Two Wheeler Loan
Wroom ahead with your own bike
Get Two Wheeler Loan up to ₹5 Lakhs
Loan Amount
Do you think a personal loan needs too much effort ?
Getting a personal loan was never this easy
It just takes three simple steps to get an instant personal loan online!
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
Documents Required
Credit Score
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.
Disbursed till date
App Downloads
Loans Disbursed
Available in 300+ cities
Agra
Ahmedabad
Ahmednagar
Allahabad
Almora
Anand
Bankura
Bengaluru
Bharuch
Bhopal
Bhubaneswar
Chandigarh
Chennai
Coimbatore
Cuttack
Dehradun
Delhi
Ernakulam
Faridabad
Gandhinagar
Ghaziabad
Ghazipur
Goa
Frequently asked Questions
Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay
Can I get a two-wheeler loan if I'm getting the salary in cash/ cheque?
Will I have to submit the documents to my two wheeler with PaySense?
Can I get a used two wheeler loan on the first month’s salary?
My city is currently not on the list where PaySense offers its services. What can I do?
Can I get the loan amount in cash?
Is the PaySense mobile app safe to use?
I have zero credit score. Am I eligible for a two wheeler loan from PaySense?
Can I apply for a two wheeler loan without a salary slip/ payslip?
After purchasing the car, I realised I need more funds for servicing and repair work. What should I do?
I have more questions regarding two wheeler loans, what should I do?
What is PaySense?
Which banks and NBFCs have you partnered with?
Is taking a personal loan a good idea?
What is the maximum amount of personal loan I can get from PaySense?
What can I use my personal loan for?
How would PaySense personal loan impact my credit score?
Am I eligible for a PaySense personal loan?
I am self-employed. Will you give me a PaySense personal loan?
I have zero credit score. Will you give me a PaySense personal loan?
How do you decide my credit line?
I need a loan of higher amount than you approved. Can my credit line be changed?
What documents are required to get a PaySense personal loan?
How do I apply for a PaySense personal loan?
How much time would it take to complete my loan application once I have installed the app?
How much time would it take to get the loan approval once I have completed the loan application?
After uploading all the documents, why was my loan application rejected?
When can I get my money after loan approval?
Are there any hidden fees?
How much processing fees do you charge?
How much interest rate do you charge on personal loans?
Are there any extra charges on late payments?
What are loan foreclosure / pre-payment charges?
How can I pay back my loan?
What is a pre-EMI?
Can I reschedule my EMI date?
What happens if I miss my EMI on due date?
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?
I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?
What happens if I don’t pay back?
My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?
Is PaySense safe?
You ask for my internet banking details? How safe is it?
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?
My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?
I am getting a “Signature not verified” error after e-signing a document. What do I do?
My netbanking access has been temporarily disabled. What do I do?
How do I update my contact details (mail ID, phone number, address) in my PaySense account?
How can I contact your team if I need any assistance?
When will you support iPhone and Windows phones?
Understanding the Rapid Expansion of the Two Wheeler Loan Industry in India
A Few Things to Remember while Availing Two Wheeler Loans from PaySense
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:
- 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.
- 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.
- 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.
- 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.
- 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
- 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)
- 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.