Two Wheeler Loan in Rajkot

Rajkot is the fourth-largest city in Gujarat, India. The city is the 18th cleanest city of India and 22nd fastest-growing city in the world. The city has been under different rulers since it was founded. The total population of the city is 1.2 million. Nowadays bike is a basic need of every middle-class person. So if you want to buy a bike and you want to get some financial help to buy a bike than you can get a bike loan from any bank. There are so many banks and non-banking financial organization that provide you a two-wheeler loan at very low rates of interest. In a two-wheeler loan, we get financial help to buy a two-wheeler. Generally, customers prefer to get a two-wheeler loan from banks rather than non-banking financial companies but in case if there is some problem in sanctioning the loan from the bank you can go for non-banking financial companies. Your loan will be sanctioned very easily. the lender, whether it is a bank or non-banking company provides you a two-wheeler loan at some rate of interest.

The rate of Interest: 11.80% (min).

Features & Benefits

  1. Margins: On an average, most two-wheeler loans will pay for up to 90% of margin of finance depending on the individual to individual. Which further results in the customer can make down payment of only 10% of their loan.
  2. Annual income/salary: Banks often offer these loans to people who are earning as low as 7000 per month for a salaried individual and 6000 for self-employed
  3. Nil prepayment charges: Some banks do not charge any prepayment charges if you are able to pay up your loaned amount before your tenure ends. This is often suitable for few customers because it helps to clear off the debts faster if you can.
  4. Extra costs covered: These loans cover the cost of accessories, insurance, and even registration. This means that customer getting finance for not only on the vehicle but the essential expenses on the same.
  5. Tenure: Borrowers are provided with reasonable time to pay back for their two-wheeler loan with tenures that ranges from 12 to 48 months and in some cases it extended to 5 years.
  6. Credit score: For a first-time buyer for a vehicle or one who is going to opt loan for the first time, two-wheeler loans is a great idea to open the file for the credit score.

Eligibility Criteria


Min. age -21 years

Max. age-65 years

Employment Status

Salaried individual / self-employed

Employment Tenure

1 year of salaried individual and 6 months for self-employed

Min Annual Income

Rs.84,000/- salaried

Rs.72000/- self-employed


Documentation Required

Identity proof

Passport/Voter ID/Driving license/Adhaar card/Pan card

Residence proof

Electricity bills/passport/voter id/driving license/Telephone bills/Pan card

Bank Statement

Last six months

Residence Proof

Electricity bills/rental agreement/property/driving license/ration card

How to apply?

  1. Apply application: This is quick and stress-free.The extremely easy way of applying for a loan.
  2. Visit the official website
  3. Submit your documents online.
  4. You will be able to make use of online EMI calculator.