Two Wheeler Loan in Mumbai

Mumbai is the financial capital of India, and the city attracts people from different corners of the city and world. Communting is one of the biggest faced by Mumabikers. Buying a scooter or bike on loan in Mumbai is not difficult and can make your daily commute easy. Avail a two wheeler loan in Mumbai from Muthoot Capital. The loan ensures that your savings are not used up and you can pay for your two wheeler over a period of time. Once the repayment is complete the papers will be transferred to your name, and ownership will be yours.

Features & Benefits: Two Wheeler Loan in Mumbai



Two wheeler loans are easy to get as the eligibility criteria is often simple. You get to own a scooter or bike on loan in Mumbai and use it by paying a small EMI every month comfortably.

Flexible repayment options, ranging from 12 to 48 months.

Flexible repayment options, ranging from 12 to 48 months.

Special schemes to suit your needs.

Special schemes to suit your needs.

Attractive interest rates.

Attractive interest rates.

Quick approval

Quick approval

We provide loans under income base, no income base, and asset proof base.

We provide loans under income base, no income base, and asset proof base.

Hassle free loans

Hassle free loans

Easy and simple documentation

Easy and simple documentation

We provide loans up to 100%* for specific models under specific schemes

We provide loans up to 100%* for specific models under specific schemes

Eligibility Criteria Required for Two Wheeler loans in Mumbai

The two wheeler loan eligibility is simple. All you have to do is meet following eligibility norms to take a bike loan in Mumbai.

01

Salaried or self-employed persons.

02

Age between 18 (at the time of application) and 65 (at the end of the loan tenure)

03

Minimum net amount of Rs. 96000/- per annum for salaried profile

04

Minimum net profit of Rs. 1,20,000/- per annum for self-employed profile

Documents Required for Two Wheeler Loan in Mumbai

Two wheeler loans in Mumbai are available with minimum documentation. The important documents required for two wheeler loan are as follows:

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

How to Apply for Two Wheeler Loan in Mumbai?

There are multiple ways you can apply for a two wheeler loan in Mumbai.

Apply Online for Two Wheeler Loan in Mumbai

The procedure to apply online for a bike loan is simple

  • Go to the top navigation and click on apply now.
  • Once the application form opens, fill in your name, email address and phone number.
  • You will receive an OTP or One Time Password on your phone. Fill out the OTP on the form.
  • You will then be requested to choose your preferred brand, click continue.
  • Choose the state you reside in and once again, click continue.
  • On the next screen, use the slider to fill in the income details and the loan amount you require.
  • Now, choose gender and date of birth, while ticking on the box provided to accept Muthoot Capital Services Ltd.’s privacy policy.
  • You will receive an SMS with a reference number. Use this reference number to follow-up on your inquiry.

Apply Physical or Offline for Two Wheeler Loan in Mumbai

Our representatives are trained to help you understand the two wheeler loan, fill the application form and apply for the loan as per the required procedures. You can approach them at the:

  • Muthoot Fincorp Branches - A representative will help you with filling the forms, documentation process, etc.
  • Two Wheeler Dealership - Meet our representative at the dealership from where you are buying the two wheeler. They will help you fill out the bike loan application form as required.
  • Call us - You can reach out to us on 1800 102 1616 for the complete guidance.

EMI Calculator

Use our bike loan EMI calculator to calculate your monthly instalment in the shortest time possible. It will help you judge your repayment capacity and help you decide the loan amount and tenure best suited to your needs.

Scooters and bikes usually have a high resale value and you may think of selling the vehicle once the repayment is made and buying a higher-end vehicle. With a bike loan, you can upgrade your lifestyle easily. You can pay off your loan in comfortable instalments and build a healthy credit score in the process. A good credit profile can help you get other loans in the future with a favourable rate of interest. Muthoot Capital has schemes to meet the varied requirements of individuals of Mumbai.

EMI Calculator

Loan

Tenure (Months)

Tenure

Interest Rate

%

Monthly EMI

₹ 1750

EMI Calculator

Loan

Tenure (Months)

Tenure

Interest Rate

%

Monthly EMI

₹1750

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