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BAJAJ FINSERV DIRECT LIMITED

✓ Interest Rates Starting @ 0.99% p.a. ✓ Up to 100% Financing ✓ Repayment Tenure of up to 5 Years

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Two-Wheeler Loan

Compare lenders and their terms and get a two-wheeler loan online on Bajaj Markets. Get up to 100% funding with a flexible repayment tenure of up to 60 months. Additionally, secure competitive interest rates starting at 0.99% p.a. with an easy application process.

Interest Rate 0.99% p.a.* Onwards

Loan Tenure Up to 5 Years

Loan Amount Up to 100% of Bike

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Old Two Wheeler Loan

Overview

Understand how a two-wheeler loan helps you buy a bike or scooter with easy EMIs, flexible tenures and simple documentation. Scroll down for eligibility, interest rates, benefits and the step-wise application process.

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Compare Two-Wheeler Loans Offered by Top NBFCs

A two-wheeler loan provides financial assistance to purchase a bike or scooter without the need for a full upfront payment. The bike loans available on Bajaj Markets come with flexible repayment options, competitive interest rates, and a hassle-free application process.

This makes it easier for you to own your dream scooter or bike without straining your finances.

Our Partners	Maximum Loan Amount	Minimum Interest Rates	Maximum Loan Tenure	Processing Fees
Bajaj Auto Credit Ltd View Details	LTV - 98%	6.65%	60 months	3%
L&T Finance View Details	LTV - 100%	6.99%	48 months	5%
Muthoot Capital View Details	₹3 Lakhs	0.99%	48 months	4%

Our Partners

Maximum Loan Amount

Minimum Interest Rates

Maximum Loan Tenure

Processing Fees

Bajaj Auto Credit Ltd

View Details

LTV - 98%

6.65%

60 months

L&T Finance

View Details

LTV - 100%

6.99%

48 months

Muthoot Capital

View Details

₹3 Lakhs

0.99%

48 months

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

It is important to thoroughly evaluate the bike loan interest rate before you choose a lender. The lower the interest rate, the lower your EMIs will be. Check the interest rates charged on two-wheeler finance available on Bajaj Markets and apply now.

Two-Wheeler Loan EMI Calculator

Before applying for bike finance, you need to check your monthly bike EMIs for various loan amounts and interest rates.

Your Personal Loan EMI

₹ 1,887

Total Interest Amount

₹ 13,227

Principal Amount

₹ 1,00,000

Total Payable Amount

₹ 1,13,227

Loan Amount

Interest Rate

- +

Tenure

- +

Apply Now

Things to Know About Two-wheeler Loans

Interest rates, tenures, & down payment...Confused? Watch the video

Features and Benefits of Two-wheeler Loan

High LTV Ratio

You can purchase your bike without making any upfront payment. This includes the cost of RTO registration, road tax, insurance, and so on.

This is because the loan-to-value (LTV) ratio offered to you can go up to 100%.

Competitive Interest Rates

Apply for a two-wheeler loan online on Bajaj Markets and choose from offers provided by various lenders across India.

This enables you to benefit from some of the lowest interest rates, starting from just 0.99% p.a.

Low Foreclosure Charges

You can foreclose your personal bike loan ahead of maturity for a nominal fee of up to 4% of the loan amount.

Note that you will only be charged if you choose to do so before the 12th EMI. You can also opt for part-payment.

Pre-approved Offers

On Bajaj Markets, you will also get to choose from many customised pre-approved two-wheeler loan offers. That way, you will be able to compare them and then choose the right option for you.

Two-Wheeler Loan Eligibility Criteria

To get a two-wheeler loan from Bajaj Markets, you must adhere to some eligibility requirements set by different partner lenders. Here are details of the eligibility criteria for all partners, depending on whether you are a salaried or self-employed individual.

Lenders	Criteria	Salaried Individuals	Self-employed Individuals
Bajaj Auto Credit	Age	21-65 years	21-65 years
	Work Experience	Employed with the same firm for at least 3 years	Business proof of successful operations for the last 2 years
	Location	You must be a resident of the same city for the last 1 year	You must be a resident of the same city for the last 1 year
	CIBIL Score	A CIBIL Score of 750 or more
L&T Finance	Nationality	Indian Citizen	Indian Citizen
L&T Finance	Age	18-65 years	18-65 years
Muthoot Capital	Age	18-65 years	18-65 years
Muthoot Capital	Salary	Minimum salary of ₹96,000 per year	Minimum income of ₹1.2 Lakhs per year

Documents Required for Two-Wheeler Loan Application

To get a bike loan on Bajaj Markets, you need to provide certain documents along with meeting the eligibility criteria. These include proof of income, proof of address, and proof of identity. However, some issuers may require additional documents depending on their specific terms and conditions.

Lenders	Details
Bajaj Auto Credit	ID proof: Aadhar card, PAN Card, Voter ID, Passport, etc. Address proof: Aadhar card, Voter ID, passport, Driving licence, rent agreement, utility bills, etc. Income proof: For salaried individuals- Last 3 months' salary slips and Form 16 For self-employed individuals- ITR certificate
L&T Finance	PAN card, Aadhar card, bank statements, proof of residence
Muthoot Capital	ID proof: Aadhar card, Voter ID, Passport, driving licence, etc. Address proof: Aadhar card, Voter ID, passport, Driving licence, ration card Income proof: bank statements, salary slips, ITR filings, form 16 Asset proof: house, land, or building tax receipt Recent passport-size photograph(s)

How to Choose the Right Two-Wheeler Loan

Here are simple tips to help you get a bike loan online that suits your needs and preferences:

Compare Interest Rates

Explore and compare interest rates from multiple lenders to ensure you get the most affordable deal. Lower interest rates mean smaller EMIs and reduced overall repayment costs.

Understand the Terms and Conditions

Carefully read the loan agreement to understand hidden charges, prepayment penalties, or late payment fees. Ensure the terms are transparent and fair.

Consider Repayment Flexibility

Opt for a loan with flexible repayment tenures that align with your financial situation, allowing manageable monthly instalments.

Assess the Total Loan Cost

Look beyond the interest rate and calculate the total loan cost, including processing fees and other charges, to make an informed decision.

How to Apply for a Two-Wheeler Loan Online at Bajaj Markets

The process of applying for a two-wheeler loan online through Bajaj Markets is fairly easy. Simply follow the steps below.

Click on the ‘Check Offer’ button

Click on the ‘Check Offer’ button and start the journey to purchase your dream bike

Fill in the Basic Details

Fill in details pertaining to your identity and address

Choose Your Bike and the Amount You Need

Feed information like the bike details and the loan amount you need

Submit Details

Submit your applications, a representative will call you to take things forward

Why choose Bajaj Markets to Apply for a Bike Loan Online

You can apply for a bike loan on Bajaj Markets to enjoy flexible terms from several partner lenders. Below are some key reasons to consider a bike loan, ensuring a smooth and straightforward buying experience.

Get up to 100% of the bike's on-road value
Interest rate starts at 0.99% p.a., with various loan offers
Flexible repayment tenure of up to 60 months
Use the EMI loan calculator to estimate monthly payments
Fast loan approval and disbursal with minimal documentation

Frequently Asked Questions

Can I get a 100% bike loan?

Yes. You can get up to 100% of the bike amount as a two-wheeler loan from various lenders available on Bajaj Markets.

Can anyone get a 2-wheeler loan?

Anyone can apply for an online bike loan as long as they are salaried, self-employed, or have a stable income source. The applicant needs to be at least 18 years old and earn a specified minimum monthly income with stable employment.

To qualify for a bike loan on Bajaj Markets, you need to meet these basic criteria.

Do I need a guarantor for a two-wheeler loan?

If you fulfil the two-wheeler loan eligibility criteria, you will not need a guarantor. However, if you think that you do not meet the criteria, you can get on board. You can also present a guarantor to simply increase your chances of getting the loan.

What’s the minimum CIBIL score I need to get a two-wheeler loan?

An ideal CIBIL score of 750 or above can help improve your chances of getting an online two-wheeler loan from Bajaj Markets. However, there is no fixed credit score requirement, especially in the case of secured loans like two-wheeler loans.

What are the minimum and maximum tenures of a two-wheeler loan?

The minimum tenure for a two-wheeler loan is 12 months, while the maximum tenure is generally 60 months. This repayment period may vary from one financial institution to another, so ensure to check with your lender prior to applying.

Can I prepay my two-wheeler loan? How does prepayment help?

Yes. You can pay the entire outstanding amount before the end of the tenure. It helps in closing the debt faster and saving on interest costs. Prepayment often incurs additional charges ranging between certain percentages of the outstanding loan amount.

How do I know if I am eligible for a two-wheeler loan?

Check how well you meet the eligibility criteria set by the lender you wish to get a two-wheeler loan from. This will help you estimate whether you are eligible for the loan.

To improve your chances of getting the loan at favourable interest rates, ensure the following:

A steady source of income
Stable employment
A good CIBIL score

Do I need to make a down payment or pay margin money?

Some lenders like L&T Finance offer up to 100% of your bike’s on-road value as a loan. In such cases, you are not required to make any down payment. This is subject to the lender’s policies and your eligibility.

How long will it take to process the loan?

The time taken to process the loan depends on the lender you wish to get the loan from. Usually, it can take 2 to 3 business days. However, some lenders do offer instant approval.

How to reduce the processing fees on your bike finance?

You can reach out to your chosen lender and negotiate for better loan terms on the grounds of having a strong credit profile or stable income. This includes the processing fee as well. However, do note that this is dependent on the lender’s policies.

Who provides two-wheeler loans on Bajaj Markets?

Lenders like Muthoot Capital, L&T Finance, and Bajaj Auto Credit offer bike loans on Bajaj Markets.

Does this loan need security or collateral?

This loan typically does not require collateral or security. When you purchase a two-wheeler, you do not need to provide any collateral to secure the loan.

How do I check my loan application status?

Reach out to your chosen lender’s customer service team or the official website to check the application status of the loan.

What is the minimum and maximum age criteria for a 2-wheeler loan?

If you are in the age bracket of 18-65 years, you can apply for a two-wheeler loan.

Can I foreclose my bike loan?

Yes, you can foreclose your two-wheeler bike loan. However, you may be required to pay some penalty as foreclosure fees.

Can I get a bike on EMI?

Yes, there are numerous options for you to purchase a bike on EMI. You can visit financial marketplaces (online) or institutions (online or offline) to apply for bike finance.

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Two-Wheeler Loan

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Overview

Compare Two-Wheeler Loans Offered by Top NBFCs

Two-Wheeler Loan EMI Calculator

₹ 13,227

₹ 1,00,000

₹ 1,13,227

Things to Know About Two-wheeler Loans

Features and Benefits of Two-wheeler Loan

High LTV Ratio

Competitive Interest Rates

Low Foreclosure Charges

Pre-approved Offers

Easy Repayment Options

Flexible Repayment Tenure

Minimal Documentation

No Hidden Charges

Two-Wheeler Loan Eligibility Criteria

Documents Required for Two-Wheeler Loan Application

How to Choose the Right Two-Wheeler Loan

Compare Interest Rates

Understand the Terms and Conditions

Consider Repayment Flexibility

Assess the Total Loan Cost

How to Apply for a Two-Wheeler Loan Online at Bajaj Markets

Why choose Bajaj Markets to Apply for a Bike Loan Online

Frequently Asked Questions

Can I get a 100% bike loan?

Can anyone get a 2-wheeler loan?

Do I need a guarantor for a two-wheeler loan?

What’s the minimum CIBIL score I need to get a two-wheeler loan?

What are the minimum and maximum tenures of a two-wheeler loan?

Can I prepay my two-wheeler loan? How does prepayment help?

How do I know if I am eligible for a two-wheeler loan?

Do I need to make a down payment or pay margin money?

How long will it take to process the loan?

How to reduce the processing fees on your bike finance?

Who provides two-wheeler loans on Bajaj Markets?

Does this loan need security or collateral?

How do I check my loan application status?

What is the minimum and maximum age criteria for a 2-wheeler loan?

Can I foreclose my bike loan?

Can I get a bike on EMI?

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