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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.

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%

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.

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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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.

Bajaj Finserv Two Wheeler Loan Reviews

Page 1 of 18 1 2 3 4 5
  • review Two Wheeler Loan
    "Interest rate can be reduced"
    BAJAJ FINSERV
    0.5 4.5/5 "Excellent!"
    Bajaj Finserv two wheeler loan process was easy, they just asked couple of documentation then they themselves took initiative and completed the process. I took the bike loan through showroom, the interest was higher compared to others, I took Rs.40,000 for one year duration.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 04, 2019
  • review
    review Two Wheeler Loan
    "Good one"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I took my bike loan with Bajaj Finserv before 6 months and the EMI started 3rd of January. It is good and have purchased Bajaj Pulsar. The process was simpler. The interest rate is reasonable and have not checked the processing fee. The loan duration is 3 years. I can do foreclosure but am not interested.
    Was this review helpful? 0
    , bangalore
    Reviewed on May 14, 2019
  • review Two Wheeler Loan
    "GOOD"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    The two wheeler loan has been taken with the BAJAJ FINSERV where the documentation process was simple and easy to get the loan also the rate of interest with this loan was good and satisfactory. I got the satisfactory loan amount with this two wheeler loan and the process done on time.
    Was this review helpful? 0
    , bangalore
    Reviewed on May 08, 2019
  • review Two Wheeler Loan
    "Very Good Service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I had taken a Two Wheeler Loan from BAJAJ FINSERV a long time back and the loan was also completed & closed. The overall experience had been good, the interest rate with the loan was good and there was no additional charges made by them. Their customer support team has also been responsive and they where helpful at times.
    Was this review helpful? 2
    , lucknow
    Reviewed on Apr 25, 2019
  • review Two Wheeler Loan
    "Post process should be faster"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    My showroom dealer got tie up Bajaj Finserv, therefore I took loan from their end. The whole process completed within one week , I got the bike on time. The loan amount was Rs. 50,000 for duration of one year. After making all the due I did not get NOC letter. I tried to reach the customer support but there is no response.
    Was this review helpful? 2
    , bangalore
    Reviewed on Apr 24, 2019
  • review Two Wheeler Loan
    "Average service"
    BAJAJ FINSERV
    0.5 3.0/5 "Satisfactory"
    I have taken one two wheeler loan with Bajaj finserv from long time, Their service was good, the loan amount was sufficient based on my requirement i have got loan , the interest rate was high they have charged me up to 12.8% which was high comparing to other bank, now i am going to closed after 3 months.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 24, 2019
  • review Two Wheeler Loan
    "Excellent"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I have taken one two wheeler loan from Bajaj finance , my bike is pulsar180 and loan amount is 1L and emi amount is 3600K and tenure is 3years almost 1years complete , and rate of interest is 8%, my bike model is 2018, I am very happy with this loan.
    Was this review helpful? 1
    , tirupur
    Reviewed on Apr 14, 2019
  • review Two Wheeler Loan
    "Very Good Service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I had taken this loan while i was purchasing my Two wheeler, the loan was arranged by the Vehicle company where the process has been hassle free. The loan amount was as the price of the vehicle and the interest rate with them was nominal with no additional charges.
    Was this review helpful? 0
    , bangalore
    Reviewed on Apr 08, 2019
  • review Two Wheeler Loan
    "Super Service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I purchased Bajaj Platina bike throughBajaj Finserv two wheeler loan. The paper work was simple, I submitted normal address proof, photo, pay slip without any guarantor. The executive gave me the required information and they give on time reminder call. My loan amount was Rs. 70,000 it has duration of 2 years, I already paid for 4 months.
    Was this review helpful? 0
    , chennai
    Reviewed on Apr 05, 2019
  • review Two Wheeler Loan
    "Very Good Service"
    BAJAJ FINSERV
    0.5 3.5/5 "Pretty good"
    I had taken this loan a while back where it was arranged by the Vehicle dealers while the time of the purchase of my Bike. The process was quite good and the interest rate was also not much high. The repayment method with them is also pretty much convenient.
    Was this review helpful? 1
    , mumbai
    Reviewed on Apr 03, 2019
  • review Two Wheeler Loan
    "Best Service"
    BAJAJ FINSERV
    0.5 3.0/5 "Satisfactory"
    I have taken the Two wheeler Loan through Bajaj Finserv .Cheque was bounced once paid the premium they have not responded properly even paid the penatlty they are not accepting also for the delay .I have taken the loan for the temure of 2years.The premium is paid through online .The premium amount is Rs.3230.The agent clearly explained the process .The Overall Service is Good .
    Was this review helpful? 0
    , ahmednagar
    Reviewed on Apr 02, 2019
  • review Two Wheeler Loan
    "Excellent Service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I had taken this loan a while back and the process in getting this loan was quite good, the loan amount which they had provided has been sufficient and the interest rate with them had been nominal as well. The charges which has been made by them has been quite less.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 22, 2019
  • review Two Wheeler Loan
    "Very Good Service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    This Two wheeler loan was taken a very long time back and the loan has been closed. The services from their end had been quite good where the interest rate with them has also been nominal as well. There was no additional charges which has been made by them as well.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 20, 2019
  • review Two Wheeler Loan
    "Not satisfied with the service"
    BAJAJ FINSERV
    0.5 3.0/5 "Satisfactory"
    The experience i had with this loan was not that good where the interest rate with them has been high when compared with the market rate and the charges which they had made has also been high as well. The loan amount was sufficient and the customer support has not been that much responsive.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Mar 02, 2019
  • review Two Wheeler Loan
    "Good service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I have my two wheeler loan with BAJAJ FINSERV. The process of getting loan was good i did not face any issue while getting the loan . The documentation part was also very easy . Rate of interest and processing fee is very nominal . Loan amount is very satisfactory . Tenure is 18 month .
    Was this review helpful? 0
    , new delhi
    Reviewed on Feb 18, 2019
  • review Two Wheeler Loan
    "Good service"
    BAJAJ FINSERV
    0.5 3.0/5 "Satisfactory"
    The experience i had in getting this loan has been okay, where the process was fine. But the interest rate with them was around 17% which was pretty high and the charges which they had made has also been very high. I had to pay almost 19,000 as the charges and it could have been reduced.
    Was this review helpful? 2
    , chennai
    Reviewed on Feb 15, 2019
  • review Two Wheeler Loan
    "Excellent Service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    It has been quite a good experience i had with their services and the process in getting this loan has also been good. The loan amount which they had been provided has been sufficient and the interest rate with them has also been nominal with the market rate. There has not been any sort of charges which they had made additionally.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Feb 04, 2019
  • review Two Wheeler Loan
    "Looking for less interest rate"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    My experience with Bajaj finserv for two wheeler loan was good, the loan amount was sufficient and the rate of interest was high when compared to others in the market. Customer service was good and they responded on time. Tenure period for this loan is for 2 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 29, 2019
  • review Two Wheeler Loan
    "Satisfactory loan"
    BAJAJ FINSERV
    0.5 3.0/5 "Satisfactory"
    My two wheeler loan was purchased from Bajaj Finance 1.5 years before. They have offered me a convenient interest rates. I have closed the loan already. I made the EMI payment through ECS. The documentation process was quite fine and smooth.
    Was this review helpful? 2
    , mumbai
    Reviewed on Jan 28, 2019
  • review Two Wheeler Loan
    "Better Two Wheeler Loan"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I have taken my two wheeler loan was purchased from Bajaj Finance. There is some interest rate and i'm not sure about it. Its a zero processing fee loan. 4 months before, i have purchased the loan amount of Rs. 40000. I make the EMI amount through ECS. Agency has taken care of the documentation process.
    Was this review helpful? 0
    , lucknow
    Reviewed on Jan 28, 2019
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