Which bank is best for a Two-Wheeler Loan?

Choosing the best bank depends on your financial profile, credit score, and bike preference. Axis Bank is well-known for offering transparent interest rates, competitive financing options, and a user-friendly application process.

Two-Wheeler Loan in Mumbai

Mumbai never sleeps, and a bike is the best way to zip through its busy streets. Whether for daily rides or weekend fun, a bike beats traffic any day. However, buying one isn’t always easy. That’s where Axis Bank Two Wheeler Loan in Mumbai helps. Buy your dream bike, new or used, without paying all at once. Simple and hassle-free, Bike Loans make riding easy.

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Interest Rates
Eligibility & Documentation
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Two Wheeler Loan EMI Calculator

From daily commute to weekend escapes, Axis Bank makes your Mumbai ride easy. Get quick Two-Wheeler and Super Bike Loans with seamless processing and flexible tenures and enjoy up to 100%* funding. Calculate your EMI and pick the loan option that works for you.

Loan Amount

₹

25K

1Cr

Interest Rate (p.a)

8% 28%

Tenure (Months)

12M60M

Your EMI* ₹ 1,14,678

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*Equated Monthly Installment'

Note: To see amortization schedule, please click here.

Total Amount Payable

₹1,37,621

Interest Rates

Know in detail about the rates and charges associated with Two wheeler loans.

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Eligibility Documentation

Eligibility criteria for Two-Wheeler Loans in Mumbai

Criteria	Salaried	Self-Employed
Age	21 to 58 years	21 to 65 years
Minimum income	₹1,44,000	₹2,50,000
Employment status	Minimum 1 years of experience	At least 1 year in the same business
Bank statement	Last 3 months’ bank statement	Last 3 months’ bank statement

Documents required for Two-Wheeler Loan in Mumbai

Application form : Fully completed with accurate personal and financial details
Proforma invoice : Detailing the bike model and its on‐road price, applicable to both new and pre-owned vehicles.
Passport photographs : Recent images of the applicant (and co-applicant if required).
KYC documents : Proof of identity (PAN card, Aadhaar card, passport) and proof of address (utility bills, voter ID, driving license, etc.).
Income proof : For salaried individuals, salary slips, Form 16, or income tax returns; for self‐employed applicants, the last three years' income tax returns and relevant business documents.
Bank statements : Typically, the last three months’ statements.

Fees & Charges

How to apply for a Two-Wheeler Loan in Mumbai offline?

To apply for a Two-Wheeler Loan or a Used Bike Loan in Mumbai, here are the steps:

01
Visit a branch: Head to your nearest Axis Bank branch in Mumbai.
02
Request the application form: Request for the Two-Wheeler Loan application form
03
Fill in the details: Write accurate personal, employment, and financial information on the form.
04
Attach the required documents: Include your KYC documents, income proofs, proforma invoice, and passport photos.
05
Discuss terms and conditions: Speak with a loan officer to clarify any queries regarding interest rates, tenure, or prepayment fees.
06
Submit the form: Hand over the completed form and documents to the bank representative.
07
Follow‐up: The bank will review your application. Upon approval, you will receive a sanction letter with final terms.

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Super Bike Loan

Ride the extraordinary with Superbike Loans tailored for your needs.

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Frequently Asked Questions

Selecting the “best” bank to get a second-hand Two-Wheeler Loan in Bangalore can depend on your unique financial situation, credit profile, and bike preferences. However, Axis Bank is known for offering transparent interest rates, up to 100% on‐road financing for eligible models, and a hassle‐free application process.

Yes, some lenders offer up to 100% financing on the on‐road price for eligible new bikes. However, for a Used Bike Loan in Mumbai, the financed amount may be determined by the bike’s current market value and condition.

Eligibility for EMI-based loans generally requires meeting the minimum age, income, and employment criteria. If your credit score is low, your income is insufficient, or your employment record is unstable, the bank may not approve your application.