Diwali is the biggest celebration in India, which generally comes with a lot of purchasing and gifts exchange. Indians buy different things around this festival as the prices are at their lowest. It is also a perfect occasion if you’re planning to make a bike purchase. And this time, the GST council has made it even easier by bringing down the tax percentage, making it affordable and achievable for the middle-class segment with the right bike loan.
And the icing on the cake? Manba Finance’s special bike loans! With the recent GST cuts, combined with our flexible EMI options and lowest interest rates, enjoy your Diwali like never before. Manba’s festive offers and Diwali bike loan offers give you a great chance to celebrate the festival without worrying about your budget.
Why Diwali is the Best Time to Buy a Bike in India?
Diwali is not just a festival of lights; it’s also a festival of new beginnings. For Indian families, it is the perfect time to purchase their first bike as it is considered the most auspicious occasion to buy vehicles. Manufacturers and lenders offer appealing festive discounts and cashback offers, making the purchase affordable for everyday Indians.
Manba Finance makes the celebration more special with their exciting Diwali bike loan offer, which comes at the lowest interest rates and flexible EMIs.
GST Reduction on Bikes – What Changed in GST 2.0?
In 2025, the GST Council simplified the tax system by revising the two-wheeler slabs.
- Bikes up to 350cc now attract 18% GST instead of 28%, benefiting middle-class buyers relying on affordable bikes for daily commutes. This change covers nearly 98% of India’s motorcycle market, making most commuter bikes cheaper before Diwali.
- Premium bikes above 350cc now face a 40% GST, up from 31%, as they fall under the luxury category.
The GST Council’s decision reflects its commitment to supporting the maximum population. The new GST cuts aim to reduce the economic constraint on working families that rely on two-wheelers as a means of transport.
| Engine Capacity | Before GST 2.0 | After GST 2.0 |
| ≤ 350cc bikes | 28% GST | 18% GST |
| > 350cc bikes | 28% GST (+ 3% cess = 31% effective) | 40% GST (luxury) |
How do the GST cuts benefit middle-class indians?
The GST cut has resulted in an overall price reduction for bikes. This means a reduced bike loan with Manba Finance with lower EMIs, accessible to salaried and self-employed people.
For example, a 125cc bike sold for ₹1 lakh is now available at ₹91,500 owing to the GST cut. Rajesh, a middle-class IT professional, purchases the bike at this new price and saves approximately 9,000 on this purchase. This ultimately translates to lower monthly EMIs, thus reducing his financial strain.
Manba Finance Diwali Special Bike Loan Offers 2025
Manba Finance, an RBI-registered NBFC, is a trusted name in the two-wheeler financing industry. This Diwali, it’s bike loan campaign brings:
- Zero down payment options,
- Flexible EMIs,
- Same-day approvals
Buyers can choose repayment plans suited to their income and enjoy doorstep documentation for added convenience.
Manba Finance helps you celebrate the festival with thoughtful financial planning, whether it’s your first bike or an upgrade. Visit the Manba Finance bike loan page to explore eligibility criteria and interest rates, and apply online within minutes.
Before vs After Diwali Savings – Real EMI Examples
Understanding the financial impact helps you make informed decisions about your bike purchase. Use the bike loan EMI calculator to see how the GST reduction directly affects your monthly payments. A bike EMI calculator with down payment options reflects the actual cost difference between buying before and after the tax cut.
The table below demonstrates savings on a popular ₹1.2 lakh commuter bike. These calculations combine the lower GST rate and Manba Finance’s special Diwali interest rate reduction. The monthly EMI difference of ₹465 makes an annual savings of ₹5,580, covering insurance renewal or two complete bike services.
| Scenario | Loan Amount | Interest Rate | Tenure | EMI |
| Before GST Cut | ₹1,53,600 | 12% | 36 months | ₹5,087 |
| After GST Cut + Offer | ₹1,41,600 | 11% | 36 months | ₹4,622 |
Who Can Apply – Eligibility Criteria
Manba Finance maintains straightforward eligibility requirements for applying for bike loans.
- Applicants must be between 21 and 65 years old with a minimum monthly income of ₹12,000 for salaried individuals or ₹15,000 for self-employed professionals.
- Valid KYC documents are mandatory, including Aadhaar card, PAN card, address proof, and recent bank statements.
Before visiting the showroom, use a bike loan EMI calculator to estimate your monthly commitment. A bike EMI calculator helps you determine the ideal upfront amount that keeps your monthly installments comfortable within your budget.
Documents Required for Bike Loan
Gathering the proper documents beforehand speeds up your loan approval process. Manba Finance requires standard KYC papers and financial proof to verify your identity and estimate repayment capacity.
Document Checklist:
- Identity Proof (any one): Aadhaar Card, PAN Card, Voter ID, or Passport
- Address Proof: Aadhaar Card, utility bills, rental agreement, or passport
- Income Proof (Salaried): Last 3 months’ salary slips.
- Income Proof (Self-Employed): Last 2 years’ ITRs and 6 months’ bank statements
Tip: Check a bike EMI calculator with down payment to decide your upfront contribution before document submission.
Step-by-Step – How to Apply with Manba Finance During Diwali Offers
Applying for a Diwali bike loan offer with Manba Finance takes only a few minutes. The entire process can be completed online or through your nearest branch. Below is a step-by-step guide to apply for a bike loan at Manba Finance.
Step 1: Check Eligibility: Visit the Manba Finance website and review the basic eligibility criteria, including age, income, and credit score requirements. Ensure you meet the minimum qualifications before proceeding further.
Step 2: Calculate EMI: Use the EMI calculator to determine your monthly installment based on loan amount, interest rate, and tenure. Adjust the down payment and loan period to find a comfortable EMI that fits your budget.
Step 3: Submit Application: Fill out the online application form with your personal, employment, and financial details. Upload scanned copies of required documents, including identity proof, address proof, income statements, and bike quotation.
Step 4: Get Approval: Manba Finance reviews your application and verifies documents within a few hours. Once your loan is sanctioned, you receive an instant approval notification via SMS and email.
Step 5: Bike Delivery: Visit your chosen dealership with the loan approval letter and complete the remaining formalities. Manba Finance directly disburses the loan amount to the dealer.
Apply Now to take advantage of exclusive Diwali bike loan offers before the festival season ends.
Ride home your Dream Bike with Manba Finance
Thanks to the GST reduction, buying a bike has never been easier or more rewarding. With the new GST cuts and Manba Finance’s Diwali bike loan offer, customers can enjoy lower taxes, flexible EMIs, and reduced interest rates. These combined benefits make it the ideal time for savvy buyers to invest in their dream two-wheeler while keeping finances in check.
Manba Finance encourages responsible borrowing and planning. Choose a loan amount that fits your budget and repayment capacity. Apply for a bike loan now and take advantage of these limited-time Diwali deals!
FAQs
What is the new GST rate on bikes in 2025?
– The GST Council has reduced the tax on two-wheelers to 18% in 2025, down from the previous 28% for many models.
Is this the right time to buy a bike in India?
– Yes. With Diwali discounts, festive cashbacks, and GST cuts, this period offers maximum savings and attractive loan options.
Does GST reduction reduce EMI?
– Yes. Lower GST lowers the overall bike price, directly reducing the EMI if you choose a Diwali bike loan offer from a lender like Manba Finance.
Does Manba Finance offer zero down payment for bikes?
– Yes. Specific Manba Finance schemes allow zero down payment, allowing you to start your EMI payments without an upfront cost.
What if I don’t have a credit score?
– Manba Finance considers income and employment details for approval, so you can still apply for a Diwali bike loan offer without an established credit score.
