NO gurantor is required, a co-applicant is required if the applicant is between 18-21 years of age.

Decision on your two wheeler loan will be done within 2 minutes, we also have an online wesbite journey where in you can fill in the details and get an approval instantly. 

Yes, you can still avail a two wheeler loan from IDFC FIRST Bank.

IDFC FIRST Bank offers instant Two Wheeler Loans to both Salaried and Self-employed individuals.

1. Salaried individuals must be minimum 21 years of age at the time of application and should have completed minimum 6 months in their current job to qualify for our best two wheeler loan interest rate.                                       

2. Self-employed individuals and business owners should be minimum 21 years of age at the time of application. They should have been in business for minimum 2 years before you become eligible to apply. 

IDFC FIRST Bank provides a two wheeler loan on easy terms; through various channels. 

Via Digital Channels – You can fill in the application form through our mobile app or website and, if eligible, you can get an approval instantly. Our Sales Officer at empanelled dealerships will get in touch with you shortly for further processing. 

Via Partner Showrooms - You can also walk into any of our partner two-wheeler showrooms, where our representative will help you complete all required formalities, and inform you if you are eligible for a loan on the spot. Once your loan application is approved, you can ride out with the two-wheeler of your choice.

Yes, it is possible to obtain a Two Wheeler Loan online approval . We also offer one of the best two wheeler loan interest rates in the industry. You can either visit our website here, or download our mobile app from Google Play or Apple App Store, and fill in your details. We will check if you are eligible for our Two Wheeler loan interest rate, and provide you with an approval instantly, if eligible.

No. You don't need to visit our branch to get access to our best two wheeler loan interest rate. You can get Two Wheeler Loans from –

Via Digital Channels – You can fill in the application form through our mobile app or website and, if eligible, you can get an approval instantly. Our Sales Officer at empanelled dealerships will get in touch with you shortly for further processing. 

Via Partner Showrooms - You can also walk into any of our partner two-wheeler showrooms, where our representative will help you complete all required formalities, and inform you if you are eligible for a loan on the spot. Once your loan application is approved, you can ride out with the two-wheeler of your choice.

Yes, your Two-Wheeler Loan can be forclosed by paying 5% at the point of sale.

You will need to repay your Two Wheeler Loan through Equated Monthly Instalments or EMIs, wherein you pay a fixed amount each month, until your loan is repaid. Every instalment of the loan that you repay will be partly made up of principal repayment and partly of interest payment. Once you complete your loan repayment, you can apply for the removal of hypothecation on your vehicle and you will gain complete ownership.

Hypothecation is the process wherein you pledge the ownership of your vehicle to the lender. Once you take a vehicle loan, the hypothecation request is submitted to the regional transport officer with the loan details. Even though the vehicle's ownership remains with the lender, your name and address are mentioned in the vehicle's RC book. It means you will be legally liable for everything related to the vehicle. Once you have completely paid your loan off, you should get the hypothecation removed. You cannot sell your vehicle without removing it.

You can make a payment online through the IDFC FIRST Bank Mobile App, UPI, Net Banking, Cash at the branch or through standing instructions/NACH

You may reach us at IDFC FIRST Bank Branch or Loan Centre, Our customer service number 1800 10 888 or through our chatbot on the IDFC FIRST Bank Mobile Banking App