New Loan Enquiry
2 wheeler
3 wheeler

Two Wheeler Loan Eligibility & List of Required Documents

Two wheeler loan allows middle class borrowers to pay monthly EMIs comfortably as most of them cannot afford to make the lump sum payment due to financial constraints.

Once you decide to apply for a two wheeler loan, it is essential to check your two wheeler loan eligibility. Lenders are extremely cautious and sanction the loan only after checking the repayment capacity of the borrower. Thorough background checks are conducted before the loan is disbursed as there has been a sudden rise in number of defaulters over a period of time.

To make sure your application for the loan is not declined; you must possess necessary documents and declare your exact source of income for speedy approval.

apply for a two wheeler loan

Below are the general two wheeler loan eligibility criteria for two wheeler loans:

  • Minimum age of the loan applicant should be at least 18 years at the time of applying for the loan, and the maximum age limit should be 65 years.
  • Applicant should be residing in the same house for at least one year to show residential stability.
  • Applicant should be in a stable job for at one year or self-employed with IT returns of two years.
  • Applicant should have a good CIBIL score with credit bureaus
  • Applicant should have a permanent telephone number and possess KYC and other related documents.

Documents Required for Two Wheeler Loan

Here is a list of documents required for a bike loan:

Identity Proof:

  • Aadhaar Card
  • PAN card
  • Passport
  • Driving License
  • Electoral Voter Identity Card

Address Proof:

  • Aadhaar Card
  • PAN card
  • Passport
  • Driving License
  • Latest Electricity Bill
  • Latest Phone Bill
  • Latest Bank Passbook reflecting the current address
  • Property Documents
  • Water bill

Additional Documents for Salaried Persons

Salaried persons:

  • Employment or offer letter
  • Last salary slips <45 Days
  • Last six months bank statements and latest form 16


  • Last three years income tax returns
  • Last six months bank statements
  • Sales tax returns
  • TDS Certificate
  • Company details

Make sure to keep both originals and photocopies of the required documents for loan processing.Based on the above documents,the lender will process your two wheeler loan application, and you can expect a positive outcome on your loan approval.

Apply for Bike Loan Calculate Your EMI