New & Pre-Owned (Used) Scooter Loan
Apply For Scooter Loan

Scooter Loan

Wanted to drive an easy to learn and maintain two-wheeler? Scooters makes the best choice in this category. They have low fuel consumption with a minimal cost of maintenance. Now, get up to 100% finance of on-road price of the new or pre-owned scooters with easy to pay monthly installments.

Features & Benefits

Attractive Interest
Rates
24*7 Online Loan
Processing
Quick Disbursal
Easy EMIs
New Scooter Loan
New Scooter Loan
Offered Interest Rate
Starting at 7% P.A.
Maximum Tenure
Upto 7 Years
Loan Amount
Rs.50,000 Onwards
Processing Fee
Starting at 0.25% of loan amount
Apply For New Scooter Loan
Used Scooter Loan
Used Scooter Loan
Offered Interest Rate
Starting at 9.60% P.A.
Maximum Tenure
Upto 7 Years
Loan Amount
Rs.50,000 Onwards
Processing Fee
Starting at 0.25% of loan amount
Apply For Used Scooter Loan

Scooter Loan - Why to opt for a scooter loan?

A scooter provides an economical and convenient means of commutation. Although, to own a scooter, it is recommended to opt for a scooter finance. This allows the customer to enjoy easy rides on the scooter by paying the calculated monthly installments. The deciding factors for a scooter loan are the type of vehicle (new or used), model, repayment tenure, applicant's net income, source of income, employment type and credit score.

Lenders Offering Scooter Loan

  • PayMe India

Frequently Asked Questions

What are the documents required for a scooter loan?

Mentioned below is the required set of documents:

  • KYC-PAN, Address & ID proof
  • Income proof (Salary slips and Form 16 or IT Return), Bank Statement and One Photograph

What are the tenure options available for a scooter loan?

The options available are from 1 year (12 months) to 7 years (84 months).

Can I get a loan for the purchase of a used scooter?

Yes, you can get a loan for the purchase of a pre-owned scooter. However, it is difficult to get a loan against a scooter that is more than 10 years old.

What is the maximum amount I can borrow for the purchase of new/used scooter?

You can get finance of up to 100% for the purchase of a new or used vehicle. The deciding factor for the purchase of a new car is the customer's profile. Whereas, for a used car the finance is decided based on the age, condition, kilometers driven by the vehicle.

What is the minimum income required for an employed professional, to apply for a scooter loan?

The net monthly income should be Rs.12,500/- and net annual income of 1.5 lakhs.

Can I pre-pay the loan amount?

Yes, you can pre-pay the loan amount before the completion of deputed timelines.

How do I approach Droom Credit for a Car Loan?

  • Apply Online.
  • Write to us using the Contact Us.
  • car-loan-Call us at our 24-hour Customer Care (1800 407 070707).