• Two Wheeler Loan

     4.5 / 5.0   by 2092 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Plan Benefits

    Policy Coverage

    Customer Service

    Claim Experience

    Responsiveness

    About Bike Loans:

    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 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.

    Perfect Personal Loan Deals for you

    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.

    Eligibility Criteria for Two-Wheeler Loan Applications

    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.

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

    You May Like To Read : Two Wheeler Insurance.

    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 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 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...

    Products you might be Interested

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Read Two wheeler Loan news or Enjoy it on the go Google Play

    • Ducati Multistrada 1260 and 1260 S released in India

      The most awaited touring bikes Ducati 1260 and 1260 S are released in India on 19 June 2018. While the 1260 version is launched at a starting price of Rs.15.99 lakh, the 1260 S is released at Rs.18.06 lakh (ex-showroom price). The list of revamps that these facelift Ducati bike versions received include a Testastretta DVT 1262 cc engine, fresh chassis framework, and upgraded electronics. The newly developed 1262cc engine is capable of producing around 158 BHP @ 9750 RPM and around 129 NM of torque @ 7500 RPM. The bookings for these bikes have already been opened and these can be scheduled for delivery from the last week of June 2018.

      20 June 2018

    • e-Motion Motors Unveils an Electric Performance Bike

      Coimbatore-based startup, e-Motion Motors, launched the first electric performance two-wheeler. The ‘Surge’ was unveiled on June 11, World Environment Day.

      The CEO and Founder of the company stated that the Electric Vehicle (EV) industry is still in its fledgeling stages. He stated that most EVs in the country have glitches that need to be rectified and that using electric vehicles should not compromise the performance of the vehicle.

      18 June 2018

    • Electric Two-Wheeler Prototype Expected Unveiled by eMotion Motors

      eMotion Motors – a start-up based out of Coimbatore, has unveiled the prototype of the company’s very first product – a geared electric bike called Surge. The unveiling of the vehicle coincided with the World Environment Day. The Chief Executive and founder of eMotion Motors, Pranav Singanapalli, said that the Surge will be India’s very first geared electric bike. At the moment, there are a handful of companies that produce electric scooters that come with basic features, low range and low power. The only good thing about these vehicles is that they do not pollute. According to Singanapalli, the Surge will be rich in features and will be available in two variants. The top speed of one variant is expected to clock at 120 km/hr. The vehicle will be able to cover 100 kilometres on one charge, and the battery can be charged fully in just 30 minutes.

      15 June 2018

    • Premium two-wheeler sales in India cross 1 million units

      Premium motorcycle sales in India have exceeded 1 million units in the financial year 2017-18. The growth is higher than that of the overall bike segment.

      In India, premium bikes constitute 5% of the overall sales. But industry experts are of the opinion that these figures are on the rise as an increasing number of buyers are opting for more powerful vehicles, which are usually priced above Rs.1 lakh. In FY 2018, the premium bikes segment (with displacement of above 150cc) saw a growth of 20%, selling 1.02 million units.

      Easy access to two-wheeler financing has enabled the youth to opt for high-performance/premium bikes as well.

      The growth in the premium bike segment can be completely attributed to the sales figures of Royal Enfield. The company sold more than 8 lakh units in the last financial year. Royal Enfield also overtook Yamaha that sold relatively cheaper alternatives to the Enfield motorcycles.

      14 June 2018

    • Indian electric superbike Mankame EP-1 can cover 500 km in one charge

      While the electric motorcycles are still in their initial stage of development in the country, an Indian startup, Mankame, based in Hubli, Karnataka, is going to release a new electric superbike in the market shortly. Due to its striking details, this superbike named as EP-1 is already in the news and creating ripples in the Indian EV space much before its launch. As per the details provided on its official website, this India-made electric motorcycle is able to run around 500 km in one single charge which is much more than the capacity of other electric performance bikes available in the Indian EV market at present. Moreover, this powerful driven by an 18.4 kWh battery from Samsung can easily reach a top speed of 251 km/h within a short time which is fairly high even for the standard petrol/diesel bikes. This powerful superbike will also come with a robust electric motor which can generate a maximum of 40 KW or 54 Bhp of power and 432 Nm of torque. Though the launch details of this supreme electric bike are not confirmed yet, it can be expected to hit the market soon.

      13 June 2018

    • Launch of Suzuki Gixxer 150 ABS in India; price starts from Rs.87,250

      Suzuki Motorcycle India Private Limited (SMIPL) has announced the launch of the Gixxer with an Anti-lock Braking System (ABS). The new bike variant has a front wheel speed sensor that provides better stability to the bike and gives braking force that is controlled. The bike has a 4-stroke, 154.9 cc, BS-IV compliant engine that churns out 14.8 ps of power at 8,000 rpm. The maximum torque produced is 14 Nm at 6,000 rpm.

      Other updated features of the bike include the LED taillamps, AHO headlamps, large wheels, and fully digital speedometer. The bike is also equipped with a two-piece rear fender, three-spoke light wheel, and twin exhaust.

      The bike will be made available in three colours - the Candy Sonoma Red/Metallic Sonic Silver, Metallic Triton Blue/Glass Sparkle Black, and Glass Sparkle Black. Prices for the Gixxer will start from Rs.87,250, ex-showroom Delhi.

      6 June 2018

    • Bookings for BMW G310GS and G310R Start in India

      The much anticipated release of BMW Motorrad’s bikes, the G310GS and the G310R is nearly here. A handful of dealers across India have begun accepting bookings of these motorcycles for around Rs.50,000. The official release will happen sometime between the last week of June and early July. Deliveries have been promised within 2 weeks of the release by the dealers. The dealers have also sad that the booking amount is completely refundable. Although the official pricing is not revealed as yet, some dealers say that the G310GS and the G310R will be priced around Rs.3.6 lakh and Rs.3.3 lakh respectively.

      4 June 2018

    • Yamaha Launches New Three-Wheeler for Rs.12.31 Lakh

      Yamaha launched the Niken at the 2017 Tokyo Motor Show and it was a huge hit. A year later, the company has launched the three-wheeler in in the UK and prices start at GBP 13,499 (around Rs.12.31 lakh). However, this price does not include import duties and taxes. People who are interested in purchasing the vehicle can now book it online and visit the dealership of the company to finish the purchase. Deliveries are expected to commence within the next two month. The vehicle gained popularity at the Tokyo Motor Show due to its captivating three-wheel mechanism, with two at the front and one at the back.

      4 June 2018

    • India launch of the Royal Enfield Classic 500 Pegasus

      Royal Enfield has launched the Classic 500 Pegasus in India. The bike is a limited edition model and only 1000 units of it will be manufactured on a global scale. Out of this, 250 units are being set aside for sale in the Indian market.

      The bike will be available in the Service Brown colour with the Pegasus motif and a serial number indicated on the tank. The two-wheeler will have a 499 cc single-cylinder, air-cooled motor that creates maximum power of 27.5 PS and peak torque of 41.3 Nm.

      The on-road price of the bike is Rs.2.49 lakh in Mumbai. This cost includes the price of the helmet, a Pegasus shirt, and the canvas panniers. Online bookings for the bike will commence on 10 June 2018.

      1 June 2018

    • Mahindra Finance Organised Maha Loan Mela for Vehicle Purchase

      Mahindra & Mahindra Financial Services Limited (MMFSL) - a rural non-banking financing company (NBFC) based in Mumbai - recently organised a 2-Wheeler to 20-Wheeler Maha Loan Mela on 25 May 2018 and 26 May 2018. This event was held between 10:00 am and 7:30 pm at Mini Stadium, Town Hall, Opposite Electric House, Udhampur. The two-wheeler manufacturers who participated and showcased their products through dealerships during this mela include Hyundai, Tata Motors, Honda, Maruti, Toyota, Renault, Nissan, Mahindra Genset, Mahindra and Swaraj Tractors, M&M, and Mahindra Trucks. The idea behind this mela was to provide customers access to a variety of products from multiple manufacturers at a single convenient location. During this event, potential vehicle buyers were able to compare their choice of vehicles, test drive them, and make an informed decision without having to visit different dealerships, thereby, saving precious time.

      31 May 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
    • review Two Wheeler Loan
      "Nice company to take loan"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have purchased a Bajaj 200NX bike from the showroom. In the direct showroom, I have applied the loan. I have paid 38000 from my hand for rest of the amount i have taken the loan balance 93000 i have taken from Bajaj. I used to make the EMI Rs. 5131. I have opted the tenure period of 21 months. Already 10 months are over hence 11 months is yet to pay. Their is some hidden charges however I'm not aware of it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2018
    • L&T Finance Two Wheeler Loan
      "Good service"
      L&T FINANCE LIMITED
      0.5 3.0/5 "Satisfactory"
      The process in getting the loan has been very good and the loan amount which they had been provided has been very good. The loan has reached on time as well. The interest rate has been very good and there has been no problem with the services which they had provided.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2018
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took a Bike Loan from the Bajaj Finance for 50000, it was very easy process . The loan was applied and processed at the showroom. I got the loan with in 2 days. Overall it has been a smooth and hassle free bike loan experience with the Bajaj Finance.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2018
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took a bike loan from the Bajaj Finance . The loan amount was 1.25 Lacs, The application just took 5 Minutes. It was so fast. The loan was applied at the showroom and processed pretty soon. Overall it has been a smooth and hassle free experience with the Bajaj Finance .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 21, 2018
    • Tata capital Two Wheeler Loan
      "Excellent"
      TATA CAPITAL LIMITED
      0.5 5.0/5 "Blown Away!"
      My two wheeler loan was taken with TVS 15 months back. The loan amount was 30,000 and the given interest rate was satisfactory . The tenure period was1 5 months . The customer service and responses was good. The process was very smooth and hassle free . They have sanctioned the loan with the committed time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2018
    • HDFC Bank Two Wheeler Loan
      "Smooth Process"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken the Unicorn bike by using the two wheeler insurance. I have taken the bike in dealer showroom in that showroom itself HDFC people were there. I have paid the down payment of 12000. Total bike cost was 74000. Balance amount they have converted as two wheeler loan. I have taken a loan in the year of 2011. I paid the EMI of Rs. 3500 every month. I have taken the tenure period of 1 year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • review Two Wheeler Loan
      "Very good "
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      I have a Two Wheeler Loan taken from IndusInd bank for the bike which I took 10 years ago, the process that took place was quite good, I received the money on time and the rate of interest they have charged on the loan was also quite OK, I had a good experience with IndusInd in terms of loan that I have taken.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2018
    • review Two Wheeler Loan
      "Average service"
      BAJAJ AUTO FINANCE
      0.5 3.0/5 "Satisfactory"
      I got the two wheeler loan from the bajaj auto finance around 2years ago. The service was average with the bajaj and it would be good if they can improvise their service. They have approved the loan amount up to 85% and I am satisfied with it. The rate of interest and the charges were high with the bajaj auto finance two wheeler loan services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2018
    • HDFC Bank Two Wheeler Loan
      "Best service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan with HDFC bank and my loan experience was good, the loan amount was for Rs 70000 with nominal interest rate when compared to other banks.l It was a preapproved loan with the tenure of 3 years out of which i have completed 6 months.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 20, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have taken two wheeler loan with Bajaj finserv and my loan experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to other sources. Customer service was good and the tenure period for this loan is 15 months.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • HDFC Bank Two Wheeler Loan
      "Better"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      I am having the two wheeler loan with the HDFC bank. Rate of interest is good one while compare with other bankers. I am happy with the HDFC bank and everything is better one with the HDFC bank, also am really happy with them.
      Was this review helpful? 0
      , guntur
      Reviewed on Jun 20, 2018
    • HDFC Bank Two Wheeler Loan
      "Need to reduce charges"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have taken a two wheeler loan with HDFC bank and the experience was good, the loan amount was for Rs 55000 with high interest rate when compared to other banks. I received my loan amount on time and the customer service was good. The tenure for this loan is for 2 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 19, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have taken two wheeler loan from HDFC bank , they did instant approval process regarding documentation . They provide with promising rate of interest which is satisfied for me , i got tenure period of 2 year and paid the payment through ecs. Overall am satisfied with their customer service and response .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • review Two Wheeler Loan
      "Excellent"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      I have taken the two wheeler loan with the Indusind bank. Everything is wonderful one for me with them. They have given the loan amount within ten working days of time. Every aspects are better one with the Indusind bank for my two wheeler credit.
      Was this review helpful? 0
      , karimnagar
      Reviewed on Jun 19, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      Got my Two wheeler loan from HDFC . They took some time for approval and documentation. Am satisfied with the promising rate of interest which is nominal one. Their customer service and response is good. They gave the tenure period of 2.5 Years . Making the payment through Ecs on-line banking. As i hold my salary account in HDFC that why i had chosen for two wheeler loan .
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 19, 2018
    • HDFC Bank Two Wheeler Loan
      "Very good"
      HDFC BANK
      0.5 4.0/5 "Great!"
      My two wheeler loan was taken with HDFC Bank11 years back. The loan amount was40,000and the given interest rate was satisfactory . The process was very easier and with in a day the whole process got over. The loan was approved on time so I would like to recommend to others. My overall experience was up to the mark.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 16, 2018
    • L&T Finance Two Wheeler Loan
      "Good service"
      L&T FINANCE LIMITED
      0.5 4.0/5 "Great!"
      I have taken two wheeler loan from L & T finance ltd . They did documentation in just 2 days approved the loan . The rate of interest is nominal one . They charged for processing of rs 1200 . They gave the tenure period of 2 years which get auto debited from bank every month.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 14, 2018
    • HDFC Bank Two Wheeler Loan
      "Very good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      The experience with them has been very good and the process has been faster and smooth. The rate of interest with them also had been normal like the other banks in the market. The loan amount which has been provided by them has been satisfactory as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2018
    • review Two Wheeler Loan
      "Better service"
      BAJAJ AUTO FINANCE
      0.5 4.0/5 "Great!"
      The service is better with the BAJAJ AUTO FINANCE in regards to my two wheeler loan and I have got the two wheeler loan from them around 2months ago. The required loan amount has been given and they have approved the loan amount upto 30% and I am satisfied with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      Around 8 years ago, I have got the two wheel er loan from the HDFC bank and this loan had the tenure of 3years. They have approved the loan amount up to 80% and I am satisfied with the loan amount. The rate of interest and the charges were average with the HDFC bank two wheeler loan process.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 13, 2018
    Common Loader Icon
    Page 1 of 50 1 2 3 4 5
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.