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Calculate a Bike EMI

Two Wheeler Loan

Unsecured personal loans can be availed to buy a new motorcycle or scooter. This type of personal loan is known as a two-wheeler loan. Be it upgrading to a new motorcycle or buying a second-hand scooter, borrowers can approach Finnable and avail a two-wheeler loan online, quickly and easily. Travelling for a short distance or a longer commute, travelling by public transport may not always be a feasible option. So instead of fretting about the travel options, owning a two-wheeler can be the optimum solution.

At Finnable, we understand this, which is why we offer loans for two-wheelers. Interested borrowers can apply for instant bike loan and get the funds within 24 hours of loan approval and verification of documents.

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Today, having your own two-wheeled vehicle makes it much easier to move quickly amid busy streets. With all the additional time you will have, you can accomplish more work, travel farther, and be more productive. A two-wheeler loan is a form of financial aid regardless of how you intend to use the scooter or a bike that you will purchase. You can buy a two-wheeler of your choice at low-interest rates with EMIs (Equated Monthly Installments) that is to be paid monthly. The loan can be repaid at affordable rates. If you choose Finnable for this loan, then the tenure for the loan will be from 6 to 60 months. A two wheeler loan from Finnable enables you to realize your desire of buying a second-hand scooter or a brand-new motorcycle at strikingly-low interest rates. With features like a 100% digital application process, hassle-free experience, and loan amounts of up to Rs 10 lakh, getting the two-wheeler of your dreams is that easy!

    Two Wheeler Loan EMI Calculator

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    • Total Interest Payable

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    A two wheeler loan EMI calculator is an online instrument that controls the precise EMI amount due on your loan. This EMI calculator can be used to determine the amount of the monthly installment for loans with different loan amounts, terms, and interest rates. While applying for an instant loan, a two wheeler loan EMI calculator is essential. When the loan balance has been deposited into your account, it gives you a good idea of the EMI amount you will have to pay. With the help of this calculator, you will have an idea of your EMI amount. So, it can assist in creating a monthly budget and being aware of your expected cash flow.

    The principal loan amounts, the rate of interest, and the length of the loan payback period are used by the two wheeler loan EMI calculator to calculate the EMI amount. You, the user/borrower, must enter these values in the calculator’s designated fields or tabs before pressing the eligibility criteria option. The calculator produces the results right away after you enter the numbers.

    Additionally, you can change the values until you find an EMI amount that meets your monthly spending plan.

    The procedure for calculating the Two Wheeler Loan EMI is outlined below:

    In the “Loan Amount” field of the EMI calculator, enter the value of the two wheeler or the required loan amount. Before entering the amount figure, don’t forget to subtract the amount of the down payment you are planning to make. The most you may enter is Rs 10 lakhs.

    Fill out the “Interest Rate” field with an interest rate of your choice. Do try out different interest rates for the same loan amount to find your best option.
    Lastly, you have to enter the preferred loan repayment period in the “Tenure (Months)” section. Make sure the repayment period you select is between 6 and 60 months.
     
    The two wheeler loan EMI amount will be calculated promptly by the EMI calculator. Input values can be modified to meet the respective needs with Finnable.
     

    Two Wheeler Loan Eligibility Criteria

    To satisfy the two wheeler loan eligibility requirements, every borrower is expected to:
    • Work for an LLP, a public or private limited company.
    • Have in hand monthly salary greater than Rs. 12,000.
      Worked for the same company for longer than three months and have a total of more than six months of experience.
    • Having their pay deposited into a bank account by their employers.

    Two Wheeler Loan Interest Rates

    The two wheeler loan interest rate ranges from 16% to 28%. It is mainly decided on the basis of the income of the customer, their occupation, and their credit history. With the help of a two wheeler loan interest rate calculator, you can determine the best interest rate.

    Choose accordingly to ensure you can make the EMI payments timely. Finnable is proud to announce that we are the first in this industry to offer our borrowers rewards for on-time payments.

    Documents Required for Two Wheeler Loan

    Borrowers must provide the following documents in order to apply for two wheeler loan online:

    • PAN card as identity proof because it proves to the lender that a person is whom he or she claims to be.
    • One must produce their Aadhar card as residency documentation since Finnable only provides loans to Indian citizens.
    • The salary slip for one month serves as proof of legal employment with a private or public sector organization.
    • The salary account’s bank statement is also required. Borrowers must be capable of accessing the account using net banking if it is not available when they applied. This document demonstrates that the company you have worked for the past three months has paid you.

    However, when completing the online form, make sure to include all the information and attach all the necessary files. Finnable will verify these documents, and after the verification process is complete, the funds will then be released. Once the loan application and verification process are done, get the loan amount transferred to your bank account as early as 2 hours.

    How to Apply for Two Wheeler Loan Online?

    You can apply for a two wheeler loan online with us. It is a quick and easy process.

    • You can either use the official website or the personal loan app from Finnable to get started .
    • To receive credit, you must register with Finnable. You will be asked to provide some basic information and permissions after downloading the application. Then, after entering the required information and registering, establish a profile.
    • Then all one has to do is select a type of loan and the amount of loan required and then fill up the application with the respective documents. The app/website will then display the loan eligibility, including the eligible rate of interest and duration, based on the fundamental information you supply.
    • Forward the application form after uploading the required documents to us and you are done. Your account will be promptly credited with the money for the 2-wheeler loan after verification.

    Two Wheeler Loan features

    Finnable team
    4625 people have applied for loan in the last 24 hour
    5/5
    5000 people have rated this loan as the best product
    Instant Personal Loan

    Get Rewards

    Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

    Personal Loan Assistant

    Get loans quickly

    Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

    High Loan Amount

    High Loan Amount

    Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.

    Get rewards

    Personal loan Assistant

    Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.

    Get rewards

    Get Rewards

    Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

    Instant Personal Loan

    Get loans quickly

    Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

    High Loan Amount

    High Loan Amount

    Apply for personal loan with minimum documentation and get high loan amounts of up to Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.

    Personal Loan Assistant

    Personal loan Assistant

    Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.
    Finnable team
    4625 people have applied for loan in the last 24 hour
    5/5
    Over 5000 customers have rated us 5 stars in Play store

    Personal loans can be used for multiple purposes- to fulfil your desires or meet urgent financial needs. This is why we bring you a range of products to suit your needs and desires.

    Learn with Finnable

    Two Wheeler Loan FAQs

    Finnable offers two-wheeler loan finances at an attractive interest rate. The entire process of availing an instant loan online from Finnable is quick and easy. You need not visit any branch or office either. Borrowers can apply and receive a two-wheeler loan online.

    At the time of application of the loan for a two-wheeler, the borrower must: 

    • Be employed in an LLP,  private or public limited organization

    • Have more than 6 months of total work experience and should be employed in the current organisation for more than 3 months
    • Have a total monthly salary of more than Rs 25,000
    • Have their salary credited to a bank account

    To apply for bike loan online, borrowers will need to furnish a few documents:

    1. PAN card as proof of identity 
    2. Aadhar card as proof of residence
    3. Salary slip for 1 months 
    4. Bank statement of the salary account. If unavailable at the time of application, borrowers should be able to access the account through net banking.

    To calculate the EMI for a bike loan, the borrower will need to determine the amount required and the loan term. The bike loan interest rate will be fixed by the lender. Based on this, the EMI will be calculated.

    Before availing a two-wheeler finance, the borrower should use the bike loan EMI calculator

    The EMI calculation for a two-wheeler loan is simple. The borrower will need to know the principal loan amount, the tenure of the loan, and the two-wheeler loan interest rate. Based on this, they can find out the EMI amount to be paid.

    The process to apply for a two-wheeler loan online is simple and easy. All you need to do is follow these 4 simple steps:

    • Log on to our website or download Finnable’s personal loan app
    • Register and create your profile by filling in your personal and professional details. 
    • Choose the type of loan and the loan amount you require.
    • Upload the documents and submit your application.

    The funds for the 2-wheeler loan will be credited directly to your account.

    The loan term for bike loans from Finnable ranges between 6 to 60 months.

    Borrowers can avail a Bike or Scooty loan of up to Rs 10 lakhs.

    An employed person with at least 6 months of working experience and working for a private/public company or LLP for 3 months can apply for this loan. The borrower’s salary needs to be more than Rs 12,000 which is credited to the borrower’s bank account every month.

    With the approval of the borrower’s application through a secure connection, the app/website transfers the shared data to the lenders. Thus, it is a trustworthy and safe app to use to apply for and receive an immediate two wheeler loan. Finnable is registered under RBI and have received an NBFC license.

    The main factors that affect a two wheeler loan are as follows:
    Income: In order to be considered for a two wheeler loan, most lenders have a minimum income requirement. The applicant's likelihood of not repaying the loan decreases as their income increases. Users can receive a cheaper interest rate if their income is higher.
    Type of Employment: Depending on whether the applicant is self-employed or employed by a company, financial institutions provide varying two wheeler loan interest rates. The loans will be made available to salaried applicants at a cheaper interest rate than those who are self-employed.
    Credit History: The applicant's credit score is one of the key variables that affect the interest rate on a two wheeler loan. A lower rate of interest might be available to you if your credit is good, and a higher interest rate would be applied if your credit is bad. You can check out your current credit score on Finnable.

    Unsecured loans typically carry a significant level of risk for the lender. Proper documents demonstrate to the lender that you will be a dependable borrower with the resources to pay back the loan fast within the length of the loan term. Thus, the documents that are required to apply for the loan are PAN and Aadhar Cards, a bank statement of the salary account, and 1 month’s salary slip when you choose Finnable.

    Finnable provides a loan of up to rupees 10 lakhs on a two wheeler loan. With only a few clicks and a simple online application process, anybody can rapidly apply for two wheeler loan and have the funds sent into their account in as little as two hours after verification.

    The ideal option to finance your upcoming two-wheeler without using up your funds is with a two wheeler loan. The key features of a two wheeler loan with Finnable are as followed

    • Eligible for getting the rewards
    • Get the loan instantly
    • High loan amount of up to rupees 10 lakhs
    • Minimum documentation required
    • Hassle-free online experience

    So, what are you waiting for? Get a two wheeler loan online for your first-hand/second-hand two wheeler of choice today with Finnable!

    So, what are you waiting for? Get a two wheeler loan online for your first-hand/second-hand two wheeler of choice today with Finnable!