HDFC Bank Two Wheeler Loans

Enclosed below are HDFC Bank Two Wheeler Loan Interest Rates & Charges

Here is the list of all the charges applicable to your Two Wheeler Loans.

Description of Charges	Two Wheeler Loans
Loan Processing Charges	Maximum – 3% of Loan Amount
Documentation Charges	Maximum – 3% of Loan Amount
Pre-payment charges	Within 4 months to 6 months from the 1st EMI – 10% of principal outstanding Within 7 months to 12 months from the 1st EMI – 6% of principal outstanding 13-24 months from 1st EMI – 5% of principal outstanding Post 24 months from 1st EMI – 3% of principal outstanding Prepayment is not allowed within three months of EMI repayment
No Due Certificate / No Objection Certificate (NOC)	Nil
Overdue EMI Interest	2.5% Per Month on the Unpaid Installment
Stamp Duty	At actuals as levied by respective State Govt.
Cheque Bounce / EMI return charges	Rs 500/-
Loan cancellation charges:	NIL (However client would be charged interest for the interim period between date of loan disbursement to loan cancellation and Processing fees, Documentation charges & Stamp Dutystamp duty (A tax levied on documents, stamp duty applies to documents like cheques, receipts, licenses and transaction records.) applies to documents like cheques, receipts, licenses and transaction records. would be retained.)
Legal, Repossession & Incidental charges (Incidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer.)	At actuals
Duplicate NOC	Rs. 500/- per request
CIBIL Charges (only on request)	Rs. 50
PDD Collection Charges	Up to Rs.450/-
Cheque/ECS swapping Charges	Rs 500/-
Amortization Schedule Charges	Rs 200/-
Special NOC Charges	Rs 500/-
Loan Rebooking/Reschedulement Charges	Rs 1000/-

Rates offered to customer during the period of Oct’19 to Dec’19

Product	Average
	Min IRR	Max IRR	Avg IRR
SUPER BIKE TWO WHEELER LOAN	9.10%	15.99%	11.73%
TWO WHEELER LOAN	10.50%	28.25%	19.00%

Annual Percentage Rate offered to customer during the period of Oct’19 to Dec’19

Product	Average
	Min APR	Max APR	Avg IRR
SUPER BIKE TWO WHEELER LOAN	9.10%	17.83%	11.90%
TWO WHEELER LOAN	10.65%	34.19%	20.11%

Note: The above charges are the maximum charges applicable for each type of charge.

* Charges which are in nature of fees are Exclusive of applicable Government taxes and other levies.
Applicable Government taxes and other levies, would be charged additionally.

Loan Processing fees, Documentation charges and Stamp Duty applies to documents like cheques, receipts, licenses and transaction records.is non-refundable.

PDD Collection Charges are refundable in case of loan cancellation.