Two Wheeler Loan in Noida

Noida, a modern city known for its wide roads and urban lifestyle, has a growing preference for two-wheelers. Whether you need a scooter under ₹ 1 Lakh for daily use or bikes under ₹ 1.5 Lakh or more for city rides, a loan can make ownership easier. L&T Finance offers a flexible Two Wheeler Loan in Noida with up to 100%* funding, low interest rates, and minimal paperwork. It's ideal for both salaried and self-employed residents looking to finance their next two-wheeler conveniently.

Features & Benefits of Two Wheeler Loan in Noida

Minimal paperwork
Apply for a Two Wheeler Loan digitally with minimum documentation.
Accessible service
Nationwide dealerships for personalised and convenient service
Loan tenure
Get a bike loan with a repayment tenure of up to 5 years
Maximum funding
Receive up to 100%* funding of the on-road price

EMI Calculator for Two Wheeler Loan in Noida

The Two Wheeler Loan EMI calculator is a simple online tool that helps you calculate your monthly payments. Just enter the loan amount, interest rate, and tenure to estimate your EMI. Use the Bike Loan EMI calculator Noida to plan your budget confidently before applying.

Current Two Wheeler Loan Interest Rates in Noida

The Two Wheeler Loan interest rate in Noida starts with EMI as low as ₹ 2199 per Lakh*, depending on:

Your CIBIL score and credit history
Loan amount and chosen tenure
Employment type and income level
Type of two-wheeler (electric, commuter, superbike)

Higher CIBIL scores often result in better loan terms and lower Bike Loan interest rate in Noida.

Eligibility Criteria for Two Wheeler Loan in Noida

Type	Criteria
Residency	Indian resident
Age requirement	21 Years to 65 years
Profession	Salaried or self-employed Individuals

Documents Required for a Two Wheeler Loan in Noida

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)

Two Wheeler Loan Fees & Charges in Noida

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
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