Get your dream bike or car with our vehicle loans
- Two Wheeler Loan online of up to ₹ 28 lakh*
- Lowest interest rates starting range from @ 11.25%*
- Flexible tenure up to 60 months
- Zero foreclosure charges
- Quick Approval with zero hidden charges
- Collateral free and clear transparency
- No guarantor or security required
- Easy EMI repayment options
Two Wheeler Loan Eligibility Criteria
Anyone can apply for a two wheeler loan, you need to meet the below criteria:-
- Nationality: Resident Indian
- Age: 21 to 60 years
- Employement:
For salaried: Minimum 2 years of experience and Must earn minimum Rs 2 lakh per annum.
For self-employed: Minimum 4 years of business continuity and Must earn minimum Rs 1.75 lakh per annum
- Cibil Score: 750 or above
Document required for two wheeler loan
- KYC documents: Any one of the following documents can be submitted
- PAN Card
- Aadhaar card
- Passport
- Driving license
- Election / Voters identification card, NREGA Job card signed by the officer of the State Government
- One Passport Size Photograph
- PAN Card - For Company/Firm/Individua
- Latest Salary Slip of 2 months
- Bank statement of the previous 3 months
- Registration Certificate and Insurance copy of the vehicle
Use a Bike EMI Calculator to get your two wheeler loan monthly EMI.
FAQs About Two Wheeler Loan
Who can Apply for Two Wheeler Loan?
Anyone over 21 years of age, salaried or self-employed individual can apply for Two-wheeler Loan.
What is the EMI on a Two Wheeler Loan?
The Two-wheeler Loan EMI depends on Loan Amount, Tenure and Interest Rate. Use our EMI calculator to get your monthly payments accurately.
What's the minimum credit score for a two wheeler Loan?
750 or above, which is generally considered excellent.
Do I need a guarantor to avail of a two wheeler loan?
No, you do not need a guarantor for a two wheeler loan. However, if you don't meet the Bank's norms, then you may be require a guarantor or co-applicant as a security for your loan.
How can I get a two wheeler loan?
You can get a two wheeler loan from Web Online CA website. Fill out our online Loan application form with your basic details and submit your application. Once done, you will receive a call from our team and guide you on the next steps. The loan amount will be disbursed in your bank account after document verification.
What is the interest rate for two wheeler loan?
Two Wheeler Loan Interest rates depend on the loan amount and the loan tenure, starting ranges from 11.25% to 26% p.a.
How long will the process for loan approval be?
Loan approval would take 4 to 5 working days after submission of the application form and required documents.
Can I foreclosure my loan?
Yes, you can foreclosure your loan post completion of 12 months and enjoys nil foreclosure charges.
What is the maximum loan tenure?
We offer Customized EMI repayment options with a 12 months to 60 months.