The Two Wheeler Loan Agreement is a crucial document used in India when financing the purchase of motorcycles, scooters, or other two-wheeled vehicles through a financial institution. It serves as the primary contract between the lender and borrower, establishing their rights and obligations while ensuring compliance with Indian banking regulations, RBI guidelines, and relevant financial laws. The agreement typically includes comprehensive details about the loan amount, interest rates, repayment schedule, and security arrangements through vehicle hypothecation. It's designed to protect both parties' interests while facilitating vehicle financing in a legally compliant manner. The document becomes particularly important for loan enforcement, vehicle repossession in case of default, and maintaining clear records of the financial transaction and associated security interest.

1. Parties: Identifies the lender (financial institution) and borrower with their complete details including name, address, and registration/identification numbers

2. Background: Brief context about the loan application and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement including 'Loan', 'Interest Rate', 'EMI', 'Security', etc.

4. Loan Details: Specifies the loan amount, interest rate, tenure, and EMI details

5. Disbursement Terms: Conditions for loan disbursement and method of payment

6. Repayment Terms: Details of repayment schedule, EMI amounts, and payment methods

7. Security and Hypothecation: Details of the two-wheeler being hypothecated as security, including vehicle specifications

8. Borrower Representations: Warranties and representations made by the borrower regarding their eligibility and capacity

9. Borrower Covenants: Ongoing obligations of the borrower including vehicle maintenance and insurance

10. Events of Default: Circumstances constituting default and consequences thereof

11. Lender's Rights: Rights of the lender including right to repossess and sell the vehicle

12. Insurance: Requirements for comprehensive insurance coverage of the vehicle

13. Notices: Method and addresses for serving notices between parties

14. Governing Law and Jurisdiction: Specifies Indian law as governing law and relevant jurisdiction for disputes

15. Execution: Signature blocks and execution formalities