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WebDec 27, 2024 · Normally banks/NBFCs give 3 to 6 month to original buyers to reclaim a vehicle. Generally these recovered bikes spend 3 to 6 months in stock yard before auction initiation. In case, original buyer unable to pay the loan or minimum dues, a lander bank/NBFC decides to auction a recovered vehicle in order to recover the loan amount. WebAt your request, you are being re-directed to a third party, site. Please acknowledge the disclaimer before proceeding further. You are about to access a third party site, the accuracy or completeness of information, materials, cervices or the reliability of any service, advice, opinion, statement or other information displayed or distributed through it, lnduslnd Bank … WebBike Loan Interest Rate. The bike loan interest rate in India usually range between 6.85% - 28.30% per annum. The below table gives a comparison of interest rates, processing fees, prepayment, and foreclosure charges offered by various Banks and NBFC's. holiday express mont tremblant