Two wheeler Loan

Owning a two wheeler is usually seen as a big step in the lives of many people. It is a convenient mode of transport to go out to the local store or for a daily commute to office on crowded and traffic ridden streets. In today’s world, a motorbike has somewhat become a necessity. For some, it is a passion and getting a dream motorbike is something they look forward to.

Hence, if you are planning on buying one, then it makes sense to go in for a two wheeler loan to avoid any financial stress by draining out your savings. If you are looking to buy your first bike or looking to buy a bike to learn how to ride it, then getting it on a two wheeler loan makes most sense.

If you are thinking of taking on a bike loan, you can get a loan with affordable two wheeler loan interest rates up to ₹5 lakhs. Paysense’ bike loan offers two wheeler loans with little to no documentation and no collateral or security to be submitted. Hence, we are the ones that give legs to your dream of owning a bike or scooter.

Features and Benefits of Two wheeler Loan

Getting a bike loan is a smart financial decision. Hence, applying for a two wheeler finance option is simple and has multiple benefits. Some of the features and benefits of the Paysense’s two wheeler loan are:

1. Instant two wheeler loan: One of the best benefits of applying for a two wheeler loan with Paysense is that the bike loan you need gets processed almost instantly. If you fit the two wheeler loan eligibility criteria, then you can get a loan amount in the order of anything between INR 5,000 and INR 500,000.
2. Attractive two wheeler loan interest rates: The interest rates thatPaysense offers for their two wheeler loans are competitive and ensure that they do not burn a hole in your pocket. What’s more is that you can use the second-hand bike loan EMI calculator to plan your bike loan repayment schedule.
3. No credit history check: If this two wheeler loan is the first time that you are look to take on debt, we at Paysense have no worries. We do not carry out credit history checks if you match the eligibility criteria, we directly disburse the loan amount you need to your bank account.
4. Pocket friendly second-hand bike loans: We have a system of auto-debiting and reminding you about your repayment installment. The idea is to ensure that don’t miss out on re-payments of your second-hand bike loan so that you do not default and end up paying extra charges.

Two wheeler loan eligibility for PaySense bike loans

The two wheeler loan eligibility criteria to get a bike loan or a second-hand bike loan is very simple. If you fit the points mentioned below you shall get a loan with ease.

1. Check Eligibility: You need to ensure that you fit the below mentioned criteria to get a two wheeler loan:
   • An Indian resident
   • Between the age of 21 and 60
   • Have a job paying a salary of INR 12,000 per month
2. Upload required KYC Documents: The documents that you will need to submit or upload for the two wheeler loan are:
   • Aadhaar Card
   • Pan Card
   • Electricity bills
   • Bank statements
   • A clear photograph (selfie)
3. Link bank account for loan disbursement: The last and final step is to link your bank account. This will be the account in which the amount shall be disbursed for your bike.