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Add ICICI for HD motorcycles - ICICI Bank two wheelers loans, Service Charges for two Wheeler Loans (see bottom)
And I assume, Kawasaki motorcycles should be financed by Two Wheeler Loan - Bajaj Finserv Lending
And Yamaha CBU's again from BAF I guess - Products | India Yamaha Motor Pvt. Ltd.

According to the website -

"Currently two wheeler loans are offered on Harley Davidson models only."

Looks like they are not even catering to the common commuters

I wonder how the people going for Ninja 650R are financing their purchases.

They do finance other bikes Got the loan for FZ1 from them only
The area manager actually gave me an insight ! almost 50 HD, 30 Ducaties , 4 or 5 yamahas and couple of suzukies !

BTW keep negotiating on the price and the interest !! thats the only way to bring the crazy interest rates down from double to single !!

See this - Bank of India

From the above link "The Scheme provides loan for purchasing 2/4 wheeler vehicles (like car, scooter, motorcycle etc.). Maximum amount of loan is Rs. 25 lacs, depending upon cost of vehicle & income of proponent, at attractive rate of interest and easy repayment plan".

I approached the Bank of India branch in my neighborhood when i was to buy my ninja but they require extensive documentation. Plus they went back on the interest amount committed (10.50%) saying that was a festive offer and the new one was 11.25%. For a measly sum, the amount of documentation they needed inspite of being a customer for over 25 years made me feel that i was taking a multi crore loan. Dropped the idea of a loan from these banks.

is it possible to bargain on the interest rates as well???

Wow!.. did not know that interest rates could be bargained for. I am still waiting for HDFC's call. good to know about this in advance.

and that is a lot of HDs and Ducatis selling considering Bangalore only!

Agreed! SBI can also be a major pain in the ass with their processes.

Well we do know that now

^^ yeah thnx to your post.... i had enquired about the financing schemes for the r1 a couple of months back... the downpayment required was around 6 lakh and the rest can be financed through the dealer itself... the roi for a 5 year loan was around 12% and the emi was coming to be around 22k

Thanks for the info mate... This should come in handy for prospective big bike customers like me... who are just beginning to look around for info.

I took a loan for the R1 from Canara Bank. I was one of the first buyers of the R1 in the country, and no bank had even seen application for a bike loan costing this much, but I did get it . Here is what I furnished for the loan application, and my experiences.

1) Loan eligibility and documents: You need to show the proforma invoice from the dealer stating how much advance you've paid, and the balance. In your loan application you need to mention the loan amount you want to avail. Based on this loan amount, the loan officer will ask you to show proof of employment, proof of salary (if employed), IT returns (Saral, Form 16) if self-employed. In my case, since my business accounts are being handled by Canara, it was a breeze, but they did make me run around a bit, and it took a longer time, the bank being a nationalised one.

2) Guarantor: Subjective. If the loan officer decides that your income is not sufficient enough to repay the EMIs, he/she will ask for a guarantor, in which case you have to show the guarantor's income and tax returns.

3) Percent of loan: This isn't clear from your query. Most banks offer a minimum of 60% to a maximum of 90% loan on the ex-showroom price of the bike. Some go higher, and also on the on road price of the bike. Also if the officer decides that your income will not be sufficient to repay the EMIs, he/she will say that you are eligible for only 'x' amount of loan. You will have to cough up the remaining.

4) Loan duration: Ranges from 12 months to 36 months for two wheelers in all banks. Of course, the shorter the loan duration, higher the EMI, and lesser interest rate.

5) Processing charges: Ranges from 0.5% to 1% depending on the bank.

6) Special schemes: No idea.

You can't take it personally Aditya. My business account is the biggest in this particular branch of Canara Bank, and this branch is pretty big in terms of revenue for Canara in Bangalore. They made me run around a bit as well, and also put me through lots of paperwork. Public sector banks will always go slow and play it safe. I prefer to deal with a slow, unwieldy bank, against these scary, unethical banks which are way faster.

Everything is up for negotiation.

Right from interest rates, processing charges, the tenure of the loan, etc. Remember, you are buying a product from them, so it is your right to try and get the best deal which will suit YOU.

That does not sound too bad... but according to the following link:
Products | India Yamaha Motor Pvt. Ltd. (Thanks to argee)

You can get finance "up to 70% of On Road Price" and the interest rates are set at a "reducing Rate of 14.5% p.a. (Conversion to flat rate is 7.9-8.6%)".

So probably, the R1 could cost a bit less.

Nothing taken personally Akhil. Apologies if my post reflects that. My experience was at that branch and the quality of interactions has seen a decline over time (even for everyday transactions).

I was inquiring for a 2L loan and was asked to provide documents which showed assets ranging from no. of vehicles at home, property documents, deposits in various banks with account types and numbers, mutual fund details, etc. At that time i felt they were asking for too much.

that time calculating the emis and downpayment including interest the r1 was costing hold you breath................... 19 lakhs(stock).....

Thanks for the inputs Rossiter!

These points seem to answer a lot of questions on my mind. I hope other prospective buyers would also find it useful.

One more question though - Would a bank provide loan for someone who is looking to buy a second hand bike? or they cater to new bikes only?