Features of two-wheeler loans

  • Get a loan of up to Rs. 21 lakh

    Get a loan of up to Rs. 21 lakh

    Avail of a loan starting from Rs. 35,000 up to Rs. 21 lakh based on your profile

  • Up to 100% funding of the on-road price

    Up to 100% funding of the on-road price

    You can avail of up to 100% funding of the vehicle's on-road price when applying for a two wheeler loan.

  • Quick approvals

    Quick approvals

    New customers can get loan approvals within a few minutes

  • 60-minute fast disbursal*

    60-minute fast disbursal*

    From approval to disbursement, we complete the process within 60 minutes

  • No field or tele-verification

    No field or tele-verification

    We ensure a hassle-free loaning process with no requirement for a verification

  • Proceed without an income proof

    Proceed without an income proof

    Get a two-wheeler loan for your dream vehicle without submitting an income proof

  • No guarantor required

    No guarantor required

    Get a loan without having a guarantor if you meet our eligibility criteria

  • Pre-approved offers

    Pre-approved offers

    Existing customers can get faster services with pre-approved two-wheeler loan offers

  • No hidden charges

    No hidden charges

    Get access to information on fees and charges with complete transparency

  • Loan cancellation/ Cooling off period

    Loan cancellation/ Cooling off period

    Cooling off/Look-up period of three days from the date of disbursement applicable for all digital loans (as per company policy on cooling off period).

Two-wheeler loan eligibility

  • Nationality

    Nationality

    Indian

  • Age

    Age

    18 years to 70 years for all employment types except salaried professionals. For salaried professionals, 60 years at loan application

  • Customer profile

    Customer profile

    Salaried individuals, self-employed individuals, pensioners, students, homemakers and farmers.

  • Income criteria

    Income criteria

    No document required*

  • CIBIL Score

    CIBIL Score

    700 and above*

    *T&C apply

Frequently asked questions

What are the benefits of a two wheeler loan?

When you purchase a new bike or scooter, you can either pay the entire amount upfront or go for a two-wheeler loan. When you choose a two-wheeler loan, you can pay for the vehicle in affordable EMIs over a convenient repayment period.

What features should I consider when applying for a two wheeler loan?

When you apply for a two-wheeler loan, check the eligible loan amount, the approval and disbursal times, and the repayment period. Also, go through the two-wheeler loan interest rates and charges to understand the two-wheeler loan terms clearly. Bajaj Finance makes the two-wheeler ownership process simple by enabling you to book your two-wheeler online on EMIs on Bajaj Mall and complete the two-wheeler loan process quickly at the nearest partner showroom.

What is the formula for calculating a two wheeler loan monthly instalment?

You can use our two-wheeler loan calculator to estimate EMIs.