Live your dream by taking a Two-Wheeler loan online in just a few simple steps

Every person dream of something or the other but due to financial disturbance, it becomes difficult to own that luxury. This doesn’t mean that you are not entitled to live your dream. Many people desire a Two-Wheeler for themselves but can’t buy the same. This problem is having an easy solution i.e., a Two-Wheeler Loan. There are a few simple steps through which you can get a two-wheeler loan online approval and you can easily calculate the EMI’s through a Two-Wheeler loan calculator. There are various financial institutes, banks, NBFC’s, etc which can easily provide you with Two-Wheeler loans. You can get a 70-80% loan against the cost of the vehicle, the rest you need to give a Down payment.

Concept of Down Payment:

Down payment means a certain lump sum amount of money that you need to pay along with the loan amount to the dealer from whom you are buying the vehicle. This is generally 10-20% of the total sale consideration rest you can give by the loan amount.

Concept of Zero Down Payment:

These days there is a concept called Zero Down Payment, which means you get a 100% loan sanctioned of the said value of the vehicle. This becomes very beneficial for a person, as the liquidity doesn’t get disturbed and you get your dream vehicle in EMI’s.

Advantages of Zero Down Payment:

  • No worry about liquid cash.
  • Easy EMI options.
  • No risk of borrowing from anyone.
  • Lower interest rates.
  • Attractive schemes and offers.

Type of Two-Wheeler Loan:

There are different types of Two-Wheeler loans as per your income status which is as follows:

  • Low income-based loans:

In these types of loans, no need not have income proof for loan approval.

  • Income-based loans:

In these types of loans, you need to provide all types of income-based proof.

Some of the important factors to avail Two-Wheeler loans

There are many factors that affect the impacts on the availability of Two-Wheeler loans which are as follows: –

  • You need a decent cibil score.
  • Your previous repaying should be good.
  • You should have a minimum age of 21 years.
  • Your interest rates sometimes depend upon the cost of the vehicle and the loan amount you are availing.
  • The EMI’s is determined as per your loan tenure.
  • You must have KYC documents.
  • You should not be more than 65 years.

Documents required for Two -wheeler loans:

The documents parts are divided into three parts i.e., basic documents, documents required for a salaried person, documents required for a self-employed person.

Basic Document requirement:

  • You need to carry KYC Documents which can include an Aadhaar card, PAN card, Passport, utility bills etc.
  • You need to carry passport size photographs.
  • A proof of age you also need to carry.

Documents required for salaried person:

  • Latest bank statement for the past 6 months.
  • Salary slips for the last 3 months.
  • Latest form 16.
  • ITR return for past 2 years.

Documents for self-employed:

  • Income tax returns.
  • Businesses should earn more than 2.5L per year.
  • TDS Certificate
  • Company details.

Two-Wheeler loan Online approval:

  • Visit the website of the financer from where you need to take a loan.
  • Apply on the Two-Wheeler loan column.
  • Then fill in your basic details.
  • Provide the relevant documents.
  • After the verification of the documents, you will get loan approval.

Advantages of taking a Two-Wheeler loan:

  • You will live your dream.
  • You need not take out your savings to buy a vehicle.
  • Pay easy monthly EMI’s.
  • Easy process.
  • Easy verification steps.


It can be concluded that you can easily get a Two-wheeler loan online approval in just a few simple steps. This will help to get drive your dream vehicle. Two-Wheeler loans are one of the best and you can repay them in small EMI options. To calculate the EMI’s you can use the Two-Wheeler loan calculator.

Frequently Asked Questions:

Q1) Can a Two-Wheeler loan be applied online?

Ans 1) Yes you can apply for two-wheeler loans online.

Q2) What are the basic documents required?

Ans2) The basic Documents required are Aadhar card, Pan card, utility bills, and passport size photographs.

Q3) How much is the interest rate for two-wheeler loans?

Ans 3) You get an interest rate varying from 7% to 10% depending upon your credit score and repayment history.

Q4) What are the basic eligibility criteria?

Ans4) You need to be a minimum of 21 years of age and maximum 65 years.

You need to have a good cibil score.

Your repayment history should be excellent with the least settlements.

Q5) Can we get a loan under the scheme of Zero Down Payment?

Ans 5) Yes, you can easily get loan under the scheme of Zero Down Payment.

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