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5 Tips on How To Manage Funding For A Two-Wheeler Purchase


Fun Fact:

India boasts a staggering number of registered vehicles, with over 21 crore two-wheelers and nearly 7 crore four-wheelers on the roads.

It's undeniable that a two-wheeler has become a necessity for many, offering a cost-effective and efficient mode of transportation. However, we understand that not everyone can afford to pay upfront for their dream vehicle. That's where securing the necessary funding through a two-wheeler loan becomes important. In this article, we will provide you with practical two-wheeler loan tips to help you understand the financing process. From selecting the perfect bike to optimising your loan EMI and two-wheeler interest rates, we've got you covered.

Key Highlights

  • Before you buy a bike on EMI online, choose the right two-wheeler based on your needs, preferences, and research on models and prices.
  • Create a realistic budget considering income, expenses, and savings, including additional costs.
  • Check and improve your credit score for a better chance at securing a favourable loan interest rate.
  • Plan ahead, gather the necessary documents, compare loan options, and consider a higher down payment.

Tips to Remember Before an EMI Bike Purchase

Let’s go through a step-by-step guide to securing funding to buy a two wheeler online.

  1. Selecting a two-wheeler:

Before you start exploring financing options, choose the type of two-wheeler that best suits your needs. Consider factors like your daily commute, terrain, and personal preferences. Research different models, compare prices, and prioritise features that are important to you.

  1. Plan a budget:

One of the most important two-wheeler loan tips is to create a realistic budget. Creating a budget is important to ensure you don't overspend on your two-wheeler purchase. Evaluate your monthly income, expenses, and savings. Allocate a realistic amount that you can comfortably set aside for loan repayments. Remember to consider additional costs such as insurance, registration, and maintenance.

While planning your budget, you can check how much EMI you can afford to pay each month. Check out the Shriram Two-Wheeler Loan EMI Calculator to determine the monthly EMI amount.

  1. Examine your credit score:

A good credit score is a prerequisite when it comes to obtaining a favourable loan interest rate. Check your CIBIL credit score, pay off any outstanding debts, and ensure timely bill payments to improve your credit score. A higher credit score increases your chances of securing an affordable two-wheeler loan interest rate.

  1. Prepare ahead of time:

Plan your two-wheeler purchase in advance to avoid last-minute hassles. Gather the necessary documents, such as income proof, identity proof, address proof, and bank statements. Consider different loan options by comparing interest rates, tenure flexibility, and applicable charges. NBFCs like Shriram Finance offer affordable interest rates starting at 11.5% p.a* with flexible tenures ranging from 12 to 36 months. Shriram Two-Wheeler also finances up to 100% of the on-road price of the vehicle.

  1. Check how much down payment you can afford:

A higher down payment reduces your loan amount, thereby decreasing the overall interest burden. Assess your finances to determine if you can afford a higher down payment. Save diligently and consider selling any unused assets to increase your down payment amount for the two-wheeler purchase.


Managing the funding for your two-wheeler purchase requires careful planning and consideration. By following these two-wheeler loan tips, you can make an informed decision, secure favourable financing terms, and save money in the process. If you are looking to finance your EMI bike purchase, check out the Shriram two-wheeler loan. With interest rates starting at 11.5% p.a.*, it offers up to 100% financing on the on-road price of your vehicle. Apply now and enjoy your new two-wheeler while staying financially responsible. Happy riding!


  1. What is the best way to buy a two-wheeler?

The best way to buy a two-wheeler is to conduct thorough research, compare prices, and select a model that aligns with your needs and budget. Evaluate financing options and choose the one that offers favourable terms and low interest rates. NBFCs like Shriram Finance offer EMI options with economical interest rates starting at 11.5% p.a*.

  1. How can I finance a two-wheeler?

You can finance a two-wheeler through various methods, including two-wheeler loans, personal loans, or dealer financing options. Compare interest rates, loan tenure, and repayment terms to find the most suitable financing option for your needs.

  1. How can I save money on my new bike?

To save money on a new bike, consider the following two-wheeler loan tips

  • Research and compare prices from different retailers.
  • Choose a reputable lending institution like Shriram Finance to get the best interest rates.
  • Look for previous year's models at discounted prices.
  • Buy during the off-season or sales events.
  • Take proper care of your bike to avoid costly repairs.
  • Check if the bike comes with a warranty for added protection.
  1. How to reduce your loan EMI & interest rate?

To reduce your loan EMI and interest rate, opt for a larger down payment with the lending institution and choose a longer loan tenure if it suits your financial situation. Maintaining a good credit score and comparing loan offers from different lending institutions can also help you secure better terms.

  1. How to save money on buying a two-wheeler?

You can save money on buying a two-wheeler by researching and comparing prices, negotiating with the dealer for discounts, choosing affordable financing options with low interest rates, and considering second-hand or pre-owned bikes in good condition. NBFCs like Shriram Finance offer two-wheeler loans on used bikes.

Get a two wheeler loan at low interest rates