Total Interest Payable
Two-wheelers are the vehicle of choice for Indian commuters of every age group. Cars are too expensive for some people, while others find them difficult to manoeuvre through heavy traffic. Scooters and motorbikes are quite affordable, and a two-wheeler finance from MoneyTap can help you get one in no time!
Real-time approval of up to ₹ 5 Lakh with no running around.
Interest on only the amount you actually use, as you use it.
Convert to convenient EMIs ranging from 2 months to 3 years.
Withdraw as ₹ 3,000 or up to your approved limit.
Use MoneyTap Credit Card 2.0 when you need funds instantly.
Must be a full-time salaried employee with a minimum take-home salary of ₹ 30,000/monthOR
Must be a self-employed professional with an income of at least ₹ 30,000/month.(Only certain professionals like doctors, lawyers, or business owners qualify)
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A two-wheeler loan helps you purchase a new scooter or a super bike of your choice on loan EMI amountwithout having to worry about paying the entire cost of the vehicle at once.
You can get amaximum loan of up to 95% of the vehicle’s on-road price with quick loan processing and flexible EMI options.
Two-wheeler finance is now also available online. You can check your two-wheeler loan eligibility in just a few minutes, complete your eKYC documentation and wait for your final loan approval which typically takes a few days.
Or you can visit a two-wheeler dealership near you and apply for a loan. Once you submit the documents required and your loan application is approved, you might need to make some down payment.
You can also get a personal loan to pay for our two-wheeler with MoneyTap and use the remaining about in your credit line for other expenses as and when needed.
The documents required to apply for loans with MoneyTap are:
Anybody who meets the loan eligibility criteria of the bank can purchase a bike on EMI. The eligibility criteria vary from bank to bank.
You can also use MoneyTap’s personal loan to buy the bike.
Zero down payment for a two-wheeler loan is where you do not have to pay any sum upfront when buying your vehicle. In general cases, you will need to pay anywhere between 5% to 15% upfront when financing your two-wheeler, which is down as the downpayment.