SBI Bank Bike Loan

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.

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

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

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

• Nationality: Indian

• Age:

1. SBI Two-wheeler Loan Scheme: 18 to 65 years

2. Super Bike Loan Scheme: 21 to 57 years

• Minimum and Maximum Income Required

1. SBI Two-wheeler Loan Scheme: Minimum: ₹50,000, Maximum: ₹3 Lakhs

2. Super Bike Loan Scheme: Minimum: ₹1.50 Lakhs, Maximum: ₹25 Lakhs

3. 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)

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

1. Go to the official website of SBI

2. Navigate to the loans section

3. Choose ‘Auto Loans’ from the drop-down menu

4. Select the scheme as per your preference and requirement and click on ‘Apply Now’

5. Fill in your personal information and contact details in the form provided

6. You will get a loan offer based on the information you enter

7. Accept the offer and complete the application

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.