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

The Muthoot Capital Two-wheeler Loan enables you to purchase a bike of your choice without making any down payment. Get amounts of up to 100% of your bike’s on-road price with this loan, now available on Bajaj Markets. You can borrow amounts of up to ₹3 Lakhs and benefit from low interest rates starting from just 0.99% p.a. Furthermore, you can also repay the loan over flexible tenures ranging up to 4 years.

Interest Rates and Charges

The interest rates and charges applicable to this loan are as listed below:

Interest rate

0.99% p.a. onwards

Processing Fee

2% to 4% + GST

Late Payment Charges

2% per month

*Disclaimer: The aforementioned details are subject to constant change at the lender’s discretion.

Muthoot Capital Two-wheeler Loan EMI Calculator

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Features and Benefits

High Loan Amount

Secure amounts as high as ₹3 Lakhs and purchase a two-wheeler of your choice

Up to 100% Funding

Get up to 100% of the bike’s on-road price, and own the two-wheeler with zero down payment

Affordable Interest Rates

Interest rates charged on these loans start at just 0.99% p.a.

Minimal Processing Fee

Save on your borrowing costs with a low processing fee, ranging from 0% to 4% of the loan amount

Easy Documentation

Documentation is simpler and more convenient with the online application process

Prepayment Facility

Close your loan before the end of the repayment tenure with this facility

Eligibility Criteria and Documents Required

Meet the following criteria to be eligible for this bike loan:

  • You must be either a salaried or a self-employed individual
  • If salaried, you should have a salary of at least ₹96,000 per year
  • If self-employed, you must have a yearly income of at least ₹1.2 Lakhs
  • You should fall under the age bracket of 18 to 68 years

 

In addition to this, keep the following documents handy when applying for this loan:

  • Identity Proof: Any one of the following
  1. Aadhaar card
  2. Voter ID
  3. Passport
  4. Driving licence
  • Address Proof: Any one of the following
  1. Aadhaar card
  2. Voter ID
  3. Passport
  4. Driving licence
  5. Ration card
  • Income Proof: Any one of the following
  1. Bank statements
  2. ITR filings
  3. Salary slips
  4. Form 16
  • Asset proof: Latest land, building, or house tax receipt
  • Recent passport-size photographs of the applicant

How to Apply?

Here is how you can apply for a Muthoot Capital Two-wheeler Loan on Bajaj Markets:

  • Click on the ‘Apply Now’ option on this page
  • Provide your personal and bike-related details
  • Select ‘Muthoot Capital’ from the list of lenders
  • Compare the loan offers available and select the preferred one
  • Submit the application form

 

Following this, an executive will reach out to you for further proceedings.

FAQs

How much can I borrow with this Muthoot Capital Two-wheeler loan?

You can secure amounts as high as ₹3 Lakhs with the help of a Muthoot Capital Two-wheeler Loan.

How much down payment do I need to make when opting for Muthoot Capital Two-wheeler loan?

You may not be required to make any down payment. This is because you can borrow up to 100% of the bike’s on-road value. This eliminates the need for any down payment.

 

What is the processing fee charged on Muthoot Capital Two-wheeler loan?

A processing fee ranging between 0% and 4% may be charged on this loan offered by Muthoot Capital.

 

What is the repayment tenure for Muthoot Capital Two-wheeler loans?

You can repay these loans over tenures ranging up to 4 years.

 

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