✓ Attractive Interest Rates ✓ Repayment Tenure of up to 4 Years ✓ Smooth Online Process 

A two wheeler loan allows you to purchase your dream bike and pay for it in monthly instalments over a period of time. You can get two wheeler finance at lowest interest rates starting from 8.5% per annum with a repayment tenure of upto 4 years.

Interest Rate 8.5% p.a. onwards
Processing Fee Variable
Loan Amount Range Up to ₹10 Lakhs
Loan tenure Upto 4 years

Eligibility for Two Wheeler Loan

  • Minimum 18 and maximum between 65 to 70 years.
  • Applicant should be resident of India
  • Salaried applicant should have atleast one year of job and self employed applicant should have IT returns for atleast 2 years
  • Applicant should have good CIBIL Score

Bike Loan Interest Rate and Charges

Its important to throughly evaluate the bike loan interest rate before you opt for a bike loan by a lender. The lower the interest rate, lower will be your monthly EMIs. Check the interest of our loan providing partner and apply for bike loan.

Our Partner

Minimum Interest Rate

Maximum Loan Tenure


Bajaj Auto Finance

8.50% p.a.

 4 Years

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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 for bike loan pertaining to your identity and address.

  • Step 2 - Choose Your Bike and the Amount you Need : 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.

Bike Loan EMI Calculator

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Documents Required for Bike Loan

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


  • Identity Proof such as PAN card, Voter ID, Passport and Driving License
  • Address Proof such as Utility Bills, Passports, Government Issued-documents etc.
  • Income Proof Latest Salary slips, IT Returns, Bank A/c Statements, audited financial statements etc.

Features 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 Markets’ lending partners allow you to engage with company representatives in your preferred language.

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 on 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.