Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Calculate Two Wheeler Loan EMI

12 Months36 Months

Calculated EMI*   3,563  Apply Now

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.

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

Two Wheeler Loan

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 65 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:

  • Salaried Employees are required to submit the latest 3 months Salary Slip / Salary Certificate and Form 16.
  • Self-Employed persons are required to submit a copy of their Income Tax Returns.
  • 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.

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 16% 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.

Bike Loan Interest Rate

16% - 30% per annum*

Processing Fee

Up to 5% of the loan amount

Loan Tenure

12 - 36 months

Prepayment/Foreclosure Charges

3% of the Principal Loan Amount Outstanding or such other amount as may be specified by SMFG India Credit from time to time. Plus applicable taxes and/or other statutory levies

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.

Advantages of Taking a Two-Wheeler Loan

A two-wheeler loan can get you the vehicle you need without having to dip into your savings. Other benefits of taking out a two-wheeler loan include:

  • The online loan application process is simple, straightforward, and requires minimal documentation.
  • Eligible borrowers can get interest rates as low as 16% per annum*, which can reduce the overall cost of the loan.
  • You can get a flexible repayment tenure of up to 36 months. Please note that while a longer repayment period can reduce your monthly payments, it may lead to higher interest costs. Choose the option that best suits your needs.
  • Keeping up with timely repayments on the two-wheeler loan can help you build a good credit history.

Tips for a Successful Two-Wheeler Loan Application

Here are some tips that can not only ensure a smooth application process but also increase your chances of loan approval:

  • Assess your vehicle needs to determine exactly how much money you need to borrow. It is essential never to borrow for more than you need to avoid an increased repayment burden.
  • Before applying for the two-wheeler loan, check the eligibility criteria to make sure you meet all the requirements.
  • Keep all the required documents ready and make sure they are free of errors to save time and effort.
  • Make sure you have a good CIBIL score before applying for the two-wheeler loan. Repaying credit card dues or loans on time, maintaining a credit utilisation ratio of below 30%, and avoiding multiple loan applications within a short time are some ways you can maintain a stronger CIBIL score.

You can also get in touch with us via email, contact us on our toll-free number, or walk into the nearest SMFG India Credit branch to apply for a bike loan.

Page also available inहिन्दी - Hindi

Apply for Two Wheeler Loan

in minutes!

Apply now

How To Apply


Fill up your
form online


Check your eligibility
in a minute


Upload documents
for Verification


Post verification, loan will be approved and disbursed in your account


* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.


How can I get a two wheeler loan?

SMFG India Credit turns your dream of owning a two-wheeler into reality in a few simple steps, thanks to our minimal documentation policy, attractive two-wheeler loan interest rates, and hassle-free experience.

We will review the application form and all submitted documents as the loan processing starts. Remember to have photocopies and the originals handy for collection as they might be needed.

Depending on the outcome of the document verification process, we will decide how best to move forward with your two wheeler loan application.

What is a two wheeler loan repayment process?

You can repay your SMFG India Credit two wheeler loan within 12 to 36 months conveniently via EMIs. The EMI will comprise of payment towards interest and principal, as well as any additional components such as insurance, etc. depending on the terms of your loan agreement. The EMI must be repaid on time as per the agreed upon schedule to avoid penalty charges.

You can repay your two wheeler loan in the following methods:

  1. Auto Debit / ECS facility
  2. Cheque deposit at branches
  3. Online payment via SMFG India Credit website (customer logged in section)
  4. Through the SMFG India Credit m-Connect App
  5. Pay EMI online via non-logged in section of the website

What are the charges for a two wheeler loan?

A two wheeler loan can be availed on a low down payment with SMFG India Credit on select bikes for eligible applicants depending on our policy at the time of loan application. The interest rate offered can vary between 16% to 30% per annum depending on factors like the eligibility of the applicant, tenure of the loan, city of residence, type of two wheeler being purchased and prior relationship with SMFG India Credit.

What are the requirements for a bike loan?

  • Two Photographs of Borrower
  • KYC document for Address Proof of Applicant & Co-applicant ( Voter ID, UID, Passport & Driving License) 
  • For ownership proof document (wherever applicable):
    • Any one of the below mentioned documents (in the name of self / spouse / parents / ancestors) :
    • Utility bills (Electricity or water only) not more than 2 months old
    • Property or municipal tax receipt (latest)
    • Registered Sale deed
  • For income proof ( wherever applicable) ; 
  • 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

Knowledge Center

Here are some articles which could help you understand us and our products better.

Have a Query? Read FAQs
Common Tax Mistakes That Can Delay Your Tax Refund in 2024
Other Loans

Common Tax Mistakes That Can Delay Your Tax Refund in 2024

It can take as few as 7 days to get your income tax refunds, the one thing to look forward to in…

Amazing Things To Do At Lakshadweep For A Perfect Trip
Other Loans

Amazing Things To Do At Lakshadweep For A Perfect Trip

Are you trying to find your next travel destination? What can be better than cool, white sand…

How to Apply for a Two Wheeler Driving License in Delhi?
Other Loans

How to Apply for a Two Wheeler Driving License in Delhi?

Your first bike or scooter is the one with the most precious memories. While the joy of buying…


How can we help?


Get in Touch

Have a query? You can contact us through any of the channels listed below.

Toll Free Number
1800 103 6001 Timings: 9:00 AM to 7:00 PM (Monday to Saturday excluding public holidays & fourth Saturday of every month).