Axis Bank Two Wheeler Loan

✓ Interest Rates Starting @ 0.99% p.a. ✓ Up to 100% Financing ✓ Repayment Tenure of up to 4 Years Apply Now

Axis Bank was the first of the new private banks to emerge in 1994 when the Indian government approved the establishment of new private banks. The bank has grown over the years to become India's third-largest private sector bank, with over 11000+ ATMs and 4000 branches across the nation.

The bank offers various products to their customers, including credit cards, different types of loans, insurance, and many more. The bank provides two types of bike loans: a two wheeler loan and a superbike loan. Among these two, Axis Bank Two Wheeler Loan is one of the most popular offerings among its consumers. The Axis Bank Two Wheeler Loan allows you to purchase a bike of your choice without any inconvenience. The loan starts from Rs. 25,001 with flexible tenor of up to 48 months. You can repay the amount of Axis Bank Two Wheeler Loan in manageable EMIs.

Axis Bank Two Wheeler Loan Interest Rate & Fees

You can avail an Axis Bank Two Wheeler Loan at low-interest rates. Axis Bank Two Wheeler Loan interest rate starts from 10.80% per annum and goes up to 28.30% per annum.

Here is the detailed information about Axis Bank Two Wheeler Loan interest rate:

Particulars	Details
Axis Bank Two-Wheeler Loan Interest Rates	For two-wheeler loan - 16.50%* p.a to 24% p.a. For Super Bike loan - 11% p.a. onwards
Maximum Loan Amount	For two-wheeler loan - Up to 100% of the vehicle’s on-road price For Super Bike loan - Up to 85% of the vehicle’s on-road price
Minimum Loan Amount	For two-wheeler loan - ₹25,000 For Super Bike loan - ₹1 Lakh
Minimum Income Requirement	For Salaried Persons: ₹1.44 Lakhs p.a. (two-wheeler loan) ₹4.8 Lakhs p.a. (Super Bike loan) For Self-Employed Persons: ₹2.5 Lakhs (two-wheeler loan) ₹4 Lakhs p.a. (Super Bike loan)
Repayment Tenor	For two-wheeler loan - 12-48 months For Super Bike loan - 12-60 months
Processing Fee	Up to 2.5% of the loan amount

Features & Benefits

Axis Bank Bike Loan has two options: a two wheeler loan and a super bike loan. Below are the features & benefits of these loans:

1. Axis Bank Two Wheeler Loan

You can opt for a minimum loan amount of Rs.25,001.
You will get a 48-month flexible payback period to repay the loan amount.
You can choose to pay back the amount in EMIs at your convenience.
There is very little documentation required for availing of the loan.
The approval process of the loan is quick and straightforward.
You will get the loan-to-value of up to 100% on-road expenditure.
Electric vehicles may be eligible for a 50 basis point interest rate reduction.

2. Super Bike Loan

The loan starts from Rs. 1 Lakh.
The disbursement process of the loan is easy and quick.
You will benefit from a flexible repayment tenor of up to 60 months.
You can pay the loan amount into EMIs.
The loan follows the minimal documentation procedure.
You can get the loan-to-value of up to 85% on-road expenditure.

Eligibility Criteria

Below are the tables containing detailed information about the eligibility criteria for Axis Bank Bike Loan.

Two Wheeler Loan

Eligibility Criteria	Salaried Individual	Self-employed Individual
Minimum Age	21 years	21 years
Maximum Age	58 years	65 years
Annual Income	Rs. 1.44 Lakh	Rs. 2.5 Lakh
Work Experience	1 year	Should have been in the same field of business for at least a year

Super Bike Loan

Eligibility Criteria	Salaried Individual	Self-employed Individual
Minimum Age	21 years	21 years
Maximum Age	58 years	60 years
Annual Income	Rs. 4.8 Lakh	Rs. 4 Lakh
Work Experience	2 years	Should have been in the same field of business for at least two years

Documents Required

Here is the table listing all of the documents required for the Axis Bank 2 Wheeler Loan.

Salaried Individual	Self-employed Individual
Signed application form	Signed application form
Recent passport size photograph	Recent passport size photograph
Proof of Identity (PAN card, Voter ID card, Passport, Driving license)	Identity proof (PAN card, Voter ID card, Passport, Driving license)
Age proof	Age proof
Address proof (Utility bills, Passport, Rent agreement)	Address proof (Utility bills, Passport, Rent agreement)
KYC documents	KYC documents
Form 16	ITR of previous two years
Proforma invoice	Proforma Invoice
Salary slip of previous three months	Shop & Establishment act certificate
Bank account statement of previous three years	Regd. lease with other utility bills
-	Sales tax or VAT certificate
-	SSI or MSME Registration Certificate
-	Bank account statement of previous three years

How to Apply for Axis Bank Two Wheeler Loan?

You can apply for the Axis Bank Two Wheeler Loan online and offline.

Here are the steps to apply online for the Axis Bank Two Wheeler Loan.

Step 1: As a first step, browse Axis Bank's official website.

Step 2: You will see the loan section on the page. Under the loan section, choose 'Two Wheeler Loans.'
Step 3: After that, select 'Apply Online.'
Step 4: You will be sent to a new page as a result of doing so where you need to provide your name, cell phone number, email address, state, and city.
Step 5: Thereafter, you will be asked to enter a captcha and accept the terms and conditions.
Step 6: After filling up all the required details, click the 'Submit' button.

Step 7: Following that, a customer representative from the bank will contact you and walk you through the entire two wheeler loan procedure.

You can also apply for the Axis Bank Two Wheeler Loan through Axis Mobile App.

How to Apply for Axis Bank Two Wheeler Loan Offline?

You may visit your nearest Axis Bank branch and apply for the same. The bank's committed professionals will be there to guide you about the procedure. The bank has also provided a helpline number (18004197878), which you could call if you have any questions concerning the mortgage process.

Axis Two-Wheeler Loan Processing Fees and Charges

Axis Bank Bike Loan Particulars	Fees and Charges
Processing Fee	Up to 2.5% of the loan amount
Overdue EMI Interest	2.5% per month on the unpaid instalment sum
Documentation Charges	₹750
PDD Collection Charges	₹200
Stamp Duty and Statutory Charges	At actuals
Cheque Bounce Charges	₹339 per case
Instrument Swap Charges	₹500 per case
Duplicate NOC Charges	₹50 per request
Duplicate Statement Issuing Charge	₹250 per case
Duplicate Repayment Schedule Issuing Charge	₹250 per case
Loan Agreement Photocopy Issuing Charge	₹250 per case
Loan Cancellation/Rebooking Charges	₹550
Foreclosure Charges	5% of the outstanding principal amount
Penal Interest	2% p.m.

Benefits of Availing an Axis BankTwo-Wheeler Loan

Funding for Different Kinds of Bikes - Axis Bank two-wheeler loans provides finance options for a range of new two-wheelers. Thus, whether you want a bike within the 500cc range or an eco-friendly EV, Axis Bank auto loans have you covered.
Minimal Documentation and Swift Approvals - You can apply for an Axis Bank two-wheeler loan online with just a basic set of KYC documents. Once verified, your loan amount will be disbursed in just a matter of days. This streamlined process makes applying for a two-wheeler loan hassle-free and easy.
No Margin Requirement Worries - With an Axis Bank bike loan, you won’t have to compromise on the kind of bike you want just because you’re falling short on the down payment amount. Axis Bank’s regular two-wheeler loan scheme offers up to 100% financing options for your new bike. This means that you won’t have to cover margin costs with out-of-pocket payments.
Plan Ahead with No Savings Loss - Axis Bank two-wheeler loans allow you to buy your dream bike without dipping into your savings. You get to convert the loan amount into manageable bite-sized instalments and pay them over a flexible tenure of 12-60 months. To diligently plan ahead and prevent overburdening your monthly expenses, you can use the Axis Bank EMI calculator to pick a favourable loan tenure.

Axis Bank Contact Details

Should you have any queries or concerns regarding an Axis Bank 2-wheeler loan, you can get in touch with the bank via its toll-free customer care numbers - 1860-419-5555/1860-500-5555 or visit your nearest bank branch to get immediate assistance. Alternatively, you can also write in your queries at loans@axisbank.com.

Disclaimer:

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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What is the maximum tenor of the Axis Bank bike loan?

The Axis Bank Bike Loan has a maximum tenor of up to 60 months.

Is age an eligibility factor to get a two wheeler loan from Axis Bank?

Yes, age is an essential eligibility factor. The bank has different age criteria for salaried and self-employed people.

Salaried Person:

The minimum age should be 21 years, and the maximum should be 58 years.

Self-employed Person:

The minimum age should be 21 years, and the maximum should be 65 years.

Does Axis bank charge the same interest rate for bike and super bike loans?

No, the interest rates for a bike and a superbike loan are not the same. Axis Bank charges interest on bike loans ranging from 10.80% per annum to 28.30% per annum, while superbike loans carry interest ranging from 9.25% per annum to 16.00% per annum.

How can I check my bike loan status in Axis Bank?

You can visit the Axis Bank official website or download the Axis Bank Mobile App to check your bike loan status.

What are the foreclosure charges for the Axis Bank bike loan?

Axis Bank caps foreclosure charges at 5% of the outstanding loan amount for both its two-wheeler and superbike loans.

How much auto loan can I get from Axis Bank?

While Axis Bank two-wheeler loans cover up to 100% of the bike’s on-road price, an Axis Bank Super Bike loan will cover 85% of the bike’s on-road price.

Do I need to get my KYC done in order to apply for a two-wheeler loan at Axis Bank?

Yes. To show that you meet Axis Bank bike loan’s eligibility criteria, you will have to furnish a set of KYC documents that prove your identity, address, employment status, income etc. You will need to submit these necessary documents with the loan application form for KYC verification.