If you are unable to buy due to the tension of the budget, then two wheelers, the major banks of the country are providing loans at different interest rates. These include a super bike.
Two wheelers loan
Since the Corona period, most people want to use their vehicles for commuting. If you also want to buy a bike or scooter but you do not have much budget then do not take tension. You can avail the facility of financing two wheelers from different banks. Under this, you will get a loan at a fixed interest rate. With which you can bring a two wheeler home immediately. So, how much loan interest is there on which bank? Look at the list.
Pnb holy ride scheme
Punjab National Bank (PNB) is running a special scheme called Power Ride for women who buy two-wheelers. In this, loans up to a maximum of Rs 60000 are given. Time of 36 months is given for its payment. The interest rate on the loan under the PNB power ride scheme is RLLR + 1.90%. The RLLR is currently 6.80% per cent in the bank. In this way, the annual interest rate under the scheme will be 8.70 percent. A processing charge is also charged on this, which is 0.50 percent of the loan amount.
PNB Sarathi Loan Scheme
The Sarathi loan scheme is also run by PNB for those who buy bikes or scooters. There is a maximum loan of up to 10 lakh rupees for superbikes / hybrid towers. It takes up to 5 years to repay. The processing fee in the loan is 0.50 per cent + GST of the total amount, which is a minimum of 500 rupees and a maximum of 1000 rupees.
HDFC Bank offers loans ranging from Rs 20000 to Rs 2 lakh on two wheelers. It is given 4 years to repay. Currently, the bank is giving loans on two-wheeler at an interest rate of 20.90 per cent per annum. In this, the processing fee is up to 3 percent of the loan amount. Apart from this, HDFC Bank also offers super bike loans. Under this, loans ranging from 2 lakh to 35 lakh rupees are available. The interest rate on this is 11.99 percent per annum and the repair period is maximum 5 years. Its processing fee is similar to a normal two wheeler loan.
Two types of loans are given by SBI on two wheeler. First, interest is charged at 16.05% per annum on bikes or scooters up to Rs 2.50 lakh. In this, the processing fee is 2% of the loan amount + GST. At the same time, under the second loan scheme, SBI gives loans on super bikes. The interest rate of the loan is 10.25% per annum. In this, you can take a two wheeler worth 2.50 lakh rupees or more. The maximum period for repaying the loan is 5 years.
Also read: This scheme of Post Office will relieve the tension of money, get 5 thousand rupees a month with the investment of only 1000.
Big decision of LIC, now no certificate will be required to withdraw money, this way you will be able to claim