Explore catalogue loan products, compare planning estimates and read lender-linked reviews. Rates, eligibility and conditions need checking with each lender.
No verification date is recorded for this catalogue. These are planning examples, not confirmed current offers. Check lender sources and product limits before deciding.
4 Catalogue products · Sorted by catalogue starting rate
| Bank and product | Interest Rate | Benchmark spread | Maximum term | Processing fee | Actions |
|---|---|---|---|---|---|
Bajaj Finserv | 11.99% - 19.00% p.a. on reducing | Fixed Rate | 5 years (60 months) | 3% (cap ₹4,500) + 18% GST | |
TVS Credit Services | 12.50% - 18.50% p.a. on reducing | Fixed Rate | 4 years (48 months) | 2.5% (cap ₹3,500) + 18% GST | |
Hero FinCorp | 13.00% - 22.00% p.a. on reducing | Fixed Rate | 4 years (48 months) | 3% (cap ₹3,500) + 18% GST | |
HDFC Bank | 14.50% - 21.00% p.a. on reducing | Fixed Rate | 4 years (48 months) | 2.5% (cap ₹3,000) + 18% GST |
Two-wheeler financing is delivered by retail scheduled commercial banks and specialized NBFCs. Loans are generally structured on reducing balance rates pegged to 1-year MCLR or fixed matrices. Borrowers should always verify that the quoted rate is on reducing balance rather than a deceptive flat interest calculation.
Floating rate two-wheeler loans to individual retail borrowers carry zero prepayment penalty under RBI Master Directions. For fixed-rate loans issued by NBFCs, foreclosure charges typically range from 2% to 3% of the outstanding principal balance after a mandatory lock-in period of 3 to 6 months.
Personal commuting two-wheelers do not qualify for direct income tax deductions. However, gig delivery executives, independent professionals, and commercial delivery fleets can write off two-wheeler loan interest and fuel/maintenance expenses as operational business deductions.
Under RBI Master Directions, individual retail borrowers paying floating interest rates on home, auto, and personal credit lines are legally protected against any foreclosure or prepayment penalty.
Commercial banks must price retail credit off external benchmarks like the RBI Repo Rate (EBLR). Spread adjustments are strictly governed and cannot be arbitrary during the loan tenure.
CredSutra factors in Day-1 upfront cash outlays, including processing charges, 18% GST, and valuation fees alongside lifetime compounding interest for 100% objective cost discovery.
No verification date is recorded for this catalogue. These are planning examples, not confirmed current offers. Check lender sources and product limits before deciding.