Apply for Navi Personal Loan to buy second hand bikes

Enjoy attractive interest rates starting at 9.9% p.a. with flexible EMI options

What is a Second Hand Bike Loan?

Having a two-wheeler adds a lot of convenience to your life, especially in terms of daily commute. However, purchasing a brand new bike might not be affordable for everyone. In such a situation, instead of unlocking your savings, getting a second hand bike loan can be a good option. Alternatively, you can get a personal loan with Navi to finance your second hand bike.

While getting a pre-owned bike loan is an option, availing a personal loan with Navi for second hand bike purchase is more feasible. Enjoy instant approval, competitive interest rates and flexible EMI options. So, go for Navi Personal Loan if you are looking for a convenient and simple process to finance your preferred second hand bike.

Features and Benefits of Second Hand Bike Loan

Features and Benefits of Second Hand Bike Loan

Apply through the Navi app and get your loan approved and disbursed to your account within a few minutes
Get loans up to ₹20 lakh and bring home your preferred bike
Enjoy competitive interest rates starting from 9.9% p.a.
No paperwork or physical interaction required. Just download the Navi app and apply
Enjoy repayment tenure up to 72 months. Repay at your convenience
No lengthy documentation process. Apply with your PAN details via the Navi app

How to Apply for a Second Hand Bike Loan with Navi?

Follow the steps below to apply for a personal loan for second hand bikes:
Download the Navi App from Play Store or App Store
Enter a few basic details like name, address, PAN, etc., to check your eligibility
Enter the loan amount and tenure
Our representative will call you. Complete your V-KYC with PAN
Enter bank details and set-up auto pay. Get instant money in your bank account

How to Apply for a Second Hand Bike Loan with Navi?

How To Apply

Eligibility Criteria and Documents Required

Indian Resident 18-65 years of age

PAN Card Holder

Salaried or Self-Employed

Aadhaar Card Holder

Second Hand Bike Loan Interest Rates in India

Navi offers personal loans for pre-owned bikes at attractive interest rates starting from 9.9% p.a. However, the final interest rate offered depends on your eligibility.
Interest Rate9.90% p.a. onwards
Processing FeeUp to ₹7,500
Loan AmountUp to ₹20 lakh
Loan Prepayment FeeNil
Loan TenureUp to 72 months

How to Calculate EMI on Personal Loan for Second Hand Bike?

Calculate your EMI obligations beforehand to better plan and manage your finances. The formula for personal loan EMI calculation is as follows:

EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

However, calculating EMI manually can be tedious and time consuming. As an alternative, you can use our second hand bike loan EMI calculator to instantly check your monthly repayment obligations. All you need to do is select the loan amount, tenure and interest rate, and you shall be able to view the EMI amount.

Second Hand Bike Loan Calculator

Loan Amount

Rate of Interest (P.a)


Loan Tenure (Months)


Monthly EMI


Total Interest

Total Amount

Why Choose a Navi Personal Loan to Purchase a Second Hand Bike?


No heavy paperwork. Minimal documents. Instant disbursal. Applying for a personal loan is a breeze when you have Navi by your side. Download the Navi app and apply for a personal loan from anywhere, anytime and on the go.

Customer-first experience

The Navi app is designed to provide superior customer experience. Housing a user-friendly and easy-to-navigate interface, applying for a loan has never been easier. The entire loan journey - from application to disbursal - just takes a few minutes of your time.

Competitive pricing

Enjoy attractive interest rates and zeo foreclosure charges with Navi Personal Loan. This positions Navi Personal Loan as one of the most affordable loan products in the market.

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Frequently asked questions

A second hand or used bike loan helps you finance the purchase of a second hand bike. However, as an alternative, you can also opt for a personal loan to buy a second hand bike.
You can get up to 80% financing as a loan for a second hand bike. However, the final amount decided by the lender depends on your eligibility. In case you need additional cash, you can always opt for a personal loan for a bike with Navi to purchase your preferred bike.
Link your bank account and set up auto debit. Your EMI will be automatically deducted from your account on the due date. Just ensure that you have sufficient balance in your account on the EMI due date to avoid missed payments.
You can check how much your principal and interest outstanding in a month-wise format via amortisation schedule.
You can reduce your loan EMI by choosing a longer repayment tenure or opting for a balance transfer. However, note that you end up more as interest for a long term loan, thereby increasing the overall cost of your loan. So, choose accordingly.

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