Buying a bike without paying any down payment has become easier than ever in India. With increasing competition among banks, NBFCs, and digital finance companies, several lenders now offer Zero Down Payment Bike Loans, meaning you can take your bike home without paying even ₹1 upfront. This type of loan is extremely popular among students, salaried employees, delivery riders, and first-time bike buyers who want quick approval with minimal documents.

In 2025, the bike loan market has completely shifted. Lenders are offering attractive interest rates, instant digital approvals, flexible EMI options, and special zero-cost schemes. If you want to purchase a motorbike or scooter without giving a down payment, this guide gives you the full list of banks and NBFCs that offer 100% on-road price financing.

Let’s dive into everything you need to know.

What Is a Zero Down Payment Bike Loan?

A zero down payment bike loan means the lender finances 100% of the on-road price of the bike. This includes:

• Ex-showroom price
• RTO charges
• Insurance
• Registration
• Handling charges
• Accessories (sometimes optional)

You don’t need to pay any upfront amount to the dealer. The entire cost is converted into EMIs.

Why Zero Down Payment Bike Loans Are Popular in 2025

In 2025, rising fuel prices and increasing demand for two-wheelers for delivery jobs and daily commuting have made bike loans extremely popular. Here’s why zero-down payment schemes are trending:

• No upfront financial burden
• Quick approval for low-income buyers
• Flexible repayment up to 48–60 months
• Minimal documentation
• Easy for students, gig workers & entry-level employees
• Attractive offers from NBFCs and online lenders

Most people prefer paying small EMIs instead of saving a big down payment.

Top Banks Offering Zero Down Payment Bike Loans in India (2025)

Here is the updated list of banks that provide 100% bike finance with no down payment.

1. State Bank of India (SBI)

SBI is one of the most trusted banks for zero down payment bike loans, especially for salaried employees and government staff.

Key Features:

• 100% on-road financing
• Interest rate starting around 10.75%
• Tenure up to 4 years
• Low processing fee
• Simple documentation

SBI has partnerships with many popular bike brands like Hero, Honda, TVS, Yamaha, and Suzuki.

2. HDFC Bank

HDFC is one of the largest players in two-wheeler financing and is known for quick disbursal.

Benefits:

• Zero down payment on select models
• Fast digital approval
• Flexible EMIs
• Special offers for HDFC salary account holders

Most dealerships prefer HDFC because of their instant loan system.

3. ICICI Bank

ICICI Bank offers attractive zero down payment loans under special campaigns or tie-ups with specific brands.

Key Features:

• 100% on-road price financing
• Pre-approved loans for existing customers
• Tenure up to 5 years
• Very fast processing

Ideal for employees with stable income.

4. Axis Bank

Axis Bank provides zero down payment loans through dealership partnerships.

Highlights:

• 100% funding on premium models
• Attractive interest rates
• Simple KYC
• Quick approval and disbursal

Suitable for students & young professionals.

5. Kotak Mahindra Bank

Kotak offers zero down payment bike loans through their digital lending program.

Features:

• 100% financing on many bikes
• Low processing fee
• Quick online application
• Instant approval with PAN + Aadhaar

Great for first-time buyers.

6. Punjab National Bank (PNB)

PNB offers full funding on selected two-wheelers for salaried applicants.

Benefits:

• Zero down payment
• Subtle interest rates
• Flexible tenure
• High eligibility for government employees

Best for middle-income families.

7. Union Bank of India

Union Bank has introduced special no-down-payment schemes in 2025.

Highlights:

• Full on-road funding
• Lower EMI options
• Loan tenure up to 60 months

A good option for people with regular incomes.

Top NBFCs Offering Zero Down Payment Bike Loans

NBFCs offer the fastest approvals and the highest chances for zero down payment loans. They are very popular for two-wheeler financing.

1. Bajaj Finance

Bajaj Finance is India’s most active NBFC for bike loans. Many dealers prefer Bajaj Finance because of fast disbursal.

Benefits:

• 100% on-road financing
• Approval in 10 minutes
• Minimal documents
• Flexible EMI plans

Works well for almost every two-wheeler brand.

2. TVS Credit

TVS Credit is perfect if you’re buying a TVS bike or scooter.

Features:

• Zero down payment on select TVS models
• Fast approvals
• Lower eligibility requirements
• EMI starting from affordable monthly rates

Very popular in small cities and rural areas.

3. Hero FinCorp

Hero FinCorp offers fantastic deals for Hero motorbikes and scooters.

Key Features:

• Zero down payment on Hero models
• Approvals in under 30 minutes
• Digital KYC
• Special offers for salaried & self-employed

They cover a large number of dealerships across India.

4. IDFC First Bank (Hybrid Lending Model)

Technically a bank, but works like an NBFC in bike loan operations.

Benefits:

• Zero down payment with partner showrooms
• Easy eligibility
• EMI flexibility
• 100% paperless process

Many dealerships offer IDFC financing due to quick verification.

5. L&T Finance

L&T is known for easy bike loans, especially in smaller cities.

Features:

• Zero down payment available
• Fast approval
• Minimal banking documents

Good for gig workers and delivery riders.

6. Shriram City Union Finance

A major player in rural and semi-urban India.

Key Features:

• 100% on-road financing
• Low-income applicants accepted
• Simple KYC
• Fast approvals

Best for small business owners and self-employed buyers.

Eligibility for Zero Down Payment Bike Loan

Every lender has slightly different requirements, but here are the basics:

• Age: 21 to 60 years
• Indian resident
• Stable income (minimum ₹10,000–₹15,000 monthly)
• Valid address proof
• Clean banking history
• Decent credit score (not mandatory for NBFCs)

NBFCs are more flexible than banks.

Documents Required for Bike Loan (No Down Payment)

For Salaried Individuals:

• Aadhaar card
• PAN card
• Salary slip (last 3 months)
• Bank statement (last 6 months)
• Address proof
• Passport-size photo

For Self-Employed:

• Business proof
• GST (optional)
• Bank statement
• Aadhaar + PAN

For Students/Delivery Riders:

• Aadhaar
• PAN
• Guarantor (sometimes needed)
• Basic bank statement

How to Apply for a Zero Down Payment Bike Loan

Step 1: Visit the showroom

Step 2: Ask for 100% finance options

Step 3: Submit Aadhaar + PAN

Step 4: Fill out the loan application

Step 5: Verification of bank statements or ITR

Step 6: Approval within minutes

Step 7: Sign the agreement

Step 8: Take delivery of the bike

Most dealerships handle the entire process smoothly.

Tips to Increase Your Approval Chances

• Maintain a healthy bank balance
• Avoid EMI bounces
• Keep a salary account in a reputed bank
• Apply at dealerships partnered with NBFCs
• Keep your documents updated

These simple steps increase your chances of getting zero down payment approval.

FAQs

1. Can I get a bike loan with zero down payment in India?

Yes, many banks and NBFCs offer 100% bike financing with zero down payment. This includes SBI, HDFC, ICICI, Bajaj Finance, Hero FinCorp, and TVS Credit. Eligibility depends on your income and KYC documents. Dealers also run special offers throughout the year.

2. What documents are required for zero down payment bike loan?

Basic KYC documents are needed like Aadhaar, PAN, bank statements, and salary slips. Self-employed people may need business documents. Some NBFCs even approve loans with only Aadhaar + PAN. Students may require a guarantor depending on the lender.

3. Is CIBIL score required for zero down payment bike loan?

Banks prefer a CIBIL score above 700, but NBFCs do not strictly require it. Companies like TVS Credit, Hero FinCorp, and Shriram Finance approve loans based on income patterns. Low CIBIL does not stop approval, but interest rates may be higher.

4. Which NBFC is best for zero down payment bike loan?

Bajaj Finance, TVS Credit, Hero FinCorp, and Shriram City are the best options in 2025. They offer instant approvals, flexible EMIs, and full funding options. These NBFCs are preferred by most dealerships for quick loan disbursal.