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List of all fees and charges
| Processing Fees: | Regular and Royal Enfield- Up to 2% of the loan amount or Rs. 5,000/- whichever is lower + applicable taxes Superbikes- Up to 1.5% of the loan amount or Rs. 6,000/- whichever is lower + applicable taxes Trade Advance – Up to 2% of the Sanction amount + applicable taxes |
| Documentation and repayment setup fee | Up to Rs. 1,750/- + applicable taxes |
| Facilitation Fee | Up to 2% of loan amount + applicable taxes |
| Penal Charge/Late Payment Charge (LPC) | Up to 2% per month (p.m.) on overdue EMI + applicable taxes Trade advance - Up to 2% per month (p.m.) on overdue amount + applicable taxes |
| EMI Dishonour/ Bounce Charge*: *A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate | As shown in the table below |
| Loan sanction amount in Rs. | Charges in Rs. |
| < ₹ 5 lakhs | ₹ 500 |
| ₹ 5 - ₹ 50 Lacs | ₹ 1000 |
| > ₹ 50 Lacs - 2 Cr | ₹ 1500 |
| > ₹ 2 Cr | ₹ 2000 |
| Foreclosure Charges: | Up to 5% of principal outstanding + applicable taxes |
| Repayment instrument swap charge (per swap): | Up to Rs. 500/- + applicable taxes (applicable only for branch walk-ins) |
| Document retrieval / Duplicate NOC charges | Duplicate NOC: Up to Rs. 500/- + applicable taxes (Charge is applicable post 3 free copies) |
| Loan Cancellation fee: | Up to Rs. 2000/- + applicable taxes |
| Legal fees and charges: | As per actuals or Up to Rs. 30,000/- whichever is lower + applicable taxes |
| Recovery charges: | As per actuals or Up to Rs. 15,000/- whichever is lower + applicable taxes |
| Auction fees: | Up to 1% of auction sale amount + applicable taxes |
| RC non submission charge: | Up to Rs. 1,000/- per month post 120 days + applicable taxes |
| Field collection service charge: | Up to Rs. 500/- per collection + applicable taxes |
1. Eligibility Requirements :
Applicants must meet age, income, and employment criteria set by the lender.
2. Loan Tenure :
Up to 5 years, allowing flexibility in repayment terms to suit your financial plans.
3. Interest Rates :
Subject to change and depend on the applicant's profile and lender policies.
4. Documentation :
Include valid ID proof, address proof, income proof, and additional two wheeler loan documents as needed.
5. Repayment Terms :
Monthly EMIs must be paid on time to avoid late payment penalties and other Two Wheeler Loan charges.
6. Foreclosure and Prepayment :
Conditions apply concerning charges and notice periods for early loan settlement.
7. Insurance Requirement :
Comprehensive insurance for the vehicle may be mandated as part of the loan agreement.
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