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Vehicle Loan

Vehicle Loan

Found your dream bike or car but it doesn't fit your budget? A vehicle Loan is just what you need. It helps you bring your dream 2-wheeler or 4-wheeler home, and repay the amount in easy EMIs as per your convenience. The tenure, interest rates, and other terms of the two wheeler and four wheeler vehicle loan depend on your repayment capacity.

In these unprecedented times, using public transports to commute can be risky. Owning your own two wheeler or four wheeler will give you the freedom to commute safely and comfortably. So, don't let a lack of funds stop you from getting what you want. With a two wheeler and four wheeler vehicle loan, you can secure anywhere between 80% to 100% of the vehicle cost. From commuter bikes to premium motorcycles or from commuter cars to luxury cars, Loan Magic helps you finance loan for a variety of two and four wheelers conveniently. What's more? At Loan Magic, we assure you of minimal paperwork and quick processing.


Vehicle Loan


Longer Loan Tenure

Avail a loan for up to 5 years and repay the sum at your convenience.

Quick and Easy Processing

Get your two-wheeler and four wheeler loan in no time with our quick processing and minimal paperwork.

Personal Safety

With a Vehicle Loan from Loan Magic, purchase a new bike / car and travel safely.

Competitive interest rates:

Our two-wheeler and four-wheeler loan is easy on your pocket. With Loan Magic, you get vehicle finance at the best interest rates in the market.

  • Eligibility criteria
  • Documents required
  • How to apply

What is the Eligibility Criteria for Two Wheeler and Four wheeler Loan?

The Two and Four Wheeler Loan eligibility criteria vary for salaried and self-employed individuals. Here's the breakdown for each category:

  • Age – You must be between 21 to 60 years old at the time of application.
  • Residential stability – You must have at least one year of residential stability to apply for a vehicle loan.
  • Employment stability – You must have a minimum of one year of employment stability for a standard vehicle loan.

What are the Documents Required for Getting a Vehicle Loan?

All you need to do is make sure you have the following documents handy:

  • Photo ID with age proof (like, PAN card, passport, driving license)
  • Signed application form with 3 passport sized photographs
  • Residence proof like valid passport, voter ID card, driving license, postpaid utility bill (gas bill and electricity bill), updated passbook or bank account statement, notarized registered rent agreement
  • Bank statement for the last six months
  • If the applicant is a salaried individual
    - Last 3 months' salary slips
    - Form 16 or Income Tax Returns
  • If the applicant is a self-employed individual
    - Balance sheet and profit and loss account, computation of income for last 2 years
    - Income Tax Returns – last 2 years for applicants, 26 AS, Traces
    - Business proof: Registration Certificate, Service Tax Registration, among others
    - IT Assessment/Clearance Certificate, Income Tax Challans/TDS Certificate (Form 16A)/Form 26 AS for income declared in ITR

How to Apply for a Vehicle Loan?

With Loan Magic, you can apply for a vehicle loan in various ways:

  • Visiting our Branch

You can visit your nearest Loan Magic branch to apply for a vehicle loan offline. Our executives there will guide you through the entire process.

  • Through the phone

Properties covered under Loan Against Property

    With Loan Magic, you get multiple options to avail of a loan on property. These include:

  • Loan against residential property
  • Loan against commercial property
  • Loan against industrial property
  • Loan against land/plots
  • To avail a loan against property, the property must be self-owned by the borrower.

Purpose of Loan Against Property

You can avail a loan on property for various purposes. These include:

  • Loan on property to start or expand a business
  • Loan on property to meet Working Capital Needs
  • Loan on property for Consolidation of Debt
    Loan on property for Mortgage Buyout
  • Loan on property for Investment
  • Asset Allocation
  • Renovation of Property
  • Asset Acquisition
  • Refinance of Self-financed Property
Why Us

Why we are the right fit for you

Loan Magic, a name you can trust

With the customers’ individual desires and needs in mind, our team at Loan Magic guides you at every step and offers specific financial solutions.


You can decide on a repayment plan for your loan at your convenience. Choose from our host of options like ECS, post-dated cheques, and online two or four wheeler loan repayment.

We’ve Been Here for a Long Time

We have extensive experience in the field. We can make the process of getting your loan approved easy and hassle-free because we have a lot of experience providing finance loans.

We’re flexible

We let you choose the loan amount, tenure, and EMI period for which you need the loan.

Competitive interest rates

We assure you of the best Two Wheeler Loan interest rates in the industry. With Loan Magic, you can also customise your loan depending on your convenience.

Minimum documents

Avail of an instant 2 wheeler loan from Loan Magic with minimal documentation.