Two-Wheeler Loan Interest Rates for All Banks

State Bank of India

• Get loans for both regular two-wheelers as well as superbikes.
• Minimum income is Rs.12,500
• Minimum loan amount that can be availed is Rs.20,000.
• Repayment tenure of up to 3 years.

HDFC Bank

• Get financing of up to 100% of the value of your vehicle.
• Minimum monthly income required is Rs.10,000
• Enjoy flexible repayment options.
• Get fast and easy loan approvals and disbursements.
• Online loan application process.

Punjab National Bank

• Special two-wheeler loan scheme for women borrowers.
• Extended repayment period of up to 5 years (60 months) for scooters and motorcycles.
• Low minimum monthly income criterion.

Union Bank of India

• The bank offers up to Rs.10 lakh for purchasing two-wheelers.
• There is no prepayment fee if you prepay using your own funds.
• No prepayment penalty
• Hypothecation of vehicle purchased out of bank's finance
• No guarantee required for individual borrowers with CIBIL score of 700 and above
• Zero processing fee
• Repayment tenure of up to 3 years.

Axis Bank

• Get financing of up to 100% of the value of your vehicle.
• Repayment tenure of up to 4 years.
• You can apply online for a two-wheeler loan.
• Minimal documentation required

Two-wheeler Loan Eligibility

Lenders have certain eligibility criteria they expect you to fulfil before they process your application. These may vary from one lender to another. Some of the general eligibility criteria are as follows:

Note: These criteria may be different for different lenders. Check with the lender of your choice before applying.

Documents Required for Two-Wheeler Loans

Every lender requires you to submit certain documents while applying for a loan. Some of the general documents required are given below:

Note: The documents required may differ from one lender to another. Check with your lender for what they require you to submit.