5.7cr+
Satisfied Customers
100% On-Road Funding
Ride Your Dream Machine Without Waiting
From daily commuters to premium superbikes, get up to 100% financing with flexible tenures.
65+
Lending Partners
Rs.65k Cr+
Loans Disbursed
Why Choose Six Finance?
Experience hassle-free borrowing with flexible loan options, instant credit tracking, and rapid approvals designed around your unique financial journey.
Flexible Repayment Plans
Life changes, and your loan should adapt with it. We offer customizable repayment schedules and loan amounts designed to fit comfortably within your budget.
Fast, Secure & Transparent
Apply with complete peace of mind. Our streamlined, bank-grade encrypted platform ensures lightning-fast approvals while keeping your data strictly protected.
Personalized Financial Solutions
We look beyond the numbers to understand your story. Enjoy a borrowing experience that is custom-tailored specifically to your unique financial goals and needs.
Loan Details
New Bike Loan Calculator
Calculate your EMI and total interest for a new bike loan with flexible repayment options.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹1,00,000 over 12 months at 9.99% APR. Total repayment: ₹1,05,493.48 with monthly EMIs of ₹8,791.12.
EMI Calculator
Select Your Bank
Enter Loan Amount
₹1,00,000
50K50L
9.99
8%30%
1
1Y10Y
Monthly EMI
₹8,791.12
Total Interest
₹5,493.48
Why Choose Six Finance?
Experience hassle-free borrowing with flexible loan options, instant credit tracking, and rapid approvals designed around your unique financial journey.
Flexible Repayment Plans
Life changes, and your loan should adapt with it. We offer customizable repayment schedules and loan amounts designed to fit comfortably within your budget.
Fast, Secure & Transparent
Apply with complete peace of mind. Our streamlined, bank-grade encrypted platform ensures lightning-fast approvals while keeping your data strictly protected.
Personalized Financial Solutions
We look beyond the numbers to understand your story. Enjoy a borrowing experience that is custom-tailored specifically to your unique financial goals and needs.
What is a New Bike Loan?
A new bike loan is a credit facility specifically for purchasing a brand-new two-wheeler (scooter or motorcycle). Lenders often finance up to 95-100% of the on-road price for eligible customers.
Repayment terms are flexible, typically ranging from 1 to 4 years (12 to 48 months). Since the loan amount is smaller than a car loan, the EMIs are usually very affordable.
Basic requirements:
- Minimum age (usually 21 years)
- Residence stability (proof of address)
- Employment/Income proof
- Credit score (helps in getting 100% funding)
Dealers often have tie-ups with banks to offer instant approvals and low down-payment schemes right at the showroom.
Ride Your Dream Bike
From daily commuters to premium sports bikes, we finance them all. Our digital application process ensures you get the sanction letter before you even pick the color of your bike.
New Bike Loan Features
- Loans for all bike segments (Scooters to Superbikes)
- LTV up to 95% of vehicle cost
- Instant approval process
- Special rates for female applicants
- Minimal documentation
- Flexible repayment options
Financial Guide
New Two-Wheeler Loan Rates
Interest rates start from 10% to 24% p.a. Rates vary significantly based on the bike model (commuter vs superbike) and your profile.
Checklist for New Bike Loans
Funding your two-wheeler is easy, but watch out for these aspects:
1
LTV Ratio
Lenders offer up to 95% funding. However, a higher down payment reduces your interest burden and EMI.
2
Processing Fees
Processing fees can range from 1% to 3%. Look for festive waivers or flat-fee offers.
3
Hypothecation Charge
There is a cost to mark the lender's name on the RC (Hypothecation). Ask if this is included in the loan or paid separately.
4
Bundled Insurance
Lenders may force you to buy insurance from them. You have the right to buy insurance externally if it's cheaper.
5
Credit Score
Even for small bike loans, CIBIL matters. A score above 700 ensures you get the lower end of the interest rate band.
New Bike Loan Eligibility
Eligibility criteria Quick approval criteria for new two-wheelers:
Age: 18–60 years.
Income: Salaried: Rs. 10k/month; Self-Employed: ITR not always mandatory.
Residence: Proof of local address is crucial.
Employment: At least 6 months to 1 year of stability.
CIBIL: Required for low-down-payment schemes.
New Bike Loan Categories
Funding options for your daily commute or passion riding.
New Bike Loan Documents
Minimal documentation is required for two-wheeler loans.
| Requirements | Salaried | Self-Employed |
|---|---|---|
| KYC | Aadhaar, PAN, Passport size photo | Aadhaar, PAN, Passport size photo |
| Income Proof | Salary Slip or Bank Statement (optional for small loans) | ITR (optional for small loans) |
| Address Proof | Utility Bill / Rent Agreement | Utility Bill / Shop Act License |
New Bike Loan Tips
Hypothecation
- Bank's name will be on the RC.
- You need to pay a fee to remove this after loan closure.
CIBIL Impact
- Small loans also impact credit score.
- Defaulting on a small bike loan can ruin future home loan chances.
Down Payment
- Low down payment schemes exist but have higher rates.
- Paying 15-20% upfront gets you a better deal.
Processing Fees
- Look for festive offers.
- Many banks waive processing fees during festivals.
New Bike Loan Charges
Minimal fees for new two-wheelers:
| Particulars | Charges |
|---|---|
| Processing Fees | 1% to 3% of loan amount |
| Hypothecation Charges | ₹ 500 (Paid to RTO) |
| Stamp Duty | ₹ 100 - ₹ 300 |
| Bounce Charges | ₹ 500 per bounce |
| Foreclosure | 4% of outstanding principal |
Other fees and charges levied by the lenders include documentation charges, verification charges, duplicate statement charges and NOC certificate charges.
Two-Wheeler Loan Offers
Finance your daily commute or superbike with these lenders.
| Lender | Rate (p.a.) |
|---|---|
| HDFC Bank | 14.50% onwards |
| L&T Finance | 15.00% onwards |
| TVS Credit | 16.00% onwards |
Bike Loan vs Credit Card EMI
Two popular ways to buy a new two-wheeler.
| Two-Wheeler Loan | Credit Card EMI |
|---|---|
| Tenure up to 3-4 years | Tenure up to 12-24 months |
| Hypothecation on RC | No Hypothecation on RC |
| Processing fee applies | Processing fee + GST on interest |
| Lower interest rate (usually) | Higher effective rate |
Borrower Categories
Salaried: Easy approval with salary slips.
Self-Employed: Loans available based on residence stability.
Students: Can apply with a parent as a co-applicant.
Quick Process
Choose your bike and get the dealer quote.
Submit KYC (Aadhaar/PAN) and banking checks.
Sign the agreement and hypothecation deed.
Ride out!
How to Calculate Two-Wheeler Loan EMI Online?
You can calculate your two-wheeler loan EMI using a free online two-wheeler loan EMI calculator. You just need to enter your interest rate, loan amount and tenure in the calculator to get instant and accurate results.
Bike Loan vs Credit Card EMI
For smaller amounts like bike purchases, plastic money is a strong competitor.
| Parameter | Bike Loan | Credit Card EMI |
|---|---|---|
| Tenure | Up to 3-4 years | Up to 12-24 months |
| Hypothecation | Yes (RC marked) | No (Unsecured) |
| Processing Fee | Standard charges apply | Processing fee + GST on interest |
| Documentation | KYC & Income Proof | Instant / No Documentation |
Rider Stories
Siddharth M. — Superbike Dream
"Buying a Kawasaki was my dream. The loan process for high-end bikes is different, but Six Finance guided me to the right lender who understood the asset value."
Nikhil P. — Zero Down Payment
"Got a 100% funding offer for a scooter. The EMI scheme was very flexible, allowing me to pay over 3 years."
Two-Wheeler Loan Tips
Buying a bike or scooter? Read this first:
- Look for Low Down Payment schemes if cash is tight.
- Check the 'Hypothecation Removal' process for later.
- Compare EMI schemes (some offer 'Buy Now Pay Later').
- Ensure you are not forced to buy bundled accessories.
- Apply online to get instant digital sanction.
Bike Loan Facts
- Interest rates vary widely (10% to 24%) based on profile.
- Loans available for amounts as low as Rs. 20,000.
- Students can apply with a parent as a co-applicant.
- Processing fees are usually a flat amount (e.g., Rs. 1000).
- Quick disbursal, often while you are at the showroom.
Two Wheeler Loans
Two Wheeler Financing Options
Ride your dream bike with our flexible financing options for both new and used two wheelers. Low interest rates and quick approval process.
Used Two Wheeler Loan
Finance your pre-owned bike with attractive interest rates. Quick approval and minimal documentation for certified used two wheelers.
New Two Wheeler Loan
Get your brand new bike with easy financing options. Low interest rates, zero down payment options, and quick disbursement.
New Bike Loan Affordability Signals
Reviewed by Six Finance editorial and credit-analysis team · Last updated: 2026-01-15
Intent-specific checkpoints
- Match tenure with bike value depreciation and monthly income stability.
- Check minimum down-payment and processing fee structure upfront.
- Prefer plans with clear foreclosure terms and low hidden add-on costs.
- Validate total payable amount across bank and NBFC alternatives.
Methodology and compliance notes
- Two-wheeler scenarios use common urban and semi-urban eligibility patterns.
- Comparisons normalize fees and interest for fair lender-to-lender review.
- Illustrative EMI examples are educational and may vary by applicant profile.
- Approval speed and pricing depend on KYC, bureau, and lender operations.
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