Can students with no credit history get a bike loan?

Yes, students with no credit history can get bike loans by having a co-signer with strong credit. Lenders mainly consider the co-applicant's income stability, assets, and credit score above 700 in determining loan eligibility and terms.

Since the co-applicant assumes the risk, interest rates are based on their creditworthiness alone, not the student's lack of credit. The student simply needs to provide proof of identity and co-sign the loan application.

The loan amount sanctioned also depends on the co-applicant’s qualifications.

So, a responsible co-applicant with good income and top-tier credit can help students with no credit history gain approval for two-wheeler loans, usually on par terms with other borrowers.