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Bank Loans for a Super Bike

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  • #91
    Re: Bank Loans for a Super Bike

    Originally posted by djay99 View Post
    In current market scenario, a floating rate of interest option is a better one (than a fixed) as interest rate would continue to go down in coming months eventually saving money.

    I have always recommended Vijaya bank for 2 wheeler loans because of foll:
    1] They don't have ceiling on 2 wheeler loans as lot of banks have upper limit like 1Lac, 2Lac
    2] They offer 2/4 wheeler loan at same rate of interest. Other banks quote higer interest rate for 2 wheeler loans
    3] Their interest rates are relatively cheaper when compared to other banks
    4] No part payment penalty and zero pre-closure charges
    5] Quick disbursal and at times you can get DD in 2 days.
    It seems we need to have an account with vijaya bank for getting loan? Is it true?Can anybody share bangalore vijaya bank contact?

    Comment

    • #92
      Re: Bank Loans for a Super Bike

      Originally posted by chetan6686 View Post
      It seems we need to have an account with vijaya bank for getting loan? Is it true?Can anybody share bangalore vijaya bank contact?
      If you don't have one, then you can open an account as EMI will be debited from vijaya bank savings account. You can visit nearest bank and talk to manager.

      Comment

      • #93
        Re: Bank Loans for a Super Bike

        I would suggest Central Bank of India. Currently almost the best rate. 10.10% reducing. Upto 10 lacs can be availed for two wheelers. One of the cheapest in my opinion currently.
        Oh no foreclosure, no prepayment penalty.

        P.s- I am strongly associated with the organization so take the advise at your own risk.

        Sent from my XT1033 using xBhp Connect mobile app

        Comment

        • #94
          Re: Bank Loans for a Super Bike

          Friends is Vijaya Bank loan processing so slow? I have applied a loan with them for Yamaha R3. They asked for so many documents. I submitted it last Thursday. Today they say that some address verification needs to be done i.e. somebody will visit my house?? Even for my car loan from SBI it didn't take so much time(verification was done over phone). I will just wait till this weekend , else i will just take a personal loan and get over with it.

          Comment

          • #95
            Re: Bank Loans for a Super Bike

            Patience mate patience
            Cheerio!
            Ride safe \m/

            Bajrapanchi Dui-Chingari 350 (2009)

            Comment

            • #96
              Re: Bank Loans for a Super Bike

              Don't we have some bank folks in xbhp, who can help the needy regarding loans n all.

              Just my thought, never seen anybody coming forward.

              Cheers,
              Sanjay
              http://www.xbhp.com/talkies/touring-queries-route-planning-itinerary/33587-endurance-ride.html

              Comment

              • #97
                Re: Bank Loans for a Super Bike

                Originally posted by jackofsome View Post
                I would suggest Central Bank of India. Currently almost the best rate. 10.10% reducing. Upto 10 lacs can be availed for two wheelers. One of the cheapest in my opinion currently.
                Oh no foreclosure, no prepayment penalty.

                P.s- I am strongly associated with the organization so take the advise at your own risk.

                Sent from my XT1033 using xBhp Connect mobile app
                Slightly OT,what about 4 wheelers?

                Comment

                • #98
                  Re: Bank Loans for a Super Bike

                  Originally posted by SpeedyKol View Post
                  Slightly OT,what about 4 wheelers?
                  I got mine from SBH (State Bank of Hyderabad - an arm of SBI).
                  ROI - 10.15%, no foreclosure/prepayment charges.

                  Loan eligibility (max amount) of course depends upon the salary (slab) you draw.
                  Got a $5 head? Get a $5 helmet.
                  Because everyone who passes, isn't a martyr!

                  Bullet Service Guide CBR 250R Parts Manual Fz16 service manual - https://drive.google.com/file/d/0B1-...VFQmJzakk/view
                  Hero Moto Corp Bikes' Parts RE STD 350 Wiring Diagram (CI) Service Manual - Classic 350/500
                  ZMR parts - https://drive.google.com/file/d/0B-U...it?usp=sharing
                  P200NS Spares' prices - https://docs.google.com/spreadsheet/...taGd5R2c#gid=0

                  Comment

                  • #99
                    Re: Bank Loans for a Super Bike

                    Originally posted by Divya Sharan View Post
                    I got mine from SBH (State Bank of Hyderabad - an arm of SBI).
                    ROI - 10.15%, no foreclosure/prepayment charges.

                    Loan eligibility (max amount) of course depends upon the salary (slab) you draw.
                    I don't earn a salary. [emoji3] It will be bought in the name of my business. I will get the details soon. Just emptied my pockets buying the RC390. Ditched the superbike dream.

                    Comment

                    • #100
                      Bank Loans for a Super Bike

                      Originally posted by Divya Sharan View Post
                      I got mine from SBH (State Bank of Hyderabad - an arm of SBI).
                      ROI - 10.15%, no foreclosure/prepayment charges.

                      Loan eligibility (max amount) of course depends upon the salary (slab) you draw.
                      Is 10.15 reducing or fixed.Is roi different for 100k bikes.I was quoted roi 11.5% fixed with 4k as processing charges by hdfc.
                      Last edited by Motomonster; 11-25-2015, 10:42 PM.

                      Comment

                      • #101
                        Re: Bank Loans for a Super Bike

                        Originally posted by Motomonster View Post
                        Is 10.15 reducing or fixed.Is roi different for 100k bikes.I was quoted roi 11.5% fixed with 4k as processing charges by hdfc.
                        In central bank its reducing 10.10. Does not matter what is the worth of loan taken. 11.5 fxed comes up to almost 18 % n that's robbery.

                        Sent from my XT1033 using xBhp Connect mobile app

                        Comment

                        • #102
                          Re: Bank Loans for a Super Bike

                          Originally posted by SpeedyKol View Post
                          I don't earn a salary. [emoji3] It will be bought in the name of my business. I will get the details soon. Just emptied my pockets buying the RC390. Ditched the superbike dream.
                          The rate of interest is same for 4 wheelers in Central Bank which is now 10.10%

                          Sent from my XT1033 using xBhp Connect mobile app

                          Comment

                          • #103
                            Re: Bank Loans for a Super Bike

                            Originally posted by Motomonster View Post
                            Is 10.15 reducing or fixed.Is roi different for 100k bikes.I was quoted roi 11.5% fixed with 4k as processing charges by hdfc.
                            Reducing. 11.5% fixed is a lot. Try to negotiate if you insist to avail loan from them.
                            Got a $5 head? Get a $5 helmet.
                            Because everyone who passes, isn't a martyr!

                            Bullet Service Guide CBR 250R Parts Manual Fz16 service manual - https://drive.google.com/file/d/0B1-...VFQmJzakk/view
                            Hero Moto Corp Bikes' Parts RE STD 350 Wiring Diagram (CI) Service Manual - Classic 350/500
                            ZMR parts - https://drive.google.com/file/d/0B-U...it?usp=sharing
                            P200NS Spares' prices - https://docs.google.com/spreadsheet/...taGd5R2c#gid=0

                            Comment

                            • #104
                              Re: Bank Loans for a Super Bike

                              The quotation given to me for uni 160 was .
                              30 k downpayment.
                              Emi:3250 for 23 months.
                              Here in Hyderabad on road is 85k .I have approached icici too he also gave a similar quotes for gixxer.at present I am waiting for hornet .

                              Comment

                              • #105
                                Re: Bank Loans for a Super Bike

                                Originally posted by djay99 View Post
                                In current market scenario, a floating rate of interest option is a better one (than a fixed) as interest rate would continue to go down in coming months eventually saving money.

                                I have always recommended Vijaya bank for 2 wheeler loans because of foll:
                                1] They don't have ceiling on 2 wheeler loans as lot of banks have upper limit like 1Lac, 2Lac
                                2] They offer 2/4 wheeler loan at same rate of interest. Other banks quote higer interest rate for 2 wheeler loans
                                3] Their interest rates are relatively cheaper when compared to other banks
                                4] No part payment penalty and zero pre-closure charges
                                5] Quick disbursal and at times you can get DD in 2 days.
                                Dude can you check if the information is current..

                                I spoke with the Vijaya bank, Triplicane Chennai manager ( my parents have an account and had been doing business with them for the past 25+ years)... Was told that the upper limit for 2 wheeler loan is 2L. No loan for super bikes...

                                Comment

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