🏍️Compare Two Wheeler Loans
Bike & scooter loans — quick approval in 5 minutes • Rates from 9.50% - 18%
Step 1: Employment Details
What is a Two Wheeler Loan?
A two-wheeler loan is a secured retail loan for purchasing motorcycles, scooters, and mopeds. The vehicle serves as collateral, and the bank holds the RC until full repayment. Most manufacturers offer tie-ups with banks for attractive financing.
A two-wheeler loan helps you buy a bike or scooter with EMIs as low as ₹1,500/month. Interest rates start from 9.50% p.a., with up to 100% on-road price financing available. Quick 5-minute approval for pre-approved customers.
Two Wheeler Loan Interest Rates 2026 — Bank-wise Comparison
Compare the latest two wheeler loan interest rates across India's top banks and NBFCs. Rates updated March 2026.
| Bank / NBFC | Interest Rate (p.a.) | Max Amount | Processing Fee | Tenure |
|---|---|---|---|---|
| HDFC Bank | 9.50% - 16.00% | ₹5 Lakh | ₹999-₹2,500 | Up to 4 years |
| ICICI Bank | 10.00% - 18.00% | ₹3 Lakh | ₹999-₹2,000 | Up to 3 years |
| Bajaj Finance | 9.99% - 17.00% | ₹4 Lakh | ₹999 | Up to 4 years |
| Hero FinCorp | 10.50% - 18.00% | ₹3 Lakh | ₹1,000 | Up to 3 years |
* Rates are indicative and subject to change. Actual rate depends on CIBIL score, income, and bank policies.
Two Wheeler Loan Eligibility Criteria
💼 For Salaried Individuals
- ✓Age: 21-60 years
- ✓Minimum income: ₹10,000/month
- ✓CIBIL score: 650+
- ✓Work experience: 6 months
🏢 For Self-Employed
- ✓Age: 21-60 years
- ✓Business vintage: 1+ year
- ✓Minimum income: ₹1.5 lakh/year
- ✓Bank statements: 6 months
Documents Required for Two Wheeler Loan
- 📄PAN Card & Aadhaar Card
- 📄Income proof (1-3 months salary slips)
- 📄Bank statement (3 months)
- 📄Address proof
- 📄Proforma invoice from dealer
Tips to Get the Best Two Wheeler Loan Deal
- Compare dealer financing vs bank financing — dealer tie-ups may offer zero processing fee
- Choose the shortest tenure possible — even a 1% lower rate saves ₹2,000-5,000 on a ₹1 lakh loan
- Check for manufacturer subvention schemes during festival seasons for 0% interest offers