Best Companies For Threewheeler Loan Interest Rates Eligibility How To Apply

Best Agencies for Three-Wheeler Loan, Details, Branch Locator

In today’s ever-developing world, applying for a loan is essentially becoming more accessible than ever. Moreover, taking a loan significantly helps customers manage their finances and go easy with the installments.

With that said, selecting the best source for your loan acquisition is not an easy task. It requires proper research and decision-making. If you are looking forward to applying for a three-wheeler loan, here is your detailed go-to guide with the best available options.

Bajaj Finserv

Bajaj Holdings & Investments Pvt. Ltd., Bajaj Finserv is an Indian financial company. Their primary focus areas include asset management, wealth management, insurance, and lending.

Bajaj Finserv provides a reliable loan service for two and three-wheelers. Let us discuss its features in detail. Bajaj Finserv three-wheeler loans offer Nominal foreclosure charges, which allow applicants to foreclose their loan before the 12th EMI with a fee of only 3% on the outstanding principal. This loan also offers a partial foreclose facility where applicants can reduce the tenor of their due EMI amount and choose to make the part-prepayment of their loan.

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The transparent procedure for these loans ensures that all loan details are provided to the applicant within ten days of availing of the credit facility. Applicants also get an option to avail themselves of an easy pay-in-cash opportunity for Bajaj Finserv three-wheeler loans.

Regarding the eligibility criteria, an applicant must be at least 21 years old while applying and less than 65 years old before the loan tenor ends.

They must have been residents of the same city wherein they are applying for the loan for at least one year and must have an employment record of at least one year. It is also mandatory for the applicant to have a landline number, either at their residence or office.

While applying for Bajaj Finserv three-wheeler loans, applicants must submit documents stating their Address proof, Identity proof, and Income proof. More detailed eligibility guidelines are available on the official Bajaj Finserv website.

The interest rates for the Bajaj Finserv three-wheeler loans depend on the borrower’s profile, location of residence, loan amount, and Bajaj Auto product for which the finance is sought.

Applicants can choose to apply for this loan online via the official website of Bajaj Auto Finance. Or, they could either choose to visit branches of Bajaj Finserv loan dealers. Here is a detailed list of the same:

Bajaj Finserv Offices in India: Bajaj FinServ Branch Locator

Mahindra Finance

Mahindra & Mahindra Financial Services Ltd is among the top financiers in the country. It is a rural Non-Banking Financial Company headquartered in Mumbai. Mahindra Finance’s products and services include Vehicle Financing, Housing Finance, SME Finance, Asset Management, Insurance broking, Fixed deposits, and Mutual fund distribution.

Mahindra Finance’s USP highlights that borrowers can get a three-wheeler loan sanctioned in 2 days with their quick, hassle-free procedure. This loan covers the widest range of options with flexible repayment options and serves the varied customized needs of borrowers.

The multiple features of Mahindra Finance three wheeler loans include flexible repayment options, Hassle-free, fast procedure, Easy documentation process, EMI rebate, Transparent transactions, and reasonable interest rates.

Mahindra Finance's three-wheeler loans' eligibility criteria require applicants to be in 21 to 58 years. In addition, they would need passport-sized photographs, security cheques, KYC documents, and more.

Mahindra Finance determines the interest rates based on Customer profile, Loan tenure, and Borrower’s location.

The Online Application process for Mahindra Finance three-wheeler loans is quick and can be wrapped up in four easy steps. Customers can choose to apply online from the website, Select their product, Get the loan approved and get it sanctioned. For offline applications, here is a list of Mahindra Finance dealers in the country:

Mahindra Finance Offices in India: Mahindra Finance Branch Locator

TVS Credit

As a part of the TVS group, TVS Credit is a trustworthy financial services provider that prioritizes value in its services. Their wide range of thoughtfully designed financial products is aimed at helping millions achieve their goals. TVS Credits’ vision aims at becoming one of the Top 10 NBFCs in the country by creating value for their customers, partners, and employees.

The TVS Credit three-wheeler loan features include benefits such as fast approval and disbursal process, a No-income document scheme, and hassle-free documentation.

The eligibility criteria for applicants include submitting documents such as Age, Address, ID proof, Bank statement, Income documents, and more. The finance amount of the loan is based on the customer profile and the vehicle. At the same time, TVS Credit determines the interest rates based on loan tenure, customer profile, and borrower’s location.

The TVS Credit also allows applicants to calculate the EMI and better understand the financial planning required to arrange. This EMI calculator on the website functions seamlessly, and customers can avail of it by entering basic details such as the Loan amount, the tenure, and the interest rate. If a borrower needs more assistance, the TVS credit website allows more help with a chatbot on the website.

Suppose borrowers wish to place an online application for the TVS Credit three-wheeler loan. In that case, they can fill up a basic loan application form from the website, following which authorized TVS Credit representatives can reach out to them.

For offline procedures, here is a list of TVS credit three-wheeler loan dealers in the country: