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

IDFC FIRST Bank offers its customers cost-efficient ways to become bike owners. The bike loans offered by the lending institution come with ‘reducing rate’ interest rates starting from just 9.99% p.a. Apply for the loan on IDFC FIRST Bank’s official portal easily, anytime, anywhere. 

Interest Rates and Charges

IDFC FIRST Bank Two-wheeler Loan interest rates and other associated charges are as follows:

Interest Rate

9.99% p.a. onwards

Processing Fee

Up to 5% of the loan amount

Other Charges (if applicable)

Up to ₹2,000

Foreclosure Charges

5% of the principal amount

Late Payment Fee

2% per month of the unpaid EMI or ₹300, whichever is higher

*Disclaimer: The interest rates and charges mentioned above are subject to constant change. Check the information with the lender before making any financial decisions. 

IDFC FIRST Bank Two Wheeler Loan EMI Calculator

Loan Amount
Rate of Interest
Two Wheeler Loan
Your Monthly Two Wheeler Loan EMI
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Total Interest
Total Amount Payable
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Year EMI Principal Interest Balance

Features and Benefits

Low Interest Rates

Benefit from interest rates starting as low as 9.99% p.a.

High LTV Ratio

Borrow amounts of up to 95% of your bike’s value with the help of this loan

Low Down Payment

Secure higher loan amounts with this option, resulting in lower down payments

Zero Hidden Charges

You can be assured of complete transparency and disclosure when opting for this loan

Minimal Documentation

No need for extensive paperwork with the minimal documentation process

Eligibility Criteria and Documents Required

For the approval of your bike loan, you need to fulfil the stipulated eligibility requirements. The eligibility criteria are listed below:

  • You must be an Indian citizen.

  • You must be over 21 years old.

  • If your age falls under the range of 18 to 21 years, you must mandatorily have a co-applicant. 


In addition to this, you will also be required to submit some documents which are as follows:

  • Passport-size photograph

  • KYC Documents: Any one of the following

    • Passport

    • Aadhaar card

    • Drivers licence

    • Voter ID

  • Duly filled loan application form

How to Apply?

The IDFC FIRST Bank Bike Loan comes with a convenient online application process. Here’s a step-by-step guide to help you apply:

  • Fill in the online form by providing your personal and professional details

  • Submit identity, address and income proofs, as requested

  • The bank will now authenticate your loan application and documents

  • Upon successful verification, you will be informed about the approval of your loan


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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How much interest is charged by IDFC Bank on two-wheeler loans?

The IDFC FIRST Bank interest rate charged on two-wheeler loans can range from 9.99% to 18.99% p.a.

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

Yes, age is a crucial eligibility requirement. You need to be more than 21 years old to apply for an IDFC FIRST Bank Two-wheeler Loan. If you fall under the age bracket of 18 to 21 years, you compulsorily need a co-applicant.

Do self-employed individuals need to provide a guarantee to get a bike loan from IDFC FIRST Bank?

Self-employed individuals are not required to provide any guarantee for securing a two-wheeler loan from IDFC FIRST Bank. They may be required to provide documents to prove their income and business existence.

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