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If you’re looking to take a loan to buy a motorbike, check out the various two-wheeler loans available to you. Take a look at some of the banks that offer you these loans. Compare interest rates, processing fees, and your EMIs. Read on to find out the best option for you.

State Bank of India

Key Highlights:

  • Get loans for both regular two-wheelers as well as superbikes.
  • Get up to 90% of the value of your bike financed.
  • Get easy loans with low minimum income requirements.
Interest rate EMI Processing fee Payment
11.95% p.a. to 17.75% p.a. Rs.5,404 1.22% of the loan amount Rs.1,96,376

Note: The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, an interest rate of 17.75% p.a., and a tenure of 3 years. The processing fee percentage has also been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

Bank of India

Key Highlights:

  • Loans available for both normal two-wheelers and superbikes as well.
  • Financing is available for new 2-wheelers and used 2-wheelers.
  • Repayment period of up to 5 years.
Interest rate EMI Processing fee Payment
9.55% p.a. Rs.4,808 1% of the loan amount (minimum Rs.500 & maximum Rs.10,000) Rs.1,74,604

Note:The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, an interest rate of 9.55% p.a., and a tenure of 3 years. The processing fee percentage has also been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

HDFC Bank

Key Highlights:

    Punjab National Bank
  • Get financing of up to 100% of the value of your vehicle.
  • Enjoy flexible repayment options.
  • Get fast and easy loan approvals and disbursements.
Interest rate EMI Processing fee Payment
11.42% p.a. to 22.45% p.a. Rs.5,764 Maximum 3% of the loan amount Rs.2,11,988

Note: The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, an interest rate of 22.45% p.a., and a tenure of 3 years. The processing fee percentage (3%) has also been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

Punjab National Bank

Key Highlights:

  • Special 2-wheeler loan scheme for women borrowers.
  • Extended repayment period of up to 5 years (60 months) for scooters and motorcycles.
  • Low minimum monthly income criterion.
Interest rate EMI Processing fee Payment
For regular borrowers – 11.70% p.a. to 13.20% p.a. For women borrowers – 10.20% p.a. For regular borrowers – Rs.4,961 For women borrowers – Rs.4,854 Rs.275 for both regular as well as women borrowers For regular borrowers – Rs.1,78,585 For women borrowers – Rs.1,74,750

Note: The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, an interest rate of 11.70% p.a. and 10.20% p.a., and a tenure of 3 years. The processing fee percentage has not been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

Andhra Bank

Key Highlights:

  • Get financing for up to 90% of the value of your vehicle (90% for women and 85% for others).
  • Get a special loan scheme for women borrowers.
  • Enjoy low loan processing fees.
Interest rate EMI Processing fee Payment
For regular borrowers – 10.70% p.a. to 10.95% p.a. For women borrowers – 10.70% p.a. to 10.95% p.a. For regular borrowers – Rs.4,890 For women borrowers – Rs.4,890 1% of the loan amount (minimum Rs.500 and Maximum Rs.5,000). Taxes are extra. For regular borrowers – Rs.1,77,523 For women borrowers – Rs.1,77,523

Note: The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, an interest rate of 10.70% p.a., and a tenure of 3 years. The processing fee percentage (1%) has been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

Union Bank of India

Key Highlights:

  • You can get up to 85% financing on the on-road price of your vehicle.
  • The bank offers up to Rs.10 lakh for purchasing two-wheelers.
  • There is no prepayment fee if you prepay using your own funds.
Interest rate EMI Processing fee Payment
11.60% p.a. Rs.4,954 0.50% of the loan amount (maximum Rs.15,000) plus taxes Rs.1,79,077

Note: The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, an interest rate of 11.60% p.a., and a tenure of 3 years. The processing fee percentage (0.50%) has been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

Indian Bank

Key Highlights:

  • Get financing of up to 85% of the value of your motorbike.
  • Get the benefit of low processing fees.
  • Enjoy a repayment period of up to 60 months (5 years).
Interest rate EMI Processing fee Payment
12.10% p.a. Rs.4,989 0.23% of the loan amount subject to a maximum of Rs.10,236 Rs.1,79,960

Note: The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, an interest rate of 12.10% p.a., and a tenure of 3 years. The processing fee percentage (0.23%) has been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

Corporation Bank

Key Highlights:

  • Get up to Rs.1 lakh to buy the motorbike you want.
  • Get financing for two wheeler insurance, registration, and accessories as well.
  • Enjoy low processing fees.
Interest rate EMI Processing fee Payment
12.50% p.a. Rs.5,018 0.50% of the loan amount (minimum charge is Rs.500) Rs.1,81,400

Note: The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, an interest rate of 12.50% p.a., and a tenure of 3 years. The processing fee percentage (0.50%) has been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

Canara Bank

Key Highlights:

  • Women borrowers can get special interest rates.
  • Low processing fees.
  • Extended repayment tenure of up to 7 years (84 months).
Interest rate EMI Processing fee Payment
For women borrowers – 11.70% p.a. to 12.10% p.a. For regular borrowers – 11.75% p.a. to 12.15% p.a. For women borrowers – Rs.4,961 For regular borrowers – Rs.4,964 0.25% of the loan amount subject to a minimum of Rs.1,000 and a maximum of Rs.5,000) For women borrowers – Rs.1,78,960 For regular borrowers – Rs.1,79,088

Note: The figures in the table above have been calculated based on a principal amount of Rs.1,50,000, interest rates of 11.70% p.a. and 11.75% p.a., and a tenure of 3 years. The processing fee percentage (0.25%) has been factored into the EMI calculation. The interest rate may change at the bank’s discretion.

Two-wheeler loan eligibility

Lenders have certain eligibility criteria they expect you to fulfil before they process your application. These may vary from one lender to another. Some of the general eligibility criteria are as follows:

Requirements Salaried Individuals Self-employed individuals
Age Minimum – 21 years at the time of application Maximum – 65 to 70 years at the end of the loan tenure Minimum – 21 years at the time of application Maximum – 65 to 70 years at the end of the loan tenure
Monthly income Rs.7,000 Rs.6,000
Credit score Above 750 Above 750
Loan amount Up to 100% of the value of the vehicle Up to 100% of the value of the vehicle
Residential stability Must be staying at the current address for at least 1 year Must be staying at the current address for at least 1 year
Work experience At least 1 year At least 1 year

Note: These criteria may be different for different lenders. Check with the lender of your choice before applying.

Documents required for two-wheeler loans

Every lender requires you to submit certain documents while applying for a loan. Some of the general documents required are given below:

Particulars Salaried Individuals Self-employed individuals
Identity Proof PAN card, voter’s ID, passport, driving license PAN card, voter’s ID, passport, driving license
Address Proof Utility bills, passport, etc. Utility bills, passport, etc.
Income Proof Salary slips, IT returns, bank statements Bank statements, IT returns, audited financial statements

Note: The documents required may differ from one lender to another. Check with your lender for what they require you to submit.

What is a two-wheeler loan?

Banks offer different types of loans for various purposes. For example, there are home loans for buying property, personal loans that can be used for a variety of purposes, gold loans for buying gold, etc. Similarly, a two-wheeler loan is one that can help you buy a motorbike especially when you don’t have the funds for it.

What are the advantages of taking a two-wheeler loan?

Applying for a loan to buy the bike you’ve always wanted can benefit you in a number of ways. Some of them include:

  • Get the funds you need to buy the bike you want.
  • Use a guarantor or co-applicant to get the money you need.
  • Get funds to buy superbikes as well.
  • Get affordable interest rates.
  • Enjoy a wide spectrum of loan repayment periods.
  • Repay your loan in affordable EMIs.
  • Pay every EMI on time and build your credit history.

Use BankBazaar’s two-wheeler EMI calculator to know your EMI

BankBazaar brings you a unique EMI calculator to help you find out exactly what your EMI will be. The tool helps you find out how much you have to repay every month in just a few minutes. The steps of how to use this tool are given below:

  • All you need to do is to input the amount you want to borrow, select the interest rate charged by the lender, and the tenure of the loan.
  • You can also select whether or not you intend to prepay parts of your loan. Also, you can type in any processing fees that you have to pay.
  • After this, simply hit “Calculate”. Your EMI will be shown in a few seconds. You will also get the amortisation table for your loan. This table will show you how you have to repay the loan over the tenure you’ve chosen.
  • The table will show you the interest and principal components of each EMI along with how much interest you will pay over the loan period. This helps you find out how much the loan will cost you.

Tips for successful two-wheeler loan application

A few loan applicants have had their applications rejected by lenders. This is not a pleasant feeling, nor is it good for your credit score. We’ve put together a list of tips that can help you apply successfully for a two-wheeler loan. These are as follows:

  • Determine the exact loan amount required: You should assess your needs and calculate exactly how much money you need to buy the bike you want. You should never apply for an amount larger than what you need.
  • Check your eligibility and compare your options: Once you decide how much money you need to borrow, take a look at all the loan options that you are eligible for. This is important. Never apply for a loan for which you don’t qualify. This will automatically get your application rejected. Check your eligibility for a two-wheeler loan and make sure you fulfil all the criteria.
  • Check your credit score: Your credit score is one of the most important factors that determine loan approval. Lenders usually reject applications with low credit ratings. So, if your credit history is poor, look at improving it before applying for the loan.
  • Get a guarantor or co-applicant: If your credit score is not up to the requirement of the lender, see if you can get a guarantor or co-applicant. Having a guarantor or co-applicant who has good credit can help you get the loan you want.
  • Fill your loan application properly: Make sure your application is fully filled with all the details your lender requires. An incomplete application or an application that has wrong information may be rejected.
  • Submit all the necessary documents: While submitting your loan application, make sure you submit all the documents the lender requires as well. If you don’t submit the required papers, your application may be rejected.
  • Try applying with your existing lender: If you already have a good existing relationship with a bank, try taking the loan from them. This good standing may help you get a loan even if you don’t fulfil all their criteria.

Points to remember while applying for a two-wheeler loan

Now that you know how you can successfully apply for a motorbike loan, let’s check out what you need to keep in mind while applying for one. These points can help you find the right loan and avoid paying more than you should.

  • Do your research well: This is the first step before you apply for a motorbike loan. Make sure you do your research well. Compare all the options that various lenders offer you. Compare interest rates, processing fees, repayment options, and other loan terms. This will help you find the best and cheapest option.
  • Choose your tenure wisely: The tenure of your loan will determine how much you have to repay each month. Make sure you can afford your EMI. This means you have to be wise about choosing your tenure. A shorter tenure will help repay the loan faster. But your EMIs will be high. So, choose according to how much you can afford to pay off every month without facing a financial crunch.
  • Choose an affordable interest rate: Your interest rate determines the overall cost of your loan. It also has an impact on your EMI. Choosing a loan with a low rate of interest can help keep your EMIs low. It will also make your loan cheaper.
  • Compare floating rates versus fixed interest rates: Some lenders may offer you both floating interest rates as well as fixed interest rates. Floating rates change as per the changes in the market rates. Fixed rates remain constant irrespective of market rate changes. That said, floating rates are usually lower than fixed rates.
  • Compute your EMIs before applying: When you compare your loan options, make sure you compare the respective EMIs as well. Choose a loan that gives you an affordable EMI with a convenient repayment period.
  • Ask about prepayment fees: If you plan on prepaying or foreclosing your two-wheeler loan at any point, find out the charges for the same. Some lenders may charge you a fee for this while others may not. Prepaying your loan can help you save interest costs.
  • Read the terms and conditions properly: This is also called the fine print. Read your loan offer document thoroughly and go through every single term and condition before you sign it. The fine print may reveal hidden charges and fees that may otherwise never be mentioned. Knowing these terms can help you avoid paying heavy penalties.

Do’s and don’ts of applying for a two-wheeler loan

Let’s now look at the do’s and don’ts of applying for this loan.

Do’s Don’ts
Do your research well before you apply Don’t apply for multiple loans at the same time
Make sure you are eligible for the loan you’re applying for Don’t apply for a loan simply because you get an attractive welcome gift
Compare interest rates and find the best option Don’t forget to fill in the application form properly
Compare processing fees and other charges Don’t sign the loan documents without reading them thoroughly
Evaluate your credit score before you apply Don’t choose an EMI you cannot afford
Submit all the required documents without fail Don’t forget to pay your EMIs on time
Read the offer document carefully before signing it Don’t forget to prepay your loan if you can

How to improve your chances of getting a two-wheeler loan

In this section, we’re going to take a look at how you can improve your chances of getting your loan approved. The loan requirements differ from one lender to another. Sometimes, you may find it hard to get the loan you’re looking for. The following suggestions may help:

  • Clean up your credit: Lenders pay a lot of attention to your credit score when evaluating your loan application. If you have a high score, you stand a better chance of getting the loan you want. You should check your credit report every now and then to see if you’re making any errors. Taking corrective steps will help you clean up your credit.
  • Balance your debt-to-income ratio: Your debt-to-income ratio compares your current debt situation to your current income. It shows how much of your monthly income is currently being used to pay off loans and bills. The lower this ratio is, the better are your chances of getting your loan. So, look at paying off a few loans before applying.
  • Get co-signers if needed: Sometimes, getting a co-applicant for your loan can help you get what you’re looking for. This helps especially if you have a poor credit score. You can also get another individual to guarantee the loan on your behalf. Keep in mind that the co-applicant and the guarantor will be held accountable if you don’t repay the loan on time.
  • Don’t apply for multiple loans: When you apply for multiple loans simultaneously, lenders will realise that you may not take the loan they offer. This will make them reject your application. Keep in mind that multiple rejections can hurt your credit rating.

Two-wheeler loan FAQs

Take a look at some of the most commonly asked questions regarding two-wheeler loans.

1. How can I apply for a two-wheeler loan?

There are different ways of applying for such a loan:

  • Directly applying at the physical branch office of a lender.
  • Applying online.
  • Applying at the time of purchasing the bike (at the showroom).

2. When should I take a loan to buy a bike or scooter?

This depends on how much money you have of your own. If you can finance the entire amount by yourself, don’t take a loan. But if you have only a part of the money, you can apply for a loan for the rest of the bike’s value.

3. Can I get a loan to fund the whole value of the vehicle?

The answer to this depends on the lender from whom you take the loan. Most lenders will offer you a loan for only up to around 80% to 90% of the value of the vehicle. You will have to bring in the rest of the money on your own. That being said, there are a few lenders who offer 100% financing. However, this may come at the cost of additional terms and conditions.

4. What costs will a scooter or bike loan cover?

Most lenders offer loans that cover accessories, insurance, and registration charges for your vehicle. In addition to this, you may also get additional perks if the lender has a tie-up with a particular two-wheeler brand.

5. Should I take two-wheeler insurance when I buy a bike? Is it mandatory?

Yes, insurance is mandatory when you buy a vehicle. The showroom you buy from will not release your vehicle until you pay the insurance as well. This is usually built into the total on-road cost of your bike.

6. Should I choose a floating interest rate or a fixed interest rate?

Sometimes, banks may offer you the choice of a fixed or floating interest rate. A fixed rate remains constant irrespective of market rate changes. A floating rate changes when the market rate changes. People usually prefer taking floating rates because they are lower than fixed rates.

7. What tenure should I choose?

The tenure you choose determines your EMI. A longer tenure will make your EMIs more affordable. But you will also be in debt for a long time. Shorter tenures result in higher EMIs, but you’ll be able to pay off the loan faster.

8. What is two-wheeler loan prepayment? How does prepayment help?

Prepayment is paying an EMI or multiple EMIs together before the amounts are due. Every time you prepay a part of your loan, it helps reduce the outstanding principal. This reduces your interest cost as well. So, prepaying your loan can help you save money.

9. Is there any fee for prepayment?

Some lenders may charge you a fee when you prepay your loan while others may not. Before prepaying your loan, find out what it will cost you. If the costs are covered in the interest you save, then go ahead and prepay your loan.

10. Should I offer collateral when I take a loan to buy a 2-wheeler?

No, you don’t have to offer collateral when you take this loan. The vehicle acts as collateral till you repay the loan in full. This is called hypothecation.

11. What will happen if I am not able to repay my loan on time?

If you don’t pay the EMIs on time, the bank may repossess your vehicle. Since your bike or scooter is hypothecated, the bank has every right to confiscate your vehicle to make good the losses they suffer.

12. Can I sell my bike before I repay the loan?

No, you cannot. Since your bike is under hypothecation, you cannot sell it till you get an NOC from the bank stating that you’ve paid back the loan in full.

13. What should I do after I repay my loan?

Once you pay the final instalment and terminate your loan, you should follow the steps given below:

  • Get the No Objection Certificate (NOC) from the bank.
  • Get Form 35 from your lender and fill it up.
  • Get your trade certificate.
  • Submit your application at your Regional Transport Office (RTO) along with the documents mentioned above and your original Registration Certificate (RC), and copies of your driving license, PUC, insurance, and Aadhaar card.
  • Pay the required fee and follow the other instructions at the RTO.
  • Go and collect your new RC on the given date.

14. Can I get a loan if I’m a student and have no income?

Yes, you may be able to get a loan if you’re a student. In such cases, you can get a co-applicant such as a parent or a close relative to guarantee payment on your behalf. Do keep in mind that not all lenders offer loans to students.

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  • MotoRoyale Ahmednagar Facility Adds New Assembly Line for Mondial HPS 300

    After the introduction of the FB Mondial HPS 300 in November 2018, MotoRoyale has decided to add a new assembly line at its facility in Ahmednagar, Maharashtra, where the bike will be assembled. With a price tag of Rs.3.37 lakh, the motorcycle is the most affordable product offering in the entire range of two-wheelers by MotoRoyale, and is designed as a scrambler-styled offering. The two-wheeler manufacturer has already received around 100 bookings for the FB Mondial HPS 300. While the bike competes against the likes of the BMW G 310 R and the KTM 390 Duke, it is also one of the total 9 motorcycle brands that are managed by Kinetic MotoRoyale in the country.

    Positioned as a premium motorcycle, the FB Mondial HPS 300 carries a 249cc, liquid-cooled, single-cylinder engine coupled with a 6-speed gearbox that is capable of generating a maximum power of 24 bhp and a peak torque of 22 Nm. The suspension system of the bike consists of 41mm USD forks at the front along with dual shock absorbers at the rear end. On the other hand, the brake duties of the motorcycle is handled by a 280mm single disc at the front end and a 220mm disc at the back coupled with ABS as standard. The bike also comes equipped with an 18-inch front and 17-inch rear wheel setup.

    18 December 2018

  • Ducati Planning to Introduce Pre-Owned Motorcycle Business

    Recently, Ducati has announced the launch of its pre-owned motorcycle business in the country known as Ducati Approved. The company will not only offer a wide selection of pre-owned bikes to its customers, but will also provide roadside assistance and extended warranty. The Ducati Approved certification will only be available for bikes that offer a certified mileage of a maximum of 50,000 km, and are not more than 5 years old. Furthermore, the company assures that all the bikes that will be sold under this programme will have to surpass a rigorous certification process with 35 steps.

    Additionally, all the motorcycles that will be available for sale by Ducati Approved will carry a 1-year extended warranty coverage. Bike owners will also be able to transfer this warranty in case they decide to sell their bike. The extended warranty will cover the cost of materials along with labour charges. Ducati is providing roadside assistance for pre-owned bikes as well.

    18 December 2018

  • Learn About the Motorcycles Expected to Launch in India in 2019

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    The 2019 Bajaj Dominar is expected to carry a plethora of mechanical and cosmetic upgrades along with an upgrade in the power output. The new Hero XPulse version was unveiled at the 2018 EICMA Motorcycle Show. While the XPulse 200 will be an adventure-ready version, the XPulse 200T is the tourer-friendly model with mechanicals similar to the XPulse. Both the rider-friendly bikes will be launched in 2019 featuring smaller 17-inch wheels and tarmac-friendly MRF tyres. The KTM 390 Adventure is a small-capacity adventure bike that is based on the KTM 390 Duke platform. The Benelli TRK 502 will be a middleweight adventure tourer that is expected to be available in 2 variants - a road-oriented model with cast wheels, and another version with more off-road capability and spoked wheels. The Triumph Scrambler 1200 will be capable of generating more power and torque lower in the revs instead of better top-end acceleration.

    18 December 2018

  • 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

    Kawasaki India is one of the most popular superbike brands in India and the naked sportsbikes from their production line, the Z650 and the Z900 are 2 of the most successful motorcycles in India. Kawasaki India has recently launched the 2019 Z650 and Z900. The Z650 has been priced at R.5.29 lakh and the price tag for the Z900 is Rs.7.68 lakh (both prices, ex-showroom, Delhi).

    The Z650 was launched in 2017 to replace the erstwhile naked street bike, the ER-6N. Both the Z650 and Z900 follow the same Sugomi design concept from Kawasaki which gives the motorcycles a sharper and aggressive look. The 2019 motorcycles come with some cosmetic changes only. No major changes have been implemented in the mechanical front of the bikes. The Z650 is now available in two new colour schemes as well - flat spark black and metallic spark black. The Z900, on the other hand, gets 3 new colour schemes - metallic moondust grey/ebony, pearl flat stardust white/metallic spark black and metallic flat spark black/metallic spark black. The moondust grey/ebony colour scheme will be available in limited numbers, Kawasaki declared.

    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

    Suzuki Motorcycles India has launched special edition Intruder motorbikes in the 150cc category. The Suzuki Intruder SP retails at Rs.1 lakh and the Suzuki Intruder F1 SP retails at Rs.1.07 lakh. There are two color variants available, Candy Sanoma Red and Matte Black. The engines and powertrains of both the bikes are unchanged from the Intruder, with a single-cylinder, 154.9cc 4-stroke engine that is air-cooled and Gixxer sourced. They also have the standard fuel injection and Anti-Lock Brake System (ABS).

    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

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

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Two Wheeler Loan Reviews

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  • HDFC Bank Two Wheeler Loan
    "Good loan offer "
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    HDFC has done their service as perfect to get two wheeler loan. I taken this loan on 2.5 years back. The tenure period of 2 years. On 8 months before only I closed the loan. The amount was sufficient of 85K. The rate of interest is nominal. EMI need to pay of 5K. The customer service is good. Bike model is Yamaha FZ.
    Was this review helpful? 1
    , chennai
    Reviewed on Mar 21, 2020
  • HDFC Bank
    HDFC Bank Two Wheeler Loan
    "Good Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have taken two wheeler loan directly through HDFC Bank which was referred showroom dealer.The vehicle model was Honda Shine.The rate of interest and processing fee was medium and still this loan is active .The loan process was shared by the agent,I have submitted documents on time and the premium is paid through ecs mode
    Was this review helpful? 0
    , hyderabad
    Reviewed on Mar 20, 2020
  • HDFC Bank Two Wheeler Loan
    "Excellent service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have taken two wheeler loan recently through hdfc bank .The vehicle name is royal enfield standard and the rate of interest and the processing fee was medium.Bank offered this loan and the premium is paid on emi basis and also this was a paperless approval loan .I am satisfied with the overall service.
    Was this review helpful? 0
    , kollam
    Reviewed on Mar 20, 2020
  • HDFC Bank Two Wheeler Loan
    "Need to improve customer service "
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I taken a two wheeler loan from HDFC on one year back. The amount was sufficient for the tenure period of 2 years. An interest rate was nominal for the loan. They deducted few amount only. The bike model which I bought was Pulsar 220. EMI amount is nominal to pay. I am unhappy with their service, there is no proper response whenever I try to contact them.
    Was this review helpful? 1
    , agra
    Reviewed on Mar 17, 2020
  • review Two Wheeler Loan
    "Good loan offer"
    TVS FINANCE
    0.5 4.0/5 "Great!"
    I have taken a two wheeler loan from TVS FINANCE on 4 months before. I got this offer through SUZI Motor showroom for the amount of 60K was sanctioned by one week. The model which I bought TVS Jupiter with tenure period of 18 months. EMI need to pay of 4K around . I had done the down payment of 25K.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Mar 17, 2020
  • L&T Finance Two Wheeler Loan
    "Average Service"
    L&T FINANCE LIMITED
    0.5 3.0/5 "Satisfactory"
    I have taken two wheeler loan through L and T finance ltd which was directed by showroom dealer. The vehicle was Honda Active 5 G and the rate of interest was too high it was 17%and this loan is still alive and paying the premium on EMI basis .The service was average according to my experience .
    Was this review helpful? 2
    , ludhiana
    Reviewed on Mar 16, 2020
  • HDFC Bank Two Wheeler Loan
    "Good Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have taken two wheeler loan directly through HDFC Bank.The rate of interest and the processing fee was high and the vehicle name was Honda Activa 3g .Everything was good and this loan was sanctioned on time .The agent gave a clear picture about the card process and i am satisfied with the service.
    Was this review helpful? 2
    , bangalore
    Reviewed on Mar 15, 2020
  • ICICI Two Wheeler Loan
    "Satisfactory"
    ICICI BANK
    0.5 4.0/5 "Great!"
    I have taken two wheeler loan through ICICI bank .This vehicle model was 2017 TVS and have done with the loan successfully.The rate of interest and the processing fee was very nominal .The process was much satisfied according to my experience .
    Was this review helpful? 2
    , pune
    Reviewed on Mar 15, 2020
  • HDFC Bank Two Wheeler Loan
    "Easy loan approval "
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    From HDFC Bank, i have taken a two wheeler loan and the loan amount was Rs. 50,000. I made a down payment of Rs. 54,000 and the rate of interest was good 10%. I am paying EMI of Rs.2800 and its still running. The documentation was simple which have provided in the show room and within a day loan got approved.
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 15, 2020
  • HDFC Bank Two Wheeler Loan
    "Good service "
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    Two wheeler loan, i have purchased from HDFC Bank. The loan amount was Rs. 70K, i made a down payment of Rs. 52k and the rate of interest was normal. I have purchased Avenger 220, documentation was simple and within 2 days it got approved. I was paid around Rs. 2100 tenure of 3 years and completed the loan.
    Was this review helpful? 3
    , kolkata
    Reviewed on Mar 15, 2020
  • Shriram City Two Wheeler Loan
    "Good Service"
    SHRIRAM CITY UNION FINANCE
    0.5 4.0/5 "Great!"
    I have taken two wheeler loan through Shriram city union finance.The rate of interest and the processing fee was very high. I have purchased Bajaj Platina and this loan was sanctioned on time .The showroom dealer referred this finance company and i have successfully closed the loan .
    Was this review helpful? 2
    , salem
    Reviewed on Mar 13, 2020
  • review Two Wheeler Loan
    "Good Service"
    INDUSIND BANK LTD
    0.5 4.0/5 "Great!"
    I have taken two wheeler loan directly through Indusind bank.The vehicle name is Tvs Radion and this bank was referred by the show room dealer.The rate of interest and the processing fee was nominal. I have got this loan on exact time frame .I am paying the premium on EMI basis and everything was good to me so far.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Mar 13, 2020
  • IOB Two Wheeler Loan
    "Fast Approval loan"
    INDIAN OVERSEAS BANK
    0.5 5.0/5 "Blown Away!"
    2 years back, i have taken my two wheeler loan from Indian Overseas Bank. Interest rate is less when i compared to others because they have offered me 3% interest. I have taken only 1 year to close this loan. Since i hold the savings account with them based on that documents, they have given this loan. They have not provided any NOC letter but when i checked in the bank, it was in closed stage.
    Was this review helpful? 2
    , chennai
    Reviewed on Mar 13, 2020
  • Hero fincorp Two Wheeler Loan
    "Very Good Service"
    HERO FINCORP LIMITED
    0.5 5.0/5 "Blown Away!"
    I have taken two wheeler loan through Hero Fincorp since show room dealer referred Hero Honda splendor plus successfully closed the loan .The rate of interest and the processing fee was low and the process was smooth .Everything was good to me when applied for this loan .
    Was this review helpful? 2
    , ludhiana
    Reviewed on Mar 12, 2020
  • HDFC Bank Two Wheeler Loan
    "Good Loan provider"
    HDFC BANK
    0.5 4.0/5 "Great!"
    Took my two wheeler loan from HDFC and i have got the loan around 2011. I have taken a loan amount of Rs. 60000 and i have made the down payment of Rs. 16000. I have selected the duration of 36 months to close this loan. In the showroom only HDFC people were available to take the two wheeler loan. Rate of interest should be less.
    Was this review helpful? 1
    , vadodara
    Reviewed on Mar 12, 2020
  • HDFC Bank Two Wheeler Loan
    "Good "
    HDFC BANK
    0.5 3.0/5 "Satisfactory"
    Actually when I was checking loan details by online HDFC has offered good loan amount offer of 80K for two wheeler loan. I bought Activa bike cost of around 80K. I done the down payment of 13K. The tenure period of 1 year. The rate of interest is not aware. EMI need to pay of 6,200 rupees, Banker has told to pay EMI on 2 months onward.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Mar 12, 2020
  • review Two Wheeler Loan
    "Good process"
    TVS FINANCE
    0.5 4.0/5 "Great!"
    I taken two wheeler loan from TVS FINANCE on 3 months before via show room. The loan amount of 50K which was okay. I bought TVS scooty with tenure period of 1.5 years. The rate of interest is nominal of 10%, and done the down payment of 40K. The bike amount of 90K so remaining amount only need to pay. EMI need to pay of 3,300 rupees, They have given pre closure option after 6 months is applicable with no charges.
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 12, 2020
  • HDFC Bank Two Wheeler Loan
    "Good Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have take two wheeer loan directly through Hdfc bank .The rate of interest and processing fee was less it was 8.3% ,loan got sanctioned on appropriate time and the model was 2018it is royal en field still this loan is acitve will be closing withn 8 months .Everything was god to me so far and iam satisfied with the service .
    Was this review helpful? 0
    , coimbatore
    Reviewed on Mar 12, 2020
  • review Two Wheeler Loan
    "Easy to get a loan"
    INDUSIND BANK LTD
    0.5 4.0/5 "Great!"
    In the showroom i have asked for the loan with the EMI option for purchasing the two wheeler hence they have suggested me to take the loan from Indusind. Documentation process was easy and it was taken care by showroom people. I paid the down payment of Rs. 25000 and the balance amount of Rs. 65000 converted into EMI option. I have paid the EMI amount of Rs. 3800 for the duration of 24 months.
    Was this review helpful? 1
    , coimbatore
    Reviewed on Mar 10, 2020
  • L&T Finance Two Wheeler Loan
    "Good service"
    L&T FINANCE LIMITED
    0.5 4.0/5 "Great!"
    I took two wheeler loan from L&T FINANCE on 4 years back. The amount was sufficient of 60K with tenure period of 2 years. Rate of interest is nominal for this loan, I done the down payment of 15K. I bought the bike of TVS Star City Plus. EMI need to pay around 2,300 rupees. I will be charged with nominal amount from both bank and L&T Finance whenever dues are paid late. Pre closure was applicable which I didn't undergone. I closed this loan after 2 years of my tenure.
    Was this review helpful? 3
    , pune
    Reviewed on Mar 10, 2020
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