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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.

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

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Bajaj Finserv Two Wheeler Loan Reviews

Page 1 of 19 1 2 3 4 5
  • review Two Wheeler Loan
    "Good Service"
    BAJAJ FINSERV
    0.5 2.0/5 "Expected more"
    I have availed Two Wheeler loan with Bajaj Finserv through Online .The vehicle model was 2015 it was Bajaj CT 100.I have applied for loan amount of 1 lakh for the tenure of 3 years.The rate of interest and the processing fee was nominal .I have got the loan amount on time and no difficulties faced so far.
    Was this review helpful? 0
    , indore
    Reviewed on Oct 13, 2019
  • review
    review Two Wheeler Loan
    "Excellent"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I went to the showroom to purchase a bike, they only preferred me to go with Bajaj Finserv for two wheeler loan. My experience is very good and they were co-operative. The interest rate is reasonable and the processing fee is available. The tenure is 24months.
    Was this review helpful? 0
    , davanagere
    Reviewed on Oct 08, 2019
  • review Two Wheeler Loan
    "Good choice for two wheeler loan"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I availed Bajaj Finance two wheeler loan with interest rate of 11% for the principal amount of Rs.85,000 with the loan period of three years. I went to the Bajaj showroom there they done the documentation then I got avanger bike on time. The customer support is very excellent and interest is lower than others.
    Was this review helpful? 1
    , bangalore
    Reviewed on Sep 10, 2019
  • review Two Wheeler Loan
    "Its Good"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I took two wheeler loan from Bajaj Finserv, the principal amount is Rs.75,000 to purchase my Bajaj Discover bike, the customer support is very supportive during the documentation. They gave me 0% of emi because I paid the down payment of Rs.25,000. Now I paid all the emi and I got NOC Letter.
    Was this review helpful? 1
    , vijayawada
    Reviewed on Sep 06, 2019
  • review Two Wheeler Loan
    "Very Useful loan for me"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I have a running two wheeler loan from Bajaj Finance. They are not updating my payment on time once my salary is getting credited they will deduct the money from account. My salary will credited 5th of every month and the due date is 6th. But i get the payment notification from the bank end on the same day but Bajaj Finserv people are updating very delayed. Due to this my credit score getting affected. The experience from collection executive is very bad and they do not have common sense to speak with the customer. When i have taken the loan, this is a lower interest rate which i got when i compared to others.
    Was this review helpful? 4
    , indore
    Reviewed on Sep 01, 2019
  • review Two Wheeler Loan
    "Hassle free Experience"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    Before 2.5 year I took two wheeler loan from Bajaj Finserv, through showroom I completed the loan, I paid one third of amount at the one road price, the loan amount was Rs. 1.7 lakh to purchase ktm duke 390, the interest rate was nominal hence its good.
    Was this review helpful? 2
    , chennai
    Reviewed on Aug 19, 2019
  • review Two Wheeler Loan
    "Excellent"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I have selected bajaj finserv loan two wheeler model bajaj discover cost Rs 60,000. Down payment Rs 18600, EMI Rs 3000, zero percentage Rate of interested , tenure 12 months. loan amount sanction loan Rs 45,000. Customer service is good and responsive.
    Was this review helpful? 2
    , new delhi
    Reviewed on Aug 17, 2019
  • review Two Wheeler Loan
    "Unhappy"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I have selected bajaj finserve two wheeler loan model of the bike adventure cost of bike Rs 85,000.I have paid down payment Rs 20,000.The loan maount sanction from banker end amount 1.35 lakhs , EMI Rs 2899, Tenure is 3 years Rate of interested 20 percentage .Iam facing issue while paying my EMI. they said where i have purchase bike particular location i should pay EMI.customer service is not responsive.
    Was this review helpful? 1
    , salem
    Reviewed on Aug 07, 2019
  • review Two Wheeler Loan
    "Excellent service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I have been applied recently for my two wheeler loan with capital first. The loan amount which they have given to me was sufficient, they have given me loan on bases of vehicle amount, the rate of interest they have charged me was nominal, their processing fee was nominal. I am going to close in two months.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 29, 2019
  • review Two Wheeler Loan
    "Good service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I had a two wheeler loan with Bajaj Finserv before 6 years. I have purchased Platina and CT 100. The loan process was easier and the interest rate is affordable. The customer service is good. The processing fee is 1% and closing charges are 6% of outstanding principal.
    Was this review helpful? 0
    , visakhapatnam
    Reviewed on Jun 21, 2019
  • 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 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? 4
    , 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
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