Calculate bike & scooter loan EMI
| Bank/NBFC | Interest Rate | Max LTV | Monthly EMI |
|---|---|---|---|
| SBI | 11.5% | 85% | ₹2,638 |
| HDFC Bank | 11.75% | 90% | ₹2,648 |
| ICICI Bank | 12% | 85% | ₹2,657 |
| Axis Bank | 12.25% | 80% | ₹2,667 |
| Bajaj Finance | 11.99% | 95% | ₹2,657 |
| IDFC First | 11.5% | 90% | ₹2,638 |
* Rates are indicative. Actual rates may vary based on profile.
A Two Wheeler Loan helps you finance your dream bike or scooter with easy EMIs. Banks and NBFCs offer competitive rates starting from 11.5% with minimal documentation.
Our calculator helps you plan your purchase by showing exact EMI, total interest, and comparing rates across multiple lenders.
Two wheeler loan interest rates in 2025 range from 11.5% to 15% depending on the lender. Banks like SBI offer rates from 11.5%, while NBFCs like Bajaj Finance offer 11.99%. New customers and existing relationship customers may get preferential rates.
Most banks offer two wheeler loans for 12 to 48 months (1-4 years). Some lenders like Bajaj Finance offer up to 60 months (5 years). Longer tenure reduces EMI but increases total interest paid.
Documents required: (1) Identity proof - Aadhaar/PAN, (2) Address proof, (3) Income proof - salary slips for salaried, ITR for self-employed, (4) Bank statements for 3-6 months, (5) Passport photos.
LTV (Loan to Value) is the percentage of vehicle cost the bank will finance. Most banks offer 80-90% LTV, meaning you need to pay 10-20% as down payment. Higher LTV means lower down payment but may have higher interest rates.