Features of a two-wheeler loan
Get a two-wheeler loan and pay in affordable EMIs.
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Up to 100% funding of the on-road price
We provide up to 100% funding* of the on-road price of your dream vehicle
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Get up to 6 years to repay your loan
Choose a flexible repayment tenure ranging from 12 months to 72 months
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No minimum credit score is required
We have not specified a minimum credit score to qualify for this loan
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No guarantors are required
We do not ask for a guarantor if you meet the eligibility requirements
Two-wheeler loan eligibility criteria
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Nationality
Indian
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Age
18 years to 65 years for all employment type except Salaried. For Salaried 60 years at loan application
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Customer profile
Salaried individuals, Self-employed individuals, Pensioners, Students, Homemakers, and farmers.
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Documents required
(1) 3-month bank statements. For salaried customers, banking should reflect Salary credits.
(2) Latest month salary slips for SAL & ITR as per norms mentioned in policy.
(3) Residence and Employment Stability proof / Business Proof -
CIBIL score
No minimum requirement*
How to apply for a two-wheeler loan online?
With Bajaj Finance, applying for a two-wheeler loan is hassle-free
- 1 Click on 'Book Now' and you will be redirected to the Bajaj Mall website.
- 2 Select the two-wheeler you plan to buy after reviewing the product specifications and checking the product availability at your PIN code.
- 3 Click on ‘Book Now’ to confirm your booking.
- 4 Our representatives will contact you to guide you on the next steps.
You will required a few documents for the loan.
- KYC documents: Passport, Driving License, Voter’s Identity Card, Aadhaar, Job Card issued by NREGA duly signed by an officer of the State Government and letter issued by the National Population Register. Any additional documents required will be communicated at the time of loan application.
Frequently asked questions
A two-wheeler loan helps you buy a scooter or a motorcycle by offering a credit of up to Rs. 21 lakh and allows you to repay the credit in convenient EMIs.
We do not require a minimum credit score but any score below 720 may lead to a lower loan amount approval.
Bajaj Finserv offers flexible tenures ranging from 12 months to 72 months.
You can apply for a two-wheeler loan in just a few easy steps:
- Click on ‘Book Now’ on this page to book your two-wheeler on EMI on Bajaj Mall or reach out to the Bajaj Finance Representative at the store
- After a quick eligibility check, get instant approval without any field investigations
- Pick the amount and repayment tenure according to your choice
- Purchase your new bike
The rate of interest would fall up to 35% per annum, depending on the applicant’s profile and the tenure chosen by the applicant.
The maximum tenure offered by Bajaj Finance on a two-wheeler loan is 72 months (6 years).
