Instant Approval | Minimum Document | Flexible Repayment Tenure
✓ Attractive Interest Rates ✓ Repayment Tenure of up to 4 Years ✓ Smooth Online Process
- Interest Rate: 6.49% p.a.* onwards
- Loan Amount Range: Up to 100% of the on-road price of the bike
- Loan Tenure: Up to 4 years
A two wheeler loan allows you to purchase your dream bike and pay for it in monthly instalments over a period of time. Get two wheeler finance at an affordable interest rates with quick processing at Bajaj Markets.
Our Partner |
Minimum Interest Rate |
Maximum Loan Tenure |
7.30% p.a. onwards |
4 Years |
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6.49% p.a. onwards |
4 Years |
It is important to throughly evaluate the bike loan interest rate before you choose a two wheeler loan lender. Lower the interest rate, lower will be your monthly EMIs. Check the interest of our two wheeler loan providing partner and apply now.
How to Apply for a Two Wheeler Loan
The process of applying for a two wheeler loan online through Bajaj Markets is fairly easy. Simply, follow the below steps:
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Fill in the basic details
Fill in details pertaining to your identity and address
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Choose Your Bike and the Amount you Need
Feed information with bike details, dealer and the loan amount you need
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Submit Details
Submit your applications, a representative will call you to take things forward.
Bike Loan EMI Calculator
| Year | Principal | Interest | Balance |
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Identity Proof: PAN card, Voter ID, Passport and Driving License
Address Proof: Utility Bills, Passports, Government Issued-documents etc.
Income Proof: Salary slips, IT Returns, Bank A/c Statements, audited financial statements etc.
Minimum 18 and maximum between 65 to 70 years
Applicant should be resident of India
- Applicant should have good CIBIL Score
Salaried applicant should have atleast one year of job and self employed applicant should have IT returns for atleast 2 years
Features and Benefits of Two Wheeler Loan
Foreclosure charges of only up to 3% of the amount
You can foreclose your bike loan ahead of maturity for a nominal fee. Note, you will only be charged if you choose to do so before the 12th EMI. You can also opt for part-payment.
Pre-approved offers
At Bajaj Markets, 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 right option 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.
Flexible Repayment Tenure
You get a flexible repayment tenure ranging upto 4 years. This feature helps you to repay your loan in a time period that best suits your financial plan.
FAQs
You can avail up to 95% of the bike amount as a two wheeler loan on Bajaj Markets.
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.
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 loan.
Minimum down payment 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.
You will need to first check your eligibility. If you satisfy the laid-out eligibility criteria, you can apply for a Scooty though Bajaj Markets through a quick and secure process.
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, must fulfil the bike loan eligibility criteria and have a stable source of income.
Check Your CIBIL Score
