Minimum Credit Score Required for a Two-Wheeler Loan in India

The buzz of city life seldom ends. Every morning, millions of Indians pile into crowded buses and argue down rickshaw fares, while dreaming of that sense of freedom — a new scooter or motorcycle that promises independence and fluidity. Think of hands wrapped around new handlebars at the showroom, brain abuzz with anticipation. But, there is one question that will give you pause: Do I have a high enough Credit score to unlock a two-wheeler loan?

Why Your Credit Score Matters So Much

Before you walk into a dealership or even try to make an online loan enquiry, it is important to know why lenders are fascinated by the Credit Score. It is a report card between 300 and 900. It distills your history of credit, loans and repayments into a single number. If it’s high, that signals responsibility and trustworthiness; if it’s low, lenders see risk and caution.

A good score helps the candidate in many ways:

• Faster loan approval — less waiting, more certainty.
• Access to lower, discounted interest rates.
• Higher probability of getting a larger loan amount.

On the downside, a poor credit score may delay approval, generate closer scrutiny or even get you denied. When it comes to taking a loan, lenders take into account several factors, but the Credit score is always among the top considerations. ​

What Is the Minimum Credit Score Required?

No lender anywhere has an official hard-and-fast cutoff; however, trends do indicate that a score of 700 will put you in a risk category for most banks and NBFCs, with significantly reduced chances of getting your loan approved. Here’s how the ranges generally shape up for two-wheeler loan seekers in India:

The Credit Score Spectrum

• 750 & up — Almost guaranteed approval, best rates, and maximum flexibility.
• 700–749: Solid first-tier credit, favourable rates.
• 650–699: You might be approved — you may have to provide stronger income proof, more down payment or a co-applicant.
• 600–649: Hazardous; approvals are primarily based on supplementary documentation or even more security.
• Under 600: Seldom approved unless the lender requires you to take on a guarantor, pay a large down payment or back your loan with collateral.

These aren’t hard-and-fast rules, but they are based on actual lender underwriting guidelines in 2025. Most two-wheeler lenders, also NBFCs, take a broader view beyond the score and factor in repayment capacity overall, income stability and documentation. 650–700 is not a deal-breaker if your profile is otherwise competitive. ​

Essential Eligibility Checklist

Here are several factors to consider when deciding whether this loan will work for you:

• Age: 18 – 70 at time of loan maturity; an expansive window that money nerds should appreciate, being equally permissive for young professionals and retirees. ​
• Citizenship: Indian nationals only. Income: Normally ₹5,000-8,000 per month (salaried fee income) or ₹72,000 - 96,000 p.a. (in case of self-employed professional), whichever is applicable from a valid salary slip / PCB statements issued to the customers, as well as a bank statement. Nothing provided. Governed by the floating rate of interest for that particular period.
• Time on the Job: Confirm 6–12 months of employment; students may be eligible with a co-borrower who is employed.
• Proof of address: This may be a document reflecting residence in the present location of stay for at least one year, like utility bills, passport or Aadhaar.
• Paperwork: ID proof, residence proof, salary slip 3 months latest, 6 months bank Statement, 1 passport-size photo and proprietary quotation of bike/scooter from authorised dealer. ​

Strategies for Those with Lower Scores

Not all homebuyers show up with pristine credit reports. Worry not if you realise your Credit score is less than the “preferred” number. Banks in India often surprise the applicants who have less than good scores and yet get two-wheeler loans if they do something:

• Apply with a co-applicant: Family members or spouses with a credit score greater can drastically increase the total eligibility. ​
• Higher down payment: More up front is less risk in the eyes of the lenders, and better chances of approval even at lower scores. ​
• Dispute and fix report errors: Occasionally, the information on a credit report is outdated or incorrect. Fixing these can make a big difference in scores within a period of weeks.
• Settle outstanding dues: Clear all your old loan EMIs or credit card dues before you make the application; doing this sends a good impression and might give you a quick bump on your score.
• Curtail New Loan Requests: In the short term, applying to too many loans or credit cards can cause your score to drop temporarily. Better to spread that stuff out.
• Wait and Rebuild: Waiting a period of 3 to 6 months before applying for a loan (while making disciplined payments toward your debt) might save you.
• Get to know NBFCs: Non-bank financial companies usually have more relaxed underwriting norms than banks and provide approval at low scores with more documents.

How Muthoot Capital Makes a Difference

• Choosing the perfect lender : one who looks beyond a number in your credit file — can make all the difference. It is the trust and faith of these thousands for which Muthoot Capital is chosen:
• Personalised Offerings: a unique solution to everyone, whether you are a salaried individual who needs a loan, or you’re self-employed and looking for an instant loan or taking joint loans with friends.
• Fast Approvals: The paperless application, quick turnaround time and personalised service can make life easier.
• Transparency: Fewer-than-10 clarity of terms, rates, and documentation helpfully cuts through the confusion.
• Moderate Credit Score Support: Institutions such as Muthoot Capital would consider you for a loan even with a credit score below 700, if other requirements are met or anecdotal evidence is strong. ​

Five Quick Tips to Optimise Your Loan Approval Chances

• Three months before you start shopping for a two-wheeler, do check out your Credit score.
• Get all your paperwork together and in order.
• If you have less than a 700, be prepared to put more down.
• Do not apply for many loans simultaneously.
• Leverage online two-wheeler mortgage calculators to determine your finances and EMI limits.

Step Forward With Confidence

A two-wheeler loan is more than a mere transaction; it’s a gateway to comfort, freedom and independence. Knowing the importance of your Credit score, doing your application work meticulously and finding a lender that values your complete narrative means you’re speeding down this journey off to a successful purchase.

Also Read: How to Get a Two-Wheeler Loan with a Low CIBIL Score?

Check your eligibility or 2 wheeler loan apply now with Muthoot Capital today, online or through our in-person help. The way you travel is your independence and your life itself, bound to get an incredible upgrade.