How Much Minimum Down Payment is Required for Bike Loan?

Two Wheeler Loan
Bike loans are customised loans to buy a bike conveniently without collateral. When you take out a loan to acquire a high-value item such as a vehicle or a two-wheeler, you are often asked to pay between 5 to 30% of the purchase price upfront, referred to as the down payment. The lender gives the remaining 70–95% of the value as a loan. That said, many lender’s offer bike loans at zero down-payments too. 

What is Zero Down Payment?

Several lenders offer zero down payment bike loans to simplify and optimise the loan application process. If you match the qualifying requirements, the bank will pay the total amount of the bike or scooter without requiring you to make any payments.

Factors Affecting Zero Down Payment Amount

Determining an appropriate down payment amount while ensuring that your EMI is as low as feasible is necessary. However, you need to understand the elements that influence the down payment amount before you do so.

  • The two-wheeler price

  • Bike model

  • Your ability to repay

  • Credit score – the better your credit score, the more money you may borrow.


You can use a bike EMI Calculator to determine the monthly payment required for an EMI. This sum should be easily manageable for you financially.

Two-wheeler Loan Processing Fees

Getting a bike loan involves paying a processing fee from your bike’s price—requests for loans process at a cost. In addition, they are often in the form of a percentage of the overall loan. There are no exceptions to the non-refundable processing charge. 
Take advantage of this facility and apply for two-wheeler loans and fulfil your needs.

Must Read:
How To Calculate Two Wheeler Loan EMI?

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