Delivery service providers, including Shadowfax or Zepto, can help you earn money based on your time preference. But there is one thing which is constant – a reliable two-wheeler. Without a bike, it is difficult to accept orders promptly and make enough deliveries in a shift.
In such cases, a bike loan for delivery work becomes a useful option. Fortunately, many banks and non-banking financial companies (NBFCs) now recognise delivery partners as a rising workforce and offer tailored loans that can help you purchase the ride you need. This blog will show you the exact steps to get financed, the documents you’ll need, and how to balance your earnings with EMIs.
Quick Pre-Check before You Apply
Before filling out a loan form, check if you have the essentials ready. You’ll have to submit these documents:
- PAN and Aadhaar for KYC.
- Driving licence and, ideally, a two-wheeler insurance plan.
- Last 3–6 months’ bank statements showing regular income or deposits.
- A proof of association with Shadowfax or Zepto, such as an onboarding email or app screenshot.
A good credit score (700 or more) can get you a better rate. But even if you are new to credit, there are NBFCs and finance companies that consider self-employed workers.
Petrol or Electric: Choose What Suits You
Petrol bikes in the 110–125cc range are popular with delivery partners because they cost less at the time of purchase and are easy to maintain. On the other hand, electric scooters are becoming more common, especially in cities where charging stations are available. They have higher upfront costs but lower running expenses.
Some states are also giving subsidies to encourage riders to use EVs. You can also check rental or subscription options for electric scooters if you want to try them before taking a loan.
Process to Get a Bike Loan for Delivery Work
Getting financed doesn’t have to take weeks. If your documents are in place, many lenders can complete the process in as little as three working days.
- Select your bike and lender: Decide whether you prefer petrol or electric, then choose the lender that best suits your profile.
- Prepare all of your documents: PAN, Aadhaar, address proof, driving licence, bank statements of the past 3 to 6 months, and your onboarding proof for Shadowfax or Zepto.
- Submit the application: This could be via an online portal, dealer sales agent, or the lender’s mobile app.
- Complete KYC: Expect e-KYC or video KYC, so keep your phone on hand.
- Approval and credit: The loan amount will be paid once approved.
- Take delivery and register on the app: Upload the RC and insurance details of your new bike on Shadowfax or Zepto to start booking slots.
Understanding EMIs and Earnings
Before taking a loan, you should compare your expected earnings with the EMI.
A petrol bike costing around ₹85,000 may have an EMI of about ₹2,800–₹3,000 for a 3-year loan.
An electric scooter worth ₹1,20,000 may have an EMI of around ₹4,000. But with lower fuel expenses, the cost balances out over time.
Shadowfax partners can earn about ₹7,000–₹10,000 per week depending on effort and location. Zepto riders may earn even more, sometimes up to ₹15,000 per week. This shows that EMIs for a bike loan for Zepto delivery can be managed if you plan your deliveries well.
Related Reading: Along with Shadowfax and Zepto, several other delivery platforms are also expanding fast. To understand better, read about how much you can earn as a delivery rider with Zomato/Swiggy/Blinkit.
Boosting Your Bike Loan Approval Chances
As a delivery worker, you might not have the same salaried slips that banks usually look for. It is still possible to strengthen the profile:
- All delivery earnings should preferably go to an active bank account.
- Keep a balance of at least ₹10,000 before applying; it signals financial stability.
- Make sure you don't miss any EMI or loan payments in the months before you apply.
- If you are new to credit, lenders who give loans to first-time borrowers will be better for you.
Don’t Forget Insurance and Compliance
Your loan only covers the cost of the bike. Insurance and compliance remain your responsibility. Always opt for a policy that clearly covers delivery or commercial use; some standard two-wheeler policies may exclude the same. Get personal accident coverage if it isn't included already.
While on the road, keep your Pollution Under Control certificate, RC, insurance copy, and partner ID. Routine traffic checks are conducted in major cities, and any missing paperwork could affect your work and also hurt your chances of getting a loan.
Taking the Final Step
Owning a two-wheeler through a loan can make your work with Shadowfax or Zepto more rewarding. Freedom comes with earning money according to your own terms rather than depending on rented bikes. All it takes is a few simple checks of eligibility, a digital KYC and adjustable repayments, and you are good to go with a bike loan. Once approved, you can get your vehicle quickly, register with your delivery platform, and start completing more orders.
If you’re looking to grow as a delivery partner, a bike loan is a practical step that gives you ownership, stability, and the chance to earn more every day.
Apply for a two-wheeler loan with Shriram Finance, available with favourable repayment options. Please check our website for complete details.
FAQs
What is the loan process for riders working with platforms like Zepto or Shadowfax?
The process is almost the same as applying for a regular two-wheeler loan. You can apply with documents including Aadhaar, PAN, licence, and bank statements. Your weekly payouts as recorded on these platforms are the proof of income lenders require.
Do delivery companies like Zepto offer any support in getting bike financing?
Zepto doesn’t give loans directly, but your regular earnings make it easier to show income and qualify for a bike loan
Do I need to show my Zepto or Shadowfax ID for the bike loan?
Yes. A few lenders also ask for your partner ID or onboarding letter along with your KYC documents
When can I start doing deliveries on Shadowfax with my new bike?
Once you get your loan and your bike is released to you, you can register it with the app and start picking orders
Can I pay EMIs according to my delivery income?
Yes. Most lenders offer flexible EMI options so that you can select a plan according to your weekly or monthly income.