Loan Amount
Up to ₹5 Lakh
Interest Rate
Starting at 16%* p.a.
Loan Tenure
Up to 36 Months

Buy Cycle on EMI with an Instant Loan

Cycling is a great way to explore the outdoors and stay fit. Whether with a basic bicycle or a high-end cycle for professionals and athletes, cycling is a great recreational activity and a means of commuting for many. With Poonawalla Fincorp’s Instant Loan of up to ₹5 Lakh, buying a cycle on EMI is convenient and hassle-free. Fund the purchase of a good bicycle without expending hard-earned savings by buying a cycle on EMI. Apply for our Instant Loan online with minimal documentation for quick approval and fast disbursal. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Flexible
Tenure
Online
Application
Zero
Hidden Charges

Instant Loan EMI Calculator

Plan your monthly repayments using our EMI calculator. Enter the loan amount, interest rate, and loan tenure to calculate your loan EMIs. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
16 %
36 %

Tenure

Months
12Months
36Months

Apply for an Instant Loan Online

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, KYC Details and residential details.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for an Instant Loan

Access our flexible financing solution instantly by meeting our simple eligibility criteria:

  • Age - The applicant must be between 25 and 55 years old.
  • Citizenship - The applicant must be an Indian citizen.
  • Annual Income - The applicant’s annual household income must be at least ₹3 Lakh.
  • Credit Score - The credit score of the applicant must be 750 and above.

Documents Required for an Instant Loan

Submit a few essential documents to get an Instant Loan to buy cycle on EMI:

  • KYC Documents: Aadhaar Card and PAN Card.
  • Current Address Proof: Passport, Utility Bills, and Rent Agreement.

Interest Rates and Charges for an Instant Loan

We offer an Instant Loan with competitive interest rates and nominal charges:

Interest Rates
16%*p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
2.5% to 3.5% plus applicable taxes
Loan Tenure
1 – 36 months
Prepayment/Foreclosure Charges
upto 4.5%
Default Charges
24% p.a. plus taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Benefits of Buying Cycle on EMI

  • Buy basic to high-end cycles without budget worries.  
  • Repay conveniently with flexible EMI options.
  • Instantly secure up to ₹5 Lakh funds for your purchase.  

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

Is there any benefit to buying a cycle on EMI?

By opting to buy a cycle on EMI with Poonawalla Fincorp’s Instant Loan, you can preserve your hard-earned savings and secure instant funds of up to ₹5 Lakh for your purchase.  

How can I purchase a cycle on EMI?

You can buy a cycle on EMI by funding your purchase with our Instant Loan and repay conveniently with our flexible EMI benefit.  

How much Instant Loan can I get to buy a cycle on EMI?

You can secure an Instant Loan of up to ₹5 Lakh from Poonawalla Fincorp to purchase your dream bicycle on EMI. The final loan amount is determined after checking your eligibility, credit report and various other factors.  

Can I get a flexible repayment tenure for buying a cycle on EMI?

Yes. Poonawalla Fincorp provides Instant Loan with flexible EMI options for up to 36 months. The flexible repayment tenure ranges from 1 – 36 months.