Two-wheeler on EMIs

1. Visit the Bajaj Mall website or the Bajaj Mall section on the Bajaj Finserv app.
2. Browse the available vehicle models on Bajaj Mall and choose your preferred bike or scooter.
3. Select a convenient EMI plan.
4. Check applicable offers, review the vehicle details, and book your new bike or scooter online on Bajaj Mall.

After the online booking confirmation, a Bajaj Finance representative will help you with the two-wheeler loan process. Once the paperwork is in order, you will get the delivery of your vehicle in the nearest partner showroom.

The rate of interest charged by Bajaj Finance ranges up to 30% per annum depending on the applicant’s profile and the tenure chosen.

The minimum age is 18 years and the maximum age is 70 years.

Below are the fees and charges that apply to two-wheeler loans:

1. Rate of interest: Up to 30% per annum

2. Processing fee: Up to 12.95% of the loan amount (inclusive of applicable taxes)

3. Documentation and hypothecation charges: Up to Rs. 2,500/- (inclusive of applicable taxes) collected upfront

4. Stamp duty (as per respective state): Payable as per state laws and collected upfront

5. Prepayment charges: Full prepayment - Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment

Part-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

6. Bounce charge: Rs. 531/- per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii)  non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.

7. 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.

8. Legal, repossession and incidental charges: Rs. 5,000 (inclusive of applicable taxes)

9. Stockyard charges: Rs. 59/- per day up to 60 days (inclusive of applicable taxes)

10. Broken Period Interest/ Pre-EMI Interest:

Method of recovery of ‘Broken period interest / pre-monthly instalment interest’ would be as follows:
Scenario 1: If loan is disbursed on 1^st or post 20^th of the month:
BPI amount will be capitalised, i.e. added to principal amount on due date / added to first instalment
Scenario 2: If loan is disbursed between 3^rd and 20^th of the month:
First instalment will consist of interest for actual number of days

11. NOC KIT: NA

12. 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.

13. DCC charges: Up to Rs. 1,500 (inclusive of applicable charges)

14. Cancellation charge: Rs. 2,360 (inclusive of applicable charges)

Note: In the event of loan cancellation, customer shall also bear the interest accrued on the loan till the date of cancellation and stamp duty charges levied on loan at the time of loan origination.