All You Need To Know For Financing Your Motorbike On EMI

For most buyers, riding or purchasing a dream bike requires months, or in some cases, years of savings. These buyers may comprise of students, adults, and professionals who have to cut their expenses to save enough to buy a motorbike they are interested in.

For such buyers, Two wheeler loan is a great option to not just own a bike but also have the payments made in easy monthly instalments. This gives added flexibility when purchasing a dream bike, and relieves the stress of spending a large amount in one go.

If you are considering to go down this path, this article will help you understand the nuances of a Bike EMI, so you can drive home your dream bike without making a blunder. 

What Is A Two Wheeler Loan?

A two-wheeler loan gives the buyer the benefit of availing easy monthly instalment (EMI) payment options with an additional interest rate to buy a two-wheeler that the buyer wants. This enables the buyer to pay the cost in smaller monthly payments rather than shelling out the entire amount in one go.

This facility can be availed through a motorbike dealership, bank, or a third-party institution.

How Much Do You Calculate Your Bike’s EMI?

The amount paid by the buyer after opting for a two-wheeler loan is determined by several factors. These factors include bike amount, EMI period, and the interest rate at which the loan is offered.

Before you opt for a two-wheeler loan, here are a few factors you should consider:

  1. Know the interest rate:To calculate your monthly payment, it is optimal to know the interest rate and price of the bike you are looking to purchase. Since there are many options in the market, buyers can pick and choose and take the next step.
  2. Calculate EMI using loan calculator: Calculate the amount you may need to repay online based on tenure, total amount and interest rate applicable. You can use the Bike EMI Calculator to understand it.
  3. Loan duration: While it is enticing to go for a shorter loan tenure, it is smart to decide how much the impact of the EMI will be on your finances and choose the right option. Understand the tenures available for your bike and make the smart decision.
  4. Fees and charges: With most loans, in addition to the principal amount and interest rate, there are other fees that the buyer has to pay upfront. Making sure to know this in advance will save you from last-minute hiccups!

What Determines Your Eligibility?

To make sure you are eligible for the loan, make sure to check the eligibility criteria. This will depend a lot on your credit score as that will determine your financial background. After you submit your application, the bank or the lender will consider your eligibility based on factors like:

  1. Age: The minimum age for acquiring a loan is 21 years, but it could be relaxed to 18 years if other factors play out in your favour. Financiers are normally hesitant to give loans to young people as there is minimal credit history.
  2. Employment: It is perhaps the most important factor to decide your eligibility for loan application. Having a stable job at the same company for a long duration works as a bonus. Freelancers and self-employed adults have a low ranking, but that can be discarded if the buyer can showcase excellent financial health using financial statements
  3. Income: It is another crucial factor to determine eligibility for the loan. Income determines if you will have enough money to repay your monthly instalments. If you are opting for a bike that is way outside your income bracket, the likelihood of getting a loan is low.

The application will generally ask for more documents like:

  1. Passport Size Photos
  2. ID Proof: Government-approved ID proof like Voter ID card, driving license and Aadhar Card
  3. Address proof: Documents like a utility bill, rent agreement, or Aadhar card
  4. Employment proof: Although optional, some lenders may ask to see salary slips or letter from the employer to testify that you have been associated with the company.

How Do You Choose The Best Finance Options?

As a buyer, there are innumerable two-wheeler loans and EMI options available in the market today. While this makes it easy to own a bike, the buyer should make sure to do a thorough background check and opt for an option that best suits his/her requirements.

Why You Should Choose Two Wheeler Loan to Buy a New Bike?

Gone are the times when loans were a stressful and time-consuming process. Today, there exist a hundred types of loans, and most of these are super easy to avail. All thanks to the increased digitization of financial application processes.

With the modified eligibility criteria and quicker approval process, going for a Two wheeler loan is a more advantageous option than spending all your savings to buy your desired vehicle.

There are many benefits of taking a two wheeler loan –

  • Easy eligibility and Quick approval
  • Increased CIBIL score
  • Freedom to bring home your dream bike
  • Balanced expenditure
  • The lesser burden on the pocket

The article talks about various reasons which make the loan a reliable option if you are planning to switch to personal transport. It discusses in detail the advantages of a two-wheeler loan. From increased CIBIL scores to insurance benefits, a loan is a superb way to buy your favourite bike. And that too, without any associated downsides. You can easily calculate bike loan EMI with Bike Loan EMI Calculator.

Why You Should Buy Bajaj Platina H-gear 110?


For long periods, Indian bike makers have shied away from making a custom 5-speed gearbox. The reason for this was that manufacturers felt that customers would not be willing to pay extra for the additional features that were provided. However, one thing that was probably not considered was that customers are also looking for bikes that can offer them more excellent mileage without compromising the power output by the bike. That is why Bajaj Bikes has done a great job of identifying what the daily commuter wants and needs.

Through the Bajaj Platina 110 H Gear, customers now have access to a stylish bike that can accompany them through their daily bumper to bumper traffic of Indian roads. The additional padding of the bike makes long hours on the road better to bear, and other features such as Bajaj’s patented braking system adds more comfort to the ride. The key selling point of the Platina H Gear will continue to be its ergonomics, 5-speed gearbox as well as the combined braking system.

It is great to see that there are manufacturers out there who are listening to the needs of the customers and providing us with what we ask for.

To buy Bajaj Platina you can apply for Two Wheeler Loan at the lowest interest rates.

How to compare and choose the best bike

Getting a new bike is no longer the financial ordeal it once was. Compared to cars, bikes offer customers versatility and can be marketed as an island of affordability. Now with banks and other finance companies also offering buyers incredible, low-interest two-wheeler loans, the possibilities are endless.

Based on the use of your bike, you can select from the following choices –

  • Sports Bikes
  • Cruiser
  • Dual Sport Bikes
  • Scooters

If you’re in the market for a new bike and maybe don’t know how to go about the process, consider asking someone who has prior experience for help. Sometimes the insight of a family member or close friend can go a long way to help you make the right call. The sheer number of choices that are available to a new buyer can be dizzying. So there is no shame in asking for help along the way. Remember the first step to picking the perfect bike for you is identifying what purpose you want it to serve.

Bajaj is the well-known two wheeler vehicle Manufacturers, offers best performance bikes with different variants. Here is the link to check – Bajaj Bikes Price List 2020

Everything You Need to Know About Zero Down Payment Two Wheeler Loan

Zero down payment loans are a revolution in the market. They help buyers acquire vehicles at minimum cost, making it easier and profitable for the companies as well. The various documentations required for being eligible for the loan are simple and easily available. Credit score is the primary criterion that needs to be met for availing the Two wheeler loan (Zero Down payment). You can easily check your credit score online and be informed about the same.

Your occupation and income will also play a vital role in passing the loan. You need to be up to date with every eligibility criteria and look through interest rates, tenure of the loan etc. Your residential proof is also a key factor for the two loan approval. Residential proof ensures that you’re an Indian citizen and are thus, eligible for the loan.

It’s necessary to carry out these documentations at the time of loan application and to get all of them attested by a government body. It’s not widely available however this scheme is highly beneficial in the long run. There are various other benefits of the scheme and are highly recommended for buying any vehicle. You can easily calculate bike loan EMI with Bike EMI Calculator.

Additionally Read:-

All You Need to Know About Zero Down Payment Two Wheeler Loan

5 Advantages of Availing A Bike Loan

India is home to maximum number of two-wheelers in the world. The roads, utility and the type of traffic make two wheelers perfect for daily commutations. Apart from it, there are many bike enthusiasts who love to stroll on the roads on muscular two-wheelers. Due to these reasons, the financial institutions offer attractive deals on bike loans.

There are several benefits of availing a bike loan in India. First among them are the interests rates, the interest rates on bike loans are comparatively lower than the other types of loans. In addition to it, they are quickly approved and a majority of the dealership agencies have the facility to get your two-wheeler financed if you desire so. Taking a bike loan is a good option if you want to reduce the burden on your budget or if you want to avoid a sudden investment of money. Also, the bike dealerships are ready to accept less down payments and rest you can pay back through the EMIs and you can calculate bike loan EMI with Bike Loan EMI Calculator. There are several other benefits too like insurance and accident covers which come with bike loan packages.

Documents Required to Get a Two Wheeler Loan

With people living busy lives nowadays it has become essential for them to save all the time they can for the mind and body to rest. Transportation happens to take a large part of one’s daily routine, and there is no guarantee of reaching from point A to point B on time. Plus, the stress of missing out on one form of public transport on-time guarantees to be late to your office or an important meeting. This is why the two-wheeler financing option by banks is pretty reasonable as well as feasible.

There are two types of people who are eligible for application and passing of a Two wheeler loan. They might be different documents that are required for loans from various banks, and financial institutions.

Documents required for Two wheeler loan –

Most commonly, be it for a salaried person or an individual, the documents are quite similar. Recognized identity proof like Aadhar Card or driver’s license, passport-size photographs, address proof, the recent income tax return of the applicant and the applicant’s last three months bank statements. They form the basis of the judgement of the applicant’s payback capacity. On these documents lies the fate of the applicant’s loan status.

Additionally read: –

Documents Required to Get a Two Wheeler Loan

What Are the Major Benefits of Two Wheeler Loan?

With the increasing number of potholes and roadblocks everywhere, it is easier to have two-wheeler to commute short distances. Getting the required loan to buy a two-wheeler is very convenient and hassle-free. In fact, two-wheeler loans have a lot of advantages. Starting from having a lesser financial burden over your head to a higher degree of affordability, two-wheeler loans have a number of perks.

The bank also gives you additional benefits like an increased credit score when you pay off the loan before time. In some cases, you can also extend the tenure of loan payment as per your convenience. Two wheeler loan have a high resale value. You can choose to buy a new vehicle after replacing your old one once you pay off the old loan.

Bajaj auto finance allows you to purchase several latest two-wheeler models on EMI. Some are:

  • Bajaj Dominar 400
  • Bajaj Pulsar 150 DTSI
  • KTM 125
  • KTM RC 390
  • Bajaj avenger street 220.

All these models have more exceptional mileage than even the basest of four-wheeler vehicles. This would free you off all the tension on this field. Bajaj Auto Finance hence allows you to invest in something useful and pay for it at your convenience.

Also Check: – Calculate Your Two Wheeler Loan EMI Online

Major Advantages of buying a Bike on EMI

These days (Loan) EMI system is the best and fastest process of purchasing a dream bike. Due to some reasons, many people can’t afford a bike on a single payment, Two Wheeler loan is the best option for those persons. There are many Banks and NBFS companies offer a loan with lower interest rates.

Advantages of buying a bike on EMI –

  • Reduce the Burden on Your Budget – It reduces the burden on your budget. It the best process to take a loan and you can pay the pending amount in easy instalments.
  • Offers & Flexibility – There are many benefits of availing a 2 wheeler loan like instant loan approval, fast processing, flexible EMI system and also have online documentation process. This saves your time and money.
  • Fast Process – These days loan approval is the fastest and simple process, no need to waste your time and money. You can check your eligibility criteria and document verification process online. Also, know about documents required for Bike Loan.
  • Low-Interest rates – Banks and NBFC firms provide Two wheeler loans on the lowest interest rates. Rate of interest based on your income, price of 2 wheeler and market variations.
  • Best for CIBIL Score – CIBIL Score or credit score details summary of your previous loan credits. It is the best option to improve your credit score. Many loans like home loans, car loans require a good CIBIL score.

Know Major Benefits of Buying Two Wheeler Vehicle

Easier to navigate – It is easy to navigate during traffic jams (congestion). It takes less space and reach your destination faster as compared to four vehicles.

Environmentally friendly  – It produces less pollution, less harmful impacts to the environment.

Lower maintenance – The service cost of a bike is very less as compared to cars. Also , It is an easy mode of transportation.

Affordable – These days purchasing a bike easy and affordable. The reason behind this the EMI system (Equated Monthly Installments), lower interest rates by various sources.

Best Loan policy- Best loan policies with lower Interest rates available for Two Wheeler Vehicles. You can take a Two Wheeler loan with Flexible timing and less documentation from various sources.

Savings-  In terms of Toll tax and good mileage which results in huge savings on fuel costs.

Ease of parking – Two Wheeler takes less space for parking. It is best for high-traffic areas. Many people prefer bikes in traffic areas.

Also, read :- Two-Wheeler Loan – Eligibility Criteria & Required Documents