Get a Bajaj Auto Credit Two-wheeler Loan with up to 98% LTV, interest rates starting from 6.65% p.a. and a flexible tenure of up to 60 months.
The bike loan by Bajaj Auto Credit offers you affordable prices along with attractive interest rates. You are allowed to borrow up to 98% of your preferred bike’s value. Bajaj Auto gives you the flexibility to choose a tenure of repayment up to 60 months, along with hassle-free pre-closure loan options. This helps you save on your interest.
The bike loan also has a down payment starting from as low as 2%, easing the journey to own your dream bike. More importantly, the application process involves minimal documentation and an easy application process on Bajaj Markets. You can simply select the ‘Check Offer’ button and get your loan approved immediately.
The following table illustrates the applicable interest rate and other charges that you have to pay if you get a Bajaj Auto Credit Two-wheeler Loan:
Interest Rate |
6.65% p.a. onwards |
Processing Fee |
Starting from 1% |
Foreclosure Charges |
3% flat on principal outstanding+GST, after the second EMI till the end of tenure |
Maximum Loan Amount |
Loan to Value ratio of 98% |
Repayment Period |
Up to 60 months |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
Have a look at these additional fees and charges that you should know about before opting for this loan:
Types of Charges |
Details |
Documentation Charges |
Up to ₹3,000 |
Cash Handling Charges (If repayment mode is Cash) |
Up to ₹1,500 |
Bounce Charge / EMI default charge |
₹450 |
Penal Charge |
₹6 per day per instalment from the due date until the due amount is paid |
Stamp Duty |
As per regulations of the state government |
SOA Charges |
NIL |
Duplicate (Physical) NOC Charges |
₹500 |
Repossession Charges |
₹5,000 |
Repayment mode Change Charges |
₹590 |
Hypothecation Charge |
Up to ₹200 |
Mandate registration Charge (Physical Mandate) |
₹118 |
Loan Cancellation Charges |
₹1,000 |
Late Payment Fee |
₹350 |
*Disclaimer: The mentioned are subject to change at the lender’s discretion.
Some of the key features of a Bajaj Auto Credit Two-wheeler Loan are as under:
You can get a loan of up to 98% of the on-road price of the bike. The loan amount starts from ₹20,000.
While the exact interest rate levied is dependent upon multiple factors such as your income, CIBIL score, etc., Bajaj Auto Credit offers bike loans at really affordable interest rates ranging from 6.65 Read More% p.a. to 13.50% p.a. Read Less
You can choose the repayment tenure of your choice as per your convenience. Bajaj Auto Credit Bike Loan terms allow you to repay the loan amount over a period of up to 60 months.
Bajaj Auto Credit requires only some basic documents like the standard KYC documents (id proof and address proof) and a proof of income (salary slips/income tax returns) before sanctioning you a Bajaj A Read Moreuto Credit Bike Loan. Read Less
This helps you manage your finances better without the burden of a large upfront payment.
You need to fulfil the following eligibility criteria in order to get a Bajaj Auto Credit Two-wheeler Loan:
Your age must be between 21 and 65 years
You must be a resident of the city in which you are applying for the loan for at least the past year. Relevant evidence must be submitted for the same.
If salaried, you should be employed with a reputable firm for at least 3 years. Meanwhile, if self-employed, you must provide proof of successful and profitable business operations over the past 2 years.
You must have a CIBIL score of 750 or more
You must possess all of the standard KYC-related documents, income proofs and a mobile number
You need to furnish the following documents in order to be eligible for a Bajaj Auto Credit Two-wheeler Loan:
ID Proof: (Any one of the following)
Aadhaar card
Voter ID
PAN card
Passport, etc.
Address Proof: (Any one of the following)
Voter ID
Aadhaar card
Driving licence
Passport
Utility bills
Rent agreement, etc.
Income Proof:
For salaried applicants: Last 3 months’ salary slips or Form 16
For self-employed applicants: Income Tax Return (ITR) Certificate
Other Proof:
NREGA-issued card that proves eligibility for wages
Identity document provided by the National Population Register
Officially Valid Documents (OVD):
Utility bills such as telephone bill, electricity bill, water, piped gas, post-paid and more.
Tax receipt issued by the Municipality
Document of Family pension payment
Employer-issued letter of allotment of accommodation provided by the Central or State government, statutory bodies, scheduled commercial banks and more
Applying for a Bajaj Auto Credit Bike Loan through Bajaj Markets is simple and hassle-free. All you need to do is follow the below-mentioned steps and you can easily get a Bajaj Auto Credit Bike Loan:
Select the ‘CHECK OFFER’ option provided on this page
Input your mobile number, title and full name (as per your KYC)
Select your choice of interest (Two Wheeler or Three Wheeler) from the drop down list
Now enter your area pincode, choose the showroom name from the drop-down list and enter the dealer code.
Click on ‘CHECK OFFER’ and then you will be asked to enter the OTP to receive further details.
Once the application process is completed, it may take up to 24 hours for the application to be verified. Following this, a representative of Bajaj Auto Credit will contact you to further process your loan application.
You can also apply for a two-wheeler loan offline by either contacting a representative of the lender or visiting one of our branch offices. The respective customer care executive will assist you throughout the application process. Simply complete the application form and provide the necessary documents.
Bajaj Auto Credit offers a streamlined process for repaying bike loans, ensuring convenience and flexibility for borrowers. Below is essential information regarding the repayment process, including EMI payments, payment methods, and prepayment options.
EMIs are fixed monthly payments made towards the repayment of your bike loan. Each EMI consists of both principal and interest components, allowing you to pay off the loan over a specified tenure, typically ranging from 3 months to 60 months. Bajaj Auto Credit provides an EMI calculator to help you get an estimate of the instalments based on the loan amount and interest rate.
Take a look at these mediums through which you can pay the monthly instalments of your Bajaj Auto Credit Bike Loan:
Net Banking
Debit Card
e-Wallet
UPI
Mobikwik
Paytm
Cash challan
NEFT
Go through these compelling reasons why you should consider getting a Bajaj Auto Credit Two-wheeler Loan through Bajaj Markets:
If you choose Bajaj Markets to apply for a Bajaj Auto Credit Bike Loan, the application process would be easy and hassle-free, plus your loan would be processed with minimal documentation
Your loan is approved within 24 hours of application (post document verification) and the amount is also credited to your bank account without much delay
You also get many add-on benefits and privileges if you apply for your Bajaj Auto Credit Two-wheeler Loan on Bajaj Markets. For example, you get an insurance cover to protect your liability and a credit report if you apply for a bike loan through Bajaj Markets.
You can contact Bajaj Auto Credit customer care through any of the following channels:
Helpline Number: 8287222111
E-mail ID: customercare@bajajautocredit.com
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
The maximum repayment tenure for the Bajaj Auto Credit Bike Loan is 60 months (5 years).
The foreclosure charge levied is 3% flat on the principal outstanding + GST, after the second EMI till the end of the tenure.
Bajaj Auto Credit offers a loan-to-value (LTV) ratio of up to 98%. Thus, the minimum down payment required when you opt for the loan is about 2% of the bike’s value. However, the LTV offered to you depends on your eligibility for the loan and the lender’s policies.
Monthly EMIs are calculated depending on the principle loan amount, chargeable rate of interest, and repayment tenure by utilising this formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1], where P is the principal, R is the monthly interest rate, and N is the number of instalments.
You can pay your EMIs through various methods such as UPI, internet banking, NEFT/RTGS, auto-debit, or via the lender’s app or website.
Yes, most lending institutions allow you to prepay your loan on your choice of two-wheeler, but it may incur a prepayment fee. Check with your lending institution for specific terms and conditions.
Missing an EMI payment can result in late payment charges, impact your credit score, and may lead to loan default if payments remain overdue for a long period.
You can check your loan status or outstanding balance via the lender's website, mobile app, or by contacting their customer service with your loan account details.
Most lenders do not permit loan transfers to another person. However, you can check with Bajaj Auto Credit for specific policies or exceptions.
Yes, you can access your loan statement online by logging into the Bajaj Auto Credit customer portal or mobile app.
You can contact Bajaj Auto Credit through their customer care number, email, or by visiting the nearest branch. Contact details are usually provided on their official website.
Bajaj Auto Credit levies 3% of prepayment charges based on the loan amount, if it is paid prior to the 12th monthly installment with GST.