Hdfc

To be eligible for a HDFC Two Wheeler loan, you need to:

Be a salaried or self-employed individual. Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenor). Earn a minimum gross income of Rs. 54,000/- p.a., if you reside in Mumbai, Delhi, Chennai, Bangalore, Calcutta, Pune and Rs. 42,000/- p.a. for all other cities. Reside for at least 1 year in the city. Reside for at least 1 year at the given residence address (in case of transfer from other location with less than 1 year at current location - please provide relevant documents to the bank during loan approval stage). Be working for at least 1 year. Have a phone at your residence or office.

If you are eligible for a HDFC Bank Two Wheeler Loan, you can apply simply by submitting just the following documents:
Proof of Identity: Any one of Passport Copy/ Photo Credit card- front & reverse/ Voters ID card/ Driving License/ PAN card/ Copy of Company ID card of MNC/ Public Ltd./ PSU/ Govt. company/ Ration Card (If Photo is given). Address Proof: Any one of Passport Copy/ Voters ID card/ Driving License/ Rental agreement/ Telephone Bill/ Electricity bill/ Gas Connection Bills/ Ration Card/ Sale deed/ Property purchase agreement/ Credit Card billing statement (latest)/ LIC policy/ Letter from Company or Company provided Accommodation (List of the company's as per the Banks List- ID card of MNC/ Public Ltd.,/ PSU/ Govt. Company Containing the residence address), Address proof in the name of the applicant's Spouse or parents name is acceptable. Income Proof: For Salaried : Latest Salary slip for Govt. employees; If Salary slip is not available, Only salary certificate to be accepted with deductions, For Partnership/ Proprietary firms & Pvt. Ltd. Co's- Salary Certificate to be accepted with the following mitigants: Salary Certificate to clearly state the deductions, Name & Designation of the authorized signatory. For Self-Employed: Copy of the latest I. T. return.

Icici
Service Charges for Existing Loans

Description of Charges Amortisation Schedule Charges Charges for late payment (loans) Cheque return charges Cheque Swap Charges Duplicate NOC Charges Prepayment Statement Charges Prepayment Charges

Two Wheeler Loans Rs. 200/- per Schedule 2% per month on the outstanding installment Rs. 200/- per Cheque return Rs. 500/- per transaction Rs. 200/- per NOC Rs. 100/- per Statement Lower of the two amount given below: 1) 4% of principal outstanding or 2) Interest outstanding for unexpired period of the

loan Revalidation of NOC charges Non Refundable Loan Processing Fees Statement of Account Charges Prepayment Options Charges for changing from fixed to floating rates of interest Charges for changing from floating to fixed rates of interest Rs. 200/- per NOC 0.25%* Rs. 200/- per Statement Part prepayment of the loan is not allowed Prepayment is allowed after 6 months from the disbursement of the loan Not Applicable Not Applicable

Note : 1) Service Tax and other Government tax, levies, etc applicable as per the prevailing rate may be charged over and above these charges at the discretion of ICICI Bank. 2) The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over the site. 3) Interest Reset clause: Not Applicable.

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Features & Benefits Easy Payment option Direct debit from Indusind Savings/ Current Account or Post dated cheques

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Eligibility Salaried Individual (SI): You should be employed for a minimum of 3 years and with the current employer for a minimum period of 1 year. Your minimum gross salary should be Rs.8,000/- per month Your net monthly take-home salary should be at least 3 times of the monthly installment. You should be within 60 years of age. You should be residing at the current address for a minimum of 2 years. Self Employed Professional/ Non-Professional (SEP/SENP): You should be in business for a minimum of 3 years and in current business for a minimum period of 2 years. Your minimum profit should be Rs.1,00,000/- p.a. You should be within 60 years of age. Your current place of residence should be occupied for a minimum of 2 years.

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Documentation Age proof Identity Proof. Proof of Residence.

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Salary slips for the last 3 months (SI) / copies of Income Tax Return and computation of Income for the last 2 years as filed (SEP/SENP) and Balance Sheet & Profit and Loss accounts duly audited. Form 16 for latest year Proof of two years of employment. Last 6 months bank statement of the salary credit account along with all/any other bank accounts held (SI) / of primary bank account (SEP/SENP). Proof of Business (SEP/SENP). Telephone bill of office & residence . Application Form duly filled / recent passport size photograph affixed Any other relevant documentation that would be sought by the Bank depending upon your specific profile