alexa

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

I have read and I agree to the Privacy Policy
 
Two Wheeler Loan

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

Rate us
4.7 / 5 based on 203 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.

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.

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

 

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

Google Play
Read Article

Financial Inclusion And The Way Forward

21 April 2016, Thursday    

You love your nation. You want to see it progress and grow. For the growth and progress of the nation, you need a very essential ingredient….Financial Inclusion. So what is financial inclusion? Financial inclusion seems a word too difficult to understand. It is actually simple. Financia ....

Ways To Build A Good Cibil Score On First Job

16 April 2016, Saturday    

You had a great college life. You had everything you needed except money. You had to beg your parents for pocket money. Now you have just got your first job and you have your own money. You just want to buy everything you ever wanted. Designer clothes, sneakers, a fast bike and the latest smart phon ....

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.”                       & ....

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

Google Play
 
Home News
 

Ducati Monster 797 Plus Launched In India; Priced At Rs 8.03 Lakh

Saturday, June 9, 2018, 4:47 PM

The Ducati Monster range celebrates its 25th anniversary this year. And what better way to celebrate than bring out a new variant of the beginner-friendly Monster-797. Yes! Ducati India has launched a new variant of the 797 called the 797 Plus at price of Rs.8.03L. The good thing is that the price of the Monster-797 Plus is exactly the same as the standard Monster-797.

Bookings for BMW G 310 GS, G 310 R to start from 8 June

Wednesday, June 6, 2018, 6:20 PM

BMW Motorrad India on Wednesday said it will commence-bookings for its upcoming bikes BMW G-310 R and BMW G-310 GS from 8 June 2018. The booking amount for BMW G-310 R and G 310 GS has been fixed at Rs 50,000. Deliveries of the bikes would be done on first come first serve basis as per orders, BMW Motorrad India said in a statement.

Ather launches e-scooter priced at Rs 1.24 lakh

Tuesday, June 5, 2018, 7:12 PM

Electric two-wheeler startup Ather Energy today launched its flagship electric scooter model Ather 450 priced at Rs 1.24 lakh (on road). The company also introduced Ather 340 at Rs 1.09 lakh. Ather 450 is designed for city riding conditions and comes with a top speed of 80 km/hr and a range of 75 km. It can go from 0-40 km/hr in 3.9 seconds.

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

Google Play
 

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

Home Videos
Loan लेने से पहले, खुद से पूछे ये 5 सवाल? | 5 things to know before taking any Loan (Hindi)

Loan लेने से पहले, खुद से पूछे ये 5 सवाल? | 5 things to know before taking any Loan (Hindi)

6 Years Ago

Start your Journey to Become Rich with IndianMoney's Financial Freedom App, Download here: https://indianmoney.com/ffa/FmCSZ69pHo   We all borrow money once in a while, sometimes from friends and a lot of times from family But when a serious loan requirement comes up you need to ask yourself a couple of questions to realize do you actually need to take up this loan, if yes how much and what will be other minute details that you should consider before taking it Watch this video to get answers to all your questions
Loan Moratorium in Telugu - How Taking Loan Moratorium Will Impact Your Future EMIs | Kowshik Maridi

Loan Moratorium in Telugu - How Taking Loan Moratorium Will Impact Your Future EMIs | Kowshik Maridi

6 Years Ago

Start your Journey to Become Rich with IndianMoney's Financial Freedom App, Download here: https://indianmoney.com/ffa/FmCSZ69pHo   Has the COVID-19 crisis affected your immediate cash flows or your financial commitments? Are you fnding difficult to pay your EMI or your loan repayments? Then, Loan Moratorium is the best option to avail for you. Loan Morotorim is nothing but postponing your EMI's. During Covid-19 crisis many of us have faced job losses and pay cuts. Hence, on March 1st, 2020, Reserve Bank of India had announced a 3 month moratorium (1st March, 2020 to 31st May, 2020) to relax the financial burden on individuals and corporate professionals which resulted as a biggest relief to many. Recently, the RBI has decided to extend the same loan EMI moratorium for 3 more months till Aug 31st, 2020. Watch the video to know how taking loan moratorium will impact your future EMI's?
Things to Check Before Taking a Loan From Loan Apps

Things to Check Before Taking a Loan From Loan Apps

6 Years Ago

Start your Journey to Become Rich with IndianMoney's Financial Freedom App, Download here: https://indianmoney.com/ffa/FmCSZ69pHo   We all receive texts, calls and emails offering instant loan facility. Now a days there are a number of loan apps, which will lend you money if you are in need of it. The entire loan process starting from submitting the application to transferring the fund to your account can be completed digitally. However, easy access should'nt be the only criteria you check while taking a loan. Most of them commit this mistake of availing instant loans without doing a thorough study about how it works. So if you don't wish to be one among them, then watch this video by the financial expert C S Sudheer, to know about the key factors to be checked before taking an instant loan digitally

LOAD MORE
 

Calculator

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

Google Play
CIBIL Meter
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.