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Understand the minimum down payment you need to make on a two-wheeler and plan your bike purchase better with Bajaj Markets.
The down payment for a bike loan can range from 10% to 30% of the bike’s cost, depending on factors like loan amount, credit score, and bike's price. Making a larger down payment can lower your loan amount and interest burden, whereas a smaller down payment can lead to higher EMIs.
With the recent GST 2.0 reforms (effective September 2025), GST on bikes under 350cc has been reduced from 28% to 18%, significantly lowering on-road prices. As a result, the minimum down payment required for these bikes may now be significantly lower, making ownership more accessible.
To make your purchase even more convenient, explore Bajaj Markets and compare multiple lenders and financing options, to find the best deal for your bike loan.
Understand minimum bike down payment, lender rules, eligibility factors, and smart tips to lower costs and plan EMIs effectively in this video.
A down payment is the portion of the bike’s total cost that you pay upfront to the seller when purchasing a two-wheeler on loan. This initial payment reduces the amount you need to borrow. The remaining balance is financed through the loan.
Down payment plays a key role in determining your EMIs and the overall cost of your loan. By making a larger upfront payment, the loan amount can be reduced, which in turn lowers your monthly EMIs and total interest burden.
Some lenders might finance 100% of your bike's cost with zero down payment options. While you can opt for such a zero down payment bike loan, it is advisable to make a down payment to reduce your loan amount and the interest payable.
You can quickly evaluate different scenarios using a two-wheeler loan EMI calculator on Bajaj Markets.
Here are the factors that can influence the lowest down payment for a bike:
Higher loan amounts usually mean a bigger upfront payment because lenders typically finance 80–95% of the bike’s price.
A higher credit score (750+) signals low risk, enabling lenders to offer lower minimum down payments, sometimes as low as 5-10%.
Premium bikes may come with a higher upfront cost (15–30%) compared to entry-level models (around 10%) due to increased risk.
Down payment requirements vary by lender, with some offering varied options for zero down payment.
Seasonal discounts, manufacturer schemes, and EV subsidies can significantly lower the effective down payment.
Opting for the minimum down payment for a bike can offer several advantages. Here are a few effective ways to secure the lowest down payment to suit your needs:
If you have a positive repayment history with an existing lender, approaching them for a bike loan may help you secure better terms including reduced upfront costs.
Opting for a more affordable bike model lowers your down payment obligation, as high-end models often come with higher down payment requirements.
Many lenders introduce special schemes during festivals, including zero down payment options. However, be sure to research thoroughly to avoid hidden charges.
A strong credit score demonstrates reliability, making it easier to qualify for lower down payment options and more competitive interest rates.
You can calculate the minimum down payment using the following formula:
Minimum Down Payment = (Total Purchase Price) ×( Minimum Down Payment in %)
To estimate the minimum down payment using the bike’s price and your lender’s requirements, you can follow the below steps:
Start by identifying the bike’s full on-road price. This usually includes the ex-showroom price, RTO charges, insurance, and any mandatory add-ons.
Check your lender’s policy or loan offer to find the minimum down payment percentage. This can vary across lenders and may also depend on your credit profile.
Calculate the minimum down payment using the formula. The result will give you an approximate minimum amount you may need to pay upfront.
This can help you plan your budget smartly before you apply for a two-wheeler loan.
Consider this simple example:
If the bike costs ₹1,50,000 and the lender requires a 15% minimum down payment, then:
Minimum Down Payment=1,50,000×(15/100)=₹22,500
This way lenders can calculate the minimum upfront amount.
Whether you choose to make a larger or a smaller down payment, it comes with its own benefits and limitations.
Refer to the table below for more details:
| Pros | Cons |
|---|---|
Reduces the loan amount, lowering EMIs |
Increases the upfront cost, may result in an increased pressure on finances |
Reduces interest costs over the loan period |
Limits financial flexibility for other expenses |
Makes repayment more affordable in the long run |
|
| Pros | Cons |
|---|---|
Lowers initial cost, making purchase easier |
Increases the loan balance, leading to higher interest costs |
Allows to retain more cash for other needs or investments |
May extend the repayment period, raising total cost |
For example, if you purchase a bike for ₹1 Lakh with a 10% down payment, you would be making a ₹10,000 down payment on the bike. Hence, the loan amount would be ₹90,000. A larger down payment reduces the interest over the loan term, leading to a lower total repayment amount.
On the other hand, if the same bike is financed with a 5% down payment, you will end up paying a ₹5,000 down payment on the bike and the loan amount would be ₹95,000. A higher loan amount results in more interest and higher total repayments over the loan period.
Here is how you can apply for a bike loan on Bajaj Markets:
Step 1: Click on ‘Apply Now’ on this page
Step 2: Provide your personal details like name, age, date of birth, address, mobile number, etc.
Step 3: Enter the details about your bike and the required loan amount
Step 4: Choose a suitable loan offer and complete other formalities
Step 5: Cross-check all the details entered and submit the loan application
A representative will get in touch with you for further proceedings.
The minimum down payment for a two-wheeler loan can vary based on the lender and other factors. To get the best deal, compare offers from multiple banks and choose the one that fits your budget.
You can also select and apply for a loan that precisely matches your financial objectives and ability to repay. On Bajaj Markets, you can easily compare different two-wheeler loan options and can even get loans that finance up to 100% of the bike’s on-road cost.
Yes, it is possible. Typically, down payments range between 10% and 30% of the bike’s value. For example, if the bike is priced at ₹50,000, a 10% down payment would be ₹5,000. Some lenders may also offer special schemes with lower down payments or even zero down payment options, depending on the bike and lender.
If the bike costs ₹2 Lakhs and the down payment is 10%, you’ll need to pay ₹20,000.
The down payment amount depends on the bike’s value and various other factors. Maintaining a strong credit score can also improve your chances of securing 100% financing on the bike. Meeting the lender’s eligibility requirements can increase your chances of qualifying for a low down payment option.
The eligibility criteria for a bike loan, including a ₹10,000 down payment, are as follows:
Age: Usually above 21 years
Income: Proof of stable income (salary, business, or self-employed)
Nationality: Indian resident
Yes, you can get a bike loan with a ₹20,000 down payment, subject to the bike’s price and the lender’s terms and conditions.
The EMI depends on the bike’s price, loan tenure, and interest rate. You can use an EMI calculator or check with the lender for the exact amount.
On Bajaj Markets, you can explore bike loans with zero down payment, depending on the bike model and their policies. Always review the available schemes and terms carefully to ensure they match your requirements.
Yes, a higher credit score may help you qualify for a lower down payment. Lenders see you as a lower risk, making them more likely to offer better terms.
Yes, a larger down payment reduces the lender's risk, which can help you secure a lower interest rate or better loan terms.
Yes, a good credit score can help you reduce the down payment amount. Lenders are more likely to offer favourable terms to borrowers with a strong credit profile.
Yes, the down payment for electric bikes or scooters may be lower compared to traditional bikes, depending on the lender and any government incentives for EVs.
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