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


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 

SBI Bike Loan

SBI Super Bike Loan

SBI Two-Wheeler Loan Interest Rates

16.95% p.a. - 18.70% p.a

Starts from 11.20% p.a.

Maximum  Loan Amount

₹3 Lakhs

₹25 Lakhs

Minimum Loan Amount


₹1.5 Lakhs

Minimum Income Requirement

For Salaried Persons: ₹12,500

For Self-Employed Persons: ₹1.5 Lakhs p.a.

For Salaried Persons: Above ₹3 Lakhs Per Year

For Self-Employed Persons: Above ₹3 Lakhs Per Year

Repayment Tenor

36-48 months

48 months (4 years)

Processing Fee

2% of the loan amount + GST

2% of the loan amount + GST

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 Processing Fees

Before you opt for an SBI two-wheeler loan, here’s a list of processing charges you should review.

SBI Two-Wheeler Loan Fees and Charges

SBI Bike Loan Fees and Charges

SBI Super Bike Loan Fees and Charges

Processing Fee

2% of the loan amount + GST

2% of the loan amount + GST

Minimum Processing Fee

₹1000 + GST


Maximum Processing Fee


₹10,000 + GST

Prepayment Charges



Benefits of Availing SBI Two-Wheeler Loan

  • Easy Finance for your Dream Two-Wheeler - Since SBI bike loans offer easy financing options for a range of new two-wheelers, buying your dream bike on EMI won’t be a hassle. From scooters, motorcycles and mopeds to superbikes and EVs, you can purchase your dream two-wheeler with an SBI bike loan without budget constraints weighing you down. 

  • Minimal Down Payment - While EMI payments ease the burden on your pocket, the down payment clause can still make a sizable dent in your savings. However, with SBI Bank’s two-wheeler loans, this is not an issue you will face. Since SBI bike loans cover up to 85% of the vehicle’s on-road price, you won’t have to worry about making a sizable down payment, even when you purchase an expensive superbike. 

  • Pocket-Friendly Interest Rates - With an SBI auto loan, you won’t have to worry about hefty interest payments. For regular motorcycles, scooters and mopeds, SBI two-wheeler loan interest rates start from 16.95% p.a., while for superbikes, the interest rate starts from a nominal 11.20% p.a. 

  • High-Value Financing Options - Whether you’re a self-employed individual or a salaried employee, if you meet the basic income criteria outlined by the bank, you can easily qualify for an SBI two-wheeler loan. Additionally, the bank allows you to club the income of your co-applicant to improve your odds of getting approval for a higher loan amount. 

  • Comfortable Repayment Tenures - SBI bike loans offer long repayment tenures to ensure that buying your dream bike doesn’t become a financial burden. With repayment tenures ranging up to 48 months, paying bite-sized monthly instalments won’t be a hassle.  

  • Zero Prepayment Charges - If you decide to prepay your loan before the lapse of the stipulated repayment tenure, you can do so without incurring any extra charges. 

SBI Bank Contact Details

For any queries related to SBI Bank’s 2-wheeler loans, you can call on any one of the following toll-free numbers:


  • 1800-11-2211

  • 1800-425-3800

Alternatively, you can also visit your nearest SBI branch to get immediate assistance for your two-wheeler loan-related queries.


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SBI Two Wheeler Loan FAQs

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

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

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

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.

You can increase your loan eligibility by building a good credit score. Repaying your credit card bills or existing loan EMIs on time will help improve your CIBIL score, enhancing your eligibility index. Adding a co-applicant to your loan proposal can also help improve your eligibility for an SBI two-wheeler loan. Since the income of this co-applicant will be clubbed with your income, your chances of securing a high-value loan will improve.

SBI two-wheeler interest rates for regular bikes range from 16.95% - 18.70% p.a. Interest rates for the Super Bike Scheme start from 11.20% p.a.

To check your SBI bike EMI status, you can visit the SBI website. Next, use your credentials to log into your loan account. Here, you can review your monthly EMI statements to check your bike’s EMI status.

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