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

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 Scooter Loan?

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