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With demand growing in semi-urban and rural areas, the bicycle industry is a fast growing area. The industry is estimated to have between 6 000 and 7 000 000 loads. That means there are two options for two-wheeler companies. In ancient times, there was not enough knowledge about the financing of 2-wheel motorcycles, but with the increasing penetration of financial institutions across the country, it became possible to obtain 2-wheel financing quickly and conveniently.

Getting a 2 wheel loan has become easy. Eligibility criteria, documentation requirements and process are mentioned below:


Persons over 18 years.

Recruiters employed for more than one year.

Business owners who have been running the business for over a year.


Proof of Identity

Proof of address

Proof of income

Valid KYC documentation

Passport-size photos


To apply for a 2 wheel loan, the applicant needs to find out the market for the various banks and financial institutions offering the loan. The applicant should choose the most appropriate according to the rules and regulations of the relevant financial institutions. The application process is fast and transparent. The applicant must meet the eligibility criteria to apply for the loan. In addition, the applicant must submit an application form and submit the necessary documents to the financial institution. Customer guides are friendly and will explain the entire application process. The application will be processed within 48-72 hours and the loan will be approved immediately.

It is advisable to seek a loan from a reputable financial institution. They offer a flexible term and easy return options. Low interest rates and flexible payback times make purchasing a motorcycle quick and easy. Individuals with a positive credit history can get a loan faster and also have access to special schemes. Once the loan amount is repaid, it is not possible to change the term and amount of the loan, so it is important to think carefully about the loan application and agree on a repayment term that is based on the applicant’s monthly income. Financial institutions offer individual solutions to applicants according to their requirements. Depending on the type of 2 wheels you are purchasing, the loan amount will be sanctioned.

The applicant will only need to pay a small down payment, and the balance can be turned into a 2-wheel loan, which has to be repaid in installments on a monthly basis. The applicant can be granted a loan of up to 95% of the cost of the vehicle on the road, with repayment terms ranging from 12 months to 48 months. With the growing demand for 2 wheels nationwide, banks and financial institutions are offering loans that meet consumer requirements and adjusting the terms accordingly.

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