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    About Bike Loans:

    Whether you are buying an entry level Scooty Pep+, or a Royal Enfield Bullet with a 350cc engine, you would probably have to opt for a Bike loan. Some of the luckier people who do have the finances to buy it without loan also might consider two wheeler loans because they are easy to have approved and have monthly Installments that are overwhelming. For the rest of the majority of the prospective two wheeler users loans are perhaps the perfect idea.

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    Also, considering that a lot of families are going nuclear bikes are more preferable and economic. The other observation that has been noticed is the rise in the youth demographic in India (18 to 25 years), forming a majority of motorcycle buyers in India. To make this seem like a cake walk, we give you the various aspects of a two wheeler loans, starting from industry specifics of the vehicle in India to the requisites and frequently asked questions about this vehicle finance product.

    Two Wheeler Industry in India (as of. August, 2016)

    The two wheeler industry in India is said to be one of the largest of its kind in the World. Whether it is due to the fact that bikes are the cheapest form of personal transport or the large urban middle income demographic in the country, this motor industry is booming. However, entry level two wheelers, which starts from INR 40,000 in India has slown down by some margins the overall industry is on the rise. The partial reason for the growth is due to fact that, today two wheeler loans are easily accessible to Indians, as numerous banks are offering, a variety of options.

    A few more things that one would be interested to know when buying a two wheeler include:

    1. Indian Two wheeler Heavy Weights Domestically Also in the International Market: Hero MotoCorp had a whopping market share of over 41% from Y-2013 to Y-2014 and still holds the maximum share in the two wheeler industry in India. Some of their popular foreign markets include Africa and Sri Lanka.
    2. Future Potential for Industry: In August 2016, Mahindra Group announced invested a lumpsum on their two wheeler division of INR 500 crores. This is despite running at a loss, in the industry despite of ad campaigns and other investments in their 7 years of existence. It shows how the company does still see potential in this sector and is willing to invest. Currently, they have an ambitious target of selling 30,000 to 35,000 units each year.
    3. Foreign Investments in India: There are also foreign investors who do find India, one of the most lucrative two wheeler market. For example, US-based UM Motorcycles launched their cruiser range of motorcycles in association with Lohia Auto in India. This is not all. Suzuki has also has set a target of selling at least 10,000 units of Gixxers in this fiscal year alone.
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    Why Opt For a Bike Loan?

    Considering the rising number of private cars in the urban regions in India, one might think that, rural area transportation may have similar trends. The truth is that the majority of the rural demographic can afford a two wheeler, mainly due to the availability of loans to buy the same. But the convenience of bikes are not the only factors that make these loans a popular finance product in India:

    • Two wheelers have a better resale value in the long run against cars and hence once your loan repayments are made, you can think of a new vehicle already.
    • A lot of people in India have the money to buy an entry-level motorcycle or scooter at one-go. But this would cause much distress, in terms of finances for the family. Also a part of the lump sum that they have can be used to save or even invest in other investment products such as mutual funds, fixed deposits or even buy Two Wheeler Insurance. In other words, it helps to ease of the burden of buying a vehicle in a single month.
    • A lot of people cannot afford to buy a vehicle unless allowed to pay installments and the majority of buyers fall in this demographic. Also, they have much lower maintenance costs than four-wheelers. The mileage or fuel consumption is also better making it a more convenient buy.
    • The Indian loan market has a lot of options in the form of banks to choose from with competitive interest rates and even throwing in combos for loans and insurance packages taken together. Some even come with the advantage of paying through post-dated cheques.

    Types of TWO Wheeler Loan:

    There are 2 types of Bike loans available in India, based on the security of the loan:

    1. Secured Bike loans: You generally take these loans against a security or collateral that may be an asset, such as home, bonds, lands, etc. While these loans are easily available and have comparatively lower interest rates than unsecured loans, they also carry the risk of losing your asset, in case you are unable to successfully pay off your loan amount.
    2. Unsecured Bike loans: At first this may seem quite lucrative, consider they require no collaterals to be declared for loan sanction, but it eventually makes pay a much higher price for vehicle than you should have paid, if you had taken a secured loan. But first time buyers. Sometimes a secured loan is not a possibility. Hence, this type of loans is the only option that remains.

    However, if one has the liberty, they should choose their loan type based on their priorities, both current and long-term.

    How to avail two wheeler loans?

    A two wheeler loan can be availed in two different ways:

    • Online: In times like these, it is convenient for people to get their work done online. Thus, availing a two wheeler loan online is very mush possible. The process of getting one online is fast and hassle free. As a borrower, you will be able to draw a comparison between the various loans available to you. Knowing the features, benefits and terms of the loan you want to avail is of utmost importance. You can also make use of the EMI calculator online to compute the monthly instalments for the bike or scooter you wish to purchase. You can change the tenure and amount on the EMI calculator which makes the tool pretty dynamic.
    • Offline: The offline method suggests that you need to go to the bank or a lender who will provide you the money you need. You must complete the loan formalities with the concerned lender before the amount is disbursed. With the offline loan application method, you will not be able to enjoy the perks of an EMI calculator. Comparing the perks of different loan offers will also be difficult offline.

    Features of 2 Wheeler Loans:

    There are numerous reasons and benefits of a two wheeler loan, but there are some that stand out. It has mostly to do directly with the financing aspect of it but still is highly valuable to most customers, if they are aware of it. Read on to know the major features that you should look out for in your choice of two wheeler loan:

    1. Margin of Finance: On an average, most 2 wheeler loans will pay for up to 90% margin of finance. This means that you can make a loan downpayment of only 10%, which is measely considering the prices of an average tw-wheeler.
    2. Loan Partnerships with Dealers: Auto-financiers often have special deals with with motorcycle and scooter dealerships to provide convenient loans, which often prove to be cheaper than the ones, if opted separately. Also, as a buyer, you can negotiate freebies and added benefits if the bike or scooter dealership offers you the same.
    3. Relieving Financial Burden: The most beneficial feature is the fact that it helps spread the costs into a yearly loan that will last, based on your requirements, never to be responsible to give you a tough time when it comes to financing it. Some companies also take post-dated cheques for loan repayments, which is also convenient for many.
    4. Annual Income Leverage: Banks often offer these loans to people who are earning as low as INR 50,000 in a year. This means that you do not even have to be in the taxable bracket to get these loans and at the same time you can still afford it. Since, the loan repayment tenure can go upto 4 years, you monthly installments will not affect your income as such as long as you have that in your mind, in your monthly budget.
    5. No prepayment or early foreclosure charges: Most banks do not charge any prepayment charges if you are able to pay up your loaned amount before your tenure ends. This is often suitable for some, because it helps to clear off your debts faster, if you can. At the same time, banks know that two wheeler loans do not have very high loan amounts and hence charge nominally and sometimes do not charge anything at all.
    6. Other Costs Covered: These loans often cover the costs of accessories, insurance and even registration. This means that you are getting finance for not only the vehicle but the essential expenses on the same. It is a good idea to add security accessories and make the most of this opportunity, since the premiums also are made lower if you have extra security and safety features in the vehicle.
    7. Flexibility in loan Tenure: Loans provide borrowers with ample time to pay back for the 2 wheeler loan with tenures that range between 12 to 48 months. A longer tenure helps to manage an individual's monthly fiance better and at the same time avoid defaulting payments.
    8. Credit Score: As a first time vehicle buyer or opting for a loan for the first time, motorcycle loans are a great idea to open your file for your credit score since not only will this be a fast loan to repay but will not affect your credit score with lower chances of defaulting the loan repayments.

    Eligibility Criteria for Two Wheeler Loans:

    Banks will not give you loans for your vehicle, on your face value. Infact today the banks are extremely careful about making sure that their customers are able to pay up their loans, considering the rising debt rate among youngsters, in India. So, they have a general set of eligibility criteria set, among which the following are the most important to cover:

    1. Age: Generally, for two wheeler loans, the banks allow a ripe age of 18 years as the minimum acceptable age for a loan application in India. This is not only because of the factor of reyment capacity, but also the fact that many students use bikes as their form of commute to their institute or college. Some banks may require the applicant to be at least 21 years, too. The maximum age for loan application is generally around 65 years for most banks.
    2. Employment: This is is absolutely essential because banks sanction your loan application based on the fact that you are a salaried individual or at least self-employed, involved in some sort of business or have a source of regular income.
    3. Employment Tenure: Now there are banks that offer special loans to students who are not employed yet, with a system that works similar to an education loan, but if you are applying as non-student, some banks may want to check your stability of income by requiring you to have worked with your current employer for at least 6 months.
    4. Minimum income: The minimum income requirement is really low for 2 wheeler loans and if you are living in urban areas and salaried, it would not need much trouble to cover for. However, it is always a good idea to check for the same because often the minimum income may be based on the loan amount.
    5. Residential Requisite: Banks often require that an individual stay in a singular home as sign of stability in address for loan sanction because to avoid loan defaulters who change their residence often.
    6. Permanent Numbers: Some banks may require to provide a permanent land line number, where they can get in touch with you, whether it is your residence or your office landline.
    7. Credit Score and Ratings: For those who are just starting off their financial portfolio, this loan is a very good path to start with. However, if you already have a credit history, make sure it is good. The most accepted credit score, by banks, that is considered is CIBIL score. This should be be at least 750 to give the loan company, the confidence to help you seek finance for the vehicle. Also, most unsecured loans require you to have a positive CIBIL score, which is not hard to get as long as your bill payments are made and you have a healthy credit history.
    8. Documentation: To prove the above, you are required to furnish some documents, which are comparatively lower for two wheelers, when compared with other loan products. Read the next section to know more.
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    Documentation Required for Bike Loan Applications:

    It is essential to remember that with every eligibility criterion that needs to be covered, comes the requirement to prove it to the bank through documentation. Based on these, the following are the most basic documentations that may be required to be submitted along with your loan application to ensure positive results on the loan loan approval:

    • Photo Identity Proof: passport size photographs, at least 2 to 6 are recommended to be kept handy for your loan application.
    • ID Proof: This not only helps to prove your age, but also works as an alternate document as your address proof. Whatever, you submit as the address proof will be compared with the ID proof. This may be any of the following documents:
      • Passport
      • Driving License
      • Voter ID card
      • Aadhar Card
      • PAN Card
    • Address Proof: There are two types of address proof that you may need to submit based on your current resident. The first one is your permanent address proof and the second is your current address proof. While another ID proof other than PAN Card can be your permanent address proof, your temporary address proof should be any bills that you pay against your name. Some banks ask for multiple bills as current address proof.
    • Employment Proof: There are multiple documents that may be required for this. Generally, it includes your employment or offer letter, salary slips and bank's statements. For people who are self-employed will have to furnish bank statements and their source of income. Also, the latest Form 16 will be required to be furnished.

    Note, that you will need both the the originals and the copies, for loan applications, hence keep both at an arm's distance.

    Two Wheeler Loan Interest Rates:

    Two wheeler interest rates are variable, based on the bank as well as a range of other factors such as your chosen tenure, your credit report and even the vehicle you have chosen to buy. The rates generally vary between a minimum of 11% to 18.25% (as of August, 2016). However, it is essential to understand that sometimes an 11% interest rate may be deceiving with a very high processing fee, which we will come too later. Hence, do not be bought instantly by just the interest rate figure appealing to you. It is a must to consider the other charges and fees levied for a loan for your two wheeler loan as well.

    Fees and Charges Applicable on Two wheeler Loans:

    People when opting for a two wheeler loan have the major requirement of ensuring that they do not pay a lot more than the actual price of the product in the end. To avoid this, people generally consider interest rates. However, low interest rates may not be sufficient to note. There are other factors that need a close consideration which includes:

    • Processing Fee: Processing fees are charged for processing the request for the loan and is mandatory in most banks. They are also, generally calculated in percentages of the total loan amount. It is also essential to note that this fees is non-refundable under any given situation. The amount charged for it varies from bank to bank but ignoring this number often leads to people paying excess for their loan.
    • Prepayment Fees: This is is charged under the circumstance where people are able to pay the repayments earlier than due and sometimes even pay the remaining loan amount earlier. For bike loans this charge is generally very low and sometimes even non-existent.
    • Late-payment Fees: As the name suggests, this fees can be easily avoided, with a little bit of planning. The borrower is generally charged this when crossing the due date for loan repayment, generally is a genuine result of financial crunch or lack of funds. However, banks charge a fee regardless the circumstances.
    • Charges for Conversion: If you wish to change your two wheeler loan from a floating rate calculation to a fixed rate or vice versa, this fees is charged. This is basically a charge for switching, based on your requirements. In other words, it is a flexibility fee.
    • Copy of an Account Statement: Sometimes people may require a statement for their current statement for the loan. While most banks do not charge for getting you a copy of the same, there might be a few banks which may levy a nominal charge for a hard copy of the same.
    • Administrative Fee: This is often a very deceiving name for this fee because it is often confused with processing charges. This charge takes care of the administrative cost to the bank for processing your loan, which are not part of the processing fees.

    Online Application for Bike Loans:

    You do not have to run to the bank for weeks to get a loan sanctioned anymore. Instead have soft copies of all the documents required stored in your system. Go online, compare your options, choose one that offers you to apply online and Razmataz!!! Your loan application is submitted with soft copies of all your documents in very little time. While some banks might even send you a representative to pick up your documents incase you do not have soft copies, some banks take little time for processing a bike finance.

    Once the loan is sanctioned, you will receive the amount and you are ready to buy your new vehicle. Sounds almost as easy as getting a dealership loan offer? Sometimes, it is actually easier to deal with than a showroom loan plan. The best part is that you are able to go through all the details of the loan terms and conditions so that you are aware of the commitment you are getting into when buying a two wheeler.

    Tops Banks Offering Motorcycle Loans in India:

    While this may seem like a cake walk for most, a lot of people end up paying more than they can chew for a two wheeler in India, if they do not take the adequate loan for the purpose. Banks offer you a lot of benefits and really low interest rates for such loans in India, including both private and public sector banks. But the main issue, regardless the bank you choose is the question often ignored by most: Is this the best deal that I can procure for my new vehicle?

    While some may finance a bike a mean of regular commute, others may buy even a second-hand Yezdi for the thrill for it, In India. Regardless the requirements, the most important thing to note is the affordability. While most top loans for two wheelers are highly affordable, it is never a bad idea to make sure that you have the best deal in terms of benefits both basic and added. So, check for all the features and benefits mentioned here and much more if you can.

    Points To Remember Before You Get a Bike Loan:

    We are not calling this section, tips since all these points must be kept in mind when buying a bike mainly because of the fact that when you are buying something as important as a vehicle you need to be aware of both your rights as well as commitments. So, here is what you need to keep in mind:

    1. Perfect Your Credit History: Starting with your CIBIL score to the last mobile post-paid bill payment, today is the time for you to make amends in your credit history if you want to get a two wheeler loan at reasonable interest rates. You need to understand that most loan companies are slowly getting access to you full financial profile, allowing them to judge as a customer who will keep to the loan repayment commitments.
    2. Research for the best offer: While your dealership may offer you high on flexibility, on your vehicle loan, it is essential that you scrutinize other options as well. Compare each product's and look through the various fees and charges, along with the interest rates. Check the features and benefits as well and then decide.
    3. Go Through the Product Disclosure Sheet/ Terms and Conditions/ Product Brochure: Before you actually apply, the last thing that you may often forget is to check their terms and conditions, etc with proper product details. If you are unsure about any information or it seems misleading, contact the bank immediately to clarify.
    4. Analyse Your interest Rates: You can use a two wheeler loan EMI calculator to give you an approximate idea about how much you actually owe ultimately. You should also note other things such as whether it is a fixed or floating rate, different base rates, etc. Every bank has a different way of calculation, with different numbers and this needs to be understood well by you.
    5. Fees and Charges: As repeatedly mentioned, do not ignore these numbers and amounts if you see a pleasing interest rate for your two wheeler loan.
    6. Documentation: Have all your documentation ready, because once you are sure about a loan product, you can instantly apply online or at the dealership.

    FAQs on Bike Loans:

    1. Do I need to visit the bank to avail a two wheeler loan?

      Absolutely not. In fact, in the case of a dealership, the showroom will take care of the things related to the loan sometimes with a representative from the bank available in the showroom. Else, you can apply online. While some loans require soft copies of documentation, others will simply send a bank representative to collect the documentation and even discuss the product with you.

    2. When do I know that it is the right time to apply for a two wheeler loan?

      The only way you can find it out is by calculating your finances, both currently and for the future. Use an EMI calculator to do so and get an estimated number in your head for monthly repayments. Once you think you can afford it, nothing should stop you, unless you have a terrible credit history.

    3. Will the bank pay for the whole bike or scooter?

      Different banks offer different margins of finance. While some may offer you only 80% margin, do not be surprised when you get 90% covered as well. It is essential to note that most top banks will offer you the full cost of your new vehicle, including other costs such as insurance and accessories.

    4. Is it essential to take a personal accident insurance when riding a two wheeler?

      Absolutely yes, since riding a two wheeler has a lot in stake against riding a closed four-wheeler.

    5. Can I pay the full loan repayment, before the tenure for the loan ends?

      Yes, sure you can. You might be charged a nominal pre-payment charge for the same.

    6. Will I be allowed to choose between MLCR and base rates?

      The bank's terms and conditions on the same actually, rule over that. However, different banks will give you different numbers, resulting differently. So, to be absolutely sure, refer to their product brochure or literature.

    7. What is 2 wheeler hypothecation?

      Hypothecation is a process of guaranteeing possessions as a security/ collateral for the settlement of your loan. In other words, it is an entitlement against the pledged asset as a security of a debt in a contract between you and the bank.

    8. How to cancel my two wheeler hypothecation?

      The steps for two wheeler hypothecation, are as follows:

      • Once your loan is completely repaid, keep the receipt as a proof.
      • You will be given two forms of Form 35 from the lender (bank) and fill them up duly as directed.
      • Get a postal cover and put a 12 rupee stamp on it. Remember to put your name and contact details on it.
      • You will be levied INR 100 as the processing fee for HP termination. Now get the receipt after disbursement.
      • Attach your bike's original RC book, copy of your insurance document and duplicate copy of valid pollution under control certificate along with the aforementioned postal cover and submit it to the Regional Transport Office.
      • You will get a receipt from the RTO as a proof of your submission.
      • You will be sent the RC book by speed post in less than a week.
      • Please keep the copy of all the original papers that you have sent.
    9. Will I be allowed to switch from a floating rate to a fixed rate of interest or the other way round for my two wheeler loan?

      Yes, some banks make it possible to do so. But, they also charge a conversion rate for the same. This fee can be looked up for each product, at the fees and charges sections.

    10. If I am 18 years old, but I don't have a job yet, can I apply for a two wheeler loan?

      Yes, some banks may allow you to do so, as long as you have a collateral or a guarantor to support you in the case, you are unable to make loan repayments on time. As a student, you can apply for loans, but note that they are treated as special cases and are completely at the bank's discretion.

    Read Two wheeler Loan news or Enjoy it on the go

    • Bajaj is creating a brand for electric two-wheelers known as Urbanite

      Bajaj Auto is working towards creating an all-new electric two-wheeler brand known as ‘Urbanite’. This new brand aims to meet the unique needs of people who prefer to use electric vehicles exclusively. The brand intends to work similar to Tesla in terms of launching proper electric vehicles.

      It is reported that two-wheelers and three-wheelers from this brand will be released in the market by the year 2020. This brand will need to face competition from Lohia and Hero Electric in the nation. There are also reports that TVS will enter the electric two-wheeler sector.

      19th September 2017

    • TVS Motors gearing for the launch of electric two-wheelers in a short while

      TVS Motors is in the process of developing both electric bikes and scooters with a plan to launch them in the market pretty soon. This Chennai based two-wheeler company, having some experience with electric vehicles in the past, is eager to roll out electric models that will suit the new-age riders.

      According to Aniruddha Halder, the Vice President of TVS Motors, they are keen about strengthening their presence in the futuristic EV (electric vehicle) space in India. Harnessing the power of the evolving technologies, they are positive about building products that will cater to the real needs of the everyday consumers.

      Although the timeline and the product details are not revealed on company’s behalf, two-wheeler enthusiasts can expect the products hitting the domestic market anytime soon.

      18th September 2017

    • Gujarat bagged funds for development project in Mandal-Becharaji Special Investment Region

      The two-day India visit of Japanese Prime Minister, Shinzo Abe, is going to open up wide growth prospects for Gujarat. This tour has brought a number of projects to Gujarat, the most significant one being the Indo-Japanese industrial corridor project in Mandal-Becharaji Special Investment Region involving an investment of Rs.1,000 crore. The project targets to bring upstream as well as downstream investment opportunities by harnessing the vast potential of this region.

      On Thursday, during the 10th Japan-India summit meeting held at Mahatma Mandir in Gandhinagar, Japan’s Ministry of Economy, Trade & Industry (METI) signed a Memorandum of Understanding (MoU) with the Government of Gujarat in presence of the respective Prime Ministers of both the nations. As per the reports, the corridor will be based on public-private partnership model which will generate huge scopes for investment while fostering massive economic growth and development in Gujarat.

      14th September 2017

    • Royal Enfield Makes a $2 Billion Bid For Ducati

      Royal Enfield has cleared the first round of bidding for the Volkswagen Group owned Ducati and has reportedly offered $1.8-2 billion. Eicher Motors which is Royal Enfield's parent company is seemingly the only Asian company participating in the bidding process for the Italian motorcycle brand which has been valued at around 1.5 billion Euros.

      The move to sell Ducati is believed to fund Volkswagen’s electric mobility plans. Winning the bid can power Royal Enfield’s brand equity and will help the company upgrade their technical and engineering strengths. However, the bidding process is currently on halt due to resistance from German trade unions.

      12th September 2017

    • United Bank of India waives processing fees for retail loans

      Similar to that of State Bank of India (SBI), United Bank of India (UBI) is waiving 100% processing fees for retail loans such as home loans and motor loans (two-wheeler loans and car loans) to attract customers during the festive season. Home loans from UBI are available at 8.55% interest rate regardless of the loan amount and loan tenure. The bank is waiving 50% processing fees for personal loans, gold loans, and mortgage loans.

      11th September 2017

    • Ducati SuperSport launch scheduled on September 22

      Ducati India declared the launch of its new SuperSport motorcycle on September 22. Bookings for the new model have already started and the deliveries are expected to begin right after the launch. Industry experts are anticipating the release of both standard as well as SuperSport S models during the end of this month. The expected price of this SuperSport model from the brand of Ducati is around Rs.11.5 lakh.

      As per the reports, the upcoming Ducati will be more of a regular superbike offering a relaxed riding posture to the riders. This new model powered by 937 cc Testastretta L-Twin and six-speed transmission will offer up to 110PS engine speed and 93Nm torque. The advanced features of the new model include a quick shifter for intense gearshifts and brakes with Brembo M4-32 monobloc callipers.

      Both the standard and SuperSport S model will come with 3 different riding modes, one of which will be having limited output of around 75PS and an instant throttle response. These models being mated with advanced features like adjustable suspension setup, Pirelli Diablo Rosso III high-performance tyres and Ducati Traction Control (DTC), is expected to take the market by storm just after the launch.

      8th September 2017

    • Carberry rolls out India’s first Royal Enfield 1000cc engine

      Carberry Motorcycles have rolled out the first Royal Enfield 1000cc engine by fusing two 500cc engines in the V-Twin format. Dubbed as the double barrel, the newly developed 1,000cc engine is capable of putting out 53hp and 82 Nm of peak torque. It has been priced at Rs 4.96 lakh, but for can only be used with existing Carberry bikes that have been homologated. The company is in the process of getting the pre requisite clearances from ARAI. You can order the engine by paying half the amount as a booking deposit. The engine has a 4-7 month waiting time. Priced at an approximate of Rs.7 lakh, the Carberry Motorcycles revealed the new 1,000cc engine that was made by fusing two 500cc blocks from the newer Royal Enfield UCE engine. It runs on a dual carburettor setup but a new fuel-injected model, which will be BSIV compliant, is being developed in India.

      16th August 2017

    • 2 New Bikes added to 2018 Indian Motorcycle Lineup

      Two-wheeler manufacturer Indian Motorcycle has declared its 2018 lineup, with 2 new bike models - the Indian Roadmaster Elite and the Indian Springfield Dark Horse. The Roadmaster Elite is an ultra-premium bike with custom-inspired hand-finished dual-tone candy paint that takes at least 30 hours to apply. It boasts of real 23K gold plated badging on the lowers and on its tank. The Roadmaster Elite comes with a number of premium features, including the Ride Command system, passenger armrests, a 300-watt exclusive audio system, driver and passenger floorboards made of billet aluminum, a touring console, and pinnacle mirrors. The Springfield Dark Horse has a new front wheel with 10 spokes and an open fender. As in with other models of Dark Horse, this bike comes with matte black overall paint job, and gloss black highlights. The new bike has standard Dark Horse features with an open fender showcasing the 19-inch ten-spoke front wheel. It also features removable windshield with blacked-out bracket. Indian Motorcycle has also upgraded its Chieftain Dark Horse model for the 2018 lineup. It now comes with all standard Dark Horse features and an infotainment system. The Chieftain Limited leads the Dark Horse pack with 3 new added colours - including Blue Fire, Thunder Black Pearl, and Bronze Smoke, besides the original Steel Gray. The 2018 lineup of Indian Motorcycle will be available in the US from September 2017. There has been no announcement on when the new models will be made available in India. However, the new Indian Scout Bobber, also a part of the 2018 list, and was recently launched, will be up for sale in India by the end of September this year.

      8th August 2017

    • Hungarian bike Keeway to be launched DSK

      After debuting the superbikes Hyosung and Benelli in India, DSK Motowheels is set to add a third brand with the launch of the Hungarian Keeway motorcycles. The chairman of DSK Motowheels, Shirish Kulkarni, said that they are in talks with Qianjiang Group (QJ) of China which acquired the Keeway brand. DSK has a tie-up agreement in place with QJ Group for their product Benelli. It all set to add Keeway to their portfolio. Keeway products are undergoing the homologation process which is set to be completed in 6 months. It will be launched in India thereafter in another couple of months. The Keeway brand would not be sold through the Benelli network. Instead DSK will be using the struggling Hyosung network to distribute the Keeway, given that the response to Hyosung has been rather underwhelming, and also because of changes at the South Korean bike company. DSK Motowheels is expected to add a new Hyosung bike to their product range soon. It has set up a bike assembling facility in Pune, Talegaon with investments of up to Rs.100 crore and a manufacturing capacity of 10,000 bikes. DSK sold 4,000 Benelli bikes last year and expects to sell 6,000 units in 2017 with the launch of 300cc 302R model. India is the third largest Benelli superbike market, right after China and Thailand.

      2nd August 2017

    • BMW all set to launch the G 310 R next year

      In what is a thrilling announcement for all bike aficionados, BMW has recently said that they are all set to roll out the G 310 R, I early next year. The price range for these bikes would be roughly between Rs.14 Lakh and Rs.28 Lakh. According to BMW, the BMW G 310 R is powered by an all-new 313 cc motor that makes 34PS at 9,500 rpm and generates 28Nm at 7,500rpm. This monster of a bike will be controlled by a 6-speed transmission. The BMW G 310 R will be manufactures at the TVS Hosur facility.

      24th July 2017

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    • HDFC Bank Two Wheeler Loan
      "Better"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have closed the two wheeler loan with the HDFC bank and they have disbursed the loan amount on immediate basis. I would like to say that the response is good one for me with the HDFC bank.
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      , kottayam
      Reviewed on Sep 22, 2017
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      INDUSIND BANK LTD
      0.5 1.0/5 "Really Bad"
      I have taken a two wheeler loan from INDUSIND BANK. The approved loan amount was 43 thousand. I paid the whole amount.At that time the amount is paid through cheque but the last 3 payment some executive from the bank end came and collected by the time the cheque got bounced and no one informed me regarding that.
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      , thrissur
      Reviewed on Sep 22, 2017
    • review Two Wheeler Loan
      "Its Better"
      INDUSIND BANK LTD
      0.5 4.0/5 "Great!"
      I had two wheeler with Indusind around Rs. 63,000 again I had one more two wheeler loan around Rs. 34,000 both was good. Indusind bank two wheeler interest was average, they are really doing good job. I am fine with their service and their offers.
      Was this review helpful? 0
      , khammam
      Reviewed on Sep 21, 2017
    • HDFC Bank Two Wheeler Loan
      "Good one"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      My feedback for HDFC two wheeler loan is very good. Late fee and interest charges levied was very high. It was once I missed to pay rs 2200 for which I am supposed to pay rs 800 which includes cheque bounce and other charges too it would be great if the bank waives it off.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 21, 2017
    • HDFC Bank Two Wheeler Loan
      "Approachable Two wheeler loan"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      As i hold my salary account with HDFC i have applied for a two wheeler loan and with in a day i got the loan amount disbursed from the bank end. The approved loan amount was 74 thousand with 8.5% rate of interest. The monthly EMI is 2700 for 3 years.
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      , dharmapuri
      Reviewed on Sep 21, 2017
    • HDFC Bank Two Wheeler Loan
      "Good Experience"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I took the two wheeler loans from HDFC one is around 35,000 and another 38,000. For one loan I paid the EMI of Rs. 1450 for 36 months and for other Rs.2290 for 24 months. Finally I paid all the amount and closed my loan, I got NOC from their end.
      Was this review helpful? 0
      , kollam
      Reviewed on Sep 21, 2017
    • review Two Wheeler Loan
      "Excellent"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have closed the two wheeler loan with the Bajaj Finserv and the interest rate is up to 11.2% and the loan amount got disbursed on immediate basis. Customer service is good one with them and the response is also a good one with the Bajaj Finserv.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 21, 2017
    • review Two Wheeler Loan
      "IT WAS OK ."
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      The overall experience i had with BAJAJ FINSERV was OK as i took a 2 wheeler loan from there . the BAJAJ FINSERV does have a good customer service provided to the customers . there are high deduction charges . they also charge real high penalty if the EMI is not paid on time . even if the amount is not deducted in the time still they charge the penalty that is really not good .
      Was this review helpful? 0
      , surat
      Reviewed on Sep 21, 2017
    • HDFC Bank Two Wheeler Loan
      "Awesome service "
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      The HDFC bank has given me a 2 wheeler loan within day time. The customer service is good with HDFC bank. The rate of interest is nominal with HDFC bank. The HDFC bank has given me 95% of loan . I go the tenure of 2years. I am happy and satisfied with the loan amount.
      Was this review helpful? 0
      , hubli
      Reviewed on Sep 20, 2017
    • review Two Wheeler Loan
      "EXCELLENT"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I have taken the bike loan with the Bajaj Finserv. The biie amount was 38000 rupees and down payment was 14000 rupees ans emi was around 2779 roi was 12% The loan amount got disbursed to my account within time. Response is very good with the Bajaj Finserv and the customer service is really good with them
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 20, 2017
    • review Two Wheeler Loan
      "EXCELLENT"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I have taken the bike loan with the Bajaj Finserv. The loan amount got disbursed to my account within short time.Response is very good with the Bajaj Finserv and the customer service is really good with them the bike amount was 60000 rupees and down payment was 16000 rupees an the EMI is around 2498.
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      , ranchi
      Reviewed on Sep 20, 2017
    • review Two Wheeler Loan
      "Good"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have got the two wheeler loan with the Bajaj Finserv and the loan amount got disbursed on immediate basis. Customer service is good one with the Bajaj Finserv and their response is good one and there are worries on it.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 20, 2017
    • HDFC Bank Two Wheeler Loan
      "Approachable bank"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan from HDFC bank. The approved loan amount was 17000. i got the approval within a week. The rate of interest is 10% with a EMI of 3000. The tenure period for this loan amount is 1 year. Even the executive came to my place to collect the documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 18, 2017
    • HDFC Bank Two Wheeler Loan
      "Process is fantastic"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have earlier taken a two wheeler loan from HDFC Bank and the process to get my loan through was great. It was simple and very much on time. Like wise the bank has not charged me a high interest rate and they were minimal on their processing charges too.
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      , pondicherry
      Reviewed on Sep 18, 2017
    • review Two Wheeler Loan
      "Better"
      KARNATAKA BANK
      0.5 4.0/5 "Great!"
      I have got the two wheeler loan with the Karnataka bank and they have provided around 50% of the cost of the vehicle as loan. Response was good one with the Karnataka bank , also they have taken so many months to sanction the loan amount.
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      , bangalore
      Reviewed on Sep 17, 2017
    • review Two Wheeler Loan
      " Disappointed service"
      TVS FINANCE
      0.5 1.0/5 "Really Bad"
      I am very disappointed with the loan procedure of TVS finance, duration the demonetization I have missed a payment, but they didn't accept that they were very rude to me, I don't like that way they gave service on very next month I paid entire amount and closed my loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 16, 2017
    • HDFC Bank Two Wheeler Loan
      "Good if interest are reduced"
      HDFC BANK
      0.5 3.5/5 "Pretty good"
      HDFC banking services are good when compared to other banking services it maintains good rate of interest that would accelerate the market norms and .When i availed loan for the two wheeler the rate of interest is 18.5% which is very high but i liked the bike so had to bend for it with no better options .Not bad tenure period .Customer services are also good
      Was this review helpful? 0
      , kakinada
      Reviewed on Sep 16, 2017
    • review Two Wheeler Loan
      "Customer friendly"
      BAJAJ AUTO FINANCE
      0.5 5.0/5 "Blown Away!"
      Two years before I have purchased Pulsar 220 worth Rs. 1 lakh, I took the two wheeler loan from Bajaj Auto Finance around Rs. 60,000. My monthly EMI was around Rs.3500, later on I have foreclosure my two wheeler on march, Bajaj never charged any extra fee.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 16, 2017
    • review Two Wheeler Loan
      "They should be transparent in their process"
      BAJAJ AUTO FINANCE
      0.5 3.5/5 "Pretty good"
      I have purchased Bajaj two wheeler, hence I went for Bajaj Auto finance at that time I doesn't know about the interest rate. I purchased the bike in 2009, they have taken so many hidden charges on the loan process with high interest rate it should transparent.
      Was this review helpful? 0
      , gwalior
      Reviewed on Sep 12, 2017
    • HDFC Bank Two Wheeler Loan
      "GOOD SERVICE"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I had taken a two wheeler loan from Axis bank and their interest of rate is minimal and their customer service is an excellent one, also the response was very nice. The loan amount got disbursed to my account within same day the loan amount was 54000 and the down payment i had made is 30000 rupees the two wheeler name is Honda activea.
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      , hyderabad
      Reviewed on Sep 09, 2017
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