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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.

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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 17 1 2 3 4 5
  • 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, loan amount was based on my requirement and the rate of interest was nominal when compared to others. I received my loan on time and the tenure period for this loan was for 20 months.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jan 17, 2019
  • review Two Wheeler Loan
    "Good Loan"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I have taken my two wheeler loan by using the Bajaj Auto Finance. I have purchased the loan in 5 years ago. I was purchased the loan amount of Rs. 60000 and they have offered me a interest rate was nominal. I made the payment by EMI. I have selected the tenure period of 1 years. I made the EMI amount of Rs. 4000.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jan 07, 2019
  • review Two Wheeler Loan
    "Good experience with Bajaj"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I had two wheeler loan with Bajaj Finserv, now it got cleared, I am an existing employee of Bajaj they gave me 0% of interest on two wheeler loan, for staff they gave me best benefits with flexible emi. I can extend the emi or duration or I can cut short the emi.
    Was this review helpful? 3
    , pune
    Reviewed on Dec 18, 2018
  • review Two Wheeler Loan
    "Good Financial service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I have taken two wheeler loan from bajaj finance . Am satisfied with the rate of interest which they have given .They charged for pre closure charges and gave the tenure period of 1 years . Am satisfied with their customer service and response . There are some processing fees for the documentation and for the approval process.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 13, 2018
  • review Two Wheeler Loan
    " Good Experience"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I had two wheeler loan, the interest rate is as per the market standard it before five years I took that loan. This Bajaj Finserv bike loan was offered from the showroom I just gave some documents. They have approved the loan to purchase ktm bike. Bajaj Finserv approved partial amt 80% its good.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 10, 2018
  • review Two Wheeler Loan
    "Good in process"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I had taken a two wheeler loan earlier with Bajaj Finserv. The services are good and the process was fine. I am not sure about the rate of interest and processing charges. But there were no hassles to get the loan, the after loan services are good too.
    Was this review helpful? 1
    , warangal
    Reviewed on Dec 08, 2018
  • review Two Wheeler Loan
    "Excellent two wheeler loan"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I purchased my two wheeler loan 3 years before with Bajaj Finserv. I have selected the tenure period of 4 years. I have been paying the EMI of Rs. 3400. I bought the loan amount of Rs. 1 lakhs. I make the payment through ECS. I have received the loan within 7 hours.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 07, 2018
  • review Two Wheeler Loan
    "Not recommendable"
    BAJAJ FINSERV
    0.5 3.0/5 "Satisfactory"
    I have got the two wheeler loan with Bajaj Finserv. Due to the high interest rate i have closed the earlier itself. Total tenure period of the loan 24 months. I paid the EMI of Rs. 3700. I have received the loan within 10 days. I used to make the EMI through net banking. I have applied the loan amount of Rs. 79000.
    Was this review helpful? 1
    , chennai
    Reviewed on Dec 07, 2018
  • review Two Wheeler Loan
    "Needs to improve on customer service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    My experience with Bajaj for two wheeler loan is good, i received my loan amount on time and the process was quite smooth. The loan amount was more than Rs 50000 with nominal interest rate and the tenure period is 18 months. Customer service was not up to the mark and cheque bounce charges were high.
    Was this review helpful? 1
    , new delhi
    Reviewed on Dec 06, 2018
  • review Two Wheeler Loan
    "The best provider in the market"
    BAJAJ FINSERV
    0.5 4.5/5 "Excellent!"
    My two wheeler loan was taken 8 years back with Bajaj Finserv. I bought the loan amount of Rs. 70000 for that i have paid the EMI of Rs. 5200. I made the premium through ECS. Since i have got the loan on offer time they have given me a attractive interest rate for my pulsar bike.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 05, 2018
  • review Two Wheeler Loan
    "Average loan experience"
    BAJAJ FINSERV
    0.5 2.0/5 "Expected more"
    My first month EMI got bounced due to their server issue. For that they have asked me to pay the cheque bounce charges. They have not said that its a cheque bounces instead of that they said some hidden charges. Before paying the money, they have not given the clearance letter. I have purchased the loan amount of Rs. 85000. I pay the premium amount of Rs. 2986. Total tenure period of the loan is 30 months.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 02, 2018
  • 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 based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they followed up on time.
    Was this review helpful? 1
    , lucknow
    Reviewed on Dec 01, 2018
  • review Two Wheeler Loan
    "Excellent service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I have taken my two wheeler loan amount with BAJAJ FINSERV , there service is too good, i have taken loan for 3 years, now i have close that loan and the loan amount they have charged me was sufficient , the rate of interest and processing fee they have charged me was nominal.
    Was this review helpful? 2
    , mumbai
    Reviewed on Nov 29, 2018
  • review Two Wheeler Loan
    "Excellent Service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    It has been a good experience i had with this loan and the loan amount whcih they had provided has been sufficient as well. The interest rate with them has been 11% and their customer support has also been responsive as well. There has been charges for foreclosure also.
    Was this review helpful? 1
    , mumbai
    Reviewed on Nov 27, 2018
  • review Two Wheeler Loan
    "Best Service"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I have taken two wheeler loan with Bajaj Finserv and my experience was good, i preclosed this loan in 2.5 years. Loan amount was based on my requirement and i was not aware of the rate of interest for this loan. Customer service was fine and they responded on time.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Nov 26, 2018
  • review Two Wheeler Loan
    "Good experience"
    BAJAJ FINSERV
    0.5 4.5/5 "Excellent!"
    Two Wheeler loan is on going with Bajaj Finserv. The loan duration is 24 months and completed 13 months. I have bought Pulsar 220 bike. The interest rate is satisfied and don't know the processing fee. The customer service and response is good. Monthly Emi is Rs.3949 through ECS.
    Was this review helpful? 1
    , pune
    Reviewed on Nov 21, 2018
  • review Two Wheeler Loan
    "Good service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    My experience was good with Bajaj for Two wheeler loan, the processing time was nominal for getting this loan. The loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and the tenure period is 3 years.
    Was this review helpful? 1
    , khargone
    Reviewed on Nov 19, 2018
  • review Two Wheeler Loan
    "Good Financial service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    I have taken two wheeler loan from Bajaj Finance service . Am satisfied with the rate of interest which .They charged for pre closure charges and gave the tenure period of few years . Am satisfied with their customer service and response . There is no processing fees for the documentation and approval process.
    Was this review helpful? 3
    , vadodara
    Reviewed on Oct 17, 2018
  • review Two Wheeler Loan
    "Good service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    It has been a good experience i had with this loan and the loan amount which they had provided had been satisfactory as well. I never had faced any issues during the process, their interest rate also had been good when compared with the market rate.
    Was this review helpful? 1
    , kolkata
    Reviewed on Oct 17, 2018
  • review Two Wheeler Loan
    "Good Financial 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 1 year . Am satisfied with their customer service and response .
    Was this review helpful? 1
    , new delhi
    Reviewed on Oct 09, 2018
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