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Lack of funds cannot hold you from cruising in your favourite two-wheeler, as you can avail of a bike loan to pay for it. In fact, you can even find the lowest down payment bikes and finance the purchase affordably. This reduces the burden on your savings significantly.  

Read on to learn about these loans, what you need to know about bike down payment and more.

Down Payment Required for Bike Loan

You will have to pay a certain amount as a down payment for bikes when you decide to buy it with a two-wheeler loan. It can range from 15-30% of the bike’s value. Note that certain lenders finance 100% of the two-wheeler’s cost, which means they require zero down payment. 


Do note that the minimum down payment for a bike will also depend on your income level and the kind of bike you wish to purchase.

For instance, assume that the cost of the two-wheeler you purchase is ₹33,333, and the minimum requirement for the down payment is 30%. You will then have to pay a ₹10,000 down payment on the bike loan. While this is fairly affordable, it is advisable to pay a certain amount as a down payment to reduce your total borrowing and interest payable.

How to Buy Bikes with Minimum Down Payment

When looking for a bike loan, you can compare different offers and choose the one that allows the lowest down payment on a bike purchase. Here is how you can opt for an offer with a low down payment on a bike loan:

  • Go to the official website of the lender or visit its nearest branch

  • Apply for the bike or two-wheeler loan option by providing your personal and employment details

  • Once you submit the application form along with essential documents, a representative from the lending institution will contact you

  • You can choose the tenure that suits your repayment capacity

  • The representative will also inform you about the amount of down payment you can make

  • You can choose the option that allows you to make the lowest down payment on a bike loan

Factors Affecting Minimum Down Payment

Here are the factors that influence the minimum amount payable as a down payment when you purchase a bike with a two-wheeler loan:

  • Loan Amount: You may have to make a higher down payment if you avail of a higher loan amount

  • Credit Score: If you have a higher credit score, the lender may be more inclined to allow you to pay a lower down payment 

  • Bike’s Model: If you decide to buy an expensive bike, lenders will require you to pay a higher down payment

  • Policy of the Lenders: The down payment policies will differ based on the lender you choose, with some even offering zero down payment facility


On Bajaj Markets, you can easily compare different two-wheeler loan offers and can even avail of loans that finances 100% of the bike’s on-road cost. Not only that, you can also apply for the one that best suits your repayment capabilities.

FAQs on Minimum Down Payment Required for a Bike Loan

What is the minimum down payment requirement for a bike loan?

The minimum down payment for a bike loan may differ depending on the lender you choose. The down payment amount typically ranges between 15% and 30% of the bike’s value. However, some lenders may even offer zero down payment loans, where you can finance the 100% cost of your bike.

Can I purchase a bike by making a down payment of ₹5,000?

Supposing that the lender requires you to pay 15% upfront cost on a total loan of ₹33,333. Then, you will have to pay a ₹5,000 down payment on the bike purchase.

Can I buy a bike on loan with zero down payment?

Yes, certain lenders offer zero down payment facility on bike loans.

What will be the amount I need to pay as a down payment on a bike worth ₹2 Lakhs if the minimum requirement is 10%?

You will have to pay ₹20,000 down payment on a bike loan. This will be applicable if the lender requires you to pay 10% of the bike’s cost, i.e., ₹2 Lakhs.

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