Two Wheeler Loan Eligibility Criteria simplified by Muthoot Capital

Need a bike loan, but the thought of applying for it has been putting your plans on hold? At Muthoot Capital, getting finance for your two-wheeler will not be a nightmare with complex payment terms and paperwork. You can avail our loans for all kinds of two wheelers including bikes, scooters, and mopeds. Our Two wheeler loans are up to 100%* of the on-road price with interest rates as low as 0.99%* pa. You can visit Muthoot Fincorp branch to get a loan for your dream bike or click apply now to get one now.

We offer you quick and hassle-free finance with our simple two-wheeler loan eligibility criteria.

Who Will Meet the Muthoot Capital Two Wheeler Loan Eligibility!

With Muthoot Capital’s customer-centric scooter or bike loan eligibility criteria and repayment terms, you can focus on what is important - buying the two wheeler of your dream. Our processes are simple and easy to meet. Our God-given legacy of trust, truth, transparency and tradition allows us to offer the loan to a diverse mix of people.

Listed below are individuals who can apply for a loan with Muthoot Capital

  • We provide loans up to 100% for specific models under specific schemes*
  • Age between 18 (at the time of application) and 65 (at the end of the loan tenure)
  • Individuals earning an annual income or INR 96,000 or businesses with an annual profit of INR 1,20,000. You need to be older than 18 years of age at the time of applying for the loan and at the time of repayment; you should be 65 years of age.

If you meet our eligibility criteria, walk-in to any of MuthootFincorp branches or contact our customer care representative to help you. They can also help you with queries and provide clarifications to all your concerns. Our straightforward eligibility will help you bring home your first bike or the bike of your dreams, in the shortest time possible.

Documents Required to Suit Your Two Wheeler Loan Eligibility

You can prove your two wheeler loan eligibility with proper documents which verify your age, income and residency.

  • Valid identity proof: Any one of passport / Aadhaar card / voters ID card / driving license / PAN card
  • Valid address proof: Any one of passport / Aadhaar card / voters ID card / driving license / telephone bill / electricity bill / gas connection bills / ration card/ LIC policy.
  • Income proof: ITR / form 16 / pay slip / salary credit in bank statement
  • Asset proof: Latest land / building / house tax receipt
  • Recent passport size photo

Tips for Improving Your Two Wheeler Loan Eligibility

Though it is necessary to meet all the eligibility criteria mentioned above, there is no need to feel disappointed if you do not meet the criteria. There are several steps you can take to improve your eligibility and get a loan approved by us.

You can follow the steps mentioned below to increase your eligibility for a bike or scooter loan:

  • Choosing a longer tenure translates into a lower monthly installment, which improves eligibility while vastly increasing your chances of loan approval.
  • Increasing your CIBIL score will have a positive impact on your two wheeler loan eligibility. Steps you can take to make your score more robust include paying EMIs on time, managing your debts and maintaining a diversified credit mix.
  • Increasing your income source will greatly enhance your eligibility, as you will have more disposable income to repay the loan without defaulting.

How to Apply for a Two Wheeler Loan with Muthoot Capital

It is easy to apply for a two wheeler loan if you meet our eligibility criteria and have the required documents.

The process for applying for our two wheeler loan online:

  • Click on 'Apply Now'
  • Fill in your personal information
  • Fill in the OTP shared on your registered mobile number
  • Click submit
  • Choose the bike model
  • A customer care representative will get in touch to help you complete the process.

You can also call us directly at 1800 102 1616 or walk into your nearest MuthootFincorp branch.

EMI Calculator

Loan

Tenure (Months)

Tenure

Interest Rate

%

Monthly EMI

₹ 1750

EMI Calculator

Loan

Tenure (Months)

Tenure

Interest Rate

%

Monthly EMI

₹1750