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.
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:
For Self-Employed Persons:
|
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:
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.
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.
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
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 |
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.
You can also apply for the Axis Bank Two Wheeler Loan through Axis Mobile App.
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.
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 |
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. |
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.
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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Non Partner Two Wheeler Loan Providers
The Axis Bank Bike Loan has a maximum tenor of up to 60 months.
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.
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.
You can visit the Axis Bank official website or download the Axis Bank Mobile App to check your bike loan status.
Axis Bank caps foreclosure charges at 5% of the outstanding loan amount for both its two-wheeler and superbike loans.
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.
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.
Yes. Axis Bank can charge up to 2.5% of the loan amount as a processing fee for sanctioning a bike loan
Yes. You can prepay your Axis bank bike loan after 12 EMIs
Salaried employees of 21-58 years and self-employed individuals of 21-65 years can apply for an Axis Bank bike loan.