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A Used Two Wheeler Loan is a smart financing option designed for those looking to purchase a pre-owned bike or scooter without straining their budget. Unlike regular Two Wheeler Loans that apply only to brand-new vehicles, this loan is designed for those who want a cost- effective alternative without compromising on quality.
Whether you are a first-time buyer, need an additional vehicle for daily use, or simply want a reliable vehicle at a lower cost, our Used Two Wheeler Loans makes ownership easy and affordable. With competitive interest rates, convenient repayment options, minimal paperwork, and quick approvals, our loan makes it easier than ever to own a quality used bike or scooter. Whether you need a reliable scooter for city rides or a sturdy motorcycle for longer trips, choose from a wide range of used bikes and scooters and ride stress-free with our hassle-free financing.
| Schedule of Charges | Charges (inclusive of GST) |
|---|---|
| Processing Fees | Maximum up to 10% |
| Penal Charges | 36% per annum on unpaid installment |
| Foreclosure Charges | a) Remaining Loan Tenure is <=12 months: 3% on principal outstanding b) Remaining Loan Tenure is from >12 to <=24 months: 4% on principal outstanding c) Remaining Loan Tenure is >24 months: 5% on principal outstanding |
| Other Charges | |
| Cheque Bounce Charges | Maximum Rs.750 |
| Duplicate NDC/NOC Charges | Rs.500 |
Indian
18 - 65 years
Active
Minimum 1 year
A Used Two Wheeler Loan helps you buy a pre-owned motorcycle or scooter, spreading the cost of the vehicle over a fixed period, making it easier to manage your finances while enjoying the benefits of owning a two wheeler.
Approval typically happens within one day once all documents are submitted.
Flexible tenures from 6 to 60 months are available to suit your financial situation.
Generally, we finance Used Two Wheeler Loans vehicles up to ten years old including the current loan tenure.
At TVS Credit, self-employed or salaried individuals are eligible to apply for a Two Wheeler Loan. Check out the eligibility criteria for the Used Two Wheeler Loan.
You can click here to check the documents required to avail a Used Two Wheeler Loan.
