At the time of this pandemic, many have a crunched budget and for that reason many seek for a way where they do not have to make a down payment at all to own a bike. If you too are looking for a bike loan without down payment, then rest assured. You can buy a bike without having to make such a lump sum payment. Many reputed lenders offer 100% financing on bike loans. But, before that, let us first understand the concept of down payment for a better understanding.