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Bajaj FinservTwo-Wheeler LoansFixed Interest Rate

Bajaj Finserv Two Wheeler Loan

Up to 100% on-road financing available on select motorcycles and scooters · Flexible repayment options extending up to 60 months · Digital KYC and rapid disbursement within 24 hours

Starting rate11.99%p.a. onwards
Max LTV100%Asset value
Max tenure5 years60 months
Customize this example for your borrowing needs.
Customize repaymentApply on Bajaj FinservBank site · opens in a new tab
Mathematical Grounding

True Cost & Day-1 Cash Breakdown

Representative scenario for ₹1,50,000 loan over 5 years at CIBIL 750+.

Day-1 Upfront Cash Outflow₹5,310

This cash must be paid out-of-pocket before disbursement and is not added to your loan EMI.

Processing Fee₹4,500
18% GST₹810
Legal & Valuation₹0
Estimated Monthly EMI₹3,336Per month for 60 installments
Total Lifetime Interest₹50,160Net interest outgo over 5 years
Total Lifetime Outgo (Principal + Interest + Day-1 Cash):₹2,05,470
CredSutra Intelligence

Decision Verdict & Mathematical Edge

Our algorithmic evaluation balances starting benchmark spreads against upfront processing loads and fine print restrictions.

Maths for it

  • +Reputable lending network of Bajaj Finserv with predictable servicing and flexible tenures.
  • +RBI-mandated 0% prepayment penalty: Accelerate principal amortization without exit penalties.

Maths against

  • −Processing fee of 3% (cap ₹4,500) + 18% GST adds to initial disbursement overhead.
  • −Self-employed applicants face a +40 BPS (0.40%) risk adjustment spread over base card rates.
  • −Steep CIBIL risk pricing ladder: Borrowers scoring below 700 may be charged up to 19.00%.
Customize this scenario
Credit Score Sensitivity

CIBIL Tier Rate Ladder

Self-employed risk loading: +40 BPS
CIBIL score bandBorrower tierIndicative salaried rateIndicative self-employed rateEst. monthly EMI (₹1,50,000)
750 – 900Prime borrower11.99% – 14.50%12.39% – 14.90%₹3,336
700 – 749Good standing14.50% – 17.00%14.90% – 17.40%₹3,529
650 – 699Standard / fair17.00% – 19.00%17.40% – 19.40%₹3,728
Contract Details

Contract Fine Print & Clauses

Rate Reset Frequency

Fixed rate contract for entire loan tenure

Overdraft / Smart Saver Facility

Not available on this product tier

RBI 0% Foreclosure Penalty Mandate

Under RBI Master Directions, no bank, HFC, or NBFC can charge prepayment penalties or foreclosure charges on floating rate term loans sanctioned to individual borrowers.

Bank notes: Part-prepayment and full foreclosure allowed after payment of first EMI with 4% fee.

Borrower Verification

Eligibility Highlights

  • Age 21 to 65 years
  • Minimum monthly income ₹15,000
  • Resident of current address for at least 1 year
Loan amount range

₹25,000 up to ₹5,00,000

Lender Alternatives

Compare alternatives in Two-Wheeler Loans

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TVS Credit Services

TVS Credit Two Wheeler Loan

Starting at 12.50% p.a.
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Hero FinCorp

Hero FinCorp Two Wheeler Loan

Starting at 13.00% p.a.
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HDFC Bank

HDFC Bank Two Wheeler Loan

Starting at 14.50% p.a.
Read review

Frequently Asked Questions

What is the current interest rate and benchmark spread for Bajaj Finserv Two Wheeler Loan?
Bajaj Finserv Two Wheeler Loan offers interest rates starting from 11.99% up to 19.00% p.a., structured as Fixed Interest Rate.
Are there prepayment or foreclosure charges on Bajaj Finserv Two Wheeler Loan?
Under RBI Master Directions, banks and lending institutions are strictly prohibited from charging prepayment or foreclosure penalties on floating-rate retail loans to individual borrowers. Part-prepayment and full foreclosure allowed after payment of first EMI with 4% fee.
What is the Day-1 upfront cash requirement for Bajaj Finserv Two Wheeler Loan?
For a representative principal of ₹1,50,000, the total Day-1 upfront cash outflow is approximately ₹5,310, comprising ₹4,500 processing fee + ₹810 GST (18%) + ₹0 estimated legal and valuation inspection charges.

These loan records do not include a verification date. Check the lender’s current terms before applying.

Official Sources & Citations
Sources
  • bajajfinserv.in
  • RBI Master Directions for Non-Banking Financial Companies (NBFCs)
  • RBI Regulatory Framework for Retail Loan Interest Rate Resets