What's special about us
Zero Charges on 28 Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Loans on pre-owned two wheeler available with our Repurchase Offering
Cash loan against your existing two wheeler also available with our Refinance Offering
Loans on pre-owned two wheeler available with our Repurchase Offering
Cash loan against your existing two wheeler also available with our Refinance Offering
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Avail cash loan upto 150% of your TW value under our refinance offering
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Avail loan upto 90% of your pre-owned TW value under our repurchase offering
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Paperless journey
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Instant loan only basis KYC
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Avail cash loan upto 150% of your TW value under our refinance offering
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Avail loan upto 90% of your pre-owned TW value under our repurchase offering
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Paperless journey
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Instant loan only basis KYC
Pre Owned Two Wheeler Loans
Owing a pre-owned two wheeler is hassle free now. IDFC First Bank presents a range of options available for our pre-owned two wheeler customers at attractive interest rates.
Our pre-owned two wheeler loan EMI calculator will help you to plan your finances, what’s more “Take home your dream two wheeler at affordable prices!” Get started with an IDFC Bank Pre-Owned Two-Wheeler Loan today. Click on apply now.
Segment interest rates for various loan amounts:
Commuter segment - Starting at 20%*
Mid premium - Starting at 19.99%*
Premium segment - Starting at 12%*
CALCULATOR
Pre Owned Two Wheeler Loan EMI Calculator
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Tanmaya Kumar Nayak
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Arun
"Would like to get everyone's attention for a while to let them know that I had a buttery smooth process and a great experience for my Superbike pre owned 2 wheeler loan. IDFC bank and their officials were very co-operative for the whole process and the loan was sanctioned very quickly. I would thoroughly recommend everyone to go ahead with IDFC bank for any of the loans. Thank you."
ELIGIBILITY
FEES & CHARGES
Know about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
Why apply for a pre-owned two wheeler loan and how can I get one?
A pre-owned two wheeler loan helps you purchase a used two wheeler of your choice, and pay for it in equated monthly instalments (EMIs). Our loans are available for both salaried and self-employed individuals.
IDFC FIRST Bank provides a pre-owned two wheeler loan on easy terms; all you have to do is - fill in the application form through our mobile app or website and, if eligible, you can get an approval instantly. Our Sales Officer at empaneled dealerships will get in touch with you shortly for further processing. Alternatively, you can also walk into any of our partner pre- owned two-wheeler showrooms, where our representative will help you complete all required formalities, and inform you if you are eligible for a loan on the spot. Once your loan application is approved, you can ride out with a two-wheeler of your choice.
Do I need to make a down payment or pay margin money on pre-owned two wheeler loan?
Yes, but be rest assured that at IDFC FIRST Bank, the down payment for a pre-owned two wheeler loan is just a small amount you need to pay at the vehicle dealership, and is only the difference between on the on-road price of the two wheeler amount and the loan sanctioned to you. Once you get a pre-owned two wheeler loan online approval, you will be able to get up to 90% of the vehicle's cost as a loan at our best pre-owned two wheeler loan interest rate. This ensures that the down payment or margin money is always a small component and will not come in the way of you becoming the owner of your favourite two wheeler.
Do I need a guarantor?
NO gurantor is required, a co-applicant is required if the applicant is between 18-21 years
How long will it take to process the loan?
Decision on the customer loan will be within 2 minutes , also we have an online wesbite jounrey where customer can sel fulfil and get an approval instantly.
If I don’t have an account with IDF FIRST Bank, can I still avail of Two Wheeler Loan?
Yes, you can still avail a two wheeler loan from IDFC FIRST Bank.
How do I know if I am eligible for a pre-owned two wheeler loan?
We carry out an assessment and inform you whether you meet our eligibility criteria so you can get access to our best two wheeler loan interest rate. You should ideally meet the following criteria: You should be above 21 years of age (18 years with co-applicant). You should have been in employment for at least 6 months or been running a business for at least 2 years.
Can I receive a pre-owned two wheeler loan online?
Yes, it is possible to obtain a pre-owned two wheeler loan online approval. We also offer one of the best pre-owned two wheeler loan interest rates in the industry. You can either visit our website here and fill in your details. We will check if you are eligible for our pre-owned two wheeler loan interest rate, and provide you with an approval instantly, if eligible.
Do I need to visit an IDFC FIRST Bank branch to get a pre-owned two wheeler loan?
You don't need to visit our branch to get access to our best pre-owned two wheeler loan interest rate. We are present at all major dealerships in cities across India and our representative present there will be glad to help you. Our decision on your application is processed instantly so that you can get possession of your vehicle without delays. You also have the option to apply for the loan through our website or mobile app wherein you get a pre-owned two wheeler loan online approval instantly. Our Sales Officer at empaneled dealerships will get in touch with you shortly post approval for further processing. Alternatively, you can also walk into any of our partner pre-owned two-wheeler showrooms
What is the pre-owned two wheeler loan repayment process?
You will need to repay your pre-owned two wheeler loan through Equated Monthly Instalments or EMIs, wherein you pay a fixed amount each month, until your loan is repaid. Every instalment of the loan that you repay will be partly made up of principal repayment and partly of interest payment. Once you complete your loan repayment, you can apply for the removal of hypothecation on your vehicle and you will gain complete ownership.
What is hypothecation?
Hypothecation is the process wherein you pledge the ownership of your vehicle to the lender. Once you take a vehicle loan, the hypothecation request is submitted to the regional transport officer with the loan details. Even though the vehicle's ownership remains with the lender, your name and address are mentioned in the vehicle's RC book. It means you will be legally liable for everything related to the vehicle. Once you have completely paid your loan off, you should get the hypothecation removed. You cannot sell your vehicle without removing it.
What are different modes of payment ?
You can make a payment online through the IDFC FIRST Bank Mobile App, UPI, Net Banking, Cash at the branch or through standing instructions/NACH
What are the touch points of contacts for customers post disbursement of loan?
You may reach us at IDFC FIRST Bank Branch or Loan Centre, Our customer service number 1800 10 888 or through our chatbot on the IDFC FIRST Bank Mobile Banking App
