Two-wheeler loan interest rates generally range from 10% to 18% depending on the lender, your credit profile, and whether the vehicle is new or used. Bank loans tend to offer lower rates (10-14%) compared to NBFCs and dealer financing (14-18%). Having a good credit score and an existing relationship with the lender can help you secure a better rate.

Most lenders offer two-wheeler loan tenures ranging from 12 to 48 months, with 36 months being the most common. Some lenders may offer up to 60 months for premium motorcycles. Shorter tenures are recommended because the total interest cost on a small loan adds up quickly, and two-wheelers depreciate rapidly.

Lenders typically require a 10-30% down payment on two-wheeler loans. For a $3,000 bike, that means $300-$900 upfront. A larger down payment reduces your loan amount and EMI, and may also help you negotiate a better interest rate. Some promotional offers from manufacturers or dealers may feature zero down payment schemes.