Two Wheeler Finance

 A Two-wheeler loan from Manappuram is the simplest way to buy a new two-wheeler. With a nominal down-payment made upfront, a Manappuram loan addresses the problem of large one-time expense which customers from middle and lower middle-income segment find difficult to arrange.
Two-wheeler finance is one of the fastest growing divisions of Manappuram group. Our two-wheeler vehicle loans are offered to individuals who are interested to purchase their favorite motorcycles, scooters, electric two wheelers along with the latest superbikes. We provide attractive financing schemes for all types of two-wheelers that match customers requirements across India at 3700+ Branches.


  • Attractive rates of Interest
  • Loan tenure is up to 36 Months ( 60 Months for High End Bikes )
  • Ticket Size Ranges from 10,000 to 5,00,000
  • Avail up to 100% finance.
  • Quick turnaround time under fast track route.
  • Caters to farmers, self- employed non professional (businessmen), self-employed professionals and salaried customers.
  • Loans provided to purchase two wheelers in urban, semi-urban & rural areas.
  • Gold Backed Loan scheme option for Lower Bureau score customers.


Minimum Age at loan 18 years 21 years
Maximum Age at loan 60 years 65 years
Current employment Minimum 6 Month Minimum 1 year in current business 
Residence stability Minimum 6 Month Minimum 6 Month


Visit the branch with Quotation of the vehicle, along with the documents specified in the below table:

 Scheme/ Parameters  Non Income Proof  Income Proof  Fast Track Login
 Maximum LTV  80% LTV or Rs. 60,000  90% of on road Price  80% LTV or Rs. 45,000
 Minimum DP  10000  10000  10000
 Maximum Term  36  36  36
 Minimum Term  12  12  12
 Minimum Documents

 Address Proof
 ID Proof

 Address Proof
 ID Proof
 Income Proof
 Address Proof
 ID Proof
 Income Proof

MAFIL reserves the right to ask for additional documents
* T & C apply.

Frequently Asked Questions ( FAQs )

Q1. What is an EMI?
An EMI stands for equated monthly installments. The installment comprises of two components, principal and interest. EMI’s provide you with ease and benefit of paying back your loan amount over a long period of time via fixed monthly payments.

Q2. What documents are required to change my communication/ mailing address?
You have to mail a self-attested copy of any KYC document as mentioned earlier in the Eligibility & the Documentation section of our customer care e-mail ID – or walk into any of our branches along with your KYC documents.

Q3. How do I change my contact details/ phone number?
New phone number details can be changed by calling our call center helpline. This could be done as soon as your contact details changes in order for us to service you better.

Q4. Does Manappuram TW Finance offer any special schemes?
Special schemes are available from time to time. Get in touch with a MAFIL representative at our empanelled dealership to get information on the latest schemes and offers.

Q5. I am an existing customer; can I apply for another loan?
Yes. However, any loan approval will be based on your credit score and eligibility for the given product.

Q6. Once I repay my loan, will I be eligible for a special scheme?
Yes. Once you clear your loan without any defaults, you may be eligible for a special scheme of Top Up Loan.

Q7. Do I have the option of prepaying my loan?
Yes, this can be done as per the foreclosure terms mentioned in your loan agreement.

Q8. How long will it take to get a loan?
Your loan will be processed within 24 to 48 hours depending upon the documents and verification requirements.

Q9. Can the tenure and loan amount be changed after the loan amount has been disbursed?
No, neither can be changed.

Q10. Is there any security/collateral, which need to be offered for this loan?
No. You only have to submit your KYC documents along with bank details for loan approval. Until the loan is repaid, the vehicle will be hypothecated to Manappuram Finance Ltd.

Q11. How much finance can I avail of?
You can borrow up to 95% of On-Road Price of the vehicle (subject to applicable terms & conditions). Exact percentage would depend upon your credit score and eligibility.

Q12. What are the tenure options?
We offer multiple tenure options ranging from 12 months to 60 months (subject to conditions).

Q13. What will be the down payment/Margin Money?
Down payment is a small initial amount that you will need to pay at vehicle dealership. It’s the difference between On-Road Price and loan amount sanctioned to you.

Q14. What all are the charges are applicable on Two-wheeler loan?
To ensure a smooth experience, we charge a nominal processing/ document fee and applicable stamp duty. You can get detailed information from our representatives at our empanelled Two Wheeler Dealership.

Q15. What is the procedure to get NOC?
Once you have completed your loan repayment, we will process and close your loan, post which a physical copy of the NOC will be sent to your registered address. You may write to us at or 022-6818 2834

Q16. When do I become eligible to get an NOC? How can I receive it?
You can get your NOC once you’ve paid your entire loan amount and any corresponding dues applicable.

Q17. Do I need a guarantor?
No, a guarantor is not required.

Q18. Who can be a co-applicant for the loan?
Your spouse or any blood relative staying at the same residence as yours can be a co-applicant.

Q19. What will be done with the post-dated cheque if I request to change the mode of repayment/ account for my loan?
The cheque submitted, will be defaced and retained. And in case you wish to get back your cheque, kindly lodge a request with our customer care or write us an email at or 022-6818 2834

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