Welcome to TheLoanKart.com!

What is a Two Wheeler Loan?
A two wheeler loan is a type of financing specifically designed to help individuals purchase motorcycles, scooters, or bikes. It provides borrowers with the necessary funds to buy their preferred two wheeler and repay the loan amount over a specified period, usually through monthly installments. Two wheeler loans are offered by banks, financial institutions, and non-banking financial companies (NBFCs) and are secured by the vehicle itself.

Benefits of Taking a Two Wheeler Loan:

Affordable Ownership: With a two wheeler loan, you can affordably own the motorcycle, scooter, or bike of your choice without having to pay the entire amount upfront.

Quick and Easy Financing: Quick and Easy Financing: Our two wheeler loan process is quick and hassle-free, allowing you to get approval and access to funds promptly, so you can ride your new vehicle sooner.

Flexible Repayment Options: Enjoy flexible repayment terms tailored to your financial situation, including options for monthly, quarterly, or annual payments.

Competitive Interest Rates: Benefit from competitive interest rates on your two wheeler loan, helping you save money over the loan term.

Minimal Documentation: We require minimal documentation for our two wheeler loans, making the application process convenient and straightforward.

TheLoanCart.com!

Current Interest Rate on Two Wheeler Loans

Name of Lender Two Wheeler Loan Interest Rates Processing Fees
Bank of Baroda Two Wheeler Loan 9.40% p.a. onwards Rs.1,500
Canara Bank Two Wheeler Loan 9.15% p.a. onwards 0.25% of the loan amount, subject to a minimum of Rs.1,000
and a maximum of Rs.5,000
Axis Bank Two Wheeler Loan 8.55% p.a. onwards Minimum of Rs.3,500 and maximum of Rs.7,000
Federal Bank Two Wheeler Loan 11.00% p.a. onwards As per bank guidelines
SBI Two Wheeler Loan 8.60% p.a. onwards New Car: Nil

Documents Required for a Two Wheeler Loan:

Identification Proof (Passport, Driver's License, Aadhaar Card)
Address Proof (Utility Bills, Rental Agreement)
Income Proof (Salary Slips, Income Tax Returns)
Vehicle Documents (Quotation or Invoice, Registration Certificate)
Bank Statements
Passport Size Photographs
Enquire Now!

Features of a Two Wheeler Loan:

Loan Amount: Flexible loan amounts based on the cost of the two wheeler and the borrower's repayment capacity.
Loan Tenure: Adjustable loan tenure ranging from one to five years, allowing borrowers to choose a repayment period that suits their budget.
Quick Disbursement: Expedited loan disbursement process, with funds typically disbursed within a few days of loan approval.
Part Payment and Foreclosure: Options for part payment or foreclosure of the loan to reduce the outstanding balance and save on interest costs.
Online Account Management: Convenient online account management facilities for borrowers to track their loan status, repayment schedule, and outstanding balance.
Enquire Now!

Interest Rate of a Two Wheeler Loan:

The interest rate for a two wheeler loan may vary depending on factors such as the borrower's creditworthiness, loan amount, tenure, and the lender's policies. Typically, interest rates for two wheeler loans range from 9% to 15% per annum.

Important questions

Frequently Asked Questions

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed quis accumsan nisi Ut ut felis congue nisl hendrerit commodo.

Who can apply for a two wheeler loan?

Anyone meeting the eligibility criteria, including age, income, and creditworthiness, can apply for a two wheeler loan.

What types of vehicles can be financed with a two wheeler loan?

Two wheeler loans can be used to finance motorcycles, scooters, bikes, and other similar vehicles.

What documents are required to apply for a two wheeler loan?

Required documents include identification proof, address proof, income proof, vehicle documents, and bank statements.

How long does it take to get approval for a two wheeler loan?

The approval process for a two wheeler loan is usually quick, with approval and disbursement of funds within a few days of completing the documentation.

What happens if I default on my two wheeler loan?

Defaulting on a two wheeler loan can have serious consequences, including damage to your credit score, repossession of the vehicle, and legal action by the lender.

Can I prepay my two wheeler loan?

Yes, most lenders allow borrowers to prepay or foreclose their two wheeler loan, either partially or fully, after a certain period, subject to applicable charges.

Can I apply for a two wheeler loan online?

Yes, most lenders allow borrowers to prepay or foreclose their two wheeler loan, either partially or fully, after a certain period, subject to applicable charges.

What Clients Say

Loved By Our Clients

I took out a pеrsonal loan from Loankart bеcausе I nееdеd monеy for pеrsonal rеasons, and it was convеniеnt that thе loan was approvеd quickly.

Chetan Narkhede


I havе frеquеntly takеn out pеrsonal loans from loankart. Loankart offеrs a highеr intеrеst ratе, which is why I chosе it. Thеy arе procеssing approvals quickly. Thеy do offеr a prе-closurе and half paymеnt option without charging morе, howеvеr thеy will bе providing thе buyеr with insurancе knowing this.

Vidhan

I'vе submittеd an onlinе application for a Loankart Education Loan. Both thе procеssing fее and thе intеrеst ratе arе еxtrеmеly еxorbitant. Thе loan was approvеd on schеdulе, and thе prеmium was paid onlinе. This loan was takеn out for еducational purposеs, and thеrе wеrе no additional fееs for latе paymеnts.

Ajay Mathur

I obtainеd a pеrsonal loan dirеctly from Loann Kart.Givеn thе rеquirеmеnts at thе timе, thе intеrеst ratе was fine.Thе loan amount was approvеd promptly and was rеcеivеd in a singlе day.I closеd thе loan succеssfully and without any issuеs.

Vivek Sahani