Two Wheeler Loan Offers
Convenient and hassle free documentation
Two Wheeler Loan Online on Rubique - How it Works
We have partnered with leading banks and NBFC's to provide you a comprehensive range of two-wheeler loan options. Our unique matchmaking algorithm ensures that we match your requirements with available options and provide you the best results.
Offers are displayed sequentially to help you compare key features like interest rates, processing fees, tenure and features. So, you can make an informed decision.
Once you have compared and found the loan that is best suited to your requirements, you need to fill a detailed online application form. This is required to check your eligibility and process your application.
We also help you with end to end fulfilment, including documentation pick up and submission to the respective financial institutions. You can track the entire journey of your application by logging in to \"My Accounts\" section on the website.
All about Two Wheeler Loans - FAQ
What are the most important eligibility criteria for two-wheeler loans?
These loans are offered at attractive interest rates to both salaried and self-employed individuals who meet age and income eligibility criteria required by our lending partners.
What the maximum amount I can avail of?
You get 85-100% of the value of the vehicle to be purchased depending on whether you are salaried or self-employed and your existing relationship with the bank.
What tenure can I apply for?
Typically, 12 to 60 months.
What is the process of applying for a two-wheeler loan?
You start your eligibility check and receive your loan approval online in a couple of minutes. Once your loan is approved, our executives coordinate with you to complete your application form along with necessary documents like income proof, identity proof and any other documents the selected lender requires. It takes approximately 7 working days from application and receiving instant in-principle approval online to the disbursal of the loan.
Do two-wheeler loans require me to provide any security or collateral to the lender or bank?
Just like a home loan or car loan, your vehicle will be used as the collateral to secure your loan. When you take a two-wheeler loan your vehicle is hypothecated or pledged to the lender for the period of the loan.
Can I sell the vehicle I have used a two-wheeler loan to purchase?
You need to pay off your loan and obtain a No-Objection Certificate from the bank before you can sell your vehicle. This is required as your vehicle is hypothecated or pledged to the bank when you avail of the loan.
Will I be liable to pay any charges if my loan has been approved or disbursed but I cancel my plans to purchase the vehicle or avail of the loan?
Rubique.com offers you a free in-principle approval for two wheeler loans. The eligibility check with your selected lender is done online at no cost to you. At the time of submitting the application and documents to the banks or lenders for loan sanctioning, they may apply fees as per their policies. Charges vary across lenders and we help you evaluate the best option for you before you make your selection when applying for a two wheeler on Rubique.com.
Do I need to pay any charges towards availing a loan?
Rubique offers a free online eligibility check from banks and lenders you select. After you receive your in-principle approval, the selected bank or lender may apply processing fees for your loan application. We clearly mention fees and charges for each lender that you are eligible for so you can compare their fees and charges before choosing to apply.
Are there any charges applicable when I make a pre-payment towards my two-wheeler loan?
Most lenders and banks allow you to make pre-payments towards your loan although they may apply charges for this. Charges vary across lenders.
Are there any charges applicable when I foreclose my loan?
You will need to pay all outstanding dues against your loan before you foreclose it. Charges vary across lenders.
Can I get loan to purchase a bike? What types of bikes are the loans offered on?
Yes, most lenders offer loans to purchase new, used or second-hand bikes. Interest rates on used and second hand bikes are usually higher than those applicable when purchasing a new bike.
Can I negotiate for better interest rates for my two-wheeler loan?
It is in your best interest to get the lowest interest rate for the loan for your bike. Interest rates vary across lenders and can be negotiated based on your credit history and your relationship with the bank.
What documents do I need to submit to get my loan approved?
This depends on whether you have an existing relationship with the bank. Most lenders require a minimum of income proof, residence proof and identity proof to process your application for a loan to purchase a bike.
What is the processing time required for a two-wheeler loan?
When applying for a two wheeler loan on Rubique.com, you receive an instant approval. We then complete your application and get your loan disbursed within 7 days.