Two Wheeler Loan
Get Riding Today with 100% Funding
Finance your dream motorcycle or scooter with ease. We offer competitive interest rates starting at 7.00% p.a. and flexible repayment tenures up to 60 months.
- Rates from 7.00% p.a.
- 100% On-Road Funding
- Tenure up to 5 Years
- Pre-approved Offers
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Two Wheeler Loan Interest Rates
Compare the interest rate ranges and processing fees of major banks and NBFCs for your new two-wheeler.
| Bank / NBFC | Interest Rate (p.a.) | Processing Fee | Max Funding |
|---|---|---|---|
| State Bank of India (SBI) | 11.90% - 16.45% | 1% of loan amount + GST | Up to 85% of On-Road Price |
| HDFC Bank | 14.50% - 21.00% | Up to 2.5% + GST | Up to 100% of On-Road Price |
| Axis Bank | 11.00% - 22.00% | Up to 2.5% + GST | Up to 100% of On-Road Price |
| L&T Finance | 9.99% - 24.99% | Standard NBFC charges | Up to 100% of On-Road Price |
| Bajaj Auto Finance | 10.50% - 26.00% | Up to 3% + GST | Up to 100% of On-Road Price |
Eligibility and Documents
Ensure you meet the basic criteria and have the necessary documents ready for a smooth application.
Eligibility Criteria
- Age: Minimum 21 years; Maximum 65 years at loan maturity.
- Income: Minimum ₹1,20,000 p.a. for salaried; ₹1,50,000 p.a. for self-employed.
- Employment: Salaried with minimum 1 year of total experience.
- Residence: At least 1 year at the current address.
Documents Required
- Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID.
- Address Proof: Utility bill, Rental agreement, or Passport.
- Income Proof: Last 3 months' salary slips and 6 months' bank statements.
- Vehicle Details: Proforma invoice from the authorized dealer.
Frequently Asked Questions
While there is no single fixed cutoff, a credit score of 720 to 750 or above is generally considered favorable by most banks and financial institutions. A higher score increases your chances of approval and helps you secure lower interest rates and higher loan amounts.
Yes, it is possible to secure a personal loan with a lower credit score (under 650), but you may face higher interest rates, a smaller loan amount, or shorter repayment tenures. Additionally, applying with a co-signer who has strong credit or offering collateral (where applicable) can improve your chances.
The general documents required include: 1) Proof of Identity (PAN Card, Aadhaar Card, Passport, etc.), 2) Proof of Address (Passport, Utility Bills, Aadhaar Card), 3) Income Proof (Salary slips for the last 3 months, Form 16, or ITR for self-employed), and 4) Bank statements for the last 3 to 6 months.
Thanks to digital integrations, basic approval (pre-approval) on aggregator platforms like ours can happen in a few minutes. Final verification and disbursement by the lender typically takes between 24 to 48 working hours, depending on physical verification or documentation completion.