Two Wheeler Loan
A two wheeler loan allows you to purchase your dream bike and pay for it in monthly instalments over a period of time. You can get two wheeler finance at lowest interest rates starting from 8.5% per annum with a repayment tenure of upto 4 years.
Features of two-wheeler loans
- Get a loan of up to Rs. 2 lakh
- Up to 100% funding of the on-road price
- Quick approvals
- 60-minute fast disbursal
- No field or tele-verification
- Proceed without an income proof
- No guarantor required
- Pre-approved offers
Two Wheeler loan eligibility
- You need to be either self-employed or salaried to get a two wheeler loan.
- You must be 21 years and above at the time of applying for the two wheeler and under 45 at the time the loan is repaid.
- You must have a salary of minimum of Rs 96,000 per annum or a business income of minimum Rs 1,20,000 annually.
- KYC documents are required when you are applying for a two wheeler – you can read the details below.
Two Wheeler Loan Documents Required
- Aadhar Card / Voters ID Card / Passport / Driving License / Pancard.
- Identification documents can also be used / Ration Card / LIC Policy
- Bank Statement / ITR / Salary Slips / Form 16
- Documents of self-owned property as Asset Proof for processing your two wheeler finance
- A recent passport size photograph.
Interest Rate
For our monthly tenure Business Loan product, the annualized interest rate varies between 7.99% - 15.00%.