SBI Bike Loan

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

If you are looking for ways to fund the purchase of your next bike, the SBI Two-wheeler Loan can be a great option. Be it a commuter bike or the newly launched super bike, there is a loan scheme offered by SBI that may fit your requirements.

You can choose from various types of loan schemes based on the two-wheeler you are looking to purchase and finance it with ease.

SBI Two-wheeler Loan Interest Rates 2025 and Their Charges

Here are the interest rates and other associated charges of SBI Two-wheeler Loans:

Particulars	SBI Two-wheeler Loan Scheme	SBI Super Bike Loan Scheme	SBI Easy Ride
Loan Amount	Minimum: ₹50,000 Maximum: ₹3 Lakhs	Minimum: ₹1.50 Lakhs Maximum: ₹25 Lakhs	Minimum: ₹20,000 Maximum: ₹3 Lakhs
Interest Rates	13.35% to 14.85% p.a.	12.85% to 14.35% p.a.	10.5% p.a.
Processing Fee	2% of the loan amount + GST	2% of the loan amount + GST
Prepayment Charges	1% of the prepayment amount + GST	1% of the prepayment amount + GST
Prepayment Period	Up to 60 months	Up to 60 months
Minimum Income Required	Pensioners and Salaried: ₹10,000 p.m. Others: ₹1.50 Lakhs p.a.	₹3 Lakhs and above p.a.

*Disclaimer: The interest rates and charges mentioned above are subject to constant change. Contact the lender to cross-check the values prior to making any decision.

SBI Two-wheeler Loan EMI Calculator

The SBI Two-Wheeler EMI Calculator is a simple tool that calculates EMIs and monthly interest. With this information, you can opt for a comfortable repayment plan. Enter the following details into the tool:

Loan Amount
Tenure
Rate of Interest

Loan Amount

Tenure

Rate of Interest

Your Monthly Two Wheeler Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

Download

Year	Payable Amount	Principal	Interest	Balance

Features and Benefits of SBI Bike Loan

Check out the attractive benefits you can enjoy with a two-wheeler loan from SBI:

High Loan Amounts

Borrow up to ₹3 Lakhs through the two-wheeler loan scheme and up to ₹25 Lakhs via the Super Bike Loan scheme

High LTV Ratio

Borrow up to 85% of your bike’s on-road price with the SBI Two-wheeler Loan and Super Bike Loan

Flexible Tenures

Repay the loan over a comfortable time period of your choosing, with tenures ranging up to 5 years

Zero Prepayment Charges

Choose to prepay or foreclose your loan without having to pay any additional charges or penalties

Minimal Downpayment

The loan can fund up to 85% of your bike’s purchase, enabling you to own the bike by paying a smaller down payment

Vehicle Coverage

Get financing for a range of two-wheelers, such as new motorcycles, scooters, mopeds, superbikes, and battery-operated two-wheelers

Eligibility Enhancement

Apply for the two-wheeler loan with a co-applicant and combine the incomes to boost loan eligibility

Documentation Required

Start the loan application digitally with minimal paperwork and enjoy a hassle-free financing process

Eligibility Criteria and Documents Required for SBI Two-wheeler Loan

Here are certain SBI Bike Loan eligibility criteria you may be required to meet in order to qualify for the loan:

Nationality: Indian
Age:

SBI Two-wheeler Loan Scheme: 18 to 65 years
Super Bike Loan Scheme: 21 to 57 years

Minimum and Maximum Income Required

SBI Two-wheeler Loan Scheme: Minimum: ₹50,000, Maximum: ₹3 Lakhs
Super Bike Loan Scheme: Minimum: ₹1.50 Lakhs, Maximum: ₹25 Lakhs
SBI Easy Ride: Minimum: ₹20,000, Maximum: ₹3 Lakhs

Employment Type: Salaried, Professional, Self-employed, Pensioners, Government employees, companies, establishments, etc.

Alongside this, you may also be required to submit some documents, as listed below:

Completed loan application
Passport-size pictures
Identity Proof: Voter ID card, Passport, Driving licence, PAN card
Address Proof: Voter ID card, Passport, Driving licence, PAN card, Telephone or electricity bill
Income Proof: Salary slips for the last 3 months, bank account statements for the last 6 months, Form 16, ITR and GST returns (professionals or businessmen), copy of PPO (pensioners)

How to Apply for an SBI Bike Loan

Follow these steps to apply for an SBI bike loan online:

Go to the official website of SBI
Navigate to the loans section
Choose ‘Auto Loans’ from the drop-down menu
Select the scheme as per your preference and requirement and click on ‘Apply Now’
Fill in your personal information and contact details in the form provided
You will get a loan offer based on the information you enter
Accept the offer and complete the application

Disclaimer

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.

Two Wheeler Loan Providers

Upcoming Bikes & Prices

How much is the processing fee charged by SBI on a bike loan?

SBI charges a processing fee of up to 2% of the loan amount plus relevant service tax, with a maximum of ₹10,000.

Are there any prepayment charges on SBI Two-wheeler Loan?

Yes, you need to pay 1% of the prepayment amount + GST as prepayment charges if you choose to close the loan earlier.

What is the minimum age requirement to get a two-wheeler loan from SBI?

You must be at least 18years old at the time of loan approval.

What is the interest rate charged on a two-wheeler loan by SBI?

Here are the interest rates for various two-wheeler loans that you can get from SBI:

SBI Two-wheeler Loan Scheme: 13.35% to 14.85% p.a.
Super Bike Loan Scheme: 12.85% to 14.35% p.a.
SBI Easy Ride: 10.5% p.a.

Does the maximum loan amount depend on my salary?

Yes, the maximum loan amount is up to 6 times your Net Monthly Income (NMI). The EMI/NMI ratio is 60% for SBI Salary Package customers and 50% for others.

Will I get a loan if I want to buy an electric bike?

Yes, you can get a loan from SBI to buy an electric bike. However, you must meet the bank’s eligibility criteria to check whether you qualify.

How do I increase my loan eligibility?

A higher credit score can increase your chances of loan approval, and you may secure a lower interest rate.

Can I get a zero down payment two-wheeler loan from SBI?

No, SBI does not offer zero down payment two-wheeler loans. However, the bank provides loans with different eligibility criteria and margin requirements.