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Two wheeler loan for women

How to Get a Two-Wheeler Loan for Women: A Guide

Two wheeler loan for women

Key Highlights

  • Two-wheeler loan for women is a convenient and easy way to own a bike without paying the full amount upfront.
  • Shriram Finance offers two-wheeler loans with competitive interest rates and flexible repayment options.
  • The borrower can choose from loan tenures ranging from 12-36 months.

To be eligible for a two-wheeler loan for women, the borrower must be a resident Indian in the 21-59 age group with a consistent source of income.

These days, we are getting to see women boldly taking their place on the roads, embracing the independence that comes with riding a two-wheeler. To support the women who have embraced this freedom, lending institutions have introduced specialized two-wheeler loan schemes designed exclusively for women. These financial solutions not only help women to achieve their dream of owning a two-wheeler but also empower them by providing convenient access to affordable financing options.

Not everyone can afford to buy a vehicle with full cash payment. This is where the brilliance of a two-wheeler loan for women comes in. In this blog, we will discuss the steps to avail a two-wheeler loan, including benefits and eligibility criteria. Keep reading to find out how to avail a two-wheeler loan from Shriram Finance.

Two-wheeler Loans Explained in Detail

A two-wheeler loan for women is a type of secured loan where the bike purchased is kept as collateral. It can be used to purchase a new or a used bike.

The amount and the tenure depend on the bike's price, the borrower's income and the lender's policies. Usually, the loan amount can range from ₹10,000 to ₹2,00,000 and the tenure can range from 12 months to 36 months.

The interest rate on a two-wheeler loan for women may vary depending on the lending institution as well as the borrower. The interest rates for Shriram Two-Wheeler Loan start from 11.5% p.a.

Borrowers can easily use two-wheeler loan calculators available online to calculate the details of their EMIs. Input key details such as the loan amount, interest rate, and tenure to instantly estimate your monthly repayments. EMI calculators empower you to make informed decisions, plan your finances, and assess the affordability of a loan, ensuring that it aligns with your financial goals and capabilities.

Benefits of a Two-Wheeler Loan for Women

A two-wheeler loan offers several benefits specifically tailored for women, including:

  1. Convenient: It allows the borrower to purchase the bike and repay the loan amount in easy instalments.
  2. Easily Available:The processof availing a two-wheeler loan for ladies is simple and completely online.
  3. Flexible Repayment Options:Enjoy the flexibility of choosing Two-Wheeler loan tenures of up to 3 years and customizable EMIs based on your budget, making repayment easier and more convenient for you as a borrower.

Steps to Avail a Two-wheeler Loan for Ladies

To avail a two-wheeler loan for ladies, follow these steps:

Step 1: Choose the bike

Step 2: Check if you are eligible for loan

Step 3: Apply for the loan

Step 4: Submit the required documents

Step 5: Verification

Eligibility Criteria for Two-Wheeler Loans for Women

The eligibility criteria for Shriram Two-Wheeler Loan are as follows:

  1. Age: Between 21 and 59 years
  2. Employment: Should be a salaried employee for at least 1 year or self-employed for at least 2 years
  3. Residency: Should be a resident Indian

Please note there may be additional criteria depending on the borrower and the lending institution.


A two-wheeler loan for women is an excellent option for women who want to purchase a bike but cannot pay the full amount upfront. It offers financial freedom and flexibility to live our lives on our own terms.

Shriram Finance offers two-wheeler loans for women with competitive interest rates and flexible repayment options. Check it out and apply today!


1. What are the loan options available for housewives?

Housewives have various loan options available to them, depending on factors like their spouse's income, credit history, and collateral. Options such as personal loans, gold loans, or joint loans with their spouse can be explored.

2. Can a housewife get a bike loan?

Yes, a housewife can get a bike loan. But, as one of the eligibility criteria requires a consistent source of income, they should apply jointly with a co-applicant.

3. How does credit report impact two-wheeler Loan approval process?

A good credit score shows that the borrower is trustworthy. Lending institutions will be more willing to offer two-wheeler loans at lower interest rates if you have a good credit score. On the flip side, if the borrower has a low credit score, the lending institution will charge a high interest rate.

4. What documents are required for a housewife to apply for a loan?

Required documents for a housewife loan application typically include identity proof, address proof, and additional documents specified by the lending institution.

5. Can a housewife get a loan without a co-applicant?

While having a co-applicant improves loan approval chances, some lending institutions offer loans to housewives without a co-applicant. Loan terms, eligibility criteria, and interest rates may vary.

Get a two wheeler loan at low interest rates