So, How does Two-wheeler Loan work?

Daily commutes can get easier when you own your own bike. Pre-approved Two-wheel loans can help you purchase the best in the market Two-wheelers from the best of the brands. We give up to 80% value of the vehicle’s on-road price at affordable repayment tenures.

Why take Two-wheeler from LoanTap?

With Our Two-wheeler loan you can walk into the showroom of your choice and ride home your favorite Two-wheeler just by presenting the loan sanction letter that is provided by LoanTap. Our two wheeler loans can be availed to fund purchases of used two wheelers as well as Brand new models. Avail LoanTap’s Two wheeler loan and pay in small installments for tenures across 12 to 36 months!

Instant approval & disbursal

Instant approval & disbursal

Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option

Flexible Repayment Option

Flexibility to switch to accelerated repayment option after 6 months of disbursal
Higher Loan Amount

Higher Loan Amount

Option to choose from amount ranging from INR 50,000 to INR 10,00,000 basis your requirement
Longer Loan Tenure

Longer Loan Tenure

Flexibility to choose longer loan tenure from 6 months to 60 months making EMIs more affordable
Minimum documents

Minimum documents

We collect only what is basic minimum documents for all our custom personal loan products
Transparent Process

Transparent Process

No hidden charges, No pre-payment charges and secured processes
Basic Eligibility Criteria for availing Two wheeler Loan with LoanTap
  • Individuals with a minimum monthly income of INR 10,000
  • Indian citizens/residents who are 21 years and above
Basic Documents required for availing Two wheeler Loan with LoanTap
  • PAN Card
  • Salary Slips (Last 3 months)
  • Salary Account Bank Statement  (3/6 months)
  • Address Proof

Personal Loan Product Suite

No matter what your requirement, use LoanTap’s Special Purpose Loan to fulfill all your needs.

House Owner Loan

Rental Deposit Loan

Holiday Loan

Wedding Loan

Medical Loan

Credit Card
Takeover Loan

Two wheeler loan

Two wheeler loan

Premium Bike Loan

Personal Loan

EMI Free Loan

Personal Overdraft

Advance Salary

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Term Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest.

Each Installment reduces both interest and Principal amount.

Ideal when: You know the precise Loan Amount needed and your income is consistent.

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Your Personal Loan, Your Way!

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Frequently Asked Questions

LoanTap offers up to 80% of on road vehicle price. Final loan amount decision is done on the basis of your eligibility and credit checks.

We need below documents for processing your loan request-

Address proof,
3 months’ pay slips,
6 month’s salary account bank statement,
e-NACH mandate form.

However, we might request for a few other documents if need arises during credit checks.

Yes, the vehicle purchased needs to be hypothecated to partner NBFC.

There is no exclusive list of dealers. You may apply for almost any bike belonging to any dealership-in locations where LoanTap is operating.

Two-wheeler Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat and Chandigarh locations.

Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.

In this loan, interest amount needs to be paid every month and in every 6 months a bullet amount needs to be paid towards the outstanding principal amount. Interest amount is revised post bullet payment of principal amount.

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure with minimal charges applicable.

Yes, you can prepay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.