identity proof (Aadhar card, PAN card), address proof (utility bill, rental agreement), income proof (salary slips, bank statements), and the bike's registration documents.

3. What are the eligibility criteria for a Used Bike Loan?

Eligibility usually requires you to be an Indian resident, aged between 21-65, with a stable income, and a decent credit score. Some lenders might have specific criteria based on their policies.

4. How do I apply for a Used Bike Loan online?

To apply 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 your details, upload the necessary documents, and submit. The lender will review and approve based on your eligibility.

5. How can I get an instant Used Bike Loan?

For an instant loan, check if the lender offers pre-approved loans or quick disbursal options. You may need to have a good credit score and all required documents ready for faster processing.

6. What is the percentage rate for Used Bike Loan?

The interest rate for a used bike loan typically ranges from 10% to 18% per annum, depending on the lender, your credit score, and the loan amount.

7. Can I get a Used Bike Loan with a low CIBIL score?

Yes, some lenders offer loans to individuals with low CIBIL scores, but the interest rates may be higher, and the loan amount might be lower. It's advisable to check with specific lenders for their criteria.

8. What is the processing fee for a Used Bike Loan?

The processing fee for a used bike loan typically ranges from 1% to 3% of the loan amount. This can vary depending on the lender's policies and the loan amount.

9. Can I get a Used Bike Loan with a bad credit score?

Yes, it's possible to get a used bike loan with a bad credit score, but it might come with higher interest rates and stricter terms. Some lenders specialize in loans for individuals with poor credit.

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Top Used Two Wheeler Finance in Hyderabad

What type of vehicle loan do you need?

Find the Top Used Bike Loan Providers from Sulekha in Hyderabad

Top List of 140+ Used Two Wheeler Loan Providers in Hyderabad. Get an instant Used bike Loan with low interest rate, Also apply for used vehicle loan, second hand bike loan, and more. Find the best Used bile Loan service providers near your location. as on Oct 06, 2024

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Manappuram Finance Limited

Latest User Reviews for 2nd hand bike loan in Hyderabad

Recent Enquiries for old bike loans in Hyderabad

Why Choose Sulekha?

1. When to Consider Taking Out a Used Bike Loan?

2. Eligibility Criteria for Taking a Used Bike Loan?

3. Benefits and Advantages of a Used Bike Loan?

4. Important Factors to Consider When Taking a Used Bike Loan?

5. Used Bike Loan Interest Rates?

Most Common Questions About Used Bike Loans

1. Who are the best Used Bike Loan providers in Hyderabad?

2. What documents are required for a Used Bike Loan?

3. What are the eligibility criteria for a Used Bike Loan?

4. How do I apply for a Used Bike Loan online?

5. How can I get an instant Used Bike Loan?

6. What is the percentage rate for Used Bike Loan?

7. Can I get a Used Bike Loan with a low CIBIL score?

8. What is the processing fee for a Used Bike Loan?

9. Can I get a Used Bike 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