Two-wheelers remain the most popular form of personal transport in India. Whether it's a ₹70K commuter or a ₹3L premium motorcycle, here's how to finance your new bike smartly.
Current Interest Rates (March 2026)
- HDFC Bank: 13–15%
- Bajaj Finance: 14–18%
- TVS Credit: 14–19%
- Hero FinCorp: 13–17%
- State Bank of India: 13.25–14.5%
Down Payment & LTV
Most lenders finance 80–90% of on-road price for new bikes. Ex-showroom ₹1L bike may have ₹1.15–1.2L on-road; expect to pay ₹12,000–24,000 as down payment.
EMI Examples (₹1L loan, 36 months)
| Rate | Monthly EMI |
|---|---|
| 13% | ₹3,369 |
| 16% | ₹3,517 |
| 18% | ₹3,615 |
Quick Approval Tips
Salary account with lender bank, CIBIL 700+, and no existing overdue — these three factors can get you approved in 2–4 hours with minimal documents.