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

Superbikes are becoming more common on Indian roads as youngsters rush to buy them in a bid to seek adventure. While some super bikes are imported into India, others are made in India itself. Regardless of their origin, most super bikes have exceptional features in terms of engine capacity and power and also design. These are sleek powerful machines that are also extremely expensive. 

 

However, it is now much more affordable to buy a superbike in India owing to the wide range of superbike financing options available in the market. You can avail a super bike two wheeler loan. 

Banks Offering Super Bike Loan in India

It is important to understand the different factors involved in a loan, including the superbike loan interest rate, in order to pick the loan that best meets your requirements. If you are looking to understand the best superbike financing options available for you, read below. 

Bank Name

Interest Rate Offered

Processing Fees

Bank of India

7.25%

Nil

HDFC Bank

8.50%

Minimum Rs. 600 on 3% of the loan amount

Punjab National Bank

9.50%

Minimum Rs. 275

State Bank of India

16.35%

Minimum Rs. 1000 on 2% of loan amount

Axis Bank

10.5% to 24%

Rs. 5,000

Different Banks and NBFCs charges different interest rate, check two wheeler loan interest rate and other charges offered by various Banks and NBFCs

Features and Benefits of Super Bike Loan

While a superbike makes for an incredibly thrilling purchase, the expense of owning it can be considerable. Thus, a super bike loan can often be your best option for buying this vehicle. Read on below to understand the features and benefits of availing a superbike two wheeler loan.

  • Easy Financing of High-value Purchase: Superbikes are an aspirational vehicle and as such, are extremely expensive to own. Thus, it is best to apply for a super bike loan to ensure you get your dream vehicle. Aside from the cost of the vehicle itself, you can also avail additional funding for getting accessories for the super bike.

  • Higher Loan Amount: Since superbikes are expensive, the loan amount offered by most lenders is significantly high. There is no limit to the loan amount for super premium bikes but it is best to narrow in on the bike you wish to buy and assess how much it is likely to cost before approaching a lender.

  • Higher Repayment Tenure: Usually, the higher the loan amount is, the longer is the repayment tenure. You can easily negotiate with the lender to assess how long and flexible your repayment tenure can be.

  • Easy Applications: It is possible to apply for a superbike loan through both online and offline means. Regardless of where you are located, you can easily apply for super bike financing. Head to the nearest branch of the bank you want the loan from or apply online for a convenient and simple loan application process.

  • Easy Access: Super bike loans are easy to avail for anybody, regardless of their occupation status. Whether you are a salaried employee or self-employed, it is possible for you to avail loan for super premium bikes.

  • Plethora of Options: There are several lenders in the Indian market who are offering superbike loans. As a result, for the applicant, there are several options available in the market. It is possible for you to compare the different lenders and their benefits before selecting the lender you wish to avail the super bike loan from.

Eligibility Criteria for Super Bike Loan

Before you set out to avail a superbike loan, it is best to understand the eligibility criteria associated with getting superbike financing. Read on below to learn the eligibility criteria for borrowers wishing to avail a superbike two wheeler loan.

Eligibility Criterion

Salaried Applicant

Self-employed Applicants

Age

Minimum 21 years at time of application and maximum 70 years at maturity of loan.

Between 21 to 70 years.

Monthly Income

Rs. 7,000

Rs. 6,000

Credit Score

Over 750

Loan Amount

Up to 100% of the vehicle’s value

Stability in Residence

Residing at the same address for at least 1 year

Work Experience 

1 year

The eligibility criteria for a two wheeler loan varies from lender to lender, check the two wheeler loan eligibility criteria.

Documents Required for Super Bike Loan

While the eligibility criteria for availing a superbike loan is quite flexible, there are some documents that you are mandatorily required to submit in order to avail the maximum loan amount for super premium bikes. Read on below to learn about the documents you are required to keep handy while applying for a super bike loan.

  • Proof of Identity: This could be an Aadhaar card, passport, or voter’s ID for both salaried and self-employed individuals.

  • Proof of Residence: For salaried individuals, this could be their passport or Aadhaar card or even utility bills. For self-employed individuals also, government-issued IDs like passport or Aadhaar card or utility bills will be sufficient.

  • Proof of Income: This is where the documents required from salaried and self-employed individuals differ. Salaried individuals can submit IT returns, bank statements, or their latest salary slips as proof of income. Self-employed individuals are required to submit audited financial statements, IT returns, or bank account statements. 

List of Super Bikes Eligible for Super Bike Loan

Read on below to learn which superbikes are eligible for super bike financing in India. 

  • Kawasaki Ninja H2

  • Honda CBR Fireblade

  • Ducati 1299 Panigale S

  • MV Agusta

  • Suzuki GSX S1000F

  • Suzuki GSX R1000

  • Yamaha YZF - R1

  • BMW S1000RR

  • Aprilia RSV4

  • Suzuki Hayabusa

Conclusion

Now that you know that there are several options available, hurry to get the best super bike loan. You can also apply for a two wheeler loan at Bajaj MARKETS in easy steps and repay it over a flexible repayment tenure.