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Bikes Under 1.5 Lakh
Undoubtedly, budget is one of the most significant concerns when deciding which bike to purchase in India in 2023. Additionally, the huge selection of bikes under 1.5 Lakh makes the purchase an even more cumbersome task. While looking for a bike, you find it challenging to decide which model best suits your requirements and preferences. Basically, you can fund a bike purchase in two ways: by paying its price upfront from your savings or by applying for a bike loan from Hero FinCorp. We offer these loans with several lucrative features and benefits, like competitive interest rates, flexible repayment tenures, LTV value of up to 95%, etc.

Also Read: Buying a Bike? Keep These Points in Mind

Now that finance is no longer a challenge, you can browse through this list of the top 10 bikes under 1.5 Lakh and make up your mind
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 Hero Xtreme 200S

Hero Xtreme 200S

Xtreme 200S is the latest Hero bike model available in one variant and three colours. It is a sports bike delivering a top speed of 115 km/h and a mileage of 40-54 km/l. A perfect vehicle for short rides and daily commutes, it has an all-new aerodynamic fairing with a twin LED headlamp, narrow exhaust canister, split grab rail, and Bluetooth connectivity.
 
Avg. Ex-Showroom Price Rs 1.35 Lakh
Mileage 45 kmpl
Fuel Tank Capacity 12.8 litres

Hero XPulse 200

Hero XPulse 200

It is an off-roading adventure and sport bike for hardcore riders. Similar to a dirt bike, it looks modern and is well-suited for city commuting. At a weight of 157 kg, it is easy to handle and manoeuvre without obstacles.
 
Avg. Ex-Showroom Price Rs 1.27 Lakh
Mileage 49.01 kmpl
Fuel Tank Capacity 13 litres

Bajaj Pulsar 150

Bajaj Pulsar 150

Bajaj Pulsar 150 is a powerful, sporty, thrilling bike priced under 1.5 Lakh. Available in three different variants, you can purchase it in nine attractive colours. Powered by a 149.2cc engine, it delivers a top speed of 112-115 km/h with a peak torque of 13.4 Nm @ 6,000 rpm. Giving a mileage of 65 kmpl, it is undoubtedly the best mileage bike under 1.5 Lakh. Other attractive features include a fuel gauge, digital odometer, digital speedometer, single-channel braking system, and analogue tachometer.
 
Avg. Ex-Showroom Price Rs 1.04 Lakh
Mileage 65 kmpl
Fuel Tank Capacity 15 litres

Honda Unicorn

Honda Unicorn

Honda Unicorn is a perfect example of class, quality, and comfort. It incorporates a single-cylinder, 4-stroke, 160cc engine with a 5-speed manual transmission system. Its single-pod halogen lamp, headlights and fuel tank with chrome accents and footpegs in the front give it a premium yet classy look. Smooth power delivery, lightweight, comfortable design, fuel efficiency, and high ground clearance make Unicorn a highly sought-after bike under 1.5 Lakh.
 
Avg. Ex-Showroom Price Rs 1.05 Lakh
Mileage 60 kmpl
Fuel Tank Capacity 3 litres

TVS Apache RTR 180 ABS

TVS Apache RTR 180 ABS

The TVS Apache is one of the best-selling bikes below 1.5 Lakh. Powered by a 177.4cc engine delivering a power of 17.3bhp, it has an air-cooled system with 5-speed manual transmission. Featuring petal disc brakes on the front and rear, it has a double-cradle frame with twin gas-charged rear shock absorbers and a telescopic front fork. Other features include a full digital display, voice assistance, LED headlight, three riding modes, and Bluetooth connectivity.
 
Avg. Ex-Showroom Price Rs 95,000
Mileage 40 kmpl
Fuel Tank Capacity 16 litres

Bajaj Avenger Street 160

Bajaj Avenger Street 160

Bajaj Avenger Street 160 is a cruiser bike with a premium look and feel. An air-cooled, 4-stroke, fuel-injected, 160cc engine produces a power of up to 14.79 bhp and a top speed of 105 km/h. Standard features include a circular headlamp, a digital plus analogue speedometer, low seat height, and an overall street-oriented design. Easy handling, excellent performance, comfortable ride, and good engine power make it an ideal bike within 1.5 Lakh.
 
Avg. Ex-Showroom Price Rs 1.11 Lakh
Mileage 50 kmpl
Fuel Tank Capacity 13 litres

 Bajaj Avenger Cruise 220

Bajaj Avenger Cruise 220

It is a luxury cruise bike within 1.5 Lakh with a classic, vintage design that speaks elegance and comfort. It has a 220cc oil-cooled engine that produces a max power of up to 18.4bhp and a top speed of 120 km/h. Available in only one variant and two colours, it has a laid-back design with a long-slung saddle, wide windscreen, long wheelbase, and chrome touch-ups on various parts.
 
Avg. Ex-Showroom Price Rs 1.37 Lakh
Mileage 53 kmpl
Fuel Tank Capacity 13 litres

Honda Hornet 2.0

Honda Hornet 2.0

Honda Hornet 2.0 is a new bike under 1.5 Lakh, featuring a 184cc single-cylinder air-cooled engine generating a power of up to 17.03bhp. Known for its aggressive styling and good performance, it is a good bike with practical features. Its prime features include a short fuel tank stretching towards the rider's side, full-LED lights for the headlamp, side blinders, and tail lamp.
 
Avg. Ex-Showroom Price Rs 1.36 Lakh
Mileage 48.5 kmpl
Fuel Tank Capacity 12 litres

Also Read: ADVANTAGES OF BUYING A BIKE WITH A TWO WHEELER LOAN

 
Yamaha FZ FI V3.0

Yamaha FZ FI V3.0

A fuel-injected, single-cylinder, 2-valve engine powers the Yamaha FZ FI V3.0, which helps it deliver a max power of up to 12.4 bhp. Featuring an ECO indicator, LED headlight, fuel warning, motocross suspension, Bluetooth connectivity, engine kill switch, side stand engine cut-off, and ABS, it has a fantastic shock-absorbing ability that makes it a perfect bike within 1.5 Lakh for daily city commuting.
 
Avg. Ex-Showroom Price Rs 1.14 Lakh
Mileage 49.31 kmpl
Fuel Tank Capacity 13 litres


TVS Apache RTR 160 4V

TVS Apache RTR 160 4V

One of the most successful bike models from TVS, it is highly popular for its top-notch performance, technical features, design style, and affordability. Available in five variants and six colours, its key specs include the 140cc engine, decent 50 kmpl mileage, and a top speed of 114 km/h.
 
Avg. Ex-Showroom Price Rs 1.08 Lakh
Mileage 50 kmpl
Fuel Tank Capacity 12 litres

While looking for the best bike under 1.5 Lakh, each bike in this list has different features and specs. Look into the key points carefully to decide which bike suits your needs while fitting into your budget. Need financial support to buy one of these bikes under 1.5 Lakh at the on-road price? Use the 2-wheeler loan calculator on our website to know your eligibility and apply online for a Hero FinCorp bike loan to fund up to 95% of your bike’s price. 

We at Hero FinCorp provide two-wheeler loans of up to ₹1,00,000/- for all Hero MotoCorp two-wheelers. For other two-wheeler brands, you can take our collateral-free Personal Loans with no end-use restrictions. 



 

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Did You Know

Disbursement

The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.

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