Two-wheeler Loan Interest Rates and Charges
Bajaj Finserv offers a two-wheeler loan at an affordable rate of interest. Done

Bajaj Finance offers two-wheeler loan interest rates (scooter/bike loan interest rates) of up to 35% per annum. Check the table below to understand the different types of fees and the applicable charges when you go for a two-wheeler loan.

Type of fee

Applicable charges

Rate of interest

Up to 35% per annum

Processing fee

Up to 12.95% of the loan amount (inclusive of applicable taxes)

Documentation and hypothecation charges

Up to Rs. 2,500/- (inclusive of applicable taxes) collected upfront

Stamp duty (as per respective state)

Payable as per state laws and collected upfront

Prepayment charges

Full prepayment
Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment

Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment

*Full/part-prepayment will be processed post clearance of the first EMI

Bounce charge

In case of default of repayment instrument, Rs. 531/- per bounce will be levied

Penal charge

Delay in payment of instalment(s) shall attract penal charge of Rs. 6 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Instalment default charge

Rs. 450/- per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered

Loan enhancement fee

Rs. 117/- (inclusive of applicable taxes) for temporary increase in EMI card limit for the loan transaction. Same will be charged only for increase in limit in excess of Rs. 999/- to be collected along with first instalment

Legal, repossession and incidental charges

Rs. 3,540/- (inclusive of applicable taxes)

Stockyard charges

Rs. 59/- per day up to 60 days (Inclusive of applicable Taxes)

Broken period interest/ pre-EMI interest

Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s) which is(are) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by adding to the first instalment amount

Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, interest is charged only for the actual number of days since the loan was disbursed



Fees for delay in RC hypothecation

Rs. 1500/- (inclusive of applicable charges)

*This is a one-time charge levied if there is delay in receiving the RC beyond 120 days post disbursement

Cash collection handling charges Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.
Cash deposit charges Customers will incur a cash deposition charge of Rs. 50 (inclusive of applicable taxes) when making cash payments at our branch offices.
PG facility charges Rs. 11 (inclusive of applicable taxes) will be charged for utilising the payment gateway to make part or full payments towards the loan through digital properties.

Frequently asked questions

What is the interest rate on a bike loan?

A two-wheeler loan from Bajaj Finance comes at interest rates of up to 35% per annum.

How can I know the status of my two-wheeler loan?

You can login to our customer portal on the web or using our app to check the status of your two-wheeler loan application. 

What is the minimum amount for a bike down payment?

The minimum amount for a bike down payment varies depending on the bike's cost and the loan terms.

What the ex-showroom and on-road prices of a two-wheeler?

The ex-showroom price of a bike refers to the cost of the bike at the showroom before adding taxes, registration charges, insurance, and other expenses. On the other hand, the on-road price includes the ex-showroom price, taxes, registration charges, insurance, and other expenses that come with purchasing a bike.

How can I apply for a bike loan?

You can visit Bajaj Mall to choose a bike of your choice. Then, select a suitable EMI plan and confirm the booking of the bike. Our representative will reach out to close a few details of your two-wheeler loan from Bajaj Finance. You will need to meet the basic eligibility criteria to qualify for a two-wheeler loan.

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