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  • Bajaj Finserv Two Wheeler Loan

    Two Wheeler Loan
    • Easy Processing
    • Attractive interest rates
    • Compare across banks

    Among the leading private companies offering financial services in India is Bajaj Finserv. Part of the larger conglomerate, Bajaj Holdings & Investments Limited, this company primarily deals in providing services like general & life insurance, wealth management, lending and asset management and lending. With an established nation-wide presence, Bajaj Finserv operates with a strong network of over 1400 branches and over 20,000 employees.

    As a part of its lending services, Bajaj Finserv also provides customers with loans for the purchase of two wheeler vehicles. These loans carry some attractive terms and offer a host of great benefits, making it easier for you to own your preferred two wheeler.

    Two Wheeler Loans by Bajaj Finserv:

    Think to yourself, how many times have you given it a second thought, whether or not to take your car to run those small errands, travel a short distance, get groceries, pick the kids up from the nearby friend's house? Given that traffic conditions today are far worse than one could ever fathom, it is only natural that we try to avoid driving as much as possible. Though it is quite impossible to get anywhere in time, if one gets caught during peak traffic hours, a two wheeler can make travelling incredibly easier. Being easy to maneuver and requiring far less parking space, a two wheeler can make daily short commutes much easier. Be it travelling to work, popping over to the nearby store or the weekly groceries, a quick trip to a friend's house in the congested part of the city, a two wheeler helps save considerable time and stress.

    For those who wish to buy a two wheeler, Bajaj Finserv provides two wheeler loans which come with very attractive terms like pre-approved offers, quick loan processing, dedicated multi-lingual helpline service to address the needs of customers from diverse regions, etc.

    Also Read: Two Wheeler Insurance.

    Bajaj Finserv Two Wheeler Loan Interest Rate:

    Bajaj Finserv offers one of the most popular two wheeler financing options to its customers in India. The primary reasons for its popularity rests on the fact that the financier offers very attractive interest rates for the financing of Kawasaki, KTM, Bajaj motorcycles. The interest rates are however dependent on certain parameters like the borrower's creditworthiness and profile, amount of loan taken, place of borrower's residence and the Bajaj Auto product for which the borrower is seeking financial assistance. Based on the aforementioned factors, prospective borrowers are placed in different categorical bands - low, medium and high. Currently, the interest rates applicable on two wheeler loans for these bands are as follows:

    • Low - Below 27%
    • Medium - Between 27% to 30%
    • High - Above 30%

    Perfect Personal Loan Deals for you

    Features & Benefits Bajaj Finserv Bike Loan:

    Multiple Locations Across India:

    In order to reach out to a the maximum number of customers, Bajaj Finserv carries out its operation and provides services via 2000 branch offices which are located across India. That means, if you are looking for a hassle free financing option for the purchase of a two wheeler, you can always find a Bajaj Finserv branch in your city.

    Special Pre-approved Offers:

    Wouldn't it make your task much easier if you don't have to wait for your loan request to be approved, especially if you are pressed for time to make a purchase. If you are an existing customer with Bajaj Finserv or a customer with healthy credit score, you can benefit from special pre-approved loan offers and loan schemes offered from time to time by the company.

    Quick Loan Processing:

    Conventionally, loan approval and sanction can take a long time, often defeating the purpose of 'easy finance'. That is not the case here. When you apply for a loan with Bajaj Finserv, within a short duration of 10 days from the date of applying for the loan, you can expect to receive a welcome call from the company, along with an SMS which provides all the necessary details pertaining to your loan like the loan amount, due repayment dates, EMI amount and contact details of a company representative in case you have any queries.

    Minimal Foreclosure Charges:

    Many financial service companies levy heavy fees on customers who foreclose their loans before its due date. With Bajaj Finserv, on the other hand, if a customer wishes to foreclose their loan before the 12th EMI billing, they must only pay a very nominal foreclosure fee, which is charged at the rate of 3% on the outstanding loan amount.

    Option of Partial Foreclosure:

    In order to keep the customer's best interests in mind, Bajaj Finserv also allows you to partially foreclose a loan. Though this will allowed only in some cases, this feature can help customers to not only shorten their loan duration but also help lower the remaining EMI amounts.

    Easy Pay in Cash Option:

    With offices located across India, especially those located in smaller towns, Bajaj Finserv understands the challenges faced by the people with regarding to banking services. Keeping that in mind, for customers hailing from smaller towns and who do not wish to open a bank account, the company offers the facility of collecting loan repayment in cash.

    Call Centre Helpline with Multiple Language Options:

    India is a nation where people converse in multiple languages. Keeping that in mind, Bajaj Finserv offers its customers the facility of choosing from 10 different languages at their call center helpline, in order to resolve the queries of a maximum number of customers.

    Bajaj Finserv Bike Loan Eligibility:

    In order to be eligible for a Bajaj Finserv Two Wheeler Loan, borrowers must comply with the following eligibility criteria.

    • Individual must be not below 21 years when applying for the loan.
    • Individual must be less than or equal to 65 years at the end of the loan tenure.
    • Borrower must be residing in the current city for a minimum duration of one year.
    • Borrower must have been employed for a minimum duration of one year.
    • Borrower must have a landline number, either at their residence of place of work.

    You May Like To Read : Two Wheeler Insurance Online.

    Bajaj Finserv Two Wheeler Loan Documentation:

    The following documents are required to be submitted towards the application f a Bajaj Finserv Two Wheeler Loan.

    • Proof of Identity: Passport / Photo Credit Card (front & back) / Voter ID Card / Driving License / PAN Card / Company issued ID Card of a Govt. company, PSU, Public Ltd. or MNC / Aadhar Card.
    • Address Proof: Passport / Driving License / Voter ID Card / Telephone Bill / Electricity Bill / Gas Connection Bill / Rental Agreement / Ration Card / Property Purchase Agreement / Sale Deed / Latest Credit Card Billing Statement / LIC Policy / Address Proof in the name of the applicant's parents or spouse / Letter provided by the company or company provided accommodation.
    • Proof of Income: Latest salary slip (for Govt. employees). In case the salary slip can't be produced, a salary certificate will be accepted. Customers will be required to provide any other relevant documents, depending on their profile and the loan category they fall in.

    FAQs:

    1. I have taken a Bajaj Finserv Two Wheeler loan and wish to change my mailing / communication address. How can I do that?

      If you wish to change your mailing or communication address, you must submit a self-attested copy of any KYC document either via email or simply walk into any Bajaj Finserv branch and submit it there.

    2. How do I find out if Bajaj Finserv is offering any special schemes for borrowers?

      Bajaj Finserv offers special schemes frequently. You can find out about the same by getting in touch with a representative of Bajaj Auto who can provide you with the suitable details.

    3. Can existing Bajaj Finserv customers apply for another loan with the company?

      Yes, existing customers can apply for another loan. However, the loan approval will be depend on your eligibility.

    4. How long will it take for the loan to be sanctioned?

      It will take approximately 24 to 48 hours for your loan application to be processed. This is dependent on the submission of documents and their verification.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Read Bajaj Finserv Two wheeler Loan news or Enjoy it on the go Google Play

    • Bike taxi service Baxi partners with Bajaj Finserv

      India is riddled with taxis that are either affiliated to Ola or Uber, but that goes for the four-wheeler instant taxi services.

      However, there’s something called Baxi, a condensed name for Bike Taxi which has hit the ground running with their new offering.

      In latest development though, BC Technologies, the parent company of Baxi, has signed an agreement with Bajaj Auto Finance to provide motorcycle loans.

      A spokesperson for BC Technologies spoke with the media about the partnership and has said that the agreement will provide loans for people who want to buy new bikes with the option of using it to provide a bike taxi service.

      This latest agreement will enable the onboarding of over 10,000 bikes in the current financial year.

      The service also claims that it has completed over half a million rides in less than a year and currently does 3000 rides a day in Gurugram and Faridabad alone.

      26 October 2016

    Essential Two Wheeler Loan Pages
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    Bajaj Finserv Two Wheeler Loan Reviews

  • Page 1 of 16 1 2 3 4 5
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have taken a two wheeler loan with Bajaj finserv and my experience was good, the loan amount was for Rs 1.20 lacs with nominal interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 2 years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 14, 2018
    • review Two Wheeler Loan
      "Not satisfied with the service"
      BAJAJ FINSERV
      0.5 2.0/5 "Expected more"
      The Two Wheeler loan experience i had with them has not been that much satisfactory, the loan amount which they had provided had been less than what i expected. The interest rate with them has been on the higher end, and their customer support and their response had been not that good.
      Was this review helpful? 4
      , pune
      Reviewed on Sep 14, 2018
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I've applied for a bike loan from the Bajaj Finserv, it was a complete paperless application and approval. . The interest rate was very high. They need to regulate the interest rate and make it in par with the market rate.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 11, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have taken two wheeler loan from Bajaj finance . Where the rate of interest is high with nominal processing fees for documentation and approval . Am satisfied with their customer service and response . They instantly approved the loan . They have given the tenure period of 3 years where i made the payment through Ecs process.
      Was this review helpful? 3
      , chennai
      Reviewed on Aug 25, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have taken two wheeler loan from Bajaj Financial pvt. Am satisfied with the rate of interest which is promising one .They charged for processing fees which is nominal one and gave the tenure period of 30 months . Am satisfied with their customer service and response .
      Was this review helpful? 6
      , chennai
      Reviewed on Aug 22, 2018
    • review Two Wheeler Loan
      "Process is good"
      BAJAJ FINSERV
      0.5 3.0/5 "Satisfactory"
      My two wheeler loan is with Bajaj Finserv too. It was a easy process to get the loan. The rate of interest and the processing charges is normal. The payment options are also good. The documentation is also nominal. In all a smooth process to get a loan.
      Was this review helpful? 6
      , mumbai
      Reviewed on Aug 01, 2018
    • review Two Wheeler Loan
      "They give easily loan to every person"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      Interest rates are approximately around 8.0 to 8.1%. I have applied the loan amount of Rs. 20000 only. They have charged me the processing fee of Rs. 4000. I have paid the EMI amount of Rs. 2500 per month. I have taken the tenure period of 1.5 year. Its easy to get a loan from bajaj fin serv. Within a day i have got my loan.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jul 27, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 3.0/5 "Satisfactory"
      It had been a good experience in getting this two wheeler loan where the process in getting the loan had been simple and smooth. The loan amount which they had provided has been good and the interest rate with them had been average and nominal when compared with the market rate. Their customer support had been good during the time of the process.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jul 20, 2018
    • review Two Wheeler Loan
      "Not satisfied"
      BAJAJ FINSERV
      0.5 1.0/5 "Really Bad"
      My two Wheeler loan was taken with BAJAJ 4 years back. The loan amount was 50,000 and the interest rate was very high .The tuner period was 3 years . I felt that there is no transparency in the process and they did not give the documents after disbursement. I can pay the amount through the website which is very convenient and i am expecting the same potion from other banks also but i a not satisfied with the customer service and responses here.
      Was this review helpful? 2
      , navi mumbai
      Reviewed on Jul 14, 2018
    • review Two Wheeler Loan
      "Average service"
      BAJAJ FINSERV
      0.5 3.0/5 "Satisfactory"
      I have taken a two wheeler loan with Bajaj Finserv and my loan experience was good, the loan amount was for Rs 50000 with nominal interest rate which is 12%. Customer service was fine and their response was good. The tenure period for this loan is 18 months.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 11, 2018
    • review Two Wheeler Loan
      "Very Good Service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      It has been a very good experience with them and the process in getting the loan had been simple and it went smoothly. The loan amount which they had given had been satisfactory and there has not been any interest rate with them. There has not been any issues faced with any of the services which they had been providing so far.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 28, 2018
    • review Two Wheeler Loan
      "Average service"
      BAJAJ FINSERV
      0.5 3.0/5 "Satisfactory"
      I had taken a two wheeler loan way back in 2008 with Bajaj Finserv and it was an average experience. The loan amount was for Rs 30000-40000 with nominal interest rate when compared to others. Customer service was good with Bajaj and the tenure for this loan was for 3 years.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 26, 2018
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took a bike loan from the Bajaj Finance. The Application process was easy and the loan was approved at the showroom with in2-3 hours. I closed the entire amount with in an year. There were no pre-closure charges. Overall it has been a smooth bike loan experience with Bajaj Finance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 25, 2018
    • review Two Wheeler Loan
      "Nice company to take loan"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have purchased a Bajaj 200NX bike from the showroom. In the direct showroom, I have applied the loan. I have paid 38000 from my hand for rest of the amount i have taken the loan balance 93000 i have taken from Bajaj. I used to make the EMI Rs. 5131. I have opted the tenure period of 21 months. Already 10 months are over hence 11 months is yet to pay. Their is some hidden charges however I'm not aware of it.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 22, 2018
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took a Bike Loan from the Bajaj Finance for 50000, it was very easy process . The loan was applied and processed at the showroom. I got the loan with in 2 days. Overall it has been a smooth and hassle free bike loan experience with the Bajaj Finance.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2018
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took a bike loan from the Bajaj Finance . The loan amount was 1.25 Lacs, The application just took 5 Minutes. It was so fast. The loan was applied at the showroom and processed pretty soon. Overall it has been a smooth and hassle free experience with the Bajaj Finance .
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 21, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have taken two wheeler loan with Bajaj finserv and my loan experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to other sources. Customer service was good and the tenure period for this loan is 15 months.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 20, 2018
    • review Two Wheeler Loan
      "Good"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have two wheeler loan with the Bajaj Finance. I have got the loan amount within seven to ten days of time, also am really happy with them because I have got my bike on immediate basis. There are no hiccups with them as such.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 13, 2018
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I've been using the SBI savings account for many years, I moved to Delhi there also I am getting better service from the branch staff. I never had any issues with their services. I don't use the mobile application but their Internet facilities are good.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 30, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      My experience with Bajaj Finserv for two wheeler loan was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others in the market. Customer service was good and they collected documents on time. The tenure period for this loan is 18 months.
      Was this review helpful? 0
      , noida
      Reviewed on May 29, 2018
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