✓ Attractive Interest Rates ✓ Repayment Tenure of up to 3 Years ✓ Smooth Online Process 

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 of Axis Bank Two Wheeler Loan

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

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

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.

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 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.

Axis Bank Two Wheeler Loan FAQs

  • ✔️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.

  • ✔️Are there any processing fees for Axis Bank two-wheeler loans?

    Yes. Axis Bank can charge up to 2.5% of the loan amount as a processing fee for sanctioning a bike loan

  • ✔️Can I prepay the Axis Bank bike loan?

    Yes. You can prepay your Axis bank bike loan after 12 EMIs

  • ✔️What are the age limits of applicants for Axis Bank?

    Salaried employees of 21-58 years and self-employed individuals of 21-65 years can apply for an Axis Bank bike loan.

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