Summary: IndusInd Bank’s two-wheeler loans make it easy to afford your dream bike in 2025. With a hassle-free application process, higher loan amounts, competitive interest rates, and flexible repayment terms, we make bike ownership easily accessible.
As per TechSci Research, the two-wheeler loan market in India is projected to surpass $12 billion by 2025, from roughly $6.7 billion in 2019. This substantial growth highlights the burgeoning preference for two-wheelers as a preferred mode of daily commuting, given their ability to navigate congested lanes and traffic with ease.
However, a two-wheeler, especially a high-end model, can come with a hefty price tag. Fortunately, two-wheeler loans are now easily accessible, which makes bike ownership more manageable. IndusInd Bank provides affordable two-wheeler loan options distinguished by their exceptional features and benefits.
In this blog post, we will explain how IndusInd Bank’s two-wheeler loans can make financing your dream bike easy in 2024.
About Two-Wheeler Loans
Two-wheeler loans have been designed to assist individuals in buying scooters, motorcycles, or other types of two-wheeler vehicles. These loans cover a significant portion of the vehicle’s cost, which the borrower repays over a predetermined period via EMIs (Equated Monthly Instalments) along with any applicable interest.
Why Opt for an IndusInd Bank Two-Wheeler Loan?
IndusInd Bank’s two-wheeler loans come with a range of benefits tailored to satisfy diverse customer needs. The table below elucidates some of the key benefits:
| Attractive Interest Rates | With competitive interest rates on two-wheeler loans, IndusInd Bank ensures your EMI payments are affordable and manageable throughout the loan tenure. |
| Higher Loan Amounts | With a substantial loan, you can finance up to 95% of your two-wheeler’s on-road price, starting at INR 15,000. |
| Flexible Repayment Tenure | Select from flexible loan tenures ranging from 12 to 36 months for standard two-wheelers and up to 60 months for high-end two-wheelers. |
| Quick Loan Processing & Documentation | We guarantee prompt processing of your loan application within four hours with simple, hassle-free doorstep documentation. |
How to Apply for a Two-Wheeler Loan at IndusInd Bank
Applying for a two-wheeler loan with IndusInd Bank is simple. Follow these steps to get started:
1. Check Eligibility Criteria
For Salaried Individuals
- Applicants must have a minimum monthly salary of INR 10,000.
- Applicants must be between 21 and 60 years old at the time of loan application.
- Applicants should have a stable current employment.
For Self-employed Individuals
- Applicants must have a minimum of three years of stable business experience.
- Applicants must be between 21 and 65 years old at the time of loan application.
- Applicants must provide income tax returns (ITR) from the last two years or proof of business.
2. Gather Documentation
Income Proof for Salaried Individuals
Self-attested photocopy of one of the following:
- Form 16
- Latest three months’ salary slips
- Bank statement
- Latest ITR
- Identity proof
- Residence proof
Income Proof for Self-employed Individuals
Self-attested photocopy of one of the following:
- Latest ITR
- Bank statement
- Identity proof
- Residence proof
For Applicants Without Income Proof
Self-attested photocopy of one of the following:
- Bank statement
- Business incorporation certificate or proof of business continuity for the last three years
- Proof of owned residence
- Repayment track record
- Identity proof
Income Proof for Agricultural Income
Self-attested photocopy of one of the following:
- Proof of agricultural land or Pattadar passbook
- Bank statement
- Proof of owned residence
- Repayment track record
- Identity proof
Obtaining a bike loan online from IndusInd Bank is an efficient way to finance your dream bike in 2024.
Hello, my name is Muskan Kumari and I am an experienced Digital Marketer. I have been blogging for the last 3 years and I have special interest in SEO. Here I give you easy bikes and writes easy-to-understand reviews and news about the latest bikes, helping readers choose the best options.. My aim is to always provide you with accurate, new and useful information.
