Ride Away with Our Two-Wheeler Financing
Get on the road with our Two-Wheeler Loan, designed to make purchasing a motorcycle or scooter easy and affordable. We offer competitive interest rates and flexible EMI options to suit your financial needs. Our loan covers up to 100% of the on-road price, including registration and insurance, with a repayment tenure of up to 5 years. Enjoy the convenience of daily reducing balance interest, which reduces the total cost of borrowing. Apply now and ride away with confidence on your new two-wheeler.
- Affordable Interest Rates & EMI Plans
- Flexible Repayment Terms (up to 5 years)
- Financing up to 95% of On-Road Price
- On-Road Price Includes Registration and Insurance
- Daily Reducing Balance Interest Calculation
- For Motorcycles, Scooters, and Bicycles
Eligibility Criteria
To be eligible for a Two-Wheeler Loan, you must meet specific criteria to ensure you can manage the loan effectively.
- Age Requirement: Applicants must be between 21 and 65 years old.
- Income Proof: Provide proof of steady income to support the loan.
- Credit History: A good credit score helps in getting favorable loan terms.
- Vehicle Details: The two-wheeler should meet certain specifications for loan approval.
Other Loan Solutions
Still Confused?
For help with your Two-Wheeler Loan application, please complete the form below and our adviser will assist you throughout the process.
Documents Required
To apply for a Two-Wheeler Loan, you need to provide certain documents for verification of identity, address, and financial status.
Photo Identity Proof
( Self-attested copy of any one document)
- Passport
- Voters ID
- Driving License
- PAN Card
- UID Certificate (Aadhar Card )
Address Proof
( Self-attested copy of any one document)
- Ration Card
- Passport
- Driving License
- Bank account statement
- Electricity Bill
- Telephone Bill
- Aadhaar Card
- Sale deed/ Property purchase agreement (For owned properties)
Salaried
- Statement of the bank account for last 6 months.
- 2 passport size photographs
- Proof of Identity
- Address Proof
- Income Proof: Latest Salary Slip, Form 16
- I.T. Returns or Form 16 for the last 2 years.
- Proof of Identity: (copy of any one) Passport / PAN Card / Voters ID card / Driving License etc.
- Address Proof: (copy of any one) Ration card / Driving License / Voters ID card / Passport / Telephone Bill / Electricity bill / Life Insurance policy.
Note:
- Form 16/ITR is waived for our Salary Package customers who are maintaining their salary account with the Bank for minimum 12 months.
- Statement of Bank Account (for six months) is waived for our Salary Package customers who are maintaining Salary account with us.
Non-Salaried/Professional/Businessman
- Statement of the bank account for last 6 months.
- 2 passport size photographs
- Proof of Identity
- Address Proof
- Income Proof: ITR for last 2 years
- I.T. Returns or Form 16 for the last 2 years.
- Audited Balance sheet, P&L statement for 2 years, Shop & establishment act certificate / sales tax certificate / SSI registered certificate / copy of partnership.
Process
How to Apply
Step 1
Confirm that you meet the eligibility requirements.
Step 2
Gather the necessary documents for application.
Step 3
Fill out and submit the application form at a branch.
Step 4
Provide your documents for verification.
Step 5
Receive approval and get your loan amount quickly.