Get Used and New Two Wheelers Mortgage Immediately – LoanTap

Revealed on : March 01, 2023

A  two-wheeler is ideal if you’re searching for a handy, inexpensive and dependable commuting choice. Relying in your alternative and price range, you’ll be able to go for a brand new or a used two-wheeler. 

Two-wheelers are the commute for the youthful era and LoanTap has ensured that the method of buy is made handy by creating tailor-made private loans. A two-wheeler mortgage from LoanTap will help you comfortably get the two-wheeler of your alternative.

What are two-wheeler loans? Who’s eligible for two-wheeler loans?

Two-wheeler loans are private loans that can be utilized to buy new or used two-wheelers. LoanTap has very cheap eligibility necessities. If you’re an Indian citizen or resident over the age of 21 years and earn a web month-to-month earnings of over INR 10,000, you might be eligible for a two-wheeler mortgage.

Course of  for making use of for a two-wheeler mortgage

LoanTap has created an especially user-friendly course of to get two-wheeler loans. It’s a fast, environment friendly and seamless technique that’s absolutely digital. LoanTap presents loans as much as INR 2,00,000 for brand new bikes and INR 1,00,000 for used bikes for tenures starting from 12-36 months.

Step 1-The primary motion it is advisable take is to obtain the LoanTap app in your cellular and fill out an internet utility with the requisite particulars.

Step 2- The subsequent step can be to add the required paperwork for proof of identification and handle. This contains –

  • PAN Card
  • Aadhaar Card
  • Wage Slip for the final month
  • Financial institution Assertion for the final three months

Step 3– As soon as that is achieved, the system will examine your utility and the supporting paperwork. If every little thing is present in order, the mortgage utility will likely be permitted.

Step 4– The mortgage sanction letter will likely be issued which could be submitted at your nearest showroom to choose up the brand new/used bike of your alternative.

All the course of from utility to funds is normally accomplished inside 24-36 hours. You’ll be able to repay the mortgage in EMIs over the mortgage tenure. You’ll be able to foreclose the mortgage after six months with none prepayment penalty.

Advantages of making use of for two-wheeler mortgage on-line

There are a number of advantages of making use of for a two-wheeler mortgage on-line. Allow us to have a look at among the benefits listed below-

  • Instantaneous Mortgage Sanction  – While you apply for a two-wheeler mortgage on-line, you get a mortgage sanction letter inside 24-36 hours which you should use on the nearest showroom to get the two-wheeler of your alternative.
  • 24/7 availability – Since LoanTap offers digital loans, you’ll be able to apply for them anytime regardless of working hours, weekends or public holidays. It is a large benefit over conventional loans and it provides you enough flexibility to plan your buy.
  • No bodily paperwork – No paperwork is required as your entire course of is digital. Aside from the net utility, nothing else is required which is sort of handy for debtors.
  • Nice buyer expertise –  The fully seamless course of offers clients with an excellent expertise as they don’t want to maneuver from their seats. It saves them a number of journeys to the lender and lengthy queues that normally accompany conventional loans.
  • Minimal documentation- LoanTap doesn’t demand too many paperwork from you. A few obligatory paperwork will suffice. (Record talked about above)
  • Cheaper than bank cards – Two-wheeler loans from LoanTap are cheaper than bank cards. Bank cards cost 2.5-3% monthly whereas private loans cost half the speed. It’s prudent to plan your big-ticket bills and use a private mortgage to finance the identical.


Two-wheelers are a very fashionable mode of commuting, particularly amongst children. In the event you face any monetary downside then take into account a two-wheeler mortgage. LoanTap presents tailor-made private loans that will help you give wings to your aspirations. The loans are supplied at very cheap phrases and could be comfortably repaid over the mortgage tenure. So, don’t be frightened if you’re falling in need of funds to purchase your first bike. LoanTap has you lined by providing you private loans as much as 80% of the on-road worth which you could repay over 36 months. Hurry! Obtain the LoanTap app as we speak! Drive away together with your favourite bike!