OTO Two Wheeler Loan Interest Rates

Get Your Dream Ride with OTO Two-Wheeler Loan - Attractive Interest Rates! Ready to hit the road on your own two wheels? OTO offers convenient and affordable Two-Wheeler Loans with competitive interest rates and flexible repayment options. Find out everything you need to know right here!

Instant Cash Loan Banner

    Understanding OTO Two-Wheeler Loan Interest Rates

    Feature
    Details
    Starting Interest Rate
    Starting from 8.99% p.a
    Interest on Super Bikes
    Minimum IRR: 9.55%, Maximum IRR: 16.99%, Average IRR: 10.58% (Jan-Mar 2025)
    Interest on Regular Bikes
    Minimum IRR: 9.99%, Maximum IRR: 26.03%, Average IRR: 19.28% (Jan-Mar 2025)
    Processing Fee
    Up to 2.5% of the loan amount (Nil for eligible Micro & Small Enterprises)
    Maximum Loan Amount
    Up to 100% of the on-road price*
    Repayment Period
    12 to 48 months

    Why Choose OTO for Your Two-Wheeler Loan?

    High Funding

    Get financing for up to 100% of the on-road price of your desired two-wheeler (on select models).

    Flexible Repayment Tenure

    Choose a repayment period that suits your financial situation, ranging from 1 to 4 years.

    Minimal Paperwork

    We aim for a hassle-free experience with minimal documentation required.

    Transparent Charges

    We ensure complete transparency with all loan-related charges communicated upfront.

    Competitive Interest Rates

    Benefit from our attractive interest rates, designed to make your EMIs affordable. Existing OTO customers might be eligible for special rates.

    Quick and Hassle-Free Process

    Enjoy a smooth loan application and disbursal process. Pre-approved customers can get approvals in as little as 15 minutes!

    Convenient Online Application

    Apply for your loan from the comfort of your home through our online portal.

    Extensive Branch Network

    Access our loan services through our wide network of over 3000 branches across India.

    Eligibility Criteria

    To be eligible for an OTO Two-Wheeler Loan, you generally need to meet
    the following criteria:

    • You should be a resident of India.
    • You should meet the minimum and maximum age criteria (typically 21 to 60 years).
    • You should have a stable source of income (salaried or self-employed).
    • You will need to provide valid KYC documents (ID and address proof) and income proof. Specific requirements may vary; please check with the bank.
    Documents required for New Car LoanDocuments required for New Car Loan

    Get Your Dream Bike Today

    Calculate your EMI instantly with rates starting from 10.5% per annum.

    Calculate Your EMI Now
    bike_cta

    Avail loan in 4 simple steps

    1
    Submit your details

    Submit your details

    Fill your details on the platform

    2
    Select your loan offer

    Select your loan offer

    Choose from available offers

    3
    Complete instant V-KYC online

    Complete instant V-KYC online

    Verify your identity

    4
     Get your loan disbursed

    Get your loan disbursed

    Submit application

    Explore Our Range of Two-Wheeler Loan Options

    No matter what kind of two-wheeler you are dreaming of, OTO likely has a loan solution for you.

    Scooters

    Scooters

    Ideal for city commuting, get a loan for the latest scooters from various manufacturers.

    Motorcycles

    Motorcycles

    From entry-level bikes to premium commuter motorcycles, finance your ride with OTO.

    Superbikes

    Superbikes

    We also offer specialized loan options for high-end superbikes with potentially different interest rate structures.

    EV Bikes

    EV Bikes

    OTO offers electric two-wheeler loans with lower rates under select schemes.

    Understanding Factors Influencing
    Your Interest Rate

    The interest rate offered to you might depend on several factors, including:

    • Your credit score and credit history.
    • The specific model of the two-wheeler.

    • The loan amount and the repayment tenure you choose.
    • Your existing relationship with OTO.
    Loan

    Documents Required

    To process your OTO Two-Wheeler Loan application smoothly, you will generally need to provide the following documents:
    Fee Type
    Details
    Identity Proof (any one of the following)
    • Passport
    • Voter's ID Card
    • Driving License
    • Pan Card
    • Aadhaar Card
    Address Proof (any one of the following):
    • Ration Card
    • Electricity Bill
    • Telephone Bill
    • Passport
    • Driving License
    • Aadhaar Card
    Address Proof (any one of the following):
    • For Salaried Individuals: Latest salary slips, bank statements.
    • For Self-Employed Individuals: Income Tax Returns, bank statements.

    Frequently Asked  Questions

    What is the starting interest rate for an OTO Two-Wheeler Loan?
    How much loan amount can I get?
    What is the typical repayment tenure for the loan?
    Is there any processing fee applicable?
    Do I need to be an existing OTO customer to apply for this loan?