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Two Wheeler Loan Interest Rates

Two wheelers are the preferred mode of transport in Indian cities. Low-interest bike loans have made it affordable and convenient for Indians to buy two-wheeler of their choice.

One can easily apply for two-wheeler loans with Bajaj Auto Finance.You can comfortably pay off the monthly installments as we offer interest rates from 7.85% onwards in addition with a 1% to 3.5% processing fee of the loan amount. Interest rate can directly affect the equated monthly installment or the EMI you are expected to pay for the loan tenor. Even the slightest change of 0.25% rate can have a major impact on the EMI. Therefore, interest rates play a key role in two-wheeler finance and we ensure that our customers are getting an attractive interest rate.   

How is Interest Calculated on Bike Loan?

As is obvious above, before getting two-wheeler finance it is important to know the two wheeler loan interest rates. Interest rates on two-wheelers vary for applicants based on their profile, repayment capacity, income level and the type of loan.

  • Two-wheeler loan interest rates vary according to the category of the two-wheelers.
  • For secured loans, the interest rate is lower while unsecured loans are offered on higher interest rates.
  • Your financial status also has an impact on the interest rate of the Two Wheeler Loan. Your income is considered a parameter in determining your repayment capacity and credibility.
  • Salaried individuals with a stable job are usually offered two-wheeler loans on lower interest rates while self-employed individuals are offered loans on higher interest rates.

The EMIs for two-wheeler loans are structured depending upon all these factors.   

Two Wheeler Loan Interest Rates & Charges

Interest Rates

7.85% Onwards

Maximum Repayment Tenure

36 Months

Processing Fees

1% - 3.5%

Documentation Charges


Overdue EMI Interest


Bajaj Two Wheeler Loan - Advantages

As is mentioned above, Bajaj Finance offers the lowest rate of interest to its customers. Apart from that, there are several other advantages of taking a Bajaj Two-wheeler loan from us. These are:

  • Hassle free documentation and speedy processing.
  • Quick disbursal of two-wheeler loans
  • Low-interest rates and low-cost EMIs
  • Convenient repayment schedule
  • Flexibility to choose the tenure and EMI schedule as per your monthly budget
  • Nominal foreclosure charges
  • Two wheeler loans offered to salaried professionals as well as self-employed individuals
  • Partial foreclosure option is available.
  • Call center customer support in ten different languages.
  • Special offers for existing customers and customers with an exceptional track record.
  • Contact us now and get a Bajaj bike loan with the lowest rate of interest!