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. To buy your dream vehicle today, apply to Muthoot Capital Services Ltd. for a two wheeler loan in Mumbai. 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.
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.
Special schemes to suit your needs.
Attractive interest rates.
We provide loans under income base, no income base, and asset proof base.
Hassle free loans
Easy and simple documentation
We provide loans up to 100%* for specific models under specific schemes
The two wheeler loan eligibility is simple. All you have to do is meet following eligibility norms to take a bike loan in Mumbai.
Salaried or self-employed persons.
Age between 18 (at the time of application) and 65 (at the end of the loan tenure)
Minimum net amount of Rs. 96000/- per annum for salaried profile
Minimum net profit of Rs. 1,20,000/- per annum for self-employed profile
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
There are multiple ways you can apply for a two wheeler loan in Mumbai.
The procedure to apply online for a bike loan is simple
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:
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.