Two-Wheeler Loan NBFC Software India — EV and Petrol Bike Finance 2026

Two-Wheeler Loan NBFC Software India — EV and Petrol Bike Finance 2026

India is the world's largest two-wheeler market — over 20 million units sold annually. Two-wheeler NBFCs serve a high-volume, high-frequency customer segment: salaried workers, gig economy workers, and small business owners purchasing bikes for daily commuting or last-mile delivery. With the EV two-wheeler segment growing rapidly — driven by FAME subsidy and rising fuel costs — NBFCs are also building out EV financing capabilities.

Two-wheeler loans have unique characteristics: small ticket sizes (Rs. 50,000 – Rs. 1.5 lakh), high volume, short tenors (18-36 months), and a borrower profile that requires efficient collection management.

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Two-Wheeler Loan Market Characteristics

High Volume, Low Ticket
A two-wheeler NBFC with Rs. 100 crore portfolio might have 10,000-30,000 loan accounts. Processing and collection at this scale requires full automation.

Borrower Profile
Primary customers: gig workers (Swiggy, Zomato, Dunzo delivery executives), salaried employees in lower-income bracket, and self-employed individuals. Many have thin credit files or new-to-credit.

EV-Specific Considerations
EV two-wheelers have different depreciation curves than petrol bikes. Battery health affects vehicle value. FAME subsidy affects on-road price — the subsidy amount needs to be excluded from LTV computation. EV registrations on VAHAN now include a separate fuel type field.

High Collection Intensity
With large portfolios of small-ticket loans, collection requires automation: WhatsApp reminders, IVR calls, and efficient field agent allocation for physical collection in high-density areas.

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MICS Two-Wheeler Loan Software Features

Loan Origination
- Dealer integration: dealer submits loan applications from showroom via dealer portal
- Customer mobile application: direct-to-customer for pre-approved or online applications
- KYC: Aadhaar OTP eKYC + PAN verification — under 5 minutes
- Income proof: salary slip, bank statement, or ITR
- CIBIL credit score: new-to-credit borrowers scored on alternative data (NACH payment history, mobile bill payment)
- Down payment collection: dealer collects, confirmed before NBFC disbursement

Vehicle and RC Verification
- Dealer invoice and quotation: vehicle details confirmed
- VAHAN API: RC verification after registration (for used two-wheeler loans)
- IRDAI API: insurance validity check
- EV subsidy identification: if FAME subsidy applies, exclude from loan base

Disbursement
- Disbursement directly to dealer's bank account
- Disbursement confirmation: dealer and customer both notified
- Loan account number generated: shared with customer via WhatsApp

RC Hypothecation
- PARIVAHAN hypothecation: lender's name added to RC within 30 days
- Hypothecation confirmation: extracted from VAHAN after RC update
- For EV: hypothecation process same, but separate tracking for EV RC

Collection at Scale
- NACH auto-debit: eNACH mandate registered at disbursement for all EMIs
- Pre-EMI reminder: WhatsApp 3 days before due date
- Bounce automation: on NACH bounce, immediate WhatsApp + SMS + IVR call
- Payment link in WhatsApp: borrower pays via UPI with one tap

Field Collection
- Area-wise agent allocation: agents cover specific pin codes
- Daily collection list: overdue accounts assigned per agent per day
- Collection app: Android, works offline, GPS stamp
- Cash collection with receipt on app
- UPI collection via QR code shown to borrower on agent's phone

Repossession
- SARFAESI not available for small NBFCs — repossession under RDDBFI Act or state law
- Repossession notice: legal notice template
- Field investigation: borrower tracing for absconded defaulters
- Repossessed vehicle inventory: condition assessment, valuation
- Auction: open market or through used vehicle dealer network

Dealer Management
- Dealer master: name, location, PAN, bank account for disbursement
- Dealer-wise portfolio: volume, NPA rate by dealer
- Dealer performance: flag dealers with high-NPA portfolios
- Subvention: if dealer contributes to interest subsidy, track dealer payouts

EV Portfolio Management
- EV vs. petrol portfolio split reporting
- Battery warranty tracking: manufacturer warranty linked to loan
- FAME subsidy reconciliation: confirm subsidy received by dealer
- EV collection incentive: track if any EV-specific collection strategy applies

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Pricing

| Loan Accounts | Monthly Cost |
|---|---|
| Up to 2,000 accounts | Rs. 15,000 |
| 2,000-10,000 accounts | Rs. 25,000 |
| 10,000+ accounts | Rs. 40,000 |

Free two-wheeler loan software demo: +91 9355273535 | admin@mics.asia