Two-wheeler Loan: Features and Benefits
Shriram Two-wheeler Loan is built around clear, borrower-friendly parameters. We offer interest rates starting from 10%* p.a., financing of up to 95%* of the on-road price, and repayment tenures from 12 to 60 months. Whether you are a salaried employee, a self-employed professional, or working in the unorganised sector, you can apply online through the Shriram Finance website or the Shriram One app or visit any of our 2,800+* branches across India.
Features of Shriram Two-wheeler Loan
The key bike loan features of Shriram Two-wheeler Loan are outlined below.
95% Financing of the On-Road Price
Shriram Two-wheeler Loan finances up to 95%* of the on-road price of your chosen two-wheeler. You pay the remaining amount as a down payment, which means you do not need to arrange the full purchase price upfront to bring your bike home.
For example, on a bike with an on-road price of ₹1,00,000*, the loan amount may be up to ₹95,000* — meaning a minimum down payment of approximately ₹5,000* gets you on the road.
Repayment Tenures from 12 to 60 Months
You can choose a repayment tenure between 12 and 60 months, based on what suits your monthly budget. A longer tenure reduces your EMI; a shorter tenure reduces the total interest you pay over the loan period.
To see exactly how your EMI changes across tenures, use our two-wheeler loan EMI calculator. For example, a loan of ₹ 80,000* at 10%* p.a. over 24 months works out to approximately ₹ 3,692* per month — less than most people spend on daily commuting by other means.
Online Application via Website or App
You can apply for Shriram Two-wheeler Loan entirely online through the Shriram Finance website or the Shriram One app. The process requires only basic documents and can be completed in a few steps.
2,800+* Branches Across India
For applicants who prefer to apply in person or need guidance at any stage of the process, Shriram Finance operates 2,800+* branches across India. Walk into your nearest branch for assistance with your two-wheeler loan application.
Benefits of Shriram Two-wheeler Loan
The key benefits of two-wheeler loan with Shriram Finance are outlined below.
Straightforward Documentation Process
Applying for Shriram Two-wheeler Loan requires standard KYC documents identity proof, address proof, and income proof. There is no requirement for extensive paperwork, which means your application moves faster through the verification stage. For the complete list of documents required, refer to the eligibility page.
Two-wheeler Loan Interest Rates Starting from 10%* p.a.
Shriram Two-wheeler Loan interest rates start from 10%* p.a. for new non-commercial two-wheelers, depending on your profile, loan tenure, and the vehicle's on-road price. The rate you receive is confirmed at the time of loan sanction and communicated in your loan agreement.
Loan Approval and Disbursal Process
Once you submit your documents, our team carries out a verification and eligibility assessment. On successful verification, we initiate the disbursal process. You will be notified of your loan status at each stage.
Build Your Credit History
Every EMI you repay on time is reported to credit bureaus. For first-time borrowers or applicants who are building their credit profile, a two-wheeler loan is a practical starting point. Consistent repayment over the loan tenure strengthens your credit score, which supports eligibility for larger loans in the future.
Why Choose Shriram Finance for Two-wheeler Financing?
The two-wheeler loan advantages Shriram Finance offers extend beyond rate and financing limits.
- Convenience and Accessibility: You can submit your two-wheeler loan application online from anywhere, or at any of our 2,800+* branches across India. Refer to the how to apply page for a complete walkthrough of the online application process.
- Reasonable Eligibility Terms: Shriram Two-wheeler Loan is available to salaried employees, self-employed professionals, and applicants from the unorganised sector. Eligibility is assessed based on age, income, and credit profile. Refer to the Two-wheeler Loan Eligibility page for complete criteria.
- Transparent Rates and Charges: All bike loan interest rates, processing fees, and foreclosure charges are disclosed upfront. Refer to the Interest Rates and Charges page for the complete schedule of fees.