Two Wheeler Loan
Get a hassle-free loan for your new bike or scooter with Tata Capital. Enjoy up to 100% funding of the bike’s on-road cost, along with a quick and seamless online approval experience. With interest rates starting from 12.5% p.a.*, buying your dream two-wheeler has never been easier.
✔ Get Loan up to 100% of Bike Cost
✔ Quick & Easy Online Approval
✔ ROI starting from 12.5% p.a.*
What is a Two Wheeler Loan?
Found your dream bike but it doesn't fit your budget? A Two Wheeler Loan is exactly what you need. It allows you to bring home your dream motorcycle or scooter and repay the amount in easy EMIs, based on your repayment capability. The tenure, interest rates, and other loan terms are decided as per your income and financial profile.
In today’s times, using public transport can be risky. Owning a two-wheeler gives you the freedom to travel safely, comfortably, and independently. With a two-wheeler loan, you can secure funding anywhere between 80% to 100% of the bike’s cost. Whether it's a commuter bike or a premium motorcycle, Tata Capital helps you finance a wide range of models with ease. What’s more? We ensure minimal paperwork and quick processing.
Disclaimer: Two Wheeler Loans are at the sole discretion of Tata Capital Limited (TCL).
| Loan Amount | ₹25,000 - ₹5,00,000 |
| Loan Tenure | 6 - 60 months |
| Interest Rate Starting @ | 12.5% p.a |
Features of Two Wheeler Finance
Every loan comes with its own set of features that make it attractive for consumers, and the same applies to two-wheeler loans as well. Tata Capital offers several key features that make its two-wheeler finance solutions highly competitive and customer-friendly. Let’s explore them in detail:
1. Easy Application Process
Minimal paperwork is required — simply fill out the application form and submit basic documents. With the entire process digitised, you don’t even need to visit a branch to apply.
2. Competitive Interest Rates
Lower interest rates make EMIs more affordable, even for longer tenures. Tata Capital offers some of the most competitive rates in the industry, helping you borrow comfortably even at higher amounts.
3. Flexible Repayment Options
Repayment flexibility is key, and Tata Capital offers multiple EMI payment options such as e-mandate, post-dated cheques, and online payments to make repayment seamless and convenient.
4. Fast Approval
With simple eligibility criteria and basic details, Tata Capital offers instant approvals within minutes. After document verification, the loan is usually disbursed on the same day.
5. Low Down Payment
When funds are tight, Tata Capital allows you to proceed with a low down payment. You can get up to 100% financing on the two-wheeler cost, up to a maximum of ₹2.85 lakhs.
Benefits of Getting a Two-Wheeler Loan
1. Finance up to 100% of the Cost
You can avail up to 100% of the two-wheeler cost (subject to terms & conditions), reducing the need for a heavy upfront payment.
2. Longer Loan Tenure
Choose a repayment tenure of up to 5 years, allowing you to repay the loan comfortably with affordable EMIs.
3. Quick and Easy Processing
Enjoy fast approvals and minimal documentation. Your two-wheeler loan is processed smoothly and disbursed quickly.
4. Personal Safety
Owning a two-wheeler helps you avoid crowded public transport, keeping you safe and reducing exposure to infections.
Two Wheeler Loan Eligibility Criteria
Salaried Individuals
- Age: You must be between 21 to 60 years old at loan maturity.
- Residential Stability: Minimum one year of residential stability.
- Employment Stability: Minimum one year of employment stability for a standard bike loan.
Self-Employed Individuals
- Age: You must be between 21 to 65 years old at loan maturity.
- Residential Stability: Minimum one year of residential stability.
- Employment Stability: Minimum one year of employment stability for a standard bike loan.
Documents Required for Bike Loan
For Individuals
You must submit the required documents to prove your 2-wheeler loan eligibility. Here is the bike loan documents list:
- ID Proof: Passport, Driving License, Aadhaar Card, Voter’s ID
- Address Proof: Aadhaar Card, Passport, Voter’s ID
For Standard Bikes
You must produce these documents to avail of a loan. Here is the bike loan documents list:
- ID Proof: Passport, Driving License, Aadhaar Card, Voter’s ID
- Address Proof: Aadhaar Card, Passport, Voter’s ID
Keep these loan-on-bike documents ready in advance for a hassle-free process.
Co-Applicant for Bike Loan
A co-applicant is required if the applicant's age is 18 to 20 years. A co-applicant can also be added for:
- Age-related eligibility
- Registration proof
- Residence/Office proof
- Ownership proof
- Income proof purposes
Why Choose Tata Capital's Two Wheeler Finance?
1. Minimum Paperwork
Say goodbye to lengthy loan paperwork. Only the application form is required. All other activities—document submission to loan disbursal—can be completed digitally.
2. Repayment Flexibility
Choose repayment options such as e-mandate, post-dated cheques, or online EMI payments for maximum convenience.
3. Competitive Interest Rates
Enjoy some of the best two-wheeler loan interest rates in the industry, customized to match your financial comfort.
4. Minimal Documents
Get instant two-wheeler finance with minimal documentation for a seamless experience.
5. Low Down Payment
Tata Capital can finance up to 100% of your bike’s value (subject to conditions), making ownership easier.
6. Attractive Interest Rates
Our competitive interest rates make EMIs more affordable—ideal if you want to upgrade to a better bike.
7. Easy-to-Avail Loan
Enjoy a super simple process—check your eligibility, submit your form, upload proofs, and get quick approval.
8. High Loan Amounts
Get loan amounts up to ₹5 lakhs so you can comfortably purchase the two-wheeler you truly want.
Two Wheeler Loan – Frequently Asked Questions
Clear, simple answers to help you understand Tata Capital’s Two Wheeler Loan process.
1. How to get a loan for a two wheeler?
Visit the nearest dealership, choose your bike, meet the Tata Capital representative, check eligibility, submit required documents, and upon verification, the loan is sanctioned and disbursed to the dealer.
2. What is the maximum amount for a two wheeler loan?
You can avail up to ₹5 lakhs. Eligibility-based loan amounts range from ₹25,000 to ₹2.85 lakhs.
3. What are the minimum and maximum tenures?
Loan tenure ranges from 6 months to 60 months depending on the vehicle model.
4. What is Flat Rate of Interest & IRR Rate of Interest?
A flat rate of 10.75% equals approx. 19.50% IRR. Flat rate is calculated on total loan amount; IRR is calculated on reducing balance.
5. When is the first EMI due?
If disbursed on/before 15th → EMI on 4th of next month. If disbursed after 15th → EMI on 4th of next-to-next month.
6. Do you need collateral?
No. The purchased bike itself acts as the security.
7. How does a credit report impact approval?
A good credit score increases approval chances and helps secure better interest rates.
8. How long does it take for approval?
Generally around 20 minutes once all documents are submitted.
9. What charges can be levied?
Processing Fee: Up to 4% + GST
Documentation Charges: Up to ₹1999 + GST
PDD Charges: ₹500 + GST
10. How & when will I receive the NOC?
NOC is dispatched within 5 working days after loan closure. CIBIL updates within 30 days.
11. What CIBIL score is good?
A score of 750+ is preferable for smooth approval.
12. Can a salaried person get a two-wheeler loan?
Yes. Requirements:
• 1 year residential stability
• 1 year employment stability
• Age 21–60 years
13. What is the benefit of the EMI Calculator?
It gives accurate EMI estimates instantly, helping you plan monthly budgets effectively.
14. What is the Bike Finance EMI Plan?
Standard EMI plan where EMI remains fixed every month.
15. How to reduce the interest rate?
Maintain a good credit score, pay higher down payment, choose shorter tenure, and maintain timely repayment history.
16. Can I get 100% funding?
Yes. Tata Capital offers 80%–100% funding based on eligibility (loans up to ₹5 lakhs).
17. Do I need a guarantor?
Applicants 21–65 years do not require a guarantor. Applicants aged 18–20 must have a co-applicant.
18. Can I prepay the loan?
Yes, you can prepay. Some lenders may apply a prepayment fee depending on loan terms.