How To Buy a Bike on EMI / Installment?

The Indian economy is going through a phase of transition in recent times. The banking sector has been very aggressive in disbursing loans to the consumers who are flooded with attractive loan offers every day. It gives them an opportunity to upgrade their lifestyle by taking a loan for a new house, fancy gadgets and automobiles without depleting their capital reserve. Two wheeler loans have seen a huge surge in demand as one can buy a scooter or a bike relatively quickly without investing huge amount.

5 Deciding Factors For Your Two Wheeler Loan Eligibility


Follow the below steps to buy a bike on EMI:

  1. Check Eligibility: If you have selected the bike, then you can check bike loan eligibility to buy a bike on EMI.

    To check what documents are required to get a two wheeler loan, you can visit this page.

  2. Calculate EMI: After checking the eligibility, you should calculate EMI. You can use Bajaj Auto Finance Two wheeler loan EMI calculator to get the estimated EMI amount that you have to pay month on month.
  3. Apply Loan Online: Now you can apply for a two wheeler loan online by visiting this application page. Here you have entered basic details, personal details then you will be redirected to the loan approval page, where you can check that you loan has been approved or not.

If your loan is approved then the Bajaj Auto Finance representative will call you to assist further.

apply for a two wheeler loan


Advantages of Taking a Bike Loan on EMI


  • Bajaj Auto Finance Bike loans are offered at attractive interest rates and low cost EMIs make it easier to repay the loan.
  • A small portion of the loan can be paid in the form of initial down payment thus reducing the financial burden of the borrower.
  • Repayment tenure can extend up to five years which results in lower EMIs every month.
  • Minimal paperwork and fast processing of loan make it a popular choice for the borrowers.
  • You can use the bike loan calculator to calculate the rate of interest and conveniently choose EMIs you can afford every month.
Additional Read: Minimum Down Payment For Bike Loan

Two-wheeler loan interest rates offered by us are the lowest. You also have the option of calling our representative and ask him to find the right financing solution for you. If you want to lower the EMIs of two-wheeler loan then consider paying the maximum amount as down payment to reduce the monthly burden. By paying your bike loan EMIs on time without defaulting, you improve your creditworthiness with the credit Bureaus agencies, which makes it much easier to get loans from the banks and private lenders in future.

Apply for Loan Calculate Your EMI




Yes, the benefits of buying a bike on EMI are many.

Some of them are mentioned as below –

  • When you buy a bike on EMI, you will not be emptying your bank account.
  • EMIs keep your bike from becoming a financial burden.
  • You can also avoid the down payment of your bike when you choose a 0 down payment loan.
  • Bike loans these days are hassle-free as most lenders follow paperless procedures.
  • The approval time for a bike loan is not more than one business day.
  • The EMIs for bike loan schemes are pocket-friendly.

Yes, you can. Leading lenders offer their clients the option to pay bike EMI online using internet banking as well as UPI. Simply select the online EMI payment option and follow on-screen instructions for the best results.


Yes, countless lenders in India offer 0 down payment bike loans. The only cost that you would need to bear is the processing fee – that is it!


No cost EMIs allows you to pay back your lender only the MSRP of the product.

Interest rates are not applicable on loan schemes with no-cost EMIs.

For example –

If you bought a bike costing Rs. 1, 80,000 with 6-month tenure through a no-cost EMI loan scheme, you will pay back the debt in EMIs without any interest.

In short, you will only pay back the MSRP of the bike and no additional interest amount.