Two-Wheeler Loan - Cheema Capital | Ride Your Dream Bike

Two-Wheeler Loan Overview

A two-wheeler loan is a secured loan that helps you finance the purchase of a new motorcycle, scooter, or any other two-wheeler. It allows you to ride your dream bike today while paying for it in affordable monthly installments.

At Cheema Capital, we offer two-wheeler loans with competitive interest rates, minimal documentation, and quick processing to help you get on the road with your new two-wheeler in no time.

Loan Amount

₹20,000 - ₹5,00,000

Interest Rate

Starting from 9.50% p.a.

Tenure

Up to 5 years

Processing Time

As quick as 24 hours

Features & Benefits

Competitive Interest Rates

Enjoy affordable interest rates starting from just 9.50% p.a.

Flexible Repayment Tenure

Spread your repayment over a period of up to 5 years to keep EMIs affordable.

High Loan Amount

Finance up to 95% of your two-wheeler's on-road price.

Minimal Documentation

Simple and streamlined documentation process for faster approval and disbursement.

Quick Processing

Get your loan approved in as little as 24 hours with our fast-track processing.

No Foreclosure Charges

Prepay your loan partially or fully without any additional charges after 6 months.

Eligibility Criteria

Age between 21 and 65 years
Minimum monthly income of ₹15,000
Stable employment or business for at least 6 months
Good credit score (preferably 650+)
Indian citizen with valid ID proof
Residence/office should be in our serviceable areas
Should not have any major defaults in the past

Required Documents

Identity Proof (Aadhaar Card, PAN Card, Voter ID)
Address Proof (Aadhaar Card, Utility Bills, Rental Agreement)
Income Proof (Salary Slips, Form 16, ITR)
Bank Statements for the last 3 months
Employment Details (Appointment Letter, Business Proof)
Proforma Invoice of the two-wheeler from the dealer
Passport-sized photographs
Driving License (if available)

Application Process

Fill the Application Form

Complete our simple online application form with your personal and vehicle details.
Document Submission

Upload the required documents for verification and processing.
Verification & Credit Assessment

Our team will verify your documents and assess your creditworthiness.
Loan Approval

Upon successful verification, your two-wheeler loan will be approved.
Disbursement to Dealer

The loan amount will be directly disbursed to the dealer, and you can ride home your new two-wheeler.

Frequently Asked Questions

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

The maximum loan amount depends on your income, repayment capacity, and the two-wheeler's value. Generally, we finance up to 95% of the on-road price of the two-wheeler. Our loan officers can provide a personalized assessment based on your specific situation.

How long does the two-wheeler loan approval process take?

The approval process typically takes as little as 24 hours after submission of all required documents. However, this timeline may vary based on verification and other factors specific to your application.

Can I prepay my two-wheeler loan?

Yes, you can make partial or full prepayments on your two-wheeler loan after 6 months from the date of disbursement. We offer flexible prepayment options with no prepayment charges. Prepaying your loan can help reduce the interest burden and loan tenure.

Do I need to pay any processing fees?

Yes, there is a nominal processing fee which is typically 1% to 2% of the loan amount. This fee covers the administrative costs associated with processing your loan application. The exact fee will be communicated to you during the application process.

Can I get a loan for a second-hand two-wheeler?

Yes, we do offer loans for second-hand two-wheelers that are not more than 5 years old. However, the loan amount, interest rate, and tenure may differ from those for new two-wheelers. Additional documentation like RC book, insurance, and valuation certificate will be required.