Bike loan at Droom Credit makes it easy to own your dream two-wheeler. With competitive bike loan interest rates and flexible EMI plans, you can finance your new bike or used bike effortlessly. Use our bike loan calculator to estimate your EMIs and apply for quick approval today!
Droom Credit offers attractive bike loan interest rates for both new bikes and second-hand bikes. Whether you're interested in a sports bike, cruiser, or commuter bike, we have financing to fit your needs. With our easy-to-use two-wheeler loan calculator, you can estimate your monthly payments, loan amount, and tenure before applying. The bike loan EMI calculator provides clear insights into your repayment plan, making the process smooth and transparent. We also provide financing for used bikes on loan, making it affordable to own a pre-owned two-wheeler. By choosing Droom Credit, you can secure a two-wheeler loan with low interest rates and minimal paperwork. Fast processing and flexible terms ensure that you get your bike quickly. Apply now and ride away with your dream bike today!
Do I have the option to pre-pay the entire loan amount?
Yes, you can pre-pay the entire loan amount.
What is repayment schedule?
A document detailing the loan repayment schedule, including the amount of each installment, due dates and breakup between principal and interest components. It also provides the balance principal at every phase of the installment.
Is it essential to take a personal accident insurance, while purchasing a bike?
It is recommended to take a personal accident insurance, since riding a two-wheeler has a lot at stake in comparison to a four-wheeler.
How can I check my dues and foreclosure amount?
For this, the customer will receive SMS and mailer notifications every month on their registered mobile number and email address respectively. However, the customer can login to the account in order to check the present status, number of installments paid, remaining amount and foreclosure charges.
Are there some eligibility criteria for applying for a bike loan?
The applicant must be an Indian citizen above 18 years of age and has a stable source of income is eligible to apply for a bike loan.
Define the income (salaried and non-salaried professionals) terms for a bike loan applicant?
For salaried professionals, the employment must be of 1 year with at-least six months at your present employer. Whereas, for a self-employed professional who has been running the business for more than a year, can apply for the loan.
What is the range of loan tenure?
A customer is facilitated to apply for a bike loan for a tenure from 1-year (12 months) to 7 years (84 months).
Is there any limit to the loan amount?
An applicant can get up to 100% finance based on the customer's profile for the purchase of a new vehicle. Whereas, apart from the customer's profile factors like age, condition and value of the vehicle will define the loan amount.
How long does it take to get the loan disbursed?
It generally takes 2-3 working days for the disbursement of the loan amount.
How do I approach Droom Credit for a Car Loan?
