Two Wheeler Loan

Whether it’s to beat the everyday traffic or to experience the thrill of riding your favourite bike, get a two-wheeler loan up to ₹5 lakhs & get it home today!

Two Wheeler Loan

Moving around any city in India can be made easier with a personal vehicle. If you want to experience the convenience of travelling and beat the everyday traffic, investing in a two-wheeler can be your life saviour.  Whether you want to ride a bike on hilly terrain or need a scooter for your daily commute, there are many two-wheelers available in the market with travel loan.

In India, bikes and scooters can range anywhere between thousands to lakhs. If you’re someone who needs cash to fund your next two-wheeler, you can get an instant bike loan. 

With Zype, you get a ₹5 lakh bike loan. Apply in less than 5 minutes and get approved for a loan in 60 seconds. But that’s not all Zype has to offer. Keep reading to find out more. 

Features and Benefits of Two Wheeler Loan From Zype

It’s important to choose a lender that gives you a smooth loan experience while offering you a super-fast loan. And with Zype, you get the best of both worlds.  Here’s how: 

Instant Approval And Quick Disbursal

After you have completed a quick and easy application, you can get approved for a loan in 60 seconds. Complete a 3-step KYC and receive the money directly into your registered bank account within 24 hours. 

Easy Application

Affordable Interest Rate

Taking a personal loan from Zype feels light on the pocket because of the affordable interest rate. You can get a personal loan up to ₹5 lakhs starting at just a 1.5% monthly interest rate. 

Approval and Disbursal

Convenient EMIs

Borrowing money from Zype will never feel like a financial burden because of its flexible repayment plans. Based on your budget, you choose a repayment tenure of 3, 6, 9 or 12 EMIs. 

Competitive interest rate

Collateral Free Loan

All Zype loans are unsecured loans. This means you don’t have to provide any collateral as security to get access to the money you need. 


Loan Amount (in rupee)



Interest Rate (in %)



Loan Term (in months)



Total Interest Payable

Total Payment
(Principle + Interest)

Your EMI is

How to Calculate Your EMI for a Two Wheeler Loan?

One of the good borrowing practices is to calculate your EMIs for personal loan before you even start your application process. This can help you compare offers across various lenders and choose the best terms of borrowing that fit your budget. 

Calculating the EMIs before you take a personal loan can help you plan your budget better & even compare offers across various lenders.

Here’s the formula used to calculate EMIs for your ₹50000 loan

E = 50000 x R x (1+R)^N / [(1+R)^N-1], where

E is your personal loan EMI amount

R is the monthly interest rate

N is the no. of months of EMI payment

You can either use this formula or quickly find out your EMIs using Zype’s personal loan EMI calculator.

Personal Loan Repayment

Documents Required for Instant Two Wheeler Loan

When completing your application you have to provide the required information and documents of your lender. And the reason why you can complete your personal loan application in less than 5 minutes on Zype is because you don’t have to provide any required documents or paperwork.

Mandatory documents

Proof of photo identity

Complete a real-time selfie verification to complete your KYC.

Proof of photo identity

Mandatory documents

Enter your PAN & Aadhaar number along with a few basic details to complete your application & activate your loan (Physical documents not required)

Proof of Income

Proof of Income (Optional)

Want to increase your credit limit? Upload your bank statement for the last 4 months and get approved for a higher amount. 

Eligibility Criteria for Two Wheeler Loan From Zype

Checking your eligibility criteria before even starting your application can help you choose the right lender and even avoid too many applications.


18 years or above

Citizen of India

Valid PAN & Aadhaar card

Work experience
Work experience

Salaried individual

15000 Salary
Monthly Salary

Monthly income of at least ₹15,000

Things to Consider Before Applying for an Two Wheeler Loan

1) Understand Your Current Financial Situation And Requirements: The first step is to have a clear understanding of the loan amount you need. This amount should be a sweet spot of a limit that can help you purchase your two-wheeler and something that fits your budget. 

2) Compare Offers Among Different Lenders: This will help you get the best terms of borrowing. You can use an EMI calculator to see what your monthly repayment could look like when taking a loan from different lenders.

3) Check Ratings And Reviews:  This will ensure you’re borrowing money from a trustworthy financial institution.

Two Wheeler Loan Interest Rate and Other Charges

Whenever you take a personal loan from any financial institution, there will be some charges associated with the borrowing. This includes the interest rates, pre-closure charges, prepayment charges, etc. 

Taking a bike loan from Zype means getting full transparency about your terms of borrowing. 

Minimalist Table
Fees & Charges Amount Chargeable
Interest Rate Starting at 1.5% (monthly)
Loan Processing Charges Processing fees from 2% to 6% on every loan
Penalty on Overdue EMIs Penal interest and late fees will be charged to your total outstanding loan on a daily basis

Get a ₹5 Lakhs Bike Loan. Apply in These 6 Simple Steps

1)  Download the Zype app and create your account by registering your mobile number.

2)  Add PAN number along with some other basic details like name, email address, employment details, etc.

3) Get approved for a credit offer within 60 seconds based on your profile.

4)  Unlock your approved limit by completing an Aadhaar linked mobile OTP and selfie verification to complete your KYC.

5)  Select your desired loan amount & EMI option.

6) Receive the cash directly to your account within 24 hours. 

Frequently Asked Questions

Which Loan Is Better For Buying A Two-Wheeler?

Zype instant personal loan for two-wheeler is the best loan to purchase your dream bike. With an easy application, instant approval and quick disbursal, you can get up to ₹5 lakhs in no time. 

Can I Buy A Bike With A 10000 Down Payment?

Typically, the downpayment to buy a bike is 15-30% of the price of the two-wheeler. If you’re purchasing a two-wheeler of a lower amount, then the down payment will automatically reduce. 

Can We Sell A Bike Which Is On Loan?

While different lenders may have different policies for this. On Zype, you can sell a bike on loan. As long as you make your monthly repayments on time, there is no end restriction on the loan amount or the things purchased with the loan amount. 

What Is The Emi Interest Rate For 2 Wheeler?

If you take a personal loan of ₹5 lakh @18% annual interest rate for a two-wheeler, this is what your repayment will look like.


Loan Amount

Interest Rate (p.a.)

Tenure (in months)

EMI in Rs.

Rs. 5,00,000



Rs. 171691.48



Rs. 87762.61



Rs. 59804.91



Rs. 45840

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