Two-Wheeler Loan
Wouldn’t life be dull without some swiftness? At Ujjivan Small Finance Bank, we help you materialise your dream of owning a two-wheeler, which promises to add comfort and convenience to your life. Owning a two-wheeler gives you the freedom to be where you need to be on time.
We offer up to ₹ 2.75 lakhs to buy the two-wheeler of your choice. Moreover, we endeavour to make the loan application process simple and straightforward requiring only basic documents and provide quicker decision time for loan sanction.
Avail our two-wheeler loans now to add speed and progress to your life!
Eligibility
Age criteria: 18 to 59 years of age
Salaried/Self-employed with minimum work experience of one year
Features & Benefits
Up to 95% funding on the on-road price
Hassle-free documentation
Customised financing options to cater to all types of 2-wheeler needs
Competitive interest rates
Easy repayments
Flexible tenure options, ranging from 12 to 48 months
Features & Benefits
Up to 95% funding on the on-road price
Hassle-free documentation
Customised financing options to cater to all types of 2-wheeler needs
Competitive interest rates
Easy repayments
Flexible tenure options, ranging from 12 to 48 months
Schedule Of Charges
Effective from 1st April 2024 below the Schedule of charges
| Loan Amount | ₹ 26,000 - ₹ 2,75,000 |
| Loan Tenure | 12 - 48 months. |
| Rate of Interest | 20%- 26% p.a. diminishing balance method. |
| Processing Fee | Up to 4% of the Loan Amount plus GST. |
| Documentation Charges | ₹ 500 + GST. |
| Stamp duty | As per the state by-laws. |
| CERSAI Charges | At actuals |
| Late Payment Charges | 2.5% on the overdue amount + GST (w.e.f. 1st Apr’24) |
| Bounce Charges | Rs.500 plus GST |
| Pre-closure Charges | 2% of principal outstanding, if loan is pre-closed on or before 12 months from date of disbursement. 1% of principal outstanding, if loan is pre-closed after 12 months from date of disbursement. |
Frequently Asked Questions
What is a Two Wheeler Loan?
A two-wheeler loan helps customers purchase the ride of their dreams. He can then pay it in Equated Monthly Installments [EMIs].
What is the Loan tenure?
12-48 months
What is the amount being offered by USFB's Two Wheeler Loan?
We offer funding up to 2.75 Lakh on your dream ride.
What are the interest rates?
20% - 26% p.a diminishing balance method
What is the documentation charges?
Rs.500 plus GST
What is the processing fees?
Upto 4% of the loan amount plus GST
What is the bounce charge?
Rs.500 plus GST per bounce
What is the late payement charges?
Late payment charges will be 2.5% plus GST of loan amount for every late EMI
Who can apply for the two-wheeler loan?
Minimum Age- 21 years at the time of loan application & ·Maximum Age- 62 years at the end of the loan tenure (last EMI date)
Customer Speak
I had an excellent experience with Ujjivan Small Finance Bank. Their loan process is swift, requiring minimal documentation, and offers reducing interest rates. I highly recommend Ujjivan Small Finance Bank.
Rameshwar Hembram
East
Recently, I financed my scooter through Ujjivan Small Finance Bank, and I'm extremely satisfied with the experience and the overall process. The team was exceptionally supportive and helpful.
Sachin Kumar Jha
North
The bank is experiencing significant growth and continuously enhancing its processes. A few years ago, when my brother obtained a Two Wheeler Loan, the entire process took a considerable amount of time. However, when I financed my two-wheeler with them recently, it was remarkably smooth and easy
Anup Kanti Dey
East
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