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    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.

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    Why Should I Choose a Two-Wheeler Loan?

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

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

    Types of Two-Wheeler Loans

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

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

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

    How to Avail Two-Wheeler Loans?

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

    Online application for two-wheeler loans

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

    Offline application for two-wheeler loans

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

    Features of Two-Wheeler Loans

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

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

    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.

    • 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.

    • 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.

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    • List of launched and yet-to-be launched bikes

      There were three bikes launched last week. The new TVS Radeon 110 cc targeted at the residents of Tier II and Tier III cities in India. It is priced at Rs.48,000 (ex-showroom, Delhi) and resembles the Hero Splendor. The second bike that was launched is the 2019 Kawasaki Ninja H2 range which is more powerful with 231PS and 141.7Nm than the previous model. With ram air assist, the power can go up to 243PS. It also features a LED lighting system, a TFT screen that is compatible with a smartphone and a self-healing paint. The third bike that was launched is the Pulsar NS160 which comes with a rear disc brake. The rest of the bike is the same as the previous model with a rear drum brake.

      The bikes that are yet to be launched are the Ducati Scrambler 1100, Royal Enfield Classic ABS, Kawasaki Z400, and 2019 Ducati Diavel and Hypermotard. One bike was discontinued, which is the Yamaha R15 v2.0. With competition from the upgraded Yamaha R15 s and the powerful Yamaha R15 v3.0, this bike did not gain much popularity. Hence, Yamaha silently discontinued it from their website.

      21 September 2018

    • New Ducati Scrambler 1100 motorcycle launched at Rs.10.91 lakh

      Italian two-wheeler giants, Ducati, recently added a new motorcycle to their creed. The latest member of the Ducati family is the new Scrambler 1100. The motorcycle will be available in 3 variants: the Standard, the Special, and the Sport. The standard Scrambler 1100 has been priced at Rs.10.91 lakh, whereas the Special and the Sport will be carrying a price tag of Rs.11.12 lakh and Rs.11.42 lakh respectively. This price will be effective pan India. Ducati had opened the bookings earlier in the first week of August this year with a down payment of Rs.1 lakh to Rs.2 lakh based on the dealerships.

      The new motorcycles are powered by a new L-Twin, Desmodromic distribution, 2 valves per cylinder, air-cooled, 1,079 cc engine which is set up on an agile Scrambler chassis. The chassis has been developed at the same time to support the engine in providing higher performance. The Scrambler 1100 features Bosch cornering ABS and traction control. The electronics have been developed in line with Ducati tradition. The Ducati Scrambler 1100 is the elder sibling to the Ducati Scrambler which is powered by an 803 cc engine.

      20 September 2018

    • ‘Radeon’ – a 110cc Bike Launched by TVS

      An announcement was made by TVS Motor Company regarding the release of its all new 110cc bike, Radeon. The ex-showroom price of the two-wheeler is Rs.48,400. According to the company, the model’s features include ‘car-like speedometer’, ‘first-in segment ones like synchronised braking technology’, as well as ‘largest seat in the segment’. Some of the other features of the vehicle include premium feel controls, chrome silencer, a smartphone charger, high-ground clearance, bigger wheels, and thigh-pads on the petrol tank. Sudharshan Venu, the joint managing director of TVS Motors said that the vehicle was designed to target the youngsters in India who are seeking good features along with style at ‘attractive pricing’.

      19 September 2018

    • Price of BMW G 310 GS Launched Along with Aftermarket Accessories

      The launch of BMW Motorrad’s much awaited G 310 GS and G 310 R Motorcycles took place on last week in the country. The G 310 GS, the adventure tourer, does not have any accessories list as yet like the F 750/850 GS or the R 1200 GS, but a number of accessories for the GS have been made available by aftermarket companies. Moto Usher, which is based out of Nagpur imports parts and spares from various aftermarket companies and cater to a number of brands and model ranges of motorcycles. The company has just launched its list of parts that can be purchased for the BMW G 310 GS. Even the prices of the parts have been revealed.

      7 September 2018

    • Amendment in transport department guidelines in WB hampers new two-wheeler sales

      The sale of two-wheelers in the state of West Bengal has seen a decline recently, owing to the new rules introduced by the transport department. According to this rule, buyers should be in possession of a valid driving license and should be physically present at the Regional Transport Office (RTO) when the registration happens.

      The new rule was introduced after there was an increase in the instances of underage drivers and bike owners without valid licences getting involved in road accidents. Before this rule was formulated, it was not mandatory for any individual to be in possession of a driving license to buy a bike.

      5 September 2018

    • Impact of Kerala floods on companies with large presence

      Kerala is a consumption-oriented state that has been adversely affected by the recent floods. Companies that have a huge presence in the country are likely to be impacted in the upcoming quarter. Some of the companies that will be affected are Ramco Cements, Muthoot Capital, Marico, Muthoot Finance, Rubfila, MRF, V-Guard, Federal Bank, Sheela Foam, UBL, United Spirits, India Cements, Jyothy Laboratories, Dalmia Bharat, ICICI Lombard, New India Assurance, Apollo Tyres, and South Indian Bank.

      4 September 2018

    • KTM 390 Duke Owners to Receive a Mandatory Monsoon Kit Fitment

      While KTM is not officially using the term ‘recall’ for the events, the company has announced that the owners of the 2017 and 2018 versions of 390 Duke will have to bring in their motorcycles for a ‘Monsoon Kit Fitment’ which is mandatory for the customers. This kit will include pillion seat damping bushes and a new ECU bracket along with a fix for the vibration issue of the headlamp that many customers have complained about. Additionally, KTM might also flash a software update on the bikes that have been facing the issue of the headlamp turning off without any prior indication. This issue has come to the light for more than a year now. Customers will all these upgrades without having to spend a dime from their own pockets. The new ECU bracket will come with a cover that is expected to protect the unit from damages caused by water as well as other elements. Additionally, the pillion seat damping bushes that will be available in the Monsoon Kit have been redesigned to increase the gap between the taillight and the seat. This is because the previous setup caused the light to crack in case a heavier pillion was travelling.

      The KTM models built in India have witnessed a number of fixes and updates since the time they were introduced, and don’t have an excellent reputation as well in terms of quality. During January 2018, the dealers of the KTM 390 Duke informed that the bike has seen a couple of technical upgrades for the 2018 variant. Part of the technical updates included a software update for the instrumentation and an increase in idle rpm. The idle speed was also changed to range between 1,200 rpm and 1,800 rpm, as opposed to the previous 1,200-1,600 rpm. Furthermore, the design of the radiator shrouds were also slightly altered in order to offer better management of hot air.

      27 August 2018

    • Suzuki Showcases the Market-Specific 2018 Bandit 150 at GIIAS

      Suzuki Motor Corporation - a automaker based in Japan - has finally unveiled the new Bandit 150 at the 2018 Gaikindo Indonesia International Auto Show (GIIAS). Based on the GSX-S150 street bike, the 2018 Suzuki Bandit 150 has been specifically developed for the Indonesian market. Reportedly, this motorcycle will not make its way to the Indian market since the Suzuki Gixxer is already available in the market, and is likely to be upgraded by next year. Just like the Suzuki Gixxer, the 2018 Suzuki Bandit 150 is also a market-specific bike that has been positioned under the sporty Suzuki GSX-S150. The new Bandit 150 is outfitted with a completely digital instrument console along with trapezoid-shaped LED headlamp. The large extension of the tank give a muscular outlook to the bike. However, features like centre-set foot pegs, a single-seat unit, and a flat handlebar offer a commuter-bike outlook to the motorcycle. This bike is powered by a cutting-edge 147.3cc, single-cylinder, DOHC, liquid-cooled engine similar to the GSX 150 twins. The 2018 Suzuki Bandit 150 is capable of generating a maximum power of 19.2 hp and 14 Nm of peak torque. On the other hand, the Indian-spec Suzuki Gixxer produces 14.8 hp of maximum power and a peak torque 14 Nm with the help of an air-cooled mill and a five-speed gearbox. The new Suzuki Bandit 150 has a 6-speed gearbox along with disc brakes in both front and rear wheels. While the motorcycle does not carry ABS even as an option, its suspension duties are handled by a telescopic fork at the front end and a monoshock unit at the back.

      23 August 2018

    • Harley-Davidson wants to build alliances for lightweight bikes for growing its business in India

      Recently Harley-Davidson confirmed that it will launch a 250cc to 500cc motorcycle in India in order to increase sales in the Indian market. However, this new motorcycle mightn't be produced in Harley-Davidson's own manufacturing unit in India. Instead of manufacturing the bike in its own facility, it might use the production unit of a local partner. The company is going to take this step in order to increase its customer base since it is struggling with low sales in the US with an ageing consumer base. According to Marc McAllister, the vice president of Harley-Davidson’s product portfolio, they need to develop their expertise in the heavy-weight 250cc to 500cc motorcycle space. In an attempt to do that, the company wants to enter into a strategic alliance for light-weight bikes.

      17 August 2018

    • AI Developed by IIT Hyderabad to Catch Riders Without Helmets

      The number of road accidents due to two-wheeler riders not wearing helmets while driving has been increasing at an alarming rate. As per the annual report published by the Delhi Police in 2017, 35% to 40% of the total number of fatal accidents within the city were caused since the drivers were either not wearing helmets or wearing helmets of poor quality. To help reduce the number of fatal motorcycle accidents, the researchers at Indian Institute of Technology (IIT) Hyderabad have created a solution using Artificial Intelligence (AI). This technology will use surveillance videos to automatically detect two-wheeler riders driving without helmets. The institute has recently signed a memorandum of understanding (MoU) along with the Hyderabad City Police in order to gain access to video data from the CCTV network of the city. While the institute has filed for patent rights of the technology, it is currently ready to be deployed. Under this completely automatic technology, the solution will be partially on the servers of the central police control room and partially installed in the CCTV cameras. An embedded card with a software to help detect violators will also be attached to the cameras which will send alerts to the central alert database. Then, the authorities, such as the traffic police, will be able to verify the alerts with the help of a web interface. The technology will be connected to the existing website of the regional transport office (RTO) to generate challans. Thereafter, the motorcyclist will get an SMS notification regarding the fine imposed.

      Dinesh Singh, one of the research scholars behind this technology, claims that the research team has carried out significant lab experiments in all types of traffic conditions while developing the software so as to be able to deploy the technology for real-world use.

      15 August 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
      "UNION BANK OF INDIA 2 Wheeler Loan"
      0.5 4.0/5 "Great!"
      It was very good service with Union bank of India. I got a good 2 wheeler loan experience with Union bank during the year 2017. The rate of interest and processing fee is nominal with Union bank. This Two-wheeler loan has the tenure of 2 years. Overall it was a very good service provided by them.
      Was this review helpful? 0
      , bhopal
      Reviewed on Sep 21, 2018
    • HDFC Bank Two Wheeler Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience with HDFC bank for two wheeler loan was good, the loan amount was for Rs 45000 with nominal interest rate when compared to others. Customer service was good and they followed up on time. The tenure period for this loan was for 10 months.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 20, 2018
    • Punjab National Bank Two Wheeler Loan
      0.5 4.0/5 "Great!"
      I have taken my bike loan with PUNJAB NATIONAL BANK , customer support and their response is good with this bank . Rate of interest is is 11% and it is too high compare to other and tenure period is 36 month . They charge 1500 of processing fee and it is nominal .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 18, 2018
    • HDFC Bank Two Wheeler Loan
      0.5 3.0/5 "Satisfactory"
      My two wheeler loan was taken with HDFC bank 1 year back. The loan amount was 65,000. The customer service and responses was good. The interest rate was satisfactory . The tenure period was 2 years. The documentation was very good and there is no inconvenience at all.
      Was this review helpful? 4
      , kolkata
      Reviewed on Sep 15, 2018
    • review Two Wheeler Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a two wheeler loan with Bajaj finserv and my experience was good, the loan amount was for Rs 1.20 lacs with nominal interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 2 years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 14, 2018
    • Tata capital Two Wheeler Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken this automobile loan for the purchase of my Royal En-field Bullet and the process in getting this loan had been good. The interest rate with them has been little high when compared with the market rate, and the customer support and their staff responses where good.
      Was this review helpful? 3
      , pune
      Reviewed on Sep 14, 2018
    • review Two Wheeler Loan
      "Not satisfied with the service"
      0.5 2.0/5 "Expected more"
      The Two Wheeler loan experience i had with them has not been that much satisfactory, the loan amount which they had provided had been less than what i expected. The interest rate with them has been on the higher end, and their customer support and their response had been not that good.
      Was this review helpful? 4
      , pune
      Reviewed on Sep 14, 2018
    • review Two Wheeler Loan
      "Not satisfied with the service"
      0.5 2.0/5 "Expected more"
      I had taken this loan in the year of 2012 and the experience had not been that great. The loan amount which they had provided has not been satisfactory and the rate of interest has been high. There has not been a proper response which they have made from their customer support team.
      Was this review helpful? 2
      , pune
      Reviewed on Sep 14, 2018
    • HDFC Bank Two Wheeler Loan
      "Looking for less interest rate"
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan with HDFC bank and my experience was good, the loan amount was for Rs 41000 where i pay an EMI of Rs 2400. The rate of interest was high when compared to others. Customer service was good and the tenure period for this loan is 24 months.
      Was this review helpful? 1
      , rajahmundry
      Reviewed on Sep 12, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      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 for Rs 70000 with nominal interest rate when compared to others. Customer service was good, i pay an EMI of Rs 2400 and the tenure period is 24 months.
      Was this review helpful? 2
      , gulbarga
      Reviewed on Sep 12, 2018
    • review Two Wheeler Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a two wheeler loan with IndusInd bank and my experience was good, the loan amount was for Rs 50000 with high interest rate in the market. Customer service was good and they followed up on time. The tenure period for this loan is 18 months.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 12, 2018
    • review Two Wheeler Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've applied for a bike loan from the Bajaj Finserv, it was a complete paperless application and approval. . The interest rate was very high. They need to regulate the interest rate and make it in par with the market rate.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 11, 2018
    • HDFC Bank Two Wheeler Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a business loan from the HDFC bank. The loan amount was 5 lacs, at the time of the application I've got a competitive rate of interest. It has been a hassle free business loan experience with the HDFC bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 11, 2018
    • ICICI Two Wheeler Loan
      "Best Service"
      0.5 4.5/5 "Excellent!"
      My experience was very good with ICICI bank for two wheeler loan, the loan amount was based on my requirement and it was taken back on 1995. Customer service was very good and their response was on time. The tenure period for this loan is 18 months and the rate of interest was nominal.
      Was this review helpful? 4
      , pune
      Reviewed on Sep 08, 2018
    • L&T Finance Two Wheeler Loan
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      It has been a very good experience i had with them so far. The process in getting this loan had been smooth and easy and the loan amount which they had provided also had been satisfactory as well. The interest rate with them also had been nominal when compared with the market rate.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Sep 07, 2018
    • review Two Wheeler Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken my two wheeler loan with Karur Vysya bank. The process to get the loan was simple and easy and there are no issues in the documentation as well. The rate of interest and processing charges is normal and in all there has been no issues.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 06, 2018
    • HDFC Bank Two Wheeler Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan with HDFC bank and my experience was good, the loan amount was for Rs 55000 with nominal interest rate when compared to other banks. I have taken Honda Shine and made a down payment of Rs 21000. Customer service was good and they responded on time. The tenure period for this loan is 30 months.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 05, 2018
    • review Two Wheeler Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The process in getting this two wheeler loan has been good and the loan amount which they had provided had been satisfactory as well. The interest rate has been a little high when compared with the market rate, but their customer support and their staff responses had been good where there has not been any hassle so far.
      Was this review helpful? 1
      , jaipur
      Reviewed on Sep 03, 2018
    • HDFC Bank Two Wheeler Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have taken a Bike Loan from the HDFC bank. The interest rate was very high, the price of the bike was 2 Lacs and I got the loan for 1.5 Lacs, the rate of interest was very high; a whopping 19% which wasn't a satisfactory experience.
      Was this review helpful? 7
      , pune
      Reviewed on Aug 31, 2018
    • HDFC Bank Two Wheeler Loan
      "Very high interest rate"
      0.5 3.0/5 "Satisfactory"
      I've taken a bike loan from the HDFC bank, The loan amount was 70000. The interest rate was high, they processed the loan pretty fast and the application and documentation was hassle free. It was a smooth loan experience.
      Was this review helpful? 4
      , guwahati
      Reviewed on Aug 31, 2018
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