Bajaj Finance Two-Wheeler Loan
A two-wheeler loan is a secured credit facility used to finance the purchase of a motorcycle or scooter, where the vehicle itself typically serves as collateral until the borrower repays the amount. It is generally taken by buyers who prefer to spread the cost of a new bike or scooter over a fixed repayment schedule rather than paying the full price upfront, and repayment is made through equated monthly instalments over an agreed tenure.
Bajaj Finance, a non-banking financial company founded in 1987 and headquartered in Pune, offers a two-wheeler loan aimed at both new and existing customers looking to buy a motorcycle or scooter. Its version emphasises financing that can cover the on-road price of the chosen vehicle rather than only the ex-showroom cost, so buyers may borrow towards registration, insurance and related on-road components.
The lender presents an online application process where an applicant fills in basic details such as name and PAN, and states that a branch visit is not required. Bajaj Finance also notes that a guarantor is not needed when the applicant meets its eligibility criteria, and that a co-applicant may be added where an applicant does not meet those criteria on their own. Approval and disbursal remain subject to the lender's credit assessment, verification and applicable policy, and are decided on a case-by-case basis rather than promised in advance.
Documents required
- Identity proof (KYC)
- Address proof
- PAN card
- Recent bank statement
- Salary slips for salaried applicants; ITR as per policy norms for non-salaried applicants
- Vehicle details of the two-wheeler being purchased
As published by Bajaj Finance. Your branch may ask for more.
No verified interest rate is available for the Bajaj Finance two-wheeler loan.
Eligibility
Loan terms
- Financing that can extend to the on-road price of the two-wheeler, covering more than the ex-showroom cost
- Fully online application where the applicant submits basic details such as name and PAN without a mandatory branch visit
- No guarantor required when the applicant meets the stated eligibility criteria
- Option to add a co-applicant where the applicant does not individually meet the eligibility criteria
- Pre-approved offers may be available to eligible customers, which can shorten the application journey
Fees & charges
FAQ
Manufacturer-captive schemes (e.g. subvented festive offers) can carry very low headline rates, but check the processing fee and any bundled add-ons — the effective cost is what matters. Compare against a bank two-wheeler loan.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.