active
Two Wheeler Banner
Quick Approval, High Financing and More! Explore the Ton of Features of
Shriram Two Wheeler Loan

I/We hereby furnish my consent to SFL to share and/or fetch any of my/our information.

stickyTab

Two-wheeler Loan: Features and Benefits

Shriram Two-wheeler Loan offers a variety of appealing features and benefits that make it a compelling choice for people looking to finance their two-wheelers. With attractive interest rates, starting at 10%* p.a. and a loan amount of up to 95% of the on-road price of the selected make and model, our two-wheeler loan brings you one step closer to your dream of owning a bike. Plus, with a range of tenure options, from 12 to 60 months, Shriram Two-wheeler Loan makes repayment easy.

Apply online today and enjoy the thrill of the ride on your new two-wheeler!

Key Features of Two-wheeler Loan

Here are some of the most compelling features of Shriram Two-wheeler Loan:

recurring deposit

High Financing Limits

Shriram Finance provides up to 95% financing on the on-road price of your chosen two-wheeler. This helps you purchase your dream bike without making a large down payment.

Paper

Easy Application Process

Our digital and user-friendly process can be completed in just a few steps and minimal documentation.

paymoney

Loan EMI Calculator

Our handy two-wheeler loan EMI calculator helps you work out your EMIs in seconds and plan your finances effectively. It also provides a complete picture of the total interest payable over the chosen tenure.

Apartment

Wide Branch Network

We have over 2800 branches all over the country to serve you better.

Benefits of Two-wheeler Loan

Take a look at some of the benefits of choosing Shriram Finance for all your two-wheeler financing needs:

Complaint

Minimal Documentation

Save time with less paperwork and documentation and choose the bike you desire with more care.

Paper

Quick Approvals

Once your eligibility and documents are verified, we approve your loan quickly and start the disbursal process.

recurring deposit

Competitive Interest Rates

Our two-wheeler loan interest rates start at just 10%* p.a. helping you save on the total interest you pay.

Loan repayment

Flexible Repayment Tenure

With tenure options ranging from 12 to 60 months, you can choose a term that fits your finances well.

Why Choose Shriram Two-wheeler Loan?

Besides a simple application process and high financing limits, there are multiple other reasons to choose us for your two-wheeler financing requirements:

    • Convenience and Accessibility:

      Our loan application is designed to be convenient for you. Apply from your home or on the fly with our user-friendly application process.

    • Reasonable Eligibility Terms:

      Our two-wheeler loan caters to salaried and self-employed individuals alike. Our eligibility criteria are simple, ensuring anyone can apply without hesitation.

    • Transparency and Trust:

      At Shriram Finance, we believe in complete transparency. This is why we disclose our rates and charges upfront, helping you make informed borrowing decisions.

Two-wheeler Loan: Features and Benefits FAQs

Is there any GST benefit on two-wheeler loans?

Borrowers of a two-wheeler loan pay GST on processing fees, prepayment charges and other loan charges. But there is no GST on the loan amount or EMIs.

Can I get a GST refund on a two-wheeler loan?

No. You cannot get a GST refund on a two-wheeler loan. GST is the tax on goods and services. This does not include loan amounts. But if you’re a business owner, you may be able to claim income tax benefits on the interest paid as a part of your business expense.

What is a pre-approved two-wheeler loan?

A pre-approved two-wheeler loan is a loan that has already been approved even before the borrower applies. Pre-approved offers are often made to eligible customers, typically with a good credit history.

Is a pre-approved two-wheeler loan good?

A two-wheeler loan that has been pre-approved can often further simplify the process of application and approval. But always check the interest rates and loan terms before applying.

Is it a good decision to buy a two-wheeler on EMI?

Buying a two-wheeler on EMI can be a smart decision if you cannot pay the entire price of the vehicle upfront but are comfortable making monthly payments. It can help you realise your dream of bike ownership without having to wait till you arrange for the entire amount.

Can I buy a two-wheeler on EMI without income proof?

You may be eligible for a two-wheeler on EMI without income proof if you apply with a co-applicant who can show stable income. You also need to have all the other documents handy and meet the eligibility criteria.

Low Processing Charges & Quick Loan Disbursals on Two-Wheeler Loan