Two Wheeler Loan Guide — Interest Rates, EMI & Documents 2026
10 min read4 April 2026
Financial Disclaimer
Disclaimer: This information is for educational purposes only. Always consult a certified financial advisor before making any financial decision.
Ride Now, Pay in Easy EMIs
Two-wheeler loans cover 80-100% of the on-road price of motorcycles and scooters. With interest rates starting at 8%, you can own a new bike for as little as ₹2,000-₹3,000 per month EMI.
Best Two-Wheeler Loan Providers
| Lender | Interest Rate | Max Financing | Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | 8.50% - 14% | 100% on-road | 12-48 months | ₹1,000 - ₹2,000 |
| Bajaj Finance | 8.00% - 16% | 100% on-road | 12-60 months | Up to 2% |
| IDFC First | 9.00% - 15% | 95% on-road | 12-48 months | ₹999 |
| Hero FinCorp | 8.50% - 14% | 100% (Hero bikes) | 12-36 months | ₹500 - ₹1,500 |
Documents Required
Aadhaar card, PAN card, 3 months bank statement (salaried) or 6 months (self-employed), 2 passport photos, and income proof. Approval typically takes 24-48 hours for salaried applicants.