Can I get a 5-year loan without a down payment?

Yes, it is possible to get approval for 5-year two-wheeler loans without requiring any down payment, as there are zero down payment loan options available. Here are some points:

• Several banks, Non-banking Financial Companies (NBFCs) and fintech lenders offer zero down payment loans with flexible tenure options of up to 5 years.
• These loans can cover new and used two-wheeler financing with no need for any upfront deposit.
• Interest rates can be higher compared to regular loans for the same tenure.
• Eligibility criteria in terms of credit score, income proof and repayment capacity remain similar.
• Zero down payment options are more commonly available for salaried individuals and self-employed customers who can show regular income proof.
• Overall documentation requirements for Know Your Customer (KYC), income proof, etc. remain largely the same.