Key features
What a two wheeler loan looks like
Funding
80–100% of on-road price, depending on the scheme
Tenure
12–60 months
Rate structure
Often quoted flat at dealerships — always convert to reducing
Approval
Same-day at most dealerships
Eligibility
- Aged 18–65 with a valid driving licence
- Net monthly income above ₹10,000
- KYC documents and address proof
- Credit history helps but is not always mandatory
Documents required
- PAN and Aadhaar
- Address proof
- Income proof or bank statements
- Driving licence
Frequently asked questions
Dealership schemes usually quote a flat rate, which is roughly 1.8 times the equivalent reducing rate. A "9% flat" loan is really about 16% on a reducing basis.
Do the maths first
Two Wheeler Loan calculators
Run the numbers before you speak to a lender — it is the difference between negotiating and accepting.
Two Wheeler Loan EMI CalculatorCalculate the monthly instalment on a bike or scooter loan, including high-rate dealership finance.
Flat vs Reducing Rate CalculatorEye openerA "9% flat" loan is really around 16% reducing. See the true rate behind any flat quote.
EMI CalculatorMost usedWork out the EMI on any loan in seconds, with a full year-by-year breakdown of how much goes to interest and how much reduces your balance.
Know your number before you apply
Check eligibility and EMI here first. A formal application leaves a hard enquiry on your credit file — these calculators do not.