PaySense and LazyPay, PayU’s consumer lending business, merge to build a full-stack digital lending platform in India.Learn morehttps://corporate.payu.com/news/payu-consolidates-india-digital-credit-offering/

Two Wheeler Loan

Wroom ahead with your own bike

Get Two Wheeler Loan up to ₹5 Lakhs

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
Instant personal loans for your dream bike and scooter
Use the EMI Calculator to check plans

Loan Amount

1,30,000Edit
₹5,000
₹5,00,000
Loan Term
ROI
EMI (per month)
Total interest
*The tenures shown here are indicative. Actual tenures may vary depending on your eligibility.
*The ROIs shown here are indicative
See EMI Plans  
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Paysense is very useful for me . Nobody can give this fantastic opportunity . It’s very good experience for me . THANK U VERY MUCH for giving this opportunity .
There used to be a time when possessing a personal vehicle like a scooter, motorcycle, or a car used to be considered a luxury. However, today, a personal vehicle has become more of a necessity, particularly in urban areas. With lakhs of people travelling to and from their offices every day, owning a personal vehicle like a scooter or a bike has become extremely important today. Weak public transportation systems in cities often mean that people have no option but to buy a personal vehicle like a two wheeler for commuting.However, two-wheelers and bikes cost anywhere between ₹50,000 – ₹1,00, 000, and those who have just started with their first job might not have enough savings to buy one on a down payment. That probably explains the rise of instant two wheeler loans in India over the past few years. In addition to banks and traditional financial institutions, there are a variety of lenders, like PaySense, that offer two wheeler loans at affordable interest rates. The easier application process, flexible EMIs, zero collateral requirement, lower interest rate and instant approval of short-term two wheeler loans provided by PaySense have all proven to be extremely popular with our customers. Let us take a closer look at the increasing popularity of online two wheeler loans in India, the eligibility terms and the process to apply for one at PaySense.
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Do you think a personal loan needs too much effort ?

Getting a personal loan was never this easy

Instant personal loans
Instant personal loans
Get instant personal loans from ₹5000 to ₹5 lakh to fit all your needs and dreams
Quick Approvals & Disbursals
Quick Approvals & Disbursals
Get prompt loan approval and money in your account
Paperless Documentation
Paperless Documentation
Upload pictures of you KYC documents and sign your loan application digitally
Affordable EMI plans
Affordable EMI plans
Easy to manage EMI plans with reminders and auto-debit features so that you don’t miss out on timely payments
One-click subsequent personal loans
One-click subsequent personal loans
Need another loan from PaySense? With one-time documentation, it’s just a click away. No further checks required
Zero Credit History
Zero Credit History
Never taken a personal loan previously? It’s okay - we serve the users who are new to credit and lending system.

It just takes three simple steps to get an instant personal loan online!

1
Check eligibility and select a personal loan plan
Fill in a few basic details to check your eligibility for PaySense instant personal loans and get a Credit Line. A Credit Line is the total amount of loan you can get from PaySense. Once you get your Credit Line, you can choose the loan amount. Choose the best combination of loan duration and EMIs to select your loan plan.
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2
Upload KYC Documents
To get your personal loan approval, you have to upload a few documents to complete your KYC. You are also required to sign the loan agreement and a NACH form to enable auto-deduction of EMIs. NACH stands for National Automated Clearing House is a centralised web-based payment system, regulated and supervised by Reserve Bank of India (RBI) for bulk money transactions. NACH form ensures that you don’t miss on your EMI payments and impact your credit score negatively. The best part – the entire process is paperless. Once you upload all required documents, you get an approval within 2 working hours.
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3
Get your money
Once your personal loan is approved and the application procedure is complete, your money will be directly transferred to your account quickly. It is that easy to get instant personal loan with Gopaysense.
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Check eligibility and select a personal loan planUpload KYC DocumentsGet your money

Things to Know

Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay

Eligibility Criteria options

Eligibility Criteria

Documents Required options

Documents Required

Credit Score options

Credit Score

EMI Calculator options

EMI Calculator

Over 2,56,664 loans disbursed-happy customers

With a continously growing community of happy customers we are disbursing more loans every minute.

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Disbursed till date

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Frequently asked Questions

Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay

General Questions
About PaySense
Loan Eligibility
Loan Application Process
Fees and Charges
Loan Repayment
User Security
Customer Support
Others
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Can I get a two-wheeler loan if I'm getting the salary in cash/ cheque?

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Will I have to submit the documents to my two wheeler with PaySense?

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Can I get a used two wheeler loan on the first month’s salary?

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My city is currently not on the list where PaySense offers its services. What can I do?

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Can I get the loan amount in cash?

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Is the PaySense mobile app safe to use?

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I have zero credit score. Am I eligible for a two wheeler loan from PaySense?

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Can I apply for a two wheeler loan without a salary slip/ payslip?

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After purchasing the car, I realised I need more funds for servicing and repair work. What should I do?

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I have more questions regarding two wheeler loans, what should I do?

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What is PaySense?

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Which banks and NBFCs have you partnered with?

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Is taking a personal loan a good idea?

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What is the maximum amount of personal loan I can get from PaySense?

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What can I use my personal loan for?

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How would PaySense personal loan impact my credit score?

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Am I eligible for a PaySense personal loan?

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I am self-employed. Will you give me a PaySense personal loan?

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I have zero credit score. Will you give me a PaySense personal loan?

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How do you decide my credit line?

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I need a loan of higher amount than you approved. Can my credit line be changed?

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What documents are required to get a PaySense personal loan?

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How do I apply for a PaySense personal loan?

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How much time would it take to complete my loan application once I have installed the app?

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How much time would it take to get the loan approval once I have completed the loan application?

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After uploading all the documents, why was my loan application rejected?

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When can I get my money after loan approval?

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Are there any hidden fees?

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How much processing fees do you charge?

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How much interest rate do you charge on personal loans?

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Are there any extra charges on late payments?

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What are loan foreclosure / pre-payment charges?

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How can I pay back my loan?

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What is a pre-EMI?

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Can I reschedule my EMI date?

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What happens if I miss my EMI on due date?

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While paying my EMI, the amount was deducted from my bank account, but it’s not showing on the PaySense app. Where did my money go?

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I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?

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What happens if I don’t pay back?

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My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?

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Is PaySense safe?

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You ask for my internet banking details? How safe is it?

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I had checked my credit line from PaySense earlier but uninstalled the app. Now that I need a loan, do I have to start a fresh application?

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My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?

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I am getting a “Signature not verified” error after e-signing a document. What do I do?

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My netbanking access has been temporarily disabled. What do I do?

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How do I update my contact details (mail ID, phone number, address) in my PaySense account?

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How can I contact your team if I need any assistance?

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When will you support iPhone and Windows phones?

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Understanding the Rapid Expansion of the Two Wheeler Loan Industry in India

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A Few Things to Remember while Availing Two Wheeler Loans from PaySense

Apply for loans of upto ₹5 lakhs easily using your phone or laptop, and pay back on low EMIs
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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.