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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.

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.

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 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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  • 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.

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    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

    Even though KTM updated the 1290 Super Duke R in 2017, it did not upgrade the touring variant of the bike, the 1290 Super Duke GT. Hence, the updates for the 1290 Super Duke GT were long overdue. In April 2018, spy shots of the near production-ready bike surfaced on the internet, which indicated that the motorcycle would either be showcased at EICMA or Intermot in 2018. The Austrian bike manufacturer has finally decided to showcase the 2019 KTM 1290 Super Duke GT featuring a plethora of electronic upgrades along with a redesigned front. The bike will carry a 6.5-inch TFT instrument console with smartphone connectivity, a lean-angle sensor for braking, heated grips, and traction control. Furthermore, the bike gets electronically adjustable WP suspension at both the front and back ends, that can be switched between Street, Comfort, Sport, and an optional Track mode using a button. The 2019 KTM 1290 Super Duke GT will also sport a larger windscreen with one-hand adjustability, a more powerful headlight along with integrated cornering lights in its tank shrouds, small storage compartments in the tank shrouds with a USB port, and a quickshifter. Similar to range of KTM road bikes introduced in 2017, the sports tourer will also get an illuminated switchgear which will be placed on the left of the handlebar in addition to an additional cruise control button. While the new KTM 1290 Super Duke GT does not have an auto blipper, the Super Duke R carries this feature as an option. The KTM bikes are outfitted with a 1,301cc, 75°, V-twin LC8 engines which produce more power using titanium inlet valves, revised resonator chambers, and a new engine map. The engine is now capable of generating 177.7 PS of maximum power and a peak torque of 141 Nm. Both the bikes will be available in 2 colour options - white and black. The new TFT screen of the bikes will also add a bit of functionality such as on-screen navigation and audio prompts in 5 languages using a separately available app.

    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

Two Wheeler Loan Reviews

Page 1 of 50 1 2 3 4 5
  • HDFC Bank Two Wheeler Loan
    "Good service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have taken a two wheeler loan with HDFC bank and my experience was good, the loan amount was sufficient and the rate of interest was nominal when compared to other banks; Customer service was good and the tenure period for this loan is 2 years.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 16, 2019
  • review Two Wheeler Loan
    "Good service"
    BAJAJ FINSERV
    0.5 3.0/5 "Satisfactory"
    The experience i had in getting this loan has been okay, where the process was fine. But the interest rate with them was around 17% which was pretty high and the charges which they had made has also been very high. I had to pay almost 19,000 as the charges and it could have been reduced.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 15, 2019
  • Shriram City Two Wheeler Loan
    "Looking for less interest rate"
    SHRIRAM CITY UNION FINANCE
    0.5 5.0/5 "Blown Away!"
    I took a two wheeler loan with SHRIRAM FINANCE and my experience was good, the loan amount was for Rs 40000 with very high interest rate when compared to others in the market. Customer service was good and they responded on time. Tenure period for this loan is 18 months.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 15, 2019
  • L&T Finance Two Wheeler Loan
    "Need improvement on the customer support"
    L&T FINANCE LIMITED
    0.5 5.0/5 "Blown Away!"
    I closed L&T finance two wheeler loan, the interest was okay compared to others. I have taken three two wheelers through L &T , I approached through the showroom, I gave normal documents like cheque id and address proof, I got the loan with a week. The customer support is not upto the mark they need to work on it, nobody providing service to the customer.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 15, 2019
  • HDFC Bank Two Wheeler Loan
    "Best service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I took a personal loan from the HDFC BANK. The application process was easy and with in few days the loan amount was Credited to account. The documentation and the application process was easy and hassle free. Overall it was a good experience. The tenure period is 3 year .
    Was this review helpful? 0
    , pune
    Reviewed on Feb 14, 2019
  • Corporation Bank Two Wheeler Loan
    "Good service"
    CORPORATION BANK
    0.5 4.0/5 "Great!"
    I've taken a two loan from the CORPORATION BANK , the interest rate was pretty much good . The application process was easy and hassle free. It has been a pleasant personal loan experience with the CORPORATION bank. Overall it has been good experience .
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 14, 2019
  • HDFC Bank Two Wheeler Loan
    "GOOD"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    The two wheeler loan has been taken with the HDFC BANK, they have offered with the good loan amount which is sufficient to purchase the two wheeler. The customer support is good because they have processed the loan fast and quick. The rate of interest is also good.
    Was this review helpful? 1
    , nagpur
    Reviewed on Feb 13, 2019
  • HDFC Bank Two Wheeler Loan
    "AVERAGE"
    HDFC BANK
    0.5 2.0/5 "Expected more"
    I am not satisfied with the services of the HDFC BANK for taking the two wheeler loan because at the time of documentation it is hassle process, they have asked for more documents. It took many days to get the loan added on that the rate of interest is higher with them.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Feb 13, 2019
  • review Two Wheeler Loan
    "Bad experience"
    BAJAJ AUTO FINANCE
    0.5 1.0/5 "Really Bad"
    The experience i had with Bajaj auto Finance was very bad.Their service is not up to the mark. They have charged me too high rate of interest compare to the bank , and they have charged me processing fee too that was high, i will not suggest any one to take loan with institute.Their overall service is not up to the mark.now i have been closed this loan.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Feb 12, 2019
  • L&T Finance Two Wheeler Loan
    "Average service"
    L&T FINANCE LIMITED
    0.5 3.0/5 "Satisfactory"
    I had been taken my two wheeler loan with L&T FINANCE LIMITED previously.Their service is okay, they have charged me too high rate of interest they have charged me was high they have charged me up to 17% which is too high, and they have charged me processing fee that too was high,and too much hidden charges they are charging, now i have been closed this bank loan.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 12, 2019
  • HDFC Bank Two Wheeler Loan
    "Best Experience"
    HDFC BANK
    0.5 4.0/5 "Great!"
    Last September I have closed HDFC two wheeler loan, the interest rate was good. On time I took bike delivery from the showroom, I have purchase Activa honda 3G, I purchased it before 2.5 years price was Rs. 80,000 they have maximum tenure period, the interest rate is economical
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 12, 2019
  • review Two Wheeler Loan
    "Good service"
    INDUSIND BANK LTD
    0.5 4.0/5 "Great!"
    I have taken two wheeler loan with IndusInd bank 3 years back, the loan amount was sufficient and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. Tenure period for this loan was for 2 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 12, 2019
  • HDFC Bank Two Wheeler Loan
    "GOOD"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have taken the two wheeler loan with the HDFC BANK where i have taken the loan with good documentation process added on that the loan amount is satisfactory with this loan. The rate of interest is satisfactory with this loan, the duration for repaying the loan is for 24 months.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Feb 12, 2019
  • HDFC Bank Two Wheeler Loan
    "Timely approval from HDFC bank"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have chosen HDFC bank for my two wheeler loan. I got the loan 4 years back and i have closed the loan 2 years before. The interest rate was nominal one. They have offered me a loan amount of Rs. 96000 in that they have deducted Rs. 2600 for processing fee. I have submitted all my document in the showroom.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 12, 2019
  • HDFC Bank Two Wheeler Loan
    "Easy process"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    My two wheeler loan is also with HDFC Bank. Since the bank already has my KYC, I do not have too much of paper work to submit. The process to get the loan was easy as well, as I got it directly in to my account. They provided the nominal interest rate and charges.
    Was this review helpful? 1
    , chennai
    Reviewed on Feb 12, 2019
  • review Two Wheeler Loan
    "Good Service"
    BANK OF BARODA
    0.5 5.0/5 "Blown Away!"
    I had applied for a Two wheeler loan with Bank of Baroda and applying for this loan was pretty much easy. There was not much documentation. The tenure period was 5 years but i have paid the amount with in 3 years. I am happy with the overall services .
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Feb 11, 2019
  • SBI Two Wheeler Loan
    "Good service"
    STATE BANK OF INDIA
    0.5 4.0/5 "Great!"
    My experience was good with SBI for two wheeler loan, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was very good and they collected documents on time.
    Was this review helpful? 3
    , jaipur
    Reviewed on Feb 07, 2019
  • HDFC Bank Two Wheeler Loan
    "Good Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I had applied for a two wheeler loan with HDFC Bank and my application was taken care. My application was processed on time and it was approved in two days. The interest rates were bit high and three times i have taken a two wheeler loan from HDFC. There was a processing fees on my loan.
    Was this review helpful? 5
    , bangalore
    Reviewed on Feb 07, 2019
  • review Two Wheeler Loan
    "Best Service"
    INDUSIND BANK LTD
    0.5 5.0/5 "Blown Away!"
    I have taken two wheeler loan with IndusInd bank and my experience was good, the loan amount was sufficient and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 2-3 years.
    Was this review helpful? 2
    , hyderabad
    Reviewed on Feb 07, 2019
  • HDFC Bank Two Wheeler Loan
    "Good Experience"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I Purchased 2017 YAMAHA bike, HDFC Bank have approved 60 % of loan amount, the document process was very userfriendly but the draw back is interest rate was high for the tenure period of 2 years, the I took the amount Rs.58,000 my monthly emi is Rs. 3093.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 04, 2019
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