Search in Indianmoney's WealthPedia

Two Wheeler Loan

Tired of waiting to ride your dream bike?
Just avail a two wheeler loan.
Just Leave a Missed Call on 022 6181 6111,
Our Money Doctor will reach you shortly !

Get the best advice on
Two Wheeler Loan

Name

Mobile Number

State

City

I have read and I agree to the Privacy Policy

Two Wheeler Loan

FAQ's Articles News Videos Education Calculator

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Rate us

★
★
★
★
★

4.6 / 5 based on 214 User Reviews

What is a two wheeler loan?

You can avail a two wheeler loan secured against your two wheeler (The two wheeler is the collateral) .You can also avail a two wheeler loan without collateral. Your bank would charge you a higher rate of interest if your two wheeler loan is unsecured.

What are the documents required to avail a two wheeler loan?

You need an identity proof such as a Pan card , Passport , Voters Identity or a Driver's license.
You need an address proof such as a Passport, Voters card, Driver's license, Utility bills (Electricity or a water bill) or a ration card.
You need an income proof such as your last three months salary slip or the Form 16. You might also need to show your bank statements of the last three months.

Ask Money Doctor

Hello friend! I am your personal financial advisor. By the end of this interactive session, I will help you to plan yours and your family's finances to ensure a better future.

Why avail Two Wheeler Loan?

Low Interest

Banks offer two wheeler loans at competitive interest rates. Women borrowers get a discount on the interest rates.

Special Schemes

You get two wheeler loans at a lower rate of interest in the festive seasons.

Easy Documentation

Hassle Free Documentation. The loan is processed within 48 hours. Loan financing up to 85% of on road price of the motor cycle.

Flexible Tenure

Flexible repayment and tenure. No Guarantor or Collateral required for this loan.

Eligibility criteria to avail Two Wheeler Loan

You should be at least 21 years old at the time you apply for the loan, and less than or equal to 65 years at the maturity of the loan.
You should be residing in the city for at least a year. You should be working for at least one year.
You should have a landline number either at your residence or at office.
You need a minimum CIBIL score of 700 for the final sanctioning of your loan.

Key factors to consider for Two Wheeler Loan

Special schemes of a two wheeler loan

You can avail a two wheeler loan at a lower rate of interest in the festive seasons.
Women get a discount on the interest when they avail a two wheeler loan under some special schemes.

Concepts & FAQ's Two Wheeler Loan

Two Wheeler Loan

Financing the cost of a two wheeler is an easy option for the prospective buyers. These loans come with relatively affordable interest rates. Flexible repayment options are available in EMI's with tenure ranging from 12 to 48 months.

The borrower considering his need and financial condition can opt for either type of bike loan :

Secured Two Wheeler Loans
Unsecured Two Wheeler Loans

Secured Two Wheeler Bike Loans : Secured bike loan means loan against security. The loan applicant has to pledge his property like home, land or any other valuable property against the loan taken.

Unsecured Two Wheeler Bike Loan : Unsecured bike loans are not secured against any valuable asset of the borrower whether tangible or intangible.

Ask Money Doctor

Hello friend! I am your personal financial advisor. By the end of this interactive session, I will help you to plan yours and your family's finances to ensure a better future.

Thinking of buying a Two Wheeler Loan ?

To be absolutely sure of WHAT TO LOOK OUT, talk to IndianMoney.com on the phone for FREE financial consultation.

Expert Financial Advisors from IndianMoney.com would provide you unbiased, correct and up to date information so that you can make an informed financial decision.

Frequently Asked Questions

Am I eligible to get two wheeler loans?

If you are salaried individual between 21 and 60 years of age with a monthly income of Rs. 4,500 or a self-employed professional between 21 and 65 with an annual income of Rs. 54,000/- you are eligible for a loan.

What is the maximum loan I can get?

You can obtain finance up to 80% of the vehicle value depending on the make and model of vehicle you choose. Finance on premium segment motorcycles is restricted to 70% of the vehicle value. If you do not have income proof, funding is restricted to 70% of the vehicle value. Additionally your net monthly income should be at least 3 times the Equated Monthly installment.

How is interest rates calculated?

Most private finance companies operate on a flat rate of interest. For example if you take a loan of Rs. 30,000/- for a period of 3 years, you will still be paying interest on Rs. 30,000/- for each of your installments despite having paid of a majority of your principal. Most co-operative and nationalized banks operate on a reducing balance interest rate which takes into consideration the principal amount you have repaid. They are the cheapest option available. Want to understand what kind of interest rates will suit your needs, call us on 080 67974000 and learn from us!

How long does it take for the loan to get approved?

Although in some cases the loan can be approved on the spot, most loans are sanctioned within 48 hour to 72 hours.

Can I get loan without income proof?

Finance up to 70% can be provided without income documents to small business owners and people with clean loan repayment records in the past.

Do I need a guarantor?

Generally no, however in case if you don't meet the Bank's norms then you may be required to have a guarantor to stand surety for your loan.

Do I have the option of pre-paying the entire loan amount?

Yes. You can pre-pay the loan any time after six months of availing of the loan at a nominal pre-closure charge. To know more on Two Wheeler loans, call us on 080 67974000

Get the Best Financial Advice on Two Wheeler Loan Leave a Missed Call @ 022-6181-6111

Two Wheeler Loan Articles

There is no Shortcut to become RICH, But here is a SECRET.Download the IndianMoney App and Be Wise & Get Rich

Read Article

What is a Two-Wheeler Loan?

27 June 2019, Thursday

Banks offer loans to salaried and self-employed to fund the purchase of two-wheelers. Two-wheeler loans are disbursed really fast and require minimal documentation. Two-wheeler loans can be availed to purchase a scooter, motorbike or even luxury bikes. The banks fund up to 100% of the cost of the ve ....

How To Calculate Two Wheeler Loan EMI?

08 November 2016, Tuesday

This is a saying by one of the greatest President’s the United States has ever seen: “Nothing compares to the simple pleasure of a bike ride.” & ....

What is Bancassurance?

07 April 2009, Tuesday

What is Bancassurance? With the financial integration both within the country and globally, insurance is increasingly being viewed not just as a ‘stand alone’ product but as an important item on a menu of financial products that helps consumers to blend and create a portfolio of fin ....

LOAD MORE

Two Wheeler Loan News

There is no Shortcut to become RICH, But here is a SECRET.Download the IndianMoney App and Be Wise & Get Rich

Home News

Hero MotoCorp to hike prices from January

Tuesday, December 10, 2019, 11:57 AM

Two-wheeler market leader Hero MotoCorp on said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January. The price increase will be across a range of two-wheelers and the exact quantum of the hike will vary on the basis of the model and specific market, Hero MotoCorp said in a statement.

BSVI TVS Jupiter Fi launched in India for Rs 67,911

Monday, December 2, 2019, 3:45 PM

Following the launch of BSVI compliant Apache range of motorcycles, TVS now has the BSVI compliant, Jupiter Fi (Fuel-injected) which has been launched in India for the price of Rs 67,911. Jupiter Fi is the second scooter launched in the final quarter first one being the Honda Activa 125 Fi. The BSVI Jupiter Fi is almost Rs 8,000 more expensive than its BSIV variant.

Benelli Imperiale 400 launched in India at Rs 1.69 lakh

Tuesday, October 22, 2019, 3:12 PM

Benelli today launched Imperiale 400 in India for an introductory price of Rs 1.69 lakh (ex-showroom). Available in Red, Silver and Black colour options, the new Benelli Imperiale 400 can be booked for a token amount of Rs 4,000 at any Benelli India dealership or the company website. Benelli Imperiale 400 gets a standard three-year unlimited-kilometre warranty.

LOAD MORE

Two Wheeler Loan Videos

There is no Shortcut to become RICH, But here is a SECRET.Download the IndianMoney App and Be Wise & Get Rich

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Home Videos

Two Wheeler Loan | 4 Tips To Lower Two Wheeler Loan Interest Rate | Fayaz

Two Wheeler Loan | 4 Tips To Lower Two Wheeler Loan Interest Rate | Fayaz

1 Year Ago

Start your Journey to Become Rich with IndianMoney's Financial Freedom App, Download here: https://indianmoney.com/ffa/FmCSZ69pHo

Two Wheeler Loan In Hindi - 4 Tips To Lower Two Wheeler Loan Interest Rate | Fayaz

Two Wheeler Loan In Hindi - 4 Tips To Lower Two Wheeler Loan Interest Rate | Fayaz

1 Year Ago

Start your Journey to Become Rich with IndianMoney's Financial Freedom App, Download here: https://indianmoney.com/ffa/FmCSZ69pHo

ಮನೆ ಸಾಲ ಪಡೆಯುವ ಮುನ್ನ ಕೈ ಸುಟ್ಟುಕೊಳ್ಳಬೇಡಿ! | Should Banks Justify Loan Application Rejection?

ಮನೆ ಸಾಲ ಪಡೆಯುವ ಮುನ್ನ ಕೈ ಸುಟ್ಟುಕೊಳ್ಳಬೇಡಿ! | Should Banks Justify Loan Application Rejection?

1 Year Ago

Start your Journey to Become Rich with IndianMoney's Financial Freedom App, Download here: https://indianmoney.com/ffa/FmCSZ69pHo

LOAD MORE

Two Wheeler Loan Education

There is no Shortcut to become RICH, But here is a SECRET.Download the IndianMoney App and Be Wise & Get Rich

Home Education

What is a Two-Wheeler Loan?

Friday, June 28, 2019, 11:54 AM

Banks offer loans to salaried and self-employed to fund the purchase of two-wheelers. Two-wheeler loans are disbursed really fast and require minimal documentation. Two-wheeler loans can be availed to purchase a scooter, motorbike or even luxury bikes. The banks fund up to 100% of the cost of the vehicle and these loans come with minimum income requirements.

Calculator

There is no Shortcut to become RICH, But here is a SECRET.Download the IndianMoney App and Be Wise & Get Rich

Related Articles

27 June 2019, Thursday

What is a Two-Wheeler Loan?

Banks offer loans to salaried and self-employed to fund the purchase of two-wheelers. Two-wheeler loans are disbursed really fast and require minimal documentation. Two-wheeler loans can be availed to purchase a scooter, motorbike or even luxury bikes. The banks fund up to 100% of the cost of the ve

08 November 2016, Tuesday

How To Calculate Two Wheeler Loan EMI?

This is a saying by one of the greatest President’s the United States has ever seen: “Nothing compares to the simple pleasure of a bike ride.” &

07 April 2009, Tuesday

What is Bancassurance?

What is Bancassurance? With the financial integration both within the country and globally, insurance is increasingly being viewed not just as a ‘stand alone’ product but as an important item on a menu of financial products that helps consumers to blend and create a portfolio of fin

Most Read Articles

18 July 2012, Wednesday

How to Make Claim on a health Insurance Policy?

Formalities for a health insurance claim You can make a claim under a Health insurance policy in two ways: On a Cashless basis and A Reimbursement Claim On a Cashless basis: For a claim on cashless basis, your treatment must be only at a network hospital of the Third Party...

14 March 2014, Friday

ELSS - Utilizing the power of compounding

As the name suggests ELSS invests the whole corpus in equities. Proportions as high as 80-90% of equities are found in an ELSS Fund. It is a special kind of mutual fund that qualifies for tax benefits. Basically Equity Linked Savings Scheme is a mutual fund with a lock in period of three years and...

07 January 2014, Tuesday

Why One Must Never Neglect Estate Planning?

One of the most common reason for family feuds in India as in the rest of the World is faulty estate planning. Estate planning is a neglected topic in India mainly because of the emotions attached to it. A common reason people neglect to make a will or indulge in estate planning in their younger yea...

Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.

Web
Analytics Made Easy - StatCounter