Whether it's a Hero Splendor for your daily commute, a Bajaj Pulsar for weekend rides, or a Royal Enfield Classic 350 to fulfil a long-standing dream — buying a bike is a big milestone for most Indians. But with on-road prices ranging from ₹80,000 to ₹3 lakh or more, paying the full amount upfront isn't always practical. That's where a bike loan (two-wheeler loan) makes things easier. In this guide, we cover everything you need to know about bike loans in India — interest rates from major banks, eligibility criteria, documents required, EMI calculation, and practical tips to get the best deal in 2026. How Does a Bike Loan Work? A bike loan is a secured loan where the bike itself acts as collateral. The lender finances a percentage of the bike's on-road price (typically 80–100%), and you repay it in monthly instalments (EMIs) over a fixed tenure. Here's the basic structure: Down payment: 0–20% of on-road price (varies by lender and your profile) Loan...