Documents required to apply for two wheeler loans in India

Bike finances are a great way to ease the financial pressure. It makes the whole process much more hassle-free. India has become a home for many potential bike enthusiasts who are relying on two-wheeler loans to buy their dream two-wheeler.

Most popular places to avail of used-bike loans

You can get financing to purchase a used motorcycle from the following -

Dealer financing

You can get direct loans from dealers who specialize in second-hand bikes where repayment depends on your credit profiles and reports.

OEM financing

Certain known manufacturers offer exclusive financing options on their vehicles. You can avail of these offers and repayments will be determined according to your repayment ability

Here we discussed the documents required to apply for both new and used-two-wheeler loans in India

KYC documents for proof of identity and residence

When you are applying for a two-wheeler loan, identity and address proof records are a non-negotiable aspect of the paperwork process. The lender ensures that you are a legitimate individual who requests a two-wheeler loan for purchasing a vehicle. Only a  government document should be produced as evidence, such as your driving license, Aadhaar card, passport, voting card, ration card, pan card, or another card. These documents should show your name, address, and photo for cross-verification with the passport photo. 

  •  Most acceptable Identity proofs
  • Voter id card issued by Election Commission of India 
  • Driving license
  • Passport
  • Aadhaar card
  • Job card issued by NREGA duly signed by an officer of the State Government 
  • Letter issued by the National Population Register containing details of name & address

Most acceptable address proofs

  • Utility bill, in the name of customer, which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped gas/gas passbook, water bill).
  • Property or Municipal Tax receipt, in the name of customer
  • Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address
  • Letter of allotment of accommodation from employer issued by State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies and leave and license agreements with such employers allotting official accommodation.

Income proof

If you are a salaried employee, you are required to submit salary slips from the present company. In the case of a self-employed person or an individual business owner, your income proof can be a bank statement and other relevant documents. The evidence of your steady revenue would provide the lender with the guarantee that you will repay the loan without any hassles. 

Here is the list of most acceptable income proofs

  • 3 months Bank Statement / Latest ITR for Self Employed
  • 3 months’ salary slip/ 3 months bank statement with salary credit/ Form 16 for Salaried.
  • Passport size photograph

As proof of identity, you need to upload your recently clicked passport-sized photograph. These are the documents you will need to apply for a two-wheeler loan.


New and advanced two-wheeler models enter the market every day, and their demand is not declining by any measure. The borrower should be well-informed about the terms and conditions to make the correct decision not to feel misled at any point in time.