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    Two Wheeler Loan Eligibility:

    Owning our own vehicle, be it a car or a bike is a luxury for most Indians. Most of us feel it is a necessity to own a two wheeler at least in order to improve our lifestyle. Most of us are also not fortunate enough to have a large sum of money at our disposal. The best option, many of us find, is to get a two wheeler loan so we can finance that dream bike.

    Perfect Personal Loan Deals for you

    The best thing about getting a bike loan is the fact that you can get the bank to pay for up to 85% of the bike's price, which is a huge sum. Afterwards, you can simply pay off the debt in affordable EMIs (Equated Monthly Instalments). However, it will be a rough ride for you to pick the perfect bike loan among the many in the market, each with different terms and features. This means that you will have to do your homework well and research each deal before finalizing one.

    In order to get a bike loan you must meet certain qualifications, and each bank or finance company will have slightly different criteria that must be met. However, a lot of the criteria to be eligible for a bike loan is the same, and they are as follows:

    Also Read: Two Wheeler Insurance.

    • Employment: You must either be employed by a company (salaried), or be self-employed.

    • Age: Many banks offer bike loans to those who are 18 years or older. Many accept applications from only those who are 21 and above. The maximum age limit to apply for a bike loan is generally 65 years, but this may also vary depending on the bank.

    • Work experience: It is true that many banks offer bike loans to even students (under certain conditions), but most banks give preference to those who have a minimum of one year of work experience.

    • Minimum income: Different banks have different expectations when it comes to the minimum monthly income that is required of you that will make you eligible for a loan. In general, a minimum of Rs. 5000 per month is the required income that will make you eligible for a bike loan from most banks.

    • Landline number: It is often necessary in most banks that you provide a landline number of either your residence or office.

    • Residence: Some banks will require that you have been living at the same residence for over a year.

    • Credit History: A good credit score will make it easier for you to get a good deal on your two wheeler loan. Try to maintain a good credit history in order to get the best deal possible. Even if your credit history is not in the best shape, chances are that you will still be approved a two wheeler loan, but the terms will not be as great as it would be if you have a good credit history. Sometimes, even the issue of a bad CIBIL score can be skirted with when taking a bike loan because it comes under the category of a secured loan, your bike being the security.

    • Documents needed: There is a list of documents that you will require to provide to the bank when you apply for a bike loan. This list may vary slightly depending on the bank, but in general these are the documents that you must keep ready:

      1. Address proof: You must provide any address proof which prove that your current address is what you claim it to be. Some of the address proof that you could provide are your Passport, Driver's License with the current address printed, Voter's ID, Utility bill (electricity/landline bills) or rent agreements.
      2. ID Proof: a document that proves your identity such as Passport, Pan card, Driver's license, Voter's ID card.
      3. Income proof: One of the criteria that the bank will need you to meet is the minimum income that you earn per month. You must provide proof in the form of salary slips of the last 3 months, Latest form 16, Bank Statement reflecting salary credits for the last 3 months and last employer's salary certificates.
      4. Photographs: You will need to provide a number of recent passport size photographs.

    News About Two Wheeler Loan Eligibility

    • Ride For Freedom Event Organised By Triumph Motorcycles and Smile Foundation

      As India celebrated 70 years of independence, Triumph Motorcycles India partnered with Smile Foundation to organise a Ride for Freedom event across multiple cities in the country. Hundreds of Triumph motorcycle owners who participated in the event also pledged to sponsor the education of girl children in the country.

      Smile Foundation is a development organisation that supports causes of social relevance like healthcare, education and women empowerment. The work undertaken by this organisation benefits over 4 lakh families every year.

      Vikram Singh Verma, COO of Smile Foundation thanked Triumph Motorcycle Owners for coming forward to support this initiative. The Ride for Freedom event was inaugurated at Triumph dealerships in various cities, and concluded at the same venues.

      ></p> <p><em> 28th November 2016 </em></p> </div> <div class=

    • The 2016 Red Bull Rookies Cup - a great platform for young Indian riders

      The Road to Rookies Cup is an event sponsored by Red Bull, and it provides a platform for young riders in the age group of 13-17 years to prove their mettle. 2016, being the tenth running year of the competition, also provides an opportunity for two of the best Indian racers to participate in the 2017 Red Bull MotoGP Rookies Cup in Spain.

      The qualifying rounds for the Road to Rookies Cup will be hosted at the same venue as the competitions for the Suzuki Gixxer Cup. Considering the fact that the winners of the 2015 Moto2 and Moto3 championships were ex-Rookies, this is distinctively a huge platform for selected Indian racers. They get a chance to understand the working of an international racing outfit, and this would in turn, benefit the entire motorsports scene in India as well.

      ></p> <p><em> 25th August 2016 </em></p> </div> <div class=

    Two Wheeler Loan by Other Banks
    Two Wheeler Loan

    Customer Reviews

  • Page 1 of 50 1 2 3 4 5
    • L&T Finance Two Wheeler Loan
      "Fair"
      L&T FINANCE LIMITED
      0.5 3.0/5 "Satisfactory"
      Currently, I am having the two wheeler loan with the L&T finance limited and the loan amount got credited within an hour of time. They have provided around 80% of cost of the vehicle as loan and the processing charges were nil with them. They did not provide the ECS option for me till now.
      Was this review helpful? 0
      , siliguri
      Reviewed on May 23, 2017
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I had taken the bike loan from bajaj finance i just waked into bajaj they explained me everything which includes the bike value is rupees one laks the total loan amount including emi is 1.20 thousand next month the loan is getting completed EMI is 3200 and this is for a tenure of 2.5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • review Two Wheeler Loan
      "Happy banking"
      KARNATAKA BANK
      0.5 5.0/5 "Blown Away!"
      Actually I had taken two wheeler loan every year with Karnataka bank. Till date, I had take four two wheeler loan with the same bank for my family members. I feel more comfortable with Karnataka bank. Actually I had given the proposal to the bank at 3:30 PM and I got loan DD in the evening, so such a fast service they had delivered my loan application. I used to pay double the EMI to close the loan earlier. I am more than happy with Karnataka bank and its services.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • HDFC Bank Two Wheeler Loan
      "Helpful Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      Long back ago I had taken a two wheeler loan from HDFC bank. At that time, the interest rate was very normal and affordable. Also the process went smooth without any hassles. Moreover it was very easy to avail the loan from HDFC bank as they are supportive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 20, 2017
    • review Two Wheeler Loan
      "Good service"
      UNION BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      It was very good service with Union bank of India. I got a good 2 wheeler loan experience with Union bank during the year 2005. The rate of interest and processing fee is nominal with Union bank. This Two-wheeler loan has the tenure of 3 years. Overall it was a very good service provided by them.
      Was this review helpful? 0
      , asansol
      Reviewed on May 19, 2017
    • review Two Wheeler Loan
      "Wonderful "
      INDUSIND BANK LTD
      0.5 4.0/5 "Great!"
      I have closed the two wheeler loan with the Indusind bank and the interest rate was lesser one with them on that time. I got the NOC paper within one to two months of time and there are no issues with them. I got the loan amount within two weeks of time.
      Was this review helpful? 1
      , chennai
      Reviewed on May 17, 2017
    • HDFC Bank Two Wheeler Loan
      "Good Bank"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      In the year of 2013, I had taken two wheeler loan from HDFC bank. At that time, the interest rate is normal and I do not remember the exact rate of interest. Also they processed the loan in a very good manner. They have standard customer service. Their overall service is good.
      Was this review helpful? 1
      , pune
      Reviewed on May 17, 2017
    • review Two Wheeler Loan
      "The Best Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took two wheeler loan from Bajaj in the year of 2009. The process went smooth. Actually it is very easy to avail any kind of loan from Bajaj but the only thing we have to be conscious on the rate of interest. Sometimes it will be on higher end with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • review Two Wheeler Loan
      "Hassle Free Experience"
      BAJAJ AUTO FINANCE
      0.5 4.0/5 "Great!"
      Bajaj auto finance is really great, they had processed the bike loan within a day on other next day I got my bike delivery. I requested Bajaj customer service to process my two wheeler immediately due to some emergency purpose, hence they considered and the process was compelted very fast.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 16, 2017
    • HDFC Bank Two Wheeler Loan
      "The Best Bank"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I had taken two wheeler loan from HDFC bank. The rate of interest was very normal for my two wheeler loan, which was 11.25%. It was easy to avail the loan from HDFC bank, even the documentation process was very simple. There was no hassles with the bank for loan services.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 16, 2017
    • review Two Wheeler Loan
      "Good. Can be lesser in rates"
      BAJAJ FINSERV
      0.5 3.5/5 "Pretty good"
      I have taken a two wheeler loan from Bajaj Finserv. It is a flexible process to get this loan as I am a existing customer. But the institution is pretty high on the interest when I compare them with other banks. There are high charges taken a well.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 15, 2017
    • HDFC Bank Two Wheeler Loan
      "Very prompt in charges"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      HDFC bank is very prompt in charges. I took two wheeler loan from them. Their rate of interest is normal. They will charge what they committed in the beginning while taking the loan. Even they showed me about EMI calculations. They do not make the customer suffer in any way.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 13, 2017
    • ICICI Two Wheeler Loan
      "Recommendable Loan Products"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      There was nothing delayed on my two wheeler loan with ICICI, everything was on time. I approached the loan showroom, so the process was quick I got my bike delivery on time. I had taken the loan amount around Rs.60,000 from ICICI, they all have done a very good job.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 12, 2017
    • ICICI Two Wheeler Loan
      "ICICI TWO Wheelerloan"
      ICICI BANK
      0.5 4.5/5 "Excellent!"
      Best rate of interast and fast process. It was totally a hassle free experience with ICICI Bank on my bike loan, I had taken this loan in Dec 2016 at the loan amount I have opted for 30k approximately and they charges me minimal.I have preclosed loan as i got the money.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 10, 2017
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I got the 2 wheeler loan within 3 days of time with HDFC bank. The rate of interest is nominal with Hdfc 2 wheeler loan. The documentation process was done smooth and easy, but I have faced hassle while doing my endorsement clearance of the vehicles, still they can make it easy, because they do charge for the documentation process.
      Was this review helpful? 2
      , pondicherry
      Reviewed on May 10, 2017
    • L&T Finance Two Wheeler Loan
      "Excellent service"
      L&T FINANCE LIMITED
      0.5 5.0/5 "Blown Away!"
      It was totally a hassle free experience with L&T on my bike loan I did get a good assistance and they contacted me at the right time. They were very polite in their service and really good they were completely in touch with me throughout the process Initially I tried applying in India bulls but they rejected my application but same documents I submitted in L&T they approved it,
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 09, 2017
    • review Two Wheeler Loan
      "Better Service"
      BANK OF BARODA
      0.5 4.0/5 "Great!"
      I had taken two wheeler loan from Bank of Baroda and that was during the year 2014. I got spot loan from the bank with the help of Bajaj showroom. But the interest rate is higher when compared with any other banks. Other than interest rate, they provided a spot loan too.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 09, 2017
    • HDFC Bank Two Wheeler Loan
      "Not satisfied"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I had taken a two wheeler loan from HDFC bank. Yesterday I made EMI payment. But the amount had not been entered in the bank account but it has been debited from my account. So I am struggling to clear the payment issue. Hence I am not happy with HDFC bank because of certain issues especially on the payments.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 08, 2017
    • review Two Wheeler Loan
      "Fast Process"
      BAJAJ AUTO FINANCE
      0.5 4.0/5 "Great!"
      I visited to the showroom around 5 pm in the evening, Bajaj Auto Finance sanctioned my bike loan on same day. They done fast loan process with little documentation but it was little confusing. They approved 90% on funding on bike value, I am very much satisfied with them.
      Was this review helpful? 1
      , lucknow
      Reviewed on May 08, 2017
    • review Two Wheeler Loan
      "Overall good"
      INDUSIND BANK LTD
      0.5 4.0/5 "Great!"
      I have taken my two wheeler loan from Indusind Bank and the process was normal. I received the loan on time and the documentation process was also smooth. The bank was high on the rate of interest and charges I was charged a rate around 12%. Good overall.
      Was this review helpful? 1
      , bharuch
      Reviewed on May 06, 2017
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