✓ Attractive Interest Rates ✓ Repayment Tenure of up to 3 Years ✓ Smooth Online Process 

A two wheeler loan allows you to purchase the bike of your dreams and pay for it in monthly instalments over time. You can get two wheeler finance at lowest interest rates starting from 8.75% per annum. On top of that, you can repay your bike loan over a tenure of 3 years.

Compare and Apply for Two Wheeler Loan

Our Partners

Minimum Interest Rate

Maximum Loan Tenure


Bajaj Auto Finance

11.20% p.a.

 3 Years

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Kotak Mahindra Prime

8.75% p.a.

4 Years

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Features and Benefits of Two Wheeler Loans

  • Foreclosure charges of only up to 3% of the amount: You can pay off your bike loan ahead of maturity for a nominal fee. Note that you will only be charged if you choose to do so before the 12th EMI. You can also foreclose your bike loan partially to get your outstanding loan amount reduced or lower your monthly EMI.

  • Pre-approved offers: As a Bajaj Markets user, you will also get to choose from many customised pre-approved two wheeler finance offers often. That way, you will be able to compare them and then choose the one that is right for you.

  • Easy cash options: If you do not have a bank account, you can also repay your 2 wheeler loan in cash. This is also a feature that you can avail as a user of Bajaj Markets.

  • Customer-friendly call centres: The call centres of Bajaj MarketsS’ lending partners allow you to engage with company representatives in your preferred language.

Two Wheeler Loan Eligibility Criteria

Lenders tend to set a certain eligibility criteria that they expect hopeful two or three wheeler owners to fulfil before their application is processed. However, it may vary from one lender to another. The general eligibility criteria are as follows:


Salaried Applicants

Self-employed Applicants


Minimum 21 years while applying and maximum 65 to 70 years during loan maturity.

Minimum 21 and maximum between 65 to 70 years.

Loan amount

Up to 100% of the vehicle value

Up to 100% of the vehicle value

Work experience

1 year at least

1 year at least

Note that the two wheeler loan eligibility criteria can differ from lender to lender. You must always check with the lender of your choice prior to applying.

Documents Required for Two Wheeler Loans

You will need the following documents to apply for a two wheeler loan, depending on whether you are a salaried or self-employed individual: 


Salaried Individuals

Self-employed individuals

Identity Proof

PAN card, Voter ID, Passport and Driving License

PAN card, Voter ID, Passport and Driving License

Address Proof

Utility Bills, Passports and the likes.

Government Issued-documents such as utility bills and passports.

Income Proof

Latest Salary slips, IT Returns, Bank A/c Statements

Bank A/c statements, Income Tax Returns and audited financial statements

How to Apply for a Two Wheeler Loan

The process of applying for a two wheeler loan online through Bajaj Markets is fairly easy. All you will need to do is the following:

  • Step 1 - Fill in the basic details: Firstly, you will need to fill in details pertaining to your identity, address and government-issued credentials.

  • Step 2 - Choose Your Bike and the Amount Required As a Two Wheeler Loan: You must feed information about the bike, the authorised dealer you are going to buy it from and the exact amount you need as a two wheeler loan.

Now, after you have submitted all of your bike loan details, a representative will get in touch with you to take things forward.

How to Calculate Two Wheeler Loan EMIs

Knowing your total bike loan equated monthly instalment (EMI) amount is important as it helps you manage your finances. You can either calculate that using the two wheeler loan EMI calculator or if you want to to calculate it manually, you can use the following formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


  • P is the principal two wheeler loan amount (amount borrowed as loan)

  • R is the rate of interest

  • N is the two wheeler loan repayment tenure (Expressed in months)

Tips for Securing a Two Wheeler Loan Successfully

Some two wheeler loan applications get rejected by lenders. Such an outcome is always unwelcome. To avoid a scenario like that, follow the below steps:

  • Determine the Requirement: First, you should determine how much money you need as a loan against the bike. Also, you must avoid borrowing more than the amount you require.

  • Check Eligibility and Compare Options: Once you have decided on the bike loan amount, look at all of the two wheeler loan finance options available based on your eligibility on Bajaj Markets.

  • Check Your Credit Score: Your credit score decides the fate of your two wheeler finance loan application. If your credit history is poor, improve it before applying for the loan.

  • Get a Guarantor or Co-Applicant: If you think that your credit score is not good enough, get a guarantor or co-applicant on board. Their presence will improve your 2 wheeler loan approval chances.

  • Fill the Two Wheeler Loan Application Properly: Make sure your bike loan application form is duly filled with all the details your lender requires. An incomplete or an incorrectly-filled bike loan application form may be rejected.

  • Submit the Necessary Documents: While submitting your two wheeler loan application, make sure you submit all the bike loan documents the lender requires. Failure to do so may cause rejection.

  • Try Applying With Your Existing Lender: If you already have a long-standing relationship with a bank, try taking a loan against two wheeler from them. It may help you get a loan against a bike even if you don’t fulfil all their criteria. Alternatively, you can always take a two wheeler loan from Bajaj Markets.

If you are looking for two wheeler finance, you can take a look at the options available on Bajaj Markets. You will find some of the best two wheeler loan options on Bajaj Markets as they come with competitive interest rates, long loan repayment tenures and a host of other benefits. Apply for a bike loan now!

Two Wheeler Loans FAQs

  • ✔️Can I get a 100% bike loan?

    Yes, you can avail up to 100% of the bike amount as a two wheeler loan.

  • ✔️Can anyone get a bike loan?

    Anyone can get a bike loan. But, they must be at least 21 years old and earn a minimum of ₹7000 per month and have been working with a company for at least 1 year.

  • ✔️Do I need a guarantor for a two wheeler loan?

    If you fulfil the two wheeler loan eligibility criteria, you will not need a guarantor. However, if you think that you do not meet the criteria, you can get one on board. You can also present a guarantor to simply increase your chances of getting the bike loan.

  • ✔️What is the minimum down payment for bike loans?

    Minimum down payment for bike loans can be anywhere between 15-30% of the loan amount. It will depend upon the lender. The down payment amount will also depend on the cost of the bike and your own repayment capability.

  • ✔️How can I buy scooty in EMI?

    You will need to first check your eligibility. If you satisfy the laid-out eligibility criteria, you can apply for a Scooty though Finserv MARKETS through a quick and secure process.

  • ✔️Can I get a bike loan if I am a student and have no income?

    Yes, you can get a bike loan as a student with no income, but you will need to get a guarantor on board. The guarantor, who will become the co-applicant of your bike loan, must fulfil the bike loan eligibility criteria and have a stable source of income.