Bike Loan Interest Rate SBI: यही से जाने Eligibility Criteria, Documents और अप्लाई करने का पूरा प्रोसेस Step By Step


Bike Loan Interest Rate: SBI Two Wheeler Loan in India has evolved beyond mere transportation; it’s often a necessity. Given the challenges of overcrowded public transport in major cities, owning a two-wheeler is now an essential part of daily life for many Indians. State Bank of India (SBI) offers a hassle-free solution for individuals across India looking to buy a new motorcycle, scooter, moped, or battery-operated vehicle of their choice.

As the leading bank in this sector, SBI provides a range of Two Wheeler loan options to cater to diverse customer needs. If you’ve been dreaming of owning your dream Two Wheeler, SBI can turn that dream into reality without a long wait. The bank offers exceptional deals on Two Wheelers, making it more accessible to everyone.

With SBI’s Two Wheeler Loan, your dream machine can soon become a reality. The bank not only offers competitive deals but also boasts the lowest rates and EMI options in the Two Wheeler loan segment. Additionally, the loan application process is streamlined with minimal paperwork, and disbursement is swift. SBI offers Two Wheeler loans in various categories, including New Two Wheeler Loans and the Super-Bike Loan Scheme.



ServiceTwo Wheeler Loan
Article NameBike Loan Interest Rate SBI
Apply ProcessOnline
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Bike Loan Interest Rate

SBI Two Wheeler Loan Details

Interest Rate11.80% – 17.60%
Processing Fees1.24% – 2.03%
Lowest EMIRs 361 per Thousand
Prepayment ChargesNil
Minimum IncomeRs. 5000 per month
Loan Repayment1 to 3 years

SBI Two Wheeler Loan Interest Rates

SchemeRate of Interest
SBI Two Wheeler Loan17.66% p.a.
Super Bike Loan Scheme11.85% p.a.

Read Also: Gold Loan Interest Rate SBI: जाने क्या है? Benefits, Eligibility और क्या Documents लगेगा पूरी जानकरी

Features Of Two Wheeler Loan

  • No Advance EMI
  • Lowest EMI
  • Lower Interest Rates
  • Free accidental insurance
  • Optional SBI Life cover
  • Robustness of payment of EMI anytime during the month
  • Interest calculated on daily reducing Balance

Eligibility Criteria for SBI Two Wheeler Loan

The requirements for qualifying for the SBI Two Wheeler loan include:

  • Age requirement: Between 21 and 65 years
  • Employment eligibility: Must be a permanent employee of:
  • State or central government
  • Public sector undertaking
  • Private company
  • Reputed establishment


  • An income tax assessee who is a professional or self-employed individual


  • Occupation: Engaged in Agriculture and allied activities
  • Minimum net income requirement:
  • Regular petrol/diesel/gas operated scooters and motorcycles: Rs. 75,000
  • Mopeds and battery-operated two-wheelers: Rs. 60,000

When selecting your lender, consider calculating the total amount to be paid, rather than solely focusing on interest rates or EMIs. For SBI’s certified pre-owned Two Wheeler loan, there is a processing fee of 0.51% of the loan amount. The processing fee ranges from a minimum of Rs. 510 to a maximum of Rs. 10,530.

Apply for an SBI Two Wheeler Loan:

For those looking to secure an SBI two-wheeler loan, individual applicants have the flexibility to apply through either the online or offline channels, by visiting an SBI branch of their preference. SBI stands out as a top choice, particularly for individuals seeking discounted loan rates for financing their two-wheelers. This preference is attributed to SBI’s extensive nationwide presence and its highly competitive interest rates on two-wheeler vehicle loans.

Documents Required:

In order to apply for an SBI Two Wheeler loan, you are required to provide the following documents to the bank:

  • Bank account statement for the last six months
  • Two passport size photographs
  • Copy of passport, PAN, and voter ID
  • Proof of address
  • Salary slip with detailed information
  • Form 16 (income tax return) for the last two years (if salaried) or three years (if professional, self-employed, or a businessman) with ITO acceptance
  • Non-salaried individuals must provide proof of official address.

SBI Two Wheeler Loan Terms and Conditions:


Margin: For new or used vehicles, a 15% margin of the on-road price is required. This price encompasses Two Wheeler insurance, one-time road tax, accessories, and registration charges.

Repayment: SBI provides the industry’s most extended repayment options, allowing up to five years for super Bikes and 36 months for normal Bikes.

SBI provides financing at the interest rate applicable to a new Two-Wheeler if you have purchased a Two-Wheeler with your own funds and it is less than three years old.

Security: In accordance with the bank’s current guidelines.

FAQ?: SBI Two Wheeler Loan

1. Which brands of Two Wheelers does SBI provide financing for?

SBI offers financing for all brands of new Two Wheelers and second-hand Two Wheelers that are under five years old. This gives customers the freedom to select the vehicle of their choice.

2. How does the SBI Two Wheeler loan stack up against loans provided by other institutions?

SBI maintains complete transparency when it comes to disclosing the interest rates and associated fees.

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