How to apply for idfc first 2 wheeler loan? IDFC 2 wheeler loan

Hello friends we are back again with a new and a fresh new article for you which will be very helpful for you. We have brought you a new loan scheme for you if you are in need to buy a 2 wheeler of your own. There are several loans in the market presently available. We are here to solve all your problems and so have have brought you this article . In this article we will talk about a loan scheme which is provided by IDFC first bank.

This bank is a private sector bank as we all know and it provides many financial and banking services all over the country. Presently the headquarter of this bank is located in Mumbai. This bank has over 219 branches all over the country. The loan scheme provided by this bank is IDFC First 2 wheeler loan. So this article provides the information all about the features, documents required, eligibility, processing fee, benefits, interest rate, tenure rate, loan amount etc of the IDFC 2 wheeler loan which are as follows:

So what are the reason that you are going with this bank for your loan, surely these are some reasons and these reasons are the features and the benefits of IDFC first bank given as:

• The whole process of applying the loan is very easy and online.
• The interest rate is quite good.
• The processing fee is also very low.
• The loan tenure rate is flexible.
• There is the option of flexible loan repayment system.
• There are also some other benefits like the insurance cover and the accidental cover.
• It reduces the pressure of you to pay all the amount in a lumpsum.
• The approval time is very less.

These are the reasons or you can say the benefits and all the features that this loan scheme by IDFC First bank provides to us.

Coming to the next one of the most important factor of this loan that is the interest rate of IDFC First bank. The interest rate of this loan scheme is not fix. The interest rate of this loan scheme directly depends on you that how much amount of loan is borrowed. If the loan amount borrowed is up to Rupees 1.25 lakh then the interest rate is 18.99% But if your loan amount vary from 1.25 lakh to 3 lakh then the interest rate will be 14.99% and if the loan amount is above 3 lakh rupees then the interest rate will be 9.99%.

So now we will get to know about the minimum and the maximum loan amount that this loan scheme offers to its users. As the loan amount provided to you will be directly depends on the Income of the applicant and other profile checks but for an idea the minimum loan amount provided by them is 50,000 rupees to the maximum amount that they can provide is 3 lakh rupees.

Let us talk about the upfront fee that is paid for the processing of the loan of the total loan amount. Yes we are talking about the processing fee that is charged by this bank loan . The processing fee charged by this loan scheme is nearly nil that is Zero but it sometimes also depends on the Bank time to time.

Let us talk about the charges that are paid when you provide all the money of the loan before the maturity period. We are talking about the pre closure charges that this bank provides to us for the 2 wheeler loan . The pre closure charges by this bank is also nil that is zero and sometimes it also depends on the bank from time to time.

Now we will discuss that what is the eligibility criteria to apply for this loan scheme by IDFC first bank.

1. The eligibility criteria is given below:
2. The applicant or the person must be a citizen of India.
3. The minimum age required for this is 18 years.
4. The maximum age required to apply for this loan is 65 years.
5. If any student is borrowing the loan then there must be his father, mother or any other co applicant.
6. The persons must follow all the rules and terms and conditions of the bank.
7. The borrower or the applicant must have his/her driving license.
8. The annual salary of the applicant must match with the bank norms.

So these were the eligibility criteria to apply for this bank loan by IDFC First bank. Now lets take a look over the documents which one would need to apply for this loan.

So now it is the time to take a look over the documents which one will definitely require to apply for IDFC First 2 wheeler loan:

• The person must have a valid ID proof of his own and the borrower.
• The Person must have his valid residence proof with him/her.
• PAN card and Aadhar card are required as necessity.
• Driving license is also must.
• Electricity bill and the telephone bill can be used as the residence proof.
• The person must have 2,3 passport sized photographs of his own.
• The applicant must provide his latest salary proof.
• The Self employed person must provide all his balance sheet of profit and loss with It returns.
• The person must provide his latest 6 months bank statements.
• The student applicant must have his marksheet with him/her.

So these were the main documents which one would require to apply for this loan. Now coming to the last part of the article then we will discuss the steps that one would definitely need to know to apply for this loan.

So now we will discuss about the steps that one would require to apply for this loan. As of all the loans this loan can also be applied in offline mode as well as in the online mode.

1. The offline mode is not preferred by all so in this article I will talk about the steps to apply for this loan in Online mode which are given below:
2. The first step to do is to go to the official website of the IDFC First bank.
3. Now chose the loan option from the main menu.
4. Now chose the auto loan and then type of loan which prefers and suits you.
5. Now clicking on apply , fill all the personal details.
6. Complete all the KYC process and upload all the documents.
7. The representative of the bank will try to contact you to verify.
8. Now fill all the bank details and apply for the loan.
9. For for sometime and the message will be received by you regarding the loan .
10. After the loan approval the loan amount will be directed to the account of the beholder.

So these were the steps through which anyone can apply for the 2 wheeler loan by IDFC.

So if there is any problem while applying for this loan or any other kind of problem then you can contact us through our social media handles but if you are interested to talk to the bank officials then their customer care number is: