Planning to buy a new bike, electric scooter or even a superbike? Why wait and save for years when you can ride today and pay in easy EMIs?
With PoketCare Two Wheeler Loan, you get instant eligibility check, fast approval, flexible tenure and transparent charges — 100% online and stress-free. 🚦
A Two Wheeler Loan is a secured vehicle loan where the bike or scooter itself acts as security. The lender finances up to 90%–100% of the on-road price, and you repay the amount in fixed monthly EMIs.
It is one of the most searched loan products in India because:
💡 PoketCare Pro Tip:
Even if your CIBIL score is around 700, you can still get competitive bike loan interest rates with proper income proof.
1️⃣ Choose your bike / EV / superbike
2️⃣ Check online loan eligibility
3️⃣ Compare lenders & interest rates
4️⃣ Select EMI & tenure
5️⃣ Complete digital KYC
6️⃣ Loan amount directly paid to dealer
💰 Loan Amount: ₹25,000 to ₹25 Lakhs
📆 Tenure: 12 to 60 months
💳 Down Payment: 0%–20%
💡 PoketCare Pro Tip:
Opt for a shorter tenure if possible — it reduces overall interest cost significantly.
🆕 1. New Two Wheeler Loan
For brand new bikes or scooters purchased from authorised dealers.
Best for daily commute, office travel and personal mobility.
⚡ 2. EV Two Wheeler Loan
Special financing for electric scooters and bikes.
Comes with lower running cost and government subsidy benefits.
🏍️ 3. Super Bike Loan
High-value loan for premium bikes above ₹5 Lakhs.
Designed for enthusiasts and high-income borrowers.
💡 PoketCare Pro Tip:
Superbike loans require stronger income proof and higher CIBIL score (750+ recommended).
✅ Salaried Individuals
✅ Self-Employed Individuals
✅ Super Bike Applicants
Age: 18 to 65 years
💡 PoketCare Pro Tip:
Higher down payment improves approval chances and lowers EMI amount.
PoketCare simplifies your loan journey:
We partner with RBI-registered lenders to ensure safe, secure and reliable financing.
💡 PoketCare Pro Tip:
Applying through PoketCare avoids multiple hard credit enquiries from different lenders.
| Charge Type | Details | When Applied |
|---|---|---|
| Processing Fee | 1%–3% of loan amount | Before disbursal |
| Documentation Charges | As per lender | Before disbursal |
| GST | 18% on applicable charges | Before disbursal |
| Prepayment Charges | 2%–5% | During tenure |
| Foreclosure Charges | As per lender | Before loan closure |
| EMI Bounce Charges | ₹400–₹1200 | Post disbursal |
| Penal Interest | 2%–3% monthly | On delayed EMI |
💡 PoketCare Pro Tip:
Always ask for a detailed cost sheet including GST and foreclosure terms before signing.
Electric vehicles in India qualify under central schemes like FAME II and state EV policies.
💡 PoketCare Pro Tip:
State-level EV subsidies vary — check eligibility before booking your electric scooter.
Insurance protects you and the lender against:
Benefits:
💡 PoketCare Pro Tip:
Choose comprehensive insurance with zero depreciation add-on for new bikes.
| Pros | Cons |
|---|---|
| Quick vehicle ownership | Interest increases total cost |
| Low EMI flexibility | EMI burden if income unstable |
| Minimal documentation | Foreclosure charges |
| Fast approval process | Vehicle depreciation |
| Feature | New Bike Loan | EV Two Wheeler Loan |
|---|---|---|
| Fuel Cost | Petrol | Electricity (Low Cost) |
| Government Subsidy | No | Yes |
| Running Cost | Moderate | Very Low |
| Maintenance | Moderate | Low |
| Eco-Friendly | No | Yes |
🏁 Conclusion
A Two Wheeler Loan gives you independence, convenience and flexibility. Whether it’s a daily commute bike, electric scooter or powerful superbike, financing helps you ride today and pay comfortably.
With PoketCare, you compare lenders, calculate EMI and apply online — all in one place.
Your ride. Your freedom. Your smart decision. 🏍️✨