What is the maximum loan amount I can get as a pensioner for a two-wheeler?

The maximum loan amount pensioners can avail for purchasing a two-wheeler depends primarily on monthly pension income, repayment capacity, and the on-road cost of the two-wheeler. Usually, the loan amount is capped at a certain percentage of the pensioner's gross annual pension received after accounting for any down payment.

Typically, most lending institutions offer a maximum loan amount of between 80% and 95% of the gross annual pension for pensioners buying a two-wheeler after considering the pensioner's down payment contribution. Some loan providers even offer up to 100% of the two-wheeler's on-road price as the loan amount.

The higher end of the approved loan amount will be granted if the pensioner has an existing good credit and repayment record.

Some financial institutions may offer higher loan amounts based on existing relationships, income proof, credit profile, and two-wheeler model. However, amounts above a certain limit require solid eligibility credentials.