Which bank has the cheapest two wheeler interest rates?

Hello, I’m from Kolkata and planning to buy a Yamaha R15 V2.0. The on-road price here is around Rs 1,30,000/-. I will be paying around Rs 80,000/-. For the remaining amount, I’ll apply for a loan. Which bank/financer has the cheapest interest rates? Please help. Thanks in advance.

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  1. In two-wheeler loan, only private companies are there. like HDFC, Bajaj, Fulletron. etc. As current season is festive season, so during this period, interest rates are slashed, it may be different in different states, in uttarakhand it is 7%. Other to festive season it is around 11-12 %.

  2. If you visit Middle East you will find that almost all the Hotels & Restaurants are provided Free Coffee Percolator Machine & Dispenser with the provision of system of Coffee Powder dispenser ( a plastic jar containing roasted Coffee powder that will release a given limited quantity of the Coffee Powder as programed) a to be fitted on the machine, by renowned Coffee makers like Kenyan Coffee and the machines are designed in such a way only to accommodate the Dispensers provided by the Suppliers can be fitted attached to the Coffee Vending machine.

    Similarly if the Bike Manufacturers are tying up with the Oil Companies to market Bikes they can make huge profit through Royalty.

  3. Cheapest interest rates are with PNB,SBI,Union Bank and other nationalised banks with no hidden charges and waiver of proocessing charges and interest on reducing balance whereas Pvt.banks are charging may be similar interest but with lot of hidden charges like inspection charges
    ,documents charges & even cheque returning charges are as high as Rs.700/-& 2% as prepayment penaltySome pvt.banks are charging flat rate of interest or reducing interest on monthly basis whereas it should be daily reducing balance as per norms.So avoid pvt.banks & choose any of PSU bank or SBI after comparing interest rates among them.