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What Are the Documents Required to Purchase a New Two-wheeler?
As soon as an individual starts earning his livelihood, owning a bike or scooter becomes a priority for daily commute. If you own a bike, it not only provides you with a sense of freedom, but the joy of the moment is unparalleled. Though the task seems simple, various documents are required to purchase a two-wheeler, like identity proofs, residential proofs, bank statements, and much more.
Read on to find out all about the necessary paperwork you need to present to buy a two-wheeler in India.
Documents Required to Purchase a Two-wheeler in India
Following are the most common documents you need to buy a motorbike –
- Identity proofs - original and attested copy
- Residency proof – original and attested copy
- Passport size photos
- Bank statements or income proof – for salaried employees
- Income tax returns – for self-employed people
List of Documents Required at Different Steps of Purchasing a New Bike
It would be best to prepare all the documents to be presented when buying a bike, registering the bike with RTO, or opting for two-wheeler loans or an EMI payment method.
Below are the different steps where the list of documents are required while buying a two-wheeler.
- While buying from dealership
- While applying for a bike loan/finance
- While registering for a Two-wheeler
Documents Required to Buy a Two-wheeler from Dealership
|
Identity Proof |
Aadhaar Card, PAN Card, Driving Licence or any other government-issued identity card |
|
Address Proof |
Rental agreements, Utility bills, and Legal land documents |
|
Nationality Proof |
passports, Voter ID Cards |
Documents Required for Two-wheeler Loan/Finance
Not everybody can make full payment to buy a bike, which gives rise to the option of loan or finance to bear a bike’s cost. A two-wheeler loan is determined based on the age and income of an individual. Below is a list of documents required to buy a bike on loan or finance -
For a Salaried Employee
|
Proof of Identity |
Aadhaar Card, PAN Card, Voter ID Card, Passport |
|
Proof of Residence |
Rental agreement papers, Utility bills, Voter ID cards |
|
Income Proof |
Payslips of last 3 months, ITR (Income Tax Return) files, Form 16 and salary certificate |
|
Bank Statement |
1 year of bank statement to identify your income and deductions |
|
Passport Size Photographs |
Provide passport size photographs as per the requirement of the financer |
For Self-employed Individuals
|
Proof of Identity |
PAN Card, Aadhaar Card, Driving Licence, Passport, Voter ID Card |
|
Residential Proof |
Passport, Bank statement, Driving licence, Aadhaar card, Utility Bill, Voter ID, Land papers or Rental agreement papers |
|
Bank Statement |
3 to 6 months bank statements as proof of income |
|
Income Tax Return |
ITR files of the last 3 years to access the income and deductions |
|
Photographs |
Passport size photographs as per requirement |
Documents Required for Two-wheeler Registration
Vehicle registration is a legal requirement in India under the Motor Vehicle Act of 1988. Below is a list of documents required.
|
Type of Document |
Document Name |
|
Application Form |
Form 20 |
|
Sales Certificate |
Form 21 |
|
Road Worthiness Certificate |
Form 22 |
|
Emission Control |
PUC Certificate |
|
Certificate of Clearance |
Customs Clearance Certificate for imported two-wheelers |
|
Proof of Sale |
Manufacturer and dealer tax invoice |
|
ID Proof |
Driving licence, PAN Card, Aadhaar Card, Passport |
|
Address Proof |
Driving licence, Aadhaar Card, Passport. |
|
Insurance |
Copy of Bike Insurance Cover Note |
|
Temporary Registration Certificate |
Copy of Temporary Certificate |
|
On Finance or Loan |
Form 34 (Signed by financier and owner) |
|
Affidavit |
Non-Judicial Stamp Paper |
|
Fee |
Appropriate Fee as specified in Rule 81 of CMV Rules. |
The above table consists of all the documents required to register a vehicle with the respective RTO’s that an individual resides.
You have gone through the documents required for a two-wheeler purchase in India if you are here. While owning a two-wheeler is an unbeatable joy, it demands a lot of paperwork. Proofs of your identity and residence, photographs, various certificates, etc. that make you eligible to purchase a motorbike.
Someone can also buy a bike on loan or finance if they cannot pay in full. In such scenarios, a salaried and self-employed individual must present proof of income. After the purchase, register the vehicle with the RTO to venture out with freedom.
Frequently Asked Questions
Is a PAN card necessary for buying a bike?
The PAN Card works as an identity proof of an individual. PAN Card, Aadhaar Card, Voter ID Card are some of the identity proofs you require to purchase a bike.
What are the bike documents?
Pollution certificates, bike registration certificates, insurance policies, bike fitness certificates are some of the required documents for bike registration.
