Your dream motorcycle can now be financed with two-wheeler loans. With a few clicks, you can get a two wheeler loan online and own a luxury motorcycle. Getting a loan this way is convenient as no faxing or paperwork is involved, and you will receive your money immediately. In less than 5 minutes, you can apply for a two-wheeler loan online and have the money credited to your account within 2-3 days. Taking a zero down payment bike loan against your two-wheeler allows you to add more value to your vehicle. Banks and NBFCs offer this loan scheme. In all cities of India, this loan is available.
Two-wheeler loans offer flexible terms and conditions, which is one of their main advantages. You will generally not have to pay any interest on your two wheeler loan for the first six months. If you need to borrow money for another purpose in the future, you can use this method to establish a good credit rating with your lender.
The process of getting a zero down payment bike loan from Bajaj Finance is very simple if you follow the instructions carefully. Moreover, you can visit Bajaj Mall for your purchase, where you can repay in easy EMI (Equal Monthly Instalments). Your first step should be to determine the amount of loan that you will apply for and then plan the rest of the process. If you want to apply for a bike loan from us, you will need to follow these steps:
- You can check your eligibility for a loan by:
The terms and conditions of the two wheeler loan should be reviewed once you have chosen your favorite bike model. Take your time to review the checklist of documents you must submit during the application process. Obtain hard copies or upload soft copies on the lender’s website.
| Age group | Self-employed | Salaried employee | Pensioners |
| Minimum age | 21 years
Co-applicant is required if you are between 18 to 21 years |
21 years
Co-applicant is required if you are between 18 to 21 years |
NA |
| Maximum age | 65 years for existing EMI Network Card holders
65 years for new applicants |
65 years for existing EMI Network Card holders
65 years for new applicants |
65 years for existing EMI Network Card holders
65 years for new applicants |
Calculator for EMIs:
Find the exact amount of EMI you will be required to pay as you repay your loan using the EMI calculator. In order for you to plan your monthly budget, you need an understanding of this. Online calculators such as this one are free, and you don’t have to log in to use them. To arrive at the lowest interest rate, adjust the two wheeler loan amount and loan tenure with the calculator. You should choose an amount of EMI you can afford to pay along with your other regular expenses.
The loan application process
It’s up to you if you opt to choose to apply online or offline, depending on your preference. The application form must contain accurate details and information you can prove with supporting documents. If the lender approves your zero down payment bike loan, you will be informed of the next steps, such as the disbursal date.
Documents
- KYC documents include passports, Aadhaar cards, and Pan cards.
- You can provide your utility bill, your Aadhaar card, your bank statement, or the statement from your Post Office savings account as proof of your address. The lender can accept computerized documents.
- Your lender would consider your address proof if it is in the name of your parents or spouse.
- Photographs for passports
- PAN card photocopy
- Bank statements and salary slips for specific months as required by the lender.
- Verified signature sample
- Certificate of registration for the bike
- Make sure you submit your income tax return for certain months if you are self-employed.
- According to the lender’s specifications, the income statement
- It would not be long before the repayment process began.
It’s impossible to believe the prices. It is, therefore, easy to spend savings or emergency funds on a bike. In order to determine which motorcycle one should purchase, one should apply for a zero down payment bike loan first. To apply for an online two wheeler loan, follow these simple steps:
- It is important to select a lender first. NBFCs and banks are both options.
- After choosing a bike, the next step is to purchase it.
- After that, you will need to use an EMI calculator. It is possible to select the right term and principal amount combination by using this free-to-use tool. Keeping in mind that large principals and long tenures are associated with high-interest rates is important.
- In the next step, you will need to fill out an online two wheeler loan application.
- Scanned copies of pertinent documents are then submitted online.
- Contact the lender’s representative for more information.
