✓ Interest Rates Starting @ 0.99% p.a. ✓ Up to 100% Financing ✓ Repayment Tenure of up to 4 Years Check Offer

Bajaj Auto Credit Bike Loan

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.

Bajaj Auto Credit Two-wheeler Loan Interest Rate & Charges

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.

Other Fees & Charges of Bajaj Auto Credit Two-wheeler Loan

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.

Bajaj Auto Credit Bike Loan Features and Benefits

Some of the key features of a Bajaj Auto Credit Two-wheeler Loan are as under:

High Loan Amount

You can get a loan of up to 98% of the on-road price of the bike. The loan amount starts from ₹20,000.

Affordable Interest Rate

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

Flexible Repayment Tenure

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.

Minimal Documentation

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

Easy EMI Payments

This helps you manage your finances better without the burden of a large upfront payment.

Bajaj Auto Credit Two Wheeler Loan Eligibility Criteria

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

Documents Required for Bajaj Auto Credit Two Wheeler Loan

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

Bajaj Auto Credit Bike Loan EMI Calculator

Loan Amount
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Two Wheeler Loan
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Amortization Schedule
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How to Apply for Bajaj Auto Credit Two-wheeler Loan Online?

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 Bike Loan Repayment Process

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.

EMI Payment

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.

Payment Methods

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

Why Choose Bajaj Markets for Bajaj Auto Credit Two-wheeler Loan

Go through these compelling reasons why you should consider getting a Bajaj Auto Credit Two-wheeler Loan through Bajaj Markets:

Easy Application

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

Swift Approval and Disbursal

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

Add-on Benefits

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.

Bajaj Auto Credit Two-wheeler Loan Customer Care Details

You can contact Bajaj Auto Credit customer care through any of the following channels:

  • Helpline Number: 8287222111

  • E-mail ID: customercare@bajajautocredit.com

  • Address: Bajaj Auto Credit Limited, Bajaj Auto Complex, Mumbai Pune Road, Akurdi, Pune - 411 035

Disclaimer

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.

Frequently Asked Questions

What is the longest tenure for loan repayment allowed by Bajaj Auto Credit on Bike Loans?

The maximum repayment tenure for the Bajaj Auto Credit Bike Loan is 60 months (5 years).

Are there any foreclosure charges on the Bajaj Auto Credit Two-wheeler Loan?

The foreclosure charge levied is 3% flat on the principal outstanding + GST, after the second EMI till the end of the tenure.

What is the down payment required for the loan?

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.

How are the monthly EMIs calculated?

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.

How can I make EMI payments for my loan?

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.

Can I repay my Two-wheeler Loan before the due date?

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.

What happens if I miss an EMI payment?

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.

How can I check my loan status or outstanding balance?

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.

Can I transfer my Bajaj Auto Credit Two-wheeler Loan to another person?

Most lenders do not permit loan transfers to another person. However, you can check with Bajaj Auto Credit for specific policies or exceptions.

Is my loan statement available online?

Yes, you can access your loan statement online by logging into the Bajaj Auto Credit customer portal or mobile app.

How can I contact Bajaj Auto Credit for loan-related inquiries?

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.

Are there any charges levied on prepayment on the two-wheeler loan by Bajaj Auto Credit?

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.

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