Two Wheeler Loan

Owning a two-wheeler is a matter of convenience and traveling via public transport can be cumbersome at times. Purchasing your own two-wheeler would not only solve your commuting woes but also make your day-to-day journey faster and comfortable. At SMFG India Credit, we understand how much this matters to you and offer easy two-wheeler loans to help you realize your dream.

With SMFG India Credit’s two-wheeler loan, you can be the proud owner of your very own bike and travel comfortably to work every day.

Our quick digital application process is designed to make your experience as comfortable as possible. We offer bike loans with maximum loan to value at attractive interest rates and flexible repayment tenures up to 36 months to ensure that your monthly EMI payments are well within your budget.

Please check our free online Two Wheeler Loan EMI Calculator to get an accurate estimate of your monthly EMI payments.

Two Wheeler Loan Features & Benefits

Easy Processing

Loan documentation is hassle free and quick loan disbursal

Attractive Interest Rate

Loan amount up to Rs. 2,50,000 with flexible and attractive interest rates

Flexible Repayment

You can opt for an easy repayment schedule

For Working Professional

Two wheeler finance for salaried and self-employed individuals

Instant Digital Approval

Meet our sales representative today and get an instant approval for a two wheeler loan

Two Wheeler Loan Eligibility

The eligibility criteria to be able to apply for a bike loan is as follows:

• You should be at least 18 years of age while applying for a bike loan and not more than 60 years on the maturity of the loan.
• You must be an Indian resident residing at the same residential address for a minimum of 1 year.
• Salaried employees should have a minimum work experience of at least 1 year and should fulfill the conditions as per SMFG India Credit’s policy at the time of loan application.

Documents Required for Two Wheeler Loan

The basic documents required to verify your bike loan eligibility include:

• KYC documents that include - Proof of identity (such as Aadhar Card, Driver's License, PAN Card, etc.) and Proof of address (Electricity bill, Bank passbook, Aadhar Card, Driver's License, etc.), passport-sized photographs, and a copy of the filed-in application form.
• For Salaried profile customers – Salary Slip/Certificate on Letter Head, for at least three months or Salary Credits in bank statements
• For Self-Employed profile customers – Income Tax Return (ITR) duly filed and acknowledged for the past 1 year

Please note that additional documents may be requested depending on your profile and SMFG India Credit’s policy at the time of loan application.

Interest & Charges on Two Wheeler Loan

SMFG India Credit offers attractive interest rates starting at 22% per annum*. The final interest rate depends on several factors such as your age, monthly income, CIBIL score, your location, the type of vehicle, and so on. If you are an existing customer who fits our eligibility criteria, you may get preferential interest rates.

How to Apply for a Two Wheeler Loan?

You can take the following steps to apply for a two-wheeler loan:

1. Online Application: Log into our website and make a request for a bike loan by filling in the application form and submitting it online. You will receive a call from the relevant department to discuss the various possible options that you could opt for. Your application will be forwarded for processing based on your requirements.
2. Documentation: You are required to submit the basic minimum documents to help the lending institution verify your eligibility for the loan.
3. Verification: The documents submitted are verified as a part of the loan application process.
4. Approval: Post verification of the documents, if the loan is approved, the funds will be disbursed.