How to Check Bike Loan Eligibility? 

With digitisation, you can find almost all the information you seek online, including whether or not you qualify for a two-wheeler loan. You just need to visit the website of your preferred lending institution and find the details of the eligibility for bike loans on the two-wheeler loan product page. 

Two-wheeler Loan Eligibility Criteria

Here are some of the most common bike loan eligibility requirements:


You can apply for a bike loan only if you are an Indian national and aged above 18 years. 


Both salaried individuals and self-employed professionals are eligible to apply for a two-wheeler loan. 

Employment Status: 

If you are a salaried employee, you must have a minimum of one year of work experience and at least six months of experience in your current job.  In case you are a self-employed professional, you must hold a minimum of one year of experience in your current business.


Income criteria vary with different lending institutions. In general, obtaining a two-wheeler loan does not necessitate a high income. This loan is available to applicants with a monthly income as low as Rs 15,000. Before finalizing a two-wheeler loan lender, don’t forget to compare the qualifying criteria with different lenders. Select the lending institution whose requirements are most similar to your profile. This way, you can acquire not just an instant loan approval but also a low-interest bike loan. To determine your two-wheeler loan eligibility, you may also use the bike loan eligibility calculator available on the lender’s website. 

Documents Required for a Two-wheeler Loan

Some of the common documents required for applying for a two-wheeler loan are:

ID Proof: 

Aadhaar Card/ PAN Card/ Driver’s Licence/ Voter’s ID Card/ Passport

Address Proof: 

Aadhaar Card/ Ration Card/ Utility Bill/ Passport

Employment Proof: 

For Salaried: Appointment letter from the current employer/experience certificate from previous employers For Self-employed: Shop and Establishment Act Certificate/ MSME or SSI Registration Certificate/ Sales Tax Certificate/ VAT Certificate

Income Proof: 

Latest Salary Slip/ Last 3 months bank statement/ Form 16/ recent ITR

Age Proof: 

Passport/ Driving Licence/ Birth Certificate/ PAN Card Depending on your profile, the financial institution may request a few additional documents they feel necessary.

Factors that Affect Two-wheeler Loan Eligibility 

Apart from the above discussed qualifying criteria, the financial institution considers few other factors as well. These factors are: 

Credit History: 

Caught off guard? Yes, your debt-to-income ratio is taken into account by the financial institution when determining your two-wheeler loan eligibility. Although we all know that the EMI for a two-wheeler loan is far lower than those for other loan products, what if your previous loan EMIs are consuming up to 90% of your income? Do you think your bike loan application will be approved in this case? The answer is no. To be eligible for a two-wheeler loan, your debt-to-income should be lower than 50%. 

Bike Model: 

Are you aware that your two-wheeler loan eligibility is heavily influenced by the bike model you choose? Because each bike has a varied resale value, financial institutions favour bikes with a higher resale value over bikes with a lower resale value. The resale value comes into action when the borrower defaults on their two-wheeler loan EMI and the lender initiates an auction of your bike to recover its outstanding dues. 

Wrapping Up

We hope to have answered your questions regarding the two-wheeler loan eligibility criteria. Remember, the two-wheeler loan eligibility is not stringent. If you have a regular source of income, you can easily avail of a two-wheeler loan by submitting a few documents. 


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