About 2 Wheeler Loan
2 wheeler Loans / Bike Loans enables a purchases to buy the vehicle without spending a lot of money upfront. The tenure may range anywhere from 2 to 7 years, depending on the loan amount and the repayment ability of the borrower. The financer usually secures the 2 wheeler loan by hypothecating the 2 Wheeler-Bike.
Eligibility for 2 Wheeler Loans
2 wheeler loans are offered at attractive interest rates to both salaried and self-employed individuals who meet age and income eligibility criteria as specified by the banks. 85-100% of the bike value is financed by the bank.
The loan amount and tenure depend on the repayment ability, disposable income and the credit history of the borrower.. Even people with no credit history or low income can also avail 2 wheeler loan However, this option differs from Bank to Bank.
Apply for 2 Wheeler Loans
To apply for a 2 wheeler loan, you can check your loan eligibility and loan amount online in a couple of minutes on Jeevan Utthaan and receive an instant in-principle approval.
Once your loan is approved, our executives will coordinate with you to complete your loan application form along with necessary documents like income proof, identity proof ect. a It may take 1-4 working days from loan application for the disbursal of the 2 wheeler loan.
How it Works