Axis Bank Two Wheeler Loan

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

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

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.

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.

Axis Bank Two Wheeler Loan EMI Calculator

You can easily calculate your EMI with the help of the Axis Bank Two Wheeler Loan EMI calculator.  It is a fantastic online tool that can give you the answer in a fraction of a second and allows you to understand the proper amount of your EMI.

Here is the formula that you can use to calculate your EMI.

P x R x (1+R)^N / [(1+R)^N-1]

Where,

P is the loan's principal amount

R is the interest rate

N is the number of monthly payments

Axis Bank Bike Loan Eligibility Criteria

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

Two Wheeler Loan

Super Bike Loan

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.

Documents Required for Axis Bank 2 Wheeler Loan

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

Axis Two-Wheeler Loan Processing Fees and Charges

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.

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