What is the eligibility for a bike loan?

There are two requirements for bike loan eligibility from Muthoot Capital Services Ltd.:

– You need to be a salaried individual with a minimum net annual income of Rs. 96,000 or above


You need to be a self-employed individual with a minimum net annual profit of Rs. 1,20,00 or above.
– The second requirement for two wheeler loan eligibility is, your age should be in the range of 18 (from the time of application) to 65 years (until complete repayment)

Can a salaried person get a two-wheeler loan?

Yes, a salaried person can get the loan, provided he/she fulfils the two wheeler loan eligibility requirements stated below:

  1. He/she should be in the eligible age range of 18 to 65 years, from the time of applying and until full repayment of the loan.
  2. His/her minimum net annual income should be Rs. 96,000 or more.
  3. If you are a salaried individual, you can apply for a two wheeler loan by getting in touch with us.

I am a business owner; can i get a bike loan?

If you are a business owner, you can easily get a bike loan from Muthoot Capital Services Ltd. All you need to do is ensure that you are in the age group of 18 (at the time of applying for the bike loan) to 65 years (till the end of the loan tenure). You also need to fulfil the second bike loan eligibility requirement which is, your net annual profit should be Rs 1,20,000 or more.

Is the cibil score required for a bike loan?

es, your CIBIL score is an important requirement among the bike loan eligibility conditions. The higher your score, the better are your chances of availing a loan from us at a lower rate of interest. Since the loans are disbursed on an individual profile basis, you should get in touch with us to understand where you stand with respect to the two wheeler loan eligibility conditions and to get the best loan offers for you.

How do nbfcs determine two-wheeler loan eligibility?

NBFCs like Muthoot Capital Services Ltd. determine bike loan eligibility based on the following:

  1. The applicant’s nature of employment- whether he/she is salaried or self-employed.
  2. The applicant’s age- he/she should be in the age group of 18 to 65 years of age. from the date of applying for the loan, until the time of complete repayment.
  3. The applicant’s annual income/profit: Rs. 96,000 per annum for salaried and Rs. 1,20,000 per annum for self-employed individuals.