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Own your daily ride with easy EMIs and up to 100%* funding on popular commuter bikes
Calculate your EMIs for better financial management
Preferred loan amount
Interest rate (per annum)
Loan tenure (months)
Estimated EMI
per monthInterest payable
₹52,41, 690Before you apply for a Commuter Bike Loan, it’s important to understand how much you will pay each month. The Commuter Bike Loan EMI Calculator helps you plan better. Simply enter your desired loan amount, interest rate, and tenure to get an estimate of your monthly instalment. This tool ensures that you choose the right EMI option based on your budget and repayment capacity.
| Type | Criteria |
|---|---|
| Residency | Indian resident |
| Age requirement | 21 Years to 65 years |
| Profession | Salaried or self-employed Individuals |
| Document Type | Required Document & Checks |
|---|---|
| Photo ID Proof | PAN and any one of the following- Aadhaar Card | Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address |
| Address Proof | Utility bills (not older than 2 months | Aadhaar Card | Driving License | Passport | Voter ID etc |
| Income Proof | Bank statement (Optional. Based on loan requirement) |
List of all fees and charges for Two Wheeler Loan
| Type | Interest Rate and Charges |
|---|---|
| Processing Fees | Up to 2% of the loan amount + applicable taxes |
| Documentation and repayment setup fee ₹ 1,750/- + applicable taxes | ₹ 1,750/- + applicable taxes |
| Facilitation Fee | Up to 2% of loan amount + applicable taxes |
| Penal Charge/Late Payment Charges (LPC): | 2% per month on overdue EMI |
| *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023 | |
| *Taxes applicable on LPC w.e.f. 1st Apr 2024 | |
| EMI Dishonour/Bounce Charge* | As shown in the table below |
| *A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate | |
| Loan sanction amount (in INR) | Charges in (in INR) |
| < ₹ 5 Lakh | ₹ 500 |
| ₹ 5 Lakh - ₹ 50 Lakh | ₹ 1000 |
| > ₹ 50 Lakh – ₹ 2 Crore | ₹ 1500 |
| > ₹ 2 Crore | ₹ 2000 |
| Foreclosure Charges | 5% of principal outstanding + applicable taxes |
| Repayment instrument swap charge (per swap) | Rs. 500/- + applicable taxes (applicable only for branch walk-ins) |
| Charges for documents like Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit | Nil |
| Statement or document retrieval charges | Duplicate NOC: ₹ 500/- + applicable taxes (Charge is applicable post 3 free copies) |
| Loan Cancellation fee | Rs. 2000/- + applicable taxes |
| Legal fees and charges | Up to ₹ 30,000/- + applicable taxes |
| Recovery charges | Up to ₹ 15,000/- + applicable taxes |
| Auction fees | Up to 1% of auction sale amount + applicable taxes |
| RC non-submission charge | ₹ 1,000/- per month post 120 days + applicable taxes |
| Field collection service charge | ₹ 500/- per collection + applicable taxes |
Here are some top models you can consider financing with a Two Wheeler Loan in Noida or other cities:
| Model | Brand | Key Benefit |
|---|---|---|
| Splendor Plus | Hero | Excellent mileage and low maintenance |
| Passion Pro | Hero | Stylish design and high fuel efficiency |
| Shine 125 | Honda | Smooth engine and reliable performance |
| CT 110X | Bajaj | Strong build, ideal for daily city use |
| TVS Radeon | TVS | Comfortable seat and good ground clearance |
| HF Deluxe | Hero | Budget-friendly with good performance |
Apply for Two Wheeler Loan with these steps
1. Apply online in just few minutes
Click on the "Apply Now" button within the Two Wheeler Loan section and fill out the form with your personal details and loan requirements
2. Get assistance from our representative
Our loan representative will contact you, and share all the available loan offers with dealership details, nearest to your location
3. Eligibility and document verification
Visit the dealership, where our representative will check your eligibility and documents to proceed with your loan
4. Drive your Two-Wheeler home
After approval, your loan amount will be directly disbursed to the dealership for a seamless purchase process
Any Indian resident aged between 21 and 65 years with a stable income, whether salaried or self-employed, is eligible to apply for a commuter Bike Loan.
You can get up to ₹ 20 Lakh* as a loan for a commuter bike, subject to your eligibility, income profile, and the bike’s on-road price.
Yes, based on your creditworthiness, you may qualify for up to 100%* financing, which allows you to buy a bike with zero down payment.
A good CIBIL score is preferred to get better interest rates and faster approval. However, new to credit customers who do not have a CIBIL score are also eligible.
Popular brands like Hero, Honda, TVS, and Bajaj offer commuter bikes eligible for financing, including models like Splendor Plus and Shine 125.
The interest rate for a commuter Bike Loan starts with EMI as low as ₹ 2199 per Lakh*, depending on your credit score and loan amount.
Yes, you can prepay or foreclose the loan anytime by paying a foreclosure charge of 5% on the principal outstanding, along with applicable taxes.
A commuter Bike Loan is a type of Two Wheeler Loan designed to help you finance affordable bikes used for daily travel, with flexible EMIs and simple documentation.
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