Interest Rates Starting @ 0.99 %*
Instant Approvals Within 15 Minutes
Two wheeler loan of up to 100%* of on-road price
Safe & Secure Digital Application & Disbursal ProcessTwo Wheeler Loan
Your dream of owning a bike through Muthoot Capital’s Two-Wheeler Loans is no longer a distant one. With a hassle-free application process, you can apply without delay to own and ride the bike you have always wanted. Whether you’ve been thinking of upgrading your two-wheeler for a while or have had your eyes on the latest bike that’s taken the market by storm, Muthoot Capital’s instant Bike Loan ensures that you reach the nearest showroom at the earliest. Why wait? Get instant approval on a Two-Wheeler Loan by applying today. Own your dream bike now!
Muthoot Capital’s Two-Wheeler Loans offer both convenience and comfort. You can get a loan sanctioned for up to ₹3 lakhs, with a flexible repayment tenure of up to 5 years (60 months). Plus, you won’t have to worry about submitting lengthy documentation or providing collateral. Additionally, Muthoot Capital offers two-wheeler loans at an interest rate starting as low as 0.99%*.
For example, a two-wheeler loan of ₹1 lakh from Muthoot Capital for 5 years at an interest rate of 0.99%* would result in an EMI of ₹2,218.
Two Wheeler Loan EMI Calculator
Limited Period Two Wheeler Loan Scheme Offers
Two Wheeler Loan Scheme for Women
Two Wheeler Loan Scheme for Salaried Professionals
Two Wheeler Loan Scheme for Government Employees
Features and Benefits of Bike Loan
Flexible Repayment
Flexible repayment options, ranging from 12 to 48 months
Special schemes
Special schemes to suit your needs
Quick approval
Get quick approvals with minimum paperwork
No income base
Receive two wheeler finance on income proof, without income proof or on an asset
Hassle free loans
Quick and convenient processing
Easy documentation
Easy and simple documentation
Loans upto 100%
We provide 2 wheeler loans up to 100% for specific models under specific schemes*
Low Down Payment
Low Down Payment/EMI schemes to suit the customer’s financial requirement
No hidden charges
If the customer takes loan from dealership, he needs to pay additional, which would not be in case of MFL sourcing
Two Wheeler Loan Eligibility
In order to find out if you meet our best two wheeler loan eligibility, you have to fulfill only a few conditions after which we process your loan
01
Salaried or self-employed individuals
02
Age between 18 (at the time of application) and 65 (at the end of the loan tenure)
03
Minimum net income of Rs.96000/- p.a. for salaried profile / net profit of Rs. 1,20,000/- p.a. for self employed profile
Documents Required For Two Wheeler Loan
- Valid identity proof:
Any one of passport / Aadhaar card / voters ID card / driving license / PAN card
- Income proof:
ITR / form 16 / pay slip / salary credit in bank statement
- Asset proof:
Latest land / building / house tax reciept
- Valid address proof:
Any one of passport / Aadhaar card / voters ID card / driving license / telephone bill / electricity bill / gas connection bills / ration card/ LIC policy
- Photo proof:
Recent passport size photo
Muthoot Online Payment Options
Instant Two wheeler loan EMI Payment App
Get instant access to your loan details and pay EMI easily.
Download AppInterest Rate, Schedule of Charges & Other Features of Two Wheeler Loan
There are some charges that are levied over and above the interest rates when you take a 2 wheeler loan.
| Two-Wheeler Loan Interest Rates | Starting from 0.99%* onwards |
| Loan Amount | Up to ₹3 Lakh |
| Loan Processing Fees | As per the scheme |
| Lowest EMI per month | Rs.2497/- for avg ticket size of Rs.85,000/- with 48 months tenure |
| Loan Tenure | 12 to 60 months |
| Prepayment/Foreclosure Charges | 4% |
| Late Payment Charges | 2% per month |
| Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
| Default Interest | Interest charged based on loan IRR for the delay days. |
| Repayment Instrument Dishonour Charges | Rs.1000/- + GST |
| Stamp Duty | Nil |
| No Other Hidden Charges | |
How to Apply for a Two-Wheeler Loan Online?
Owning a two-wheeler is easy with an online loan application. Follow these simple steps:
- Visit the Website: Go to the Muthoot Capital official site and click the "Apply Now" button
- Fill Your Details: Enter your name, email, and mobile number in the form.
- Select Loan Type: Choose “Two-Wheeler Loan” from the options.
- Add Details: Include specifics such as your favorite bike brand, state of residence, income, loan amount, gender, and DOB.
- Accept Terms and Submit: Check the box for conditions and submit the application.
- Receive call from representative: A representative will call and assist you with your request.
Muthoot FinCorp Branches
If you have been searching ‘two wheeler loan near me’, we are here to serve you. Find your nearest branch and pay us a visit!
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Muthoot FinCorp Ltd.
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Thoppumpady
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No 16/1551K, 1st Floor, P T Jacob Rd, Kanankulathu
Thoppumpady
Ernakulam – 682005
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Muthoot FinCorp Ltd.
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Dilshad Garden
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Plot No 4, No 488/6, Ground Floor, Block West
Dilshad Garden
New Delhi – 110095
Near Radha Krishna Mandir
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Muthoot FinCorp Ltd.
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NIT
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No 5P/29, 1st Floor, Mittal Complex, P Block, Main Market
NIT
Faridabad – 121001
Above Indian Overseas Bank
Find Muthoot FinCorp Two Wheeler Loan Branch near you – Locate Now
Two Wheeler Loan FAQs
What is two wheeler loan?
Two wheeler loan is a type of loan that is specifically designed for people who wish to purchase a two wheeler vehicle such as a motorcycle or scooter.
What is Zero Down Payment Bike Loan?
A zero down payment bike loan is a secured loan in which the lender will cover the whole cost of the two-wheeler of your choice, whether it’s a basic model or a high- end one, without needing you to pay anything up front. Muthoot Capital will finance 100% of the value of your two-wheeler, allowing you to buy your dream bike on EMI with no down payment. This service is especially beneficial if you’re short on funds or don’t want to deplete your savings to make a down payment.
How can I avail two wheeler loans?
You can apply for a two wheeler loan online by clicking on the” Apply Now” icon on our site. Just fill the drop-down form, check your eligibility and make an estimate about the EMI you can afford. Our representative will call you to guide you through the process. Alternatively, you can drop in to any of our Muthoot Fincorp branches across the country or Call Us at 1800 102 1616 and apply for the best bike loan offline.
Why Should I Choose A Two Wheeler Vehicle Loan?
You can apply for a two wheeler vehicle loan by clicking on Apply Now or visit a Muthoot Blue branch near you to initiate the loan. The loans for motorcycles come with many benefits.
- It does not create a burden on you. You do not need a large amount to buy a bike. A Muthoot Capital two wheeler loan frees you to use the money in your bank for any other purpose like medical emergencies. You can pay the amount in small EMI’s over up to 5 years at a nominal interest rate.
- Your credit score becomes healthy if you keep paying your EMIs on time. If you do not have a credit history it is the best way to do so.
- Muthoot Capital Services Ltd. offers income-based, asset-based and non-income based finance options.
What is the difference between a personal loan & bike loan?
| Parameter | Bike Loan | Personal Loan |
| Down payment | Approx 10 to 20 % of the on-road valuation of the vehicle. | No down payments needed. |
| Rate of interest | Starts @ 0.99% onwards. | Starts @ 11% onwards. |
| Repayment tenure | Can go up to 7 years. | Ranges between 6 months to 5 years. |
| Processing Time | Instant Approval | 1 - 2 working days* |
| Required Documents |
|
|
| Lenders | Only from Banks or NBFCs | Banks, NBFCs or online lenders |
How Can I Remit Monthly Instalments for Two Wheeler Loan?
You can use our mPower App to make your repayments. You can consider NACH or the National Automated Clearing House to remit Monthly Instalments when opting for two wheeler finance. You can also download Muthoot Capital Services application from the Google Play Store and pay the EMI for the bike finance you opted through Net banking, UPI or debit cards as comfortable.
What is the Process of Two Wheeler Loan?
Through following the simple steps and submitting a few necessary documents, your application will go for approval. If you meet the eligibility criteria, you will be notified of the approval within minutes, and the amount will be disbursed within 24 working hours.
Can I receive a Two Wheeler Loan online?
Getting a Two Wheeler Loan Online has become so convenient with digital expansion. You do not need to stand in a long queue or wait for months for the approval of the loan. You can visit the official website of Muthoot Capital and apply for an instant two-wheeler loan within minutes.
How do I know if I am eligible for a Two Wheeler Loan?
Muthoot Capital has mentioned certain eligibility criteria on their website. You need to meet those requirements. An applicant should be at least 18 years of age (at the time of the application) or more than 65 (at the end of the tenure). Your annual income should be at least 96,000 per annum. If you own a business and buy the bike against that, the annual profit should be at least Rs. 1,20,000.
What are the Benefits of a Two-wheeler Loan?
A two-wheeler loan is a smart way to purchase your dream bike. However, a few people believe in buying it through savings, but spending your entire savings in one go is not advisable. You must keep a significant amount with you to cover unforeseen expenses. The two-wheeler loan will allow you to pay in easy instalments, reducing the financial burden.
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