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If you have been wondering how to buy a new or a used two-wheeler, you can apply for a two-wheeler loan. With such a loan, you can make your purchase process simpler as you will not be forced to shell out your entire savings on buying a new bike. You can buy any type of scooter or bike from the market with the help of a bike loan. Moreover, you can repay a two-wheeler loan through equated monthly installments (EMIs). You can buy a 200 cc scooter or a 500 cc bike with a two-wheeler loan. Both banks and non-banking financial corporations (NBFCs) offer bike loans at affordable prices. You can choose the interest rate for your loan according to your convenience. There are official bank websites and third-party financial web portals that give a clear picture of loan details. You can take a look at the different features and fees of each loan, and then make a judicious decision.

Bikes are extremely popular in the country as it helps people commute very easily without getting stuck in traffic jams. Also, considering that a lot of families are going nuclear, bikes are more preferred 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.

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% p.a. Apart from your interest rate, you will need to check your processing fee and other charges in order to determine the total expenses of your loan. You can negotiate the interest rate with your lender if you have a credit score or if you have some other way to prove your good repayment ability.

Two-Wheeler Loan Eligibility

Banks do not give loans for your vehicle on your face value. In fact, nowadays, banks are extremely careful about making sure that their customers are able to pay up their loans. This is especially due to the rising debt rate among youngsters in the country. Hence, they have a general set of eligibility criteria for two wheeler loans, among which the following are the most important to cover.

The following table shows the general eligibility criteria for certain factors. These details can differ from bank to bank. You can check with your lender before you apply for a loan.

Particulars Eligibility Criteria
Age 18 or 21 years to 65 years
Employment status Salaried or self-employed
Preferred credit score 750 and above
Employment tenure At least 6 months in the same job
Minimum income Pretty low
Residential stability Applicant should be residing in the same space to show residential stability
Permanent telephone number Required

As discussed in the table given above, it is important for every loan applicant to earn a minimum income. For two-wheeler loans, the minimum income requirement is pretty low. If you earn a decent salary every month, it is good enough. When you approach any lender, you can check with them if they have any specific income requirements. Also, it is important for every loan applicant to have a permanent mobile or landline number so that the lender can get in touch with the applicant anytime for getting any clarification. The number can be your personal number or official number. It is also important for a loan applicant to show residential stability to prove that he or she has been staying in a particular residential property for a reasonably long period. The loan applicant also needs to prove job stability.

Two-Wheeler Industry in India

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. One of the other main plausible reasons for the rise in two-wheelers is that they are easily available to Indians and there are many banks and NBFCs that provide cost-efficient two-wheeler loans.

Additional Interesting Facts to Know About Two-Wheelers in India

  • Some of the top two-wheeler companies in India that offer bikes and scooters include Hero MotorCorp, TVS Motor, Honda Motorcycle & Scooter India (HMSI), Bajaj Auto, Yamaha, Royal Enfield, and many more. The Indian market also has bikes made by foreign bike manufacturers.
  • Some of the best-selling two-wheelers of the year 2017 were Honda Activa 4G, Hero Glamour 2017, Aprilia SR 150, Honda Dio, TVS Apache RTR 160, etc.
  • The future of two-wheelers in India will mainly comprise electric two-wheelers. All bikes will fully run on electricity without any petrol or diesel consumption. The country has had a good start with electric two-wheelers with electric bikes being launched by Electrotherm and Hero Electric. A few other companies that are working towards developing and releasing electric scooters include Mahindra Two Wheelers, Yamaha, Bajaj Auto, and TVS Motor. These bikes will most likely utilise lithium-ion (Li-ion) batteries to be operated. There is also Ather Energy that will release the first electric scooter to be fully developed in India. The scooter’s name is Ather S340.
  • Apart from Indian bike makers, there are also foreign bike manufacturers that are interested in selling their vehicles in the Indian market. This is specifically because they think that India is a highly profitable market for two-wheelers due to the high demand for vehicles. A few of the foreign bike manufacturers that are already selling their vehicles in India include Harley Davidson, Suzuki, Ducati, etc. UM Bikes, US bike manufacturer, has also recently launched its bikes in the country.

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Why Should I Choose a Two-Wheeler 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 the burden of buying a vehicle in a single month.
  • A lot of people cannot afford to buy a vehicle unless they are allowed to pay installments and the majority of buyers fall in this demographic. Two-wheeler finance allow borrowers to pay EMIs comfortably. 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 Loans

There are two types of bike loans available in India, based on the security of the loan:

  • Secured bike loans: You generally take these loans against a security or collateral that may be an asset, such as home, bond, land, 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.
  • Unsecured bike loans: At first, this may seem quite lucrative, considering they require no collaterals to be declared for loan sanction, but it eventually makes you pay a much higher price for your vehicle than you would have paid if you had taken a secured loan. But for first-time buyers, a secured loan is not always possible. Hence, this type of loan is the only option that is viable.

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?

You can apply for a two-wheeler loan through 2 main methods and they include online methods and offline methods. Let us take a look at the process of applying for a two-wheeler loan through these methods:

Online application for two-wheeler loans

  • This is an extremely easy way of applying for two-wheeler loans. It is quick and stress-free.
  • You can visit official websites of lenders that offer these loans or third-party financial websites. Once you visit these websites, you will get details about interest rates, fees, charges, and EMI options associated with each loan. You can compare each feature of various loans and then choose your loan. You can also decide your loan tenure and loan amount by making comparisons online.
  • You may also utilise an online loan EMI calculator, which is available on both financial websites and official bank websites. Here, you can key in different loan amounts, loan tenures, and interest rates. Once you get results for the details that you enter, you can fix your loan tenure and loan amount.
  • When you apply online, you can also submit required documents online by uploading them on the website. This will differ from lender to lender. You can check with your lender before you make the application.
  • Applying online is easy as you can apply from your home or office without having to visit a bank branch and waiting in a long line.
  • Online application for two-wheeler finance reduces overall loan expenses.
  • Most lenders provide door-step delivery of loans when you apply online.

Offline application for two-wheeler loans

  • When you want to apply offline for a two-wheeler loan, you will need to visit a branch of the bank or NBFC that you are interested in.
  • At the branch, you will need to ask for a customer representative to guide you in applying for a two-wheeler finance.
  • You can tell the representative about your preferences and financial condition.
  • You will be required to finish all the formalities before the loan amount is disbursed to your account.
  • When you apply offline, you will not be able to make use of online loan EMI calculators.
  • You also will not be able to compare the several two-wheeler loan options that are available in the financial market. Moreover, you may have to stand in a queue while waiting for your turn to get support from a representative.

Features of Two-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:

  • 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 down payment of only 10%, which is merely considering the prices of an average two-wheeler.
  • Loan partnerships with dealers: Auto-financiers often have special deals 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.
  • 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.
  • 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 up to 4 years, your monthly installments will not affect your income as such as long as you have that in your mind, in your monthly budget.
  • 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.
  • 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.
  • 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 finance better and at the same time avoid defaulting payments.
  • Credit score: As a first-time vehicle buyer or while 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.

To prove the above-mentioned aspects, one will need to furnish relevant documents while applying for a loan.

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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 aspects, the following are the most basic documents that may be required to be submitted along with your loan application to ensure positive results on your loan approval:

Two-Wheeler Loan Documents
Particulars Documentation Required
Photo identity proof Passport-size photographs, at least 2 to 6 are recommended to be kept handy for your loan application.
Identity proof Any one of the following:
  • Passport
  • Electoral Voter Identity card
  • Driving License
  • PAN Card
  • Aadhar Card
Address proof Permanent address proof: PAN card, Driving License Temporary address proof: Bills against your name
Employment proof For salaried employees:
  • Employment or offer letter
  • Bank statements
  • Salary slips
For self-employed individuals:
  • Latest Form 16
  • Bank statements
  • Proof of their source of income

Please note that you will need both the originals and the photocopies while applying for a two-wheeler loan. Hence, we advise you to keep both at an arm's distance.

Two-Wheeler Loan Fees and Charges

Whenever you plan to apply for a two-wheeler loan, you need to consider the fees and charges associated with it. You cannot ignore these charges. Looking only at the actual price of the loan will not give you the right idea about the expenses of your loan. Along with the interest rate, you need to compare the fees and charges for each loan too. This will help you choose the right bike loan as per your preferences and requirements. Let us take a look at some of the common fees and charges that you will need to pay for your bike loan:

  • Processing fees: Processing fees are charged for processing the request for the loan and it is mandatory for most banks. They are also, generally calculated in percentages of the total loan amount. It is also essential to note that this fee 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 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 fee 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 fee 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 is not a part of the processing fees.

Points To Remember Before You Get a Bike Loan

Before you finalise on taking a particular bike loan, you need to keep certain points in mind. Let us take a look at some of the simple guidelines that need to be followed:

  • 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 your full financial profile, allowing them to judge as a customer who will keep to the loan repayment commitments.
  • Research for the best offer: While your dealership may offer you high on flexibility on your vehicle loan, it is essential that you scrutinise other options as well. Compare each product’s various fees and charges along with the interest rates. You can also check the features and benefits of the loan and then decide.
  • Go through the product disclosure sheet, terms and conditions, and product brochure: Before you actually apply for any loan, one of the main things that you may often forget is to check its terms and condition along with proper product details. If you are unsure about any information or if anything seems misleading, you can contact the bank immediately to clarify.
  • Analyse your interest rates: You can use a two-wheeler loan EMI calculator to give you an approximate idea of 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.
  • Fees and charges: As discussed, you should not ignore the fees and charges just because you see a pleasing interest rate for your two-wheeler loan.
  • Documentation: You should keep 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 at 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 two-wheeler hypothecation?

Hypothecation is a process of guaranteeing possessions as a security or a 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 do I 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 or NBFC) and fill them up duly as directed.
  • Get a postal cover and put a Re.12 stamp on it. Remember to put your name and contact details on it.
  • You will be levied Rs.100 as the processing fee for HP termination. Now, you will get the receipt after disbursement.
  • Attach your bike's original RC book, copy of your insurance document, and duplicate copy of valid pollution under a 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. You can find out about this fee by checking online or by contacting a bank representative.

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 case you are not able to make loan repayments on time. As a student, you can apply for loans, but do note that they are treated as special cases and are completely at the bank's discretion.

Outlook Articles on Two Wheeler Loan 2018

  • Learn About Two-Wheeler Loans for Students

    Two-wheelers are one of the most widely used modes of transportation in India since they not only offer easy commute, but also do not burn a hole in the pocket when it comes to maintenance. While there is huge demand for small and medium capacity two-wheelers in the Indian market, a massive chunk of these customers comprise students. However, it is not always easy for a student to purchase a two-wheeler due to lack of funds. Keeping this in mind, there are numerous lenders that offer two-wheeler loans for student buyers. Read further to learn about the features, eligibility criteria, documents, etc. for two-wheeler loans for students and decide whether you are eligible for one. Read More...

  • Best Bikes You Can Purchase in India Under Rs.1 Lakh

    Owing to the rise in disposable incomes and the requirement for an affordable mode of commute, the Indian two-wheeler market is growing each passing day. Even though motorcycles are traditionally more expensive than scooters, there are a number of reasons that one might prefer the former over the latter. In order to cater to this rising demand, two-wheeler manufacturers are introducing a plethora of products to best their competitors in terms of features, pricing, etc. while catering to the needs of all kinds of customers. Learn about the top 10 bikes under Rs.1 lakh and decide for yourself which one is your new favourite. Read More...

  • Buy an Electric Scooter and Take the First Step To Save the Environment

    As the vehicular pollution level continues to rise in the country, the Government of India is planning to make a major shift towards electric vehicles by 2030. Keeping this in mind, many two-wheeler makers have started developing their products in the electric scooter segment to cater the specific requirements of various people. However, choosing the right one out of a plethora of options available in the market is a herculean task. Check out the list of the best electric scooters available in the Indian market and find the one that best suits your riding needs and is within your budget. Read More...

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  • 3 Jawa Motorcycles Being Developed by Mahindra for India

    Mahindra is currently working on the production of 3 new motorcycles for the Indian market. Although no details have been revealed regarding the vehicles, the company has said that the wheels are in motion for the release of the motorcycles with 100 dealerships. Since Jawa has a strong heritage brand value, about 64 dealers from across India have already declared their interest in the vehicles. The founder of Classic Legends, Anupam Thareja, recently said that the company had 2 options, and that the new motorcycles will be released in India very soon.

    29 November 2018

  • Suzuki V-Strom 650XT Priced at Rs.7.46 Lakh, Launched in India

    Suzuki, thee bike manufacturer from Japan, has released the V-Strom 650XT in India. The vehicle is priced at Rs.7.46 lakh. It is the 3rd bike to be assembled in India by the company following the GSX-S750 and the Hayabusa. The V-Strom 650 takes inspiration from its big brother, featuring a beaky front end that comes with a vertical headlamp set up along with a visor that can be adjusted manually. However, the rear end of the vehicle is fairly minimal. The front wire-spoked rims of the vehicle are 19 inches and 17 inches.

    28 November 2018

  • Three New Bikes Expected to be Unveiled by Jawa Next Month

    Jawa Motorcycles, the rival of Royal Enfield, has been operational in Indian markets till the early 1990s, but a drastic drop in sales saw the company fade out in India. Classic Legends Pvt. Ltd., however, has purchased rights to the Jawa brand in India, and plans have begun to re-release a whole series of motorcycles in the months to come. Classic Legends Pvt. Ltd. also purchased 60% stake in Mahindra. A report from the PTI revealed that Jawa has plans to release three new motorcycles in November 2018. Each of the three motorcycles will have engines with capacities over 250cc. Ashish Joshi, the CEO of Classic Legends Pvt. Ltd., the unveiling of the three motorcycles will take place on 15 November. He did not mention the launch date, however, but said that they will be made available ‘very soon’.

    13 November 2018

  • Kawasaki India launches the 2019 Z650 and Z900

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    12 November 2018

  • 2019 KTM 1290 Super Duke GT and 1290 Super Duke R Unveiled at Intermot

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    27 October 2018

  • Festive launch of special edition Suzuki SP at Rs.1 lakh

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    However, the engine has been tuned to have a 14 Nm peak torque at 6000 rpm and 14 bhp at 8000 rpm. Other features are the LED position lights with projector headlamps, LED tail lamp, all-digital instrument panel, alloy wheels, twin seat setup and twin exhaust. For suspension, there are telescopic front forks and a rear Swing Arm monoshock. The front has a single-channel ABS. Both ends have disc brakes.

    25 October 2018

  • Three more bikes to be added to the Ducati Scrambler range

    At the INTERMOT motorcycle show, Ducati introduced three bikes to the Scrambler range - the Full Throttle, Desert Sled, and Cafe Racer. These bikes have a revamped headlamp, self-cancelling LED turn indicators, LED DRLs, switchgear that is more ergonomic, and an instrument panel that is fully digital. The bikes will have the traditional 803 cc L-Twin air-cooled engine that generates 73 hp of maximum power and 67 Nm of peak torque. These also have a 6-speed gearbox for transmission purposes. The bikes have hydraulic clutch control and cornering ABS for added safety as well.

    23 October 2018

  • Thorough Study of Dynamics of the Global Mountain Bike Market in 2018

    The trends depicted by market report dynamics consist of opportunities and challenges which can prove to be effective for the mountain bike industry. According to the experts, the global mountain bike market share might witness a rise by the end of 2023. In addition to the mountain bike market-research investigation, the buyers will also receive invaluable details regarding the generation of mountain bikes worldwide along with its revenue, consumption, supply, cost and gross-margin, export and import volume, etc. This data will be mostly from areas such as North America, Europe, South America, Asia-Pacific, Middle East, and Africa.

    Furthermore, the mountain bike market is analysed based on revenue, sales, and cost. In addition to this specific data, the research will also include supplementary data regarding the sale price for types, region, application, and many more. The report on the mountain bike market report also introduces the business profile, ability, product specifications, contact information of producer, manufacturing value, and stocks of every leading player.

    18 October 2018

  • Launch of Special Edition Ducati 959 Panigale Corse in India

    Ducati has launched the latest variant of the smallest Panigale, the Ducati 959 Panigale Corse, priced at Rs.15.20 lakh, ex-showroom. Bookings are open for the bike across all dealerships in India.

    The bike now comes in fresh colours but it will be powered by the same 955 cc Superquadro, L-twin that generates maximum power of 150 PS at 10,500 rpm. The peak torque reached will be 102 Nm at 9,000 rpm. The engine is connected to a 6-speed gearbox for transmission.

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    12 October 2018

  • Unique Customised BMW G310 GS From Russia to Awe Bike Enthusiasts

    BMW Motorrad - a luxury two-wheeler maker based in Germany - has introduced the G310 GS in multiple International markets. Unveiled at the EICMA 2016, the motorcycle has received good response from buyers in India as well. This bike is manufactured for international markets at the TVS plant located in Hosur. Meanwhile, Crazy Iron has created a unique customised version of the BMW G310 GS that has been doing the rounds in Russia. This adventurous bike carries numerous features that make it one of a kind. The stock version of the BMW G310 GS has 41mm upside forks at the front end and mono suspension at rear. This has been replaced with Damper cells - used mostly in stunt bikes - featuring sliders to absorb any sudden force without transferring it to the frame and engine. Not only does this suspension system reduces the stress on the engine and chassis, it also offers a smooth ride even on bad roads and in case of heavy braking. Additionally, Crazy Iron has outfitted the bike with a crash guard for engine, off-road tyres that offer better grip, and an aftermarket free flow exhaust to help improve the exhaust note. Most of the engine and other mechanical components of the BMW G310 GS has been retained.

    Powered by a 313cc, single-cylinder engine, the BMW G310 GS is capable of generating a maximum power of 34 PS at 9,500 rpm and a peak torque of 28 Nm at 7,500 rpm. Featuring a 6-speed gearbox and dual-channel ABS as standard, the braking duties of the motorcycle is handled by a 300mm disc in the front and a 240mm disc at the rear end. This bike is priced at Rs.3.49 lakh in the Indian market.

    29 September 2018

Essential Two Wheeler Loan Pages
Two Wheeler Loan by Banks
Two Wheeler Loan Articles

Two Wheeler Loan Reviews

Page 1 of 50 1 2 3 4 5
  • HDFC Bank Two Wheeler Loan
    "Best Financial Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    Based on my previous experience i have taken Two wheeler loan from the Hero fin corp . There is nominal rate of interest with nominal processing based on the market price . The customer service and representative explained the terms and condition before taking loan . Overall am satisfied with the service .
    Was this review helpful? 1
    , ghaziabad
    Reviewed on Dec 14, 2018
  • HDFC Bank Two Wheeler Loan
    "Best Financial Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have taken two wheeler loan from HERO FIN CORP . Am satisfied with the rate of interest of which they have offered .They charged for pre closure charges and gave the tenure period of 1 years . Am satisfied with their customer service and response . There are no processing fees for the documentation and the approval process.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Dec 14, 2018
  • HDFC Bank Two Wheeler Loan
    "Excellent service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I am using two wheeler loan with HDFC bank for long time,the loan amount they have given me was sufficient, and the rate of interest they have charged me is lowest compare to other bank, i am happy with there service i got loan on time, and there is zero processing fee and they have not charged any hidden charges.
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 13, 2018
  • review Two Wheeler Loan
    "Excellent service"
    INDUSIND BANK LTD
    0.5 5.0/5 "Blown Away!"
    I have been holding two wheeler loan with Indusind bank for a while, i got loan as i am the using that bank salary account,so they gave me loan , and the loan amount they have given me sufficient, and the rate of interest they have charged me is up to 9.99% which is nominal , there is zero processing fee, overall service is good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 13, 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
  • HDFC Bank Two Wheeler Loan
    "Good in service"
    HDFC BANK
    0.5 4.5/5 "Excellent!"
    I was planning for a two wheeler loan and i had applied with Hero Finance. Well there was no struggle applying for a loan, i had given my documents and within 12 hours the loan was sanctioned and i got my two wheeler delivered. The best thing was the zero cost emi. This is the best finance if you are looking any vehicle loan.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 12, 2018
  • HDFC Bank Two Wheeler Loan
    "Good two wheeler loan"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    They are offered me a interest rate of 11.5% My two wheeler loan was taken from HDFC and i have purchased the loan amount of Rs. 40000 for that they have charged Rs.2500 as a processing fee. I have been paying the EMI of Rs. 2980 per month. The EMI amount has been automatically deducted from my account. Last year i have taken this loan.
    Was this review helpful? 1
    , mumbai
    Reviewed on Dec 12, 2018
  • L&T Finance Two Wheeler Loan
    "Very Good Service"
    L&T FINANCE LIMITED
    0.5 4.0/5 "Great!"
    It was a good experience i had with this loan and the process was simple in getting the loan. The loan amount which they had provided has been sufficient and the interest rate with them has been very much nominal. They did not charge with any additional charges and there has not been any processing fee with them as well.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 11, 2018
  • review Two Wheeler Loan
    "Very good service"
    INDUSIND BANK LTD
    0.5 4.5/5 "Excellent!"
    My experience was very good with IndusInd bank for two wheeler loan, the loan amount was for Rs 45000 with nominal interest rate when compared to others. Customer service was good and they responded on time. Tenure period for this loan was for 11 months.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 11, 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? 0
    , bangalore
    Reviewed on Dec 10, 2018
  • ICICI Two Wheeler Loan
    "Excellent"
    ICICI BANK
    0.5 5.0/5 "Blown Away!"
    I have done a balance transfer of my two wheeler loan to ICICI Bank. It is a quick transfer and the customer support is fine. They are responsive too. The interest was around 12% and the processing charges is normal. They are responsive and in all good.
    Was this review helpful? 1
    , coimbatore
    Reviewed on Dec 08, 2018
  • SBI Two Wheeler Loan
    "Process is good"
    STATE BANK OF INDIA
    0.5 5.0/5 "Blown Away!"
    I have taken a two wheeler loan from State Bank of India. The process for the loan is good. The customer support and response is fine and there are no hassles. The rate of interest and proessing charges is normal. The rate of interest is around 12%.
    Was this review helpful? 2
    , coimbatore
    Reviewed on Dec 08, 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
  • HDFC Bank Two Wheeler Loan
    "Excellent service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have been using my Two wheeler loan with HDFC bank from past 5 months, i am very happy with there loan amount it was sufficient for me a year back only i had taken this loan amount and the best part in this bank is that they give pre- approval on documentation and the rate of interest was nominal and there was no processing fee they have charge in this loan amount.
    Was this review helpful? 3
    , hyderabad
    Reviewed on Dec 07, 2018
  • HDFC Bank Two Wheeler Loan
    "Very Good Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    It has been a good experience with this loan and the process has also been simple. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal when compared with the market rate. There has not been any hassle faced with them and there was no extra charges made.
    Was this review helpful? 1
    , gurgaon
    Reviewed on Dec 07, 2018
  • Tata capital Two Wheeler Loan
    "Average Service"
    TATA CAPITAL LIMITED
    0.5 2.0/5 "Expected more"
    It has not been a good experience i had with the services of them where the interest rate with them has been high when compared with the market rate. There has also been some charges which they had been making as well. Their customer support was good and the loan amount also had been sufficient.
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 07, 2018
  • review Two Wheeler Loan
    "Easy to take vehicle loan"
    UAE EXCHANGE AND FINANCIAL SERVICES
    0.5 5.0/5 "Blown Away!"
    The rate of Interest was okay and the total EMI is for 36 months. They have offered me a floating interest rate. I have purchased the two wheeler loan 1.5 years back. I got the loan amount of Rs. 60000. I'm not sure about the interest rate. I have received the loan within one day. The documentation process very easy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 07, 2018
  • review Two Wheeler Loan
    "Quick process"
    HINDUJA LEYLAND FINANCE LTD
    0.5 5.0/5 "Blown Away!"
    My two wheeler loan was taken in January 2018. I purchased the loan amount of Rs. 50000. I have been paying the EMI of Rs. 3465. I have selected the tenure period of 24 months. I have got my two wheeler loan on the same day. The documentation process was good.
    Was this review helpful? 0
    , vijayawada
    Reviewed on Dec 07, 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
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