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

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. As per your requirements, you can opt for either the SBI Easy Ride Two-wheeler Loan or SBI Super Bike Loan Scheme. Let’s explore these schemes in further detail.

SBI Bike Loan Interest Rates and Charges

Here are the interest rates and other associated charges of SBI two-wheeler loans:


SBI Two-wheeler Loan Scheme

SBI Super Bike Loan Scheme

Interest Rates

12.90% p.a. onwards

12.05% p.a. onwards

Processing Fee

2% of the loan amount + GST

2% of the loan amount + GST

Prepayment Charges



*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. 

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Features and Benefits

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 up to 15% with the Super Bike Loan

Flexible Tenures

Repay the loan over tenures ranging up to 4 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

Eligibility Criteria and Documents Required

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

  • Age:

  1. For Two-wheeler Loan - 21 to 65 years

  2. For Super Bike loan - 21 to 57 years

  • Nationality: Indian

  • Employment Type: Salaried, Professional, Self-employed

  • Credit Score: 700 and above


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

  • Completed loan application

  • 3 passport-size pictures

  • Identity proof: Any one of the following

    • Voter ID card

    • Passport

    • Driving licence

    • PAN card

  • Address proof: Telephone or electricity bill

  • Bank account statement of the last 6 months

  • Form 16

How to Apply?

Follow these steps to apply for a 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 

  • Fill in your personal information and contact details in the form provided


Following this, an SBI representative will get in touch with you for further proceedings.


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 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 ₹1,000.

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

No. You can prepay your SBI Two-wheeler Loan without having to pay any additional charges or penalties.

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

You must be at least 21 years old at the time of loan approval.

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

SBI Two-wheeler Loan interest rates for regular bikes start from just 12.90% p.a. Interest rates for the Super Bike Scheme start from 12.05% p.a.

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