Financing Your Two-Wheeler Accessories: Loans for Customisation
July 05, 2025

Building a custom motorcycle is a dream for many enthusiasts, but it often comes with financial challenges. From purchasing high-quality parts to hiring skilled labour, the costs can quickly add up. However, there is a solution that can help you fund your custom project effectively – loans for two-wheeler accessories.
In this blog post, we will explore the meaning and benefits of bike accessories, as well as provide tips for responsible borrowing.
Understanding Two-Wheeler Loan Accessories
Two-wheeler accessory loans are a type of financing specifically designed to fund motorcycle customisations and upgrades. Unlike a regular two wheeler loan used to purchase the bike itself, these loans cover the cost of accessories, modifications, and add-ons to personalise your motorcycle.
How Do They Work?
The process is simple:
- Choose your desired accessories and get price quotes.
- Apply for a loan amount covering the total accessory costs.
- Once approved, use the funds to purchase and instal the add-ons.
- Repay the loan in EMIs over the loan tenure.
Benefits of Two-Wheeler Loan Accessories
Why opt for a motorcycle accessory loan instead of saving up? Here are the key advantages:
- Affordability: By spreading the cost of accessories over EMIs, bike customisation finance makes upgrades more budget-friendly. Instead of a large upfront expense, you can pay in smaller instalments.
- Flexibility: Loans for add-ons give you the freedom to choose high-quality, premium accessories without compromising due to budget constraints. You can personalise your motorcycle exactly how you envision it.
- Convenience: The easy application process and fast disbursal of two wheeler accessory loans mean you can get your customisations done without delays. Many banks also offer online applications and doorstep service.
- Ownership: Unlike renting or leasing accessories, financing your motorcycle customisations with a loan means you own the add-ons. This is especially useful for permanent modifications.
Sample Calculation:
Suppose the alloy wheels, exhaust, and custom paint job for your bike totals ₹75,000. At a 12% interest rate and 12-month tenure, your accessory loan EMI would be:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
= [75,000 x (12/12/100) x (1+(12/12/100))^12] / [(1+(12/12/100))^12-1]
= ₹6,906 per month.
Responsible Borrowing Tips
Before you dive in and apply for a bike customisation finance, keep these tips in mind:
- Borrow only what you need and can afford to repay comfortably.
- Read the loan agreement carefully, including all fees and charges.
- Stick to your repayment schedule to avoid penalties.
- Monitor your credit score and rectify any errors promptly.
- Balance your passion for customisation with other financial priorities.
By being a responsible borrower, you can enjoy your motorcycle upgrades without undue financial stress.
Final Thoughts
Customising your motorcycle is a labour of love, but it doesn't have to drain your savings. With two-wheeler loan accessories, you can finance your dream upgrades and pay at your own pace. Whether it's a loan for add-ons like alloy wheels or extensive modifications, there are options available for every need and budget.
Buying your dream bike isn’t a distant affair anymore! Apply for Chakra Loan (Two-Wheeler Loan) with Ujjivan Small Finance Bank and bring home the bike of your choice stress-free. Enjoy affordable interest rates and quick disbursal. Apply now!
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FAQs
1. How does a motorcycle accessories loan affect my credit score?
Taking a motorcycle accessories loan can have an impact on your credit score. It is important to make timely repayments and manage your finances responsibly to maintain or improve your credit score.
2. Can I apply for a motorcycle accessories loan online?
Yes, many banks offer online application facilities for motorcycle accessories loans. You can visit their website or use mobile banking apps to apply conveniently from anywhere.
3. Are there any limitations on the loan amount for two-wheeler accessories?
The loan amount for two-wheeler accessories may vary depending on factors such as the bank's policies, your creditworthiness, and the value of the accessories you plan to purchase.
4. Can I get a loan for customising a second-hand two-wheeler?
Yes, some banks offer loans for customising second-hand two-wheelers. The loan terms and eligibility criteria may differ from those for new vehicles.
5. Can I prepay my loan before the tenure ends?
Many banks allow prepayment of loans after a specific number of EMIs have been paid. However, there may be prepayment charges involved, so it's essential to check with your bank.
6. What documents do I need to apply for a motorcycle accessories loan or bike customisation finance?
The required documents may vary depending on the bank, but generally, you will need to provide proof of income, identity, address, and ownership of the two-wheeler.
7. What happens if I default on my loan repayment?
Defaulting on your loan repayment can result in legal action by the bank and potential loss of your collateral. It's essential to manage your finances responsibly and make timely payments.
8. How can I choose the right financing option for my customisation project?
Consider factors such as interest rates, repayment terms, and flexibility in payment amounts when choosing a financing option.
9. Are there any restrictions on the type of customisations I can make with a motorcycle accessories loan?
As long as the customisations are legal and within road safety regulations, you have the freedom to customise your motorcycle according to your vision.
10. How long does it take to process a motorcycle accessories loan?
Motorcycle accessories loans are processed quickly, often providing funds on the same day as approval.
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