List of Documents Required for Purchasing New Two-Wheeler in India

  • Author :
  • TATA AIG Team
  • Published on :
  • 18/11/2021

The excitement of owning a two-wheeler can be unparalleled — whether you just got into college or bagged your first ever job. However, when you bring your new chariot home, it is mandatory to get your vehicle registered with the Regional Transport Office (RTO) to verify the authenticity of your ownership.

It's also mandatory to purchase a two wheeler insurance to ensure protection against the financial liabilities of accidental damages to the bike or to a third party. If this isn’t your first purchase, you might want to apply for a bike insurance renewal.

While third party two wheeler insurance shields you against financial liabilities that might arise due to injuries, deaths, or damages to a third party or their property, a comprehensive online two-wheeler insurance policy will cover the damages caused to your bike as well.

The documents required for bike purchase will depend on whether you are a salaried professional, run your own business, pay for the two-wheeler outright, or apply for a two-wheeler loan. Before you hop off to the nearest showroom, make sure to check out this comprehensive guide to the list of documents required for bike purchase in India.

Booking the Two-Wheeler

First and foremost, you will be required to make a token payment at the dealership once you've taken a test ride on the two-wheeler, picked the colour of your choice, and shown genuine interest in going through with the purchase. While booking, you need to produce your driving license and credit/debit card, chequebook, or cash, based on how you want to pay the booking amount.

Documents Required for Bike Registration

Your two-wheeler now needs to go from sitting on the showroom floor to being road-legal. When you buy your bike or scooter, it has to be registered with the Regional Transport Office within a week from the day of delivery of the vehicle. The documents required for bike registration are as follows:

Type of Document Name
Application Form Form 20
Sales Certificate Form 21
Road Worthiness Certificate Form 22
Emission Control PUC Certificate
Clearance Certificate for Imported Vehicle Customs Clearance Certificate
Proof of Sale Manufacturer and Dealer Invoice
ID Proof Driving License, PAN Card, Aadhaar Card, Passport
Address Proof Driving License, Aadhaar Card, Passport, etc.
Insurance Copy of Bike Insurance Cover Note
Temporary Registration Certificate Copy of Bike Insurance Cover Note
On Finance or Loan Form 34 (Signed by financier as well as vehicle owner)
Affidavit Non-Judicial Stamp Paper

Dealerships will take care of the process of registering your vehicle with the RTO, so you don't have to run around with the paperwork. All you need to do is submit a couple of passport-size photographs, a valid ID proof, and proof of address. If you're living on rent, you must carry your rental agreement along with your landlord's electricity bill.

Financing Your Vehicle

An on-the-spot purchase is the easiest way to ride out of the showroom with your brand-new bike or scooter. Save up enough, hand the money to the dealer, and the two-wheeler is yours.

You'll rarely run into a showroom that doesn't offer two-wheeler insurance ever since the government has made third-party scooter or bike insurance mandatory. The insurance cost will be bundled into the on-road price of the two-wheeler. However, it is vital to check how comprehensive the policy is. Look out for the tenure for which it covers damages as well as the types of damages covered (natural disasters, personal accidents, etc.).

You can also select an insurance policy for your vehicle through a company of your own choice. All you must do is give your registration number and the vehicle’s chassis number to the insurance company.

The Tata AIG two-wheeler insurance is an ideal choice for your bike or scooter as it offers attractive savings on premiums, a hassle-free claims process, good claim settlement ratios, cashless repairs and reimbursements, and unique add-ons. You're fully set to hit the open road once the vehicle’s details are verified, and you’ve paid the insurance amount.

Documents Required For Bike Loan

Of course, a lot of buyers may not be able to afford outright payments. Today, every major bank offers EMI schemes, through which you can finance 100% of the cost of the two-wheeler and return the loan in up to 60 months. Check thoroughly for the processing fee, rate of interest, fines in case you default on one of your installments, and other special conditions before you pick a financing scheme.

Below is the list of documents that you'll have to submit in order to apply for a two-wheeler loan:

For Salaried Employees

  • ID Proof: Driving Licence, PAN Card, Aadhaar Card, Passport, Voter ID Card, etc.
  • Address Proof: Rental Agreement, Passport, Aadhaar Card, Voter ID Card, utility bills, etc.
  • Income Proof: Since the bike loan you receive will be based on your income, the bank will require proof of your income in the form of salary slips, recent Income Tax Returns, and Form 16.
  • Bank Statements: You will have to submit a bank statement for the past year to verify your income and deductions if any.
  • Passport-size photographs:The bank will require a set of passport-sized photos to process your loan application.

For Self-Employed Persons

  • ID Proof: Driving Licence, Passport, Voter ID Card, Aadhaar Card, etc.
  • Address Proof:Rental agreement, Voter ID Card, Aadhaar Card, utility bills, sale deed, etc.
  • Bank Statements: You have to submit bank statements for the last 3 or 6 months to confirm income and deductions if any.
  • Income Tax Returns:For the bank to assess your income and deductions and process your bike loan application, you will have to submit your Income Tax Returns for the last three years.

In Conclusion

Before you decide to purchase a bike or a scooter, make sure your hard-earned money is going towards the best. While motorcycles offer more power and control due to their stance and are preferred by enthusiasts, scooters offer gearless riding, natural seating position, storage space, and facilitate easy riding in city traffic.

Always test ride and choose a two-wheeler that falls within your budget, lifestyle, and the ability to pay maintenance or service costs. Ask your dealership for the break-up of the price quote to better understand the ex-showroom price, insurance cost, registration charges, etc.

Don't be hesitant to bargain hard and remind yourself that there is always room for an extra discount or accessories that the dealership might want to offer so that you buy the vehicle from their showroom.

Comparing different dealerships and studying the market will help you make better decisions. While you’re at it, also compare two-wheeler insurance policies on the market and pick the right one that matches your needs, whether it is bike insurance renewal or purchasing a new plan altogether.

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Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

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