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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!
Understanding OTO Two-Wheeler Loan Interest Rates
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.
Get Your Dream Bike Today
Calculate your EMI instantly with rates starting from 10.5% per annum.
Calculate Your EMI Now
Avail loan in 4 simple steps
1
2
Select your loan offer
Choose from available offers
3
Complete instant V-KYC online
Verify your identity
4
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
Ideal for city commuting, get a loan for the latest scooters from various manufacturers.
Motorcycles
From entry-level bikes to premium commuter motorcycles, finance your ride with OTO.
Superbikes
We also offer specialized loan options for high-end superbikes with potentially different interest rate structures.
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.
Documents Required
To process your OTO Two-Wheeler Loan application smoothly, you will generally need to provide the following documents:
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?
