Apply for two-wheeler loan online:

You can apply for the two-wheeler loan either by visiting the bank or by applying online through the bank or online commercial centre site. In any case, it is consistently fitting to apply for a bicycle loan online as it lessens the expense and spares time.

Go to banks site or download the application and fill in your personal and loan necessity subtleties.

Once you fill the total structure, you will get distinctive bank options. You can pick your preferred bank with low-interest rate and charges.

From that point forward, the bank agent will connect with you to examine your loan prerequisite and confirm your subtleties. He will manage you about the total loan cycle and documents required.

On the off chance that you are qualified and interested, the bank delegate will fix your meeting with the bank for archive get and further loan measure.

The bank will choose to sanction or reject your loan in the wake of checking every one of your documents. Whenever sanctioned, you will get a sanction letter from the bank mentioning the key loan terms like interest rate, processing fees, tenure, and prepayment charges.

At long last, the loan sum will be dispensed to the enlisted financial balance.

A bicycle loan EMI calculator is a free and valuable online apparatus utilizing which you can compute the sum you have to pay each month towards the reimbursement of your two-wheeler loan + the pertinent interest sum. Utilizing this EMI calculator, you can without much of a stretch arrangement out your monthly EMIs in order to keep away from any defaults.

Why online?

1. Aides in comparing interest rates and charges
Interest rates and different costs like processing charges are the expense acquired for taking a loan. Applying online for two-wheeler loan causes one to look at the rates of the various banks and select the one with the least expense.

2. Check two-wheeler loan eligibility
Loan eligibility of an individual relies on different variables like salary and credit score. Two-wheeler loan eligibility calculator causes one to decide the most extreme sum which one can get in the structure or loan. In addition to this, the two-wheeler loan calculator encourages one to figure the EMI and tenure.

3. No impact on credit score
Dissimilar to the hard enquiries which impact the credit score of an individual, the enquiries online on the bank's site doesn't impact the credit score. Along these lines, an individual can check the credit score without the dread of a dunk in credit score.

4. Minimal documentation
Applying for a loan online is a convenient cycle as it requires minimal documentation. There is less or no desk work, and it additionally sets aside time and cash.

5. Tracking the two-wheeler account
Borrowers can whenever download the portable application of the bank or visit the official site to follow their two-wheeler loan account. The application will give all the important information like that of EMIs, loan tenure and so forth

ICICI Bank is one of the biggest private loan specialists in the nation. It offers two-wheeler loans with rates of interest beginning at as low as 10% p.a. The rates can go up to 26% p.a. With a nominal processing expense of up to 2.5% of the loan sum and a fund estimation of up to 100% of the on-street cost of the vehicle, the ICICI Two Wheeler loan is one of the most rewarding loan items.

Author's Bio: 

Gaurav S. Khurana is the Founder and CEO of Dialabank and has had a great career in the Banking and Financial Services Sector. He has an experience of 18 years in the sector and has worked at Senior Roles including National Sales Head at ING Investment Management India and as the Vice President Citibank. A post-graduate from IMT, Ghaziabad. Gaurav started his career as a Named Account Manager in Xerox.

Being a part of this field for a long time now, he has written many informative articles and blogs benefiting and assisting many in making decisions regarding the policies provided by various banks and non-banking financial companies such as the ICICI Bank Two Wheeler Loan