In India, two-wheelers are considered a lifeline. A number of the key reasons for the importance of two-wheelers in India is that they're low-cost, many rural areas are accessible through two-wheelers, they're fuel-efficient and that they make it easy for people to travel through-traffic. Because of these benefits, two-wheelers are found so abundantly found in India. However, it's possible that several individuals may not have the complete amount at hand while purchasing two-wheeler, which is why banks provide two-wheeler loans.

Two-wheeler loans make two-wheeler accessible to everyone by providing the complete amount of the two-wheelers directly in exchange for interest. All major banks in India provide two-wheeler loans and register the two-wheeler as collateral. Differently to get two-wheelers is to require a personal loan and purchase a two-wheeler from the same amount. However, the rate of interest on personal loans is nearly similar because of the interest on personal loans, which provides the client with an option to follow any of those two routes.

An additional benefit provided by bike loan offers is the option of paying EMIs. Many banks provide an option to consumers purchasing two-wheelers to buy the scooter on EMI, which enables people to get two-wheelers and pay off the amount in multiple installments.