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

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The State Bank of India was established in 1806 and is one of Asia's oldest commercial banks. With over 24,000 branches and 59,000 ATMs, it is a large banking and financial services public sector corporation. It is India's largest bank, with a 20% market share in deposits and loans among commercial banks, making it genuinely a bank for all Indians. Among the many services it provides to its customer base, one of the most sought after is the SBI Two- Wheeler Loan.


SBI Two Wheeler Loan Interest Rate & Fees

SBI Two Wheeler Loan


Interest Rate

16.25 percent

Maximum Loan Amount

Rs. 2.5 Lakhs

Minimum Loan Amount

Rs. 30,000

Minimum Income Requirement

Rs. 1.5 Lakhs

Repayment Period

3 years

Processing Fee

2 percent


Features & Benefits of SBI Two Wheeler Loan

  • Two-wheeler loans are simple to obtain and repay.

  • SBI Two Wheeler Loan is available at a reasonable interest rate that will not burn a hole in your pockets.

  • When you pay your bills on time, it improves your credit score and helps you develop a credit profile.

SBI Two Wheeler Loan EMI Calculator

SBI Two Wheeler Loan EMI is a fixed monthly payment that you make to repay your bike loan until the end of the term. SBI offers the lowest EMI of Rs. 353 per ten thousand loan amount at a 16.25 percent interest rate on two wheeler loans. The EMI calculator for an SBI bike loan is based on the following factors:

  • The interest rate on your SBI loan is a significant component that impacts your EMI. The EMI will be higher if the interest rate is higher.

  • The length of your loan is also significant, as a longer-term lowers your monthly EMI.

  • Your EMI is determined by the amount of money you plan to borrow. If you apply for a big loan, the EMI will be hefty.

  • The technique of calculation for EMI calculation varies from bank to bank.

SBI Bike Loan Eligibility Criteria

Before loan applications are granted, banks specify certain variables or criteria that must be met.


Minimum 21 years

Maximum – 65 years



Employment Type

Salaried or Self-employed

Minimum Income

INR. 50,000

Maximum Loan Amount

90 percent on cost of vehicle


Minimum – 12 months

Maximum – 60 months

Credit Score

750 and above


These are the general requirements that must be met in order for your loan to be accepted. These criteria will differ from one bank to the other.

How to Apply for an SBI Two Wheeler Loan?

You can apply either online or in-person at a State Bank of India (SBI) branch near you. You can also obtain a two wheeler loan application form from the official website of the State Bank of India (SBI), fill it out, and submit it to a bank representative. There are two ways to apply for SBI two wheeler loans.

Applying for SBI Bike Loan Online

SBI includes EMI calculators that you can use to figure out how much your monthly EMI will be. Once you've decided on a two wheeler, you'll know how much money you'll need for a loan, and you can play about with the tenor and interest rate to see what works best for you. Follow these steps to apply for a SBI bike loan online:

Step 1: Go to the official website of SBI

Step 2: Navigate to the loans section

Step 3: In that section, choose ‘Auto Loans’, from the drop-down menu.

Step 4: You will be directed to a page where you will see the option of ‘SBI Two Wheeler Loan Scheme’

Step 5: You will then be redirected to a page where you will have to fill up your contact details

Step 6: After this an SBI representative will get in touch with you, to take the process further.

Documents Required for SBI 2 Wheeler Loan

Important documents to submit when applying:

  • Loan application that has been completed

  • 3 pictures of passport size

  • Photocopies of voter ID cards, passports, driving license, and PAN cards are acceptable forms of identification.

  • Photocopies of recent telephone/electricity bill as proof of residency

  • Last six months' bank account statement

  • Returns on Form 16

SBI Two Wheeler Loan FAQs

✔️How much interest rate is charged by SBI for a Two Wheeler Loan?

The current interest rates on SBI bike loans range from 16.25 percent to 18.00 percent.

✔️How much is the processing fee charged by SBI on a Bike Loan?

SBI charges a processing fee of 2% of the loan amount plus relevant service tax, with a minimum of Rs. 1,000.

✔️Are there any prepayment charges on SBI Two Wheeler Loan?

You can prepay your SBI two wheeler loan with no fees.

✔️What is the minimum age to get an SBI Two Wheeler Loan?

You must be at least 21 years old at the time of loan approval and 65 years old at the time of loan maturity to qualify for an SBI two wheeler loan.