✅ Bajaj Finance Two-Wheeler loan funds up to 100% of the on-road price
✅ Loan amounts from Rs. 35,000 to Rs. 21 lakh
✅ Flexible repayment tenure from 6 to 84 months
✅ Interest rate of up to 24.25% p.a., depending on your profile
✅ No guarantor needed if you meet the eligibility criteria
Why does the Utua team recommend the Bajaj Finance Two-Wheeler loan?
The Bajaj Finance Two-Wheeler loan stands out because it can cover up to 100% of the on-road price of a bike or scooter, subject to the lender’s terms, which reduces the need for a large down payment at the time of purchase. In addition, loan amounts range from Rs. 35,000 to Rs. 21 lakh, covering everything from entry level models to more powerful motorcycles.
Another advantage is that the Bajaj Finance Two-Wheeler loan accepts a wide range of profiles, such as salaried and self-employed applicants, pensioners, students, homemakers and farmers, and does not require a guarantor from those who meet the criteria. The tenure, which ranges from 6 to 84 months, also makes it easier to fit the instalment into your monthly budget.
Calculate your EMI before choosing your bike
On the official website, Bajaj Finance offers an EMI calculator that estimates the instalment of the Bajaj Finance Two-Wheeler loan based on the loan amount, interest rate and chosen tenure. This lets you test different combinations and see which instalment fits your budget before choosing the model and the partner dealership.
The lender itself gives an illustrative example: a Rs. 1 lakh loan at 10% p.a. for 24 months results in an EMI of about Rs. 4,614. Even so, the actual interest rate varies according to each applicant’s profile.
Author’s opinion
For the Utua team, the Bajaj Finance Two-Wheeler loan is an interesting option for anyone who needs a vehicle for work or for getting around Indian cities, mainly because it allows you to finance up to 100% of the on-road price.
The lender itself gives an illustrative example: a Rs. 1 lakh loan at 10% p.a. for 24 months results in an EMI of about Rs. 4,614. Even so, the actual interest rate varies according to each applicant’s profile, so it is worth running the calculator with your own figures and treating the result as an estimate, not as a final offer from the lender.
Ready to get your new bike?
If you want to learn more about how to get the Bajaj Finance Two-Wheeler loan, which criteria you need to meet and which documents to keep ready, click the button below. There you will find the complete step by step guide and all the key information before you apply.
