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Email: info@workloans.in 
| Bank | Two Wheeler Loan Interest Rates* | Lowest EMI per Rs. Ten Thousand for Max Tenure |
|---|---|---|
| SBI | 12.65% | ₹ 335 for 3 years |
| HDFC Bank | 14.03% | ₹ 273 for 4 years |
| PNB | 10.70% | ₹ 216 for 5 years |
| Bajaj Auto Finance | 18.00% | ₹ 362 for 3 years |
| IndusInd Bank | 12.00% | ₹ 332 for 3 years |
| Allahabad Bank | 11.80% | ₹ 262 for 4 years |
| Andhra Bank | 10.35% | ₹ 214 for 5 years |
| Bank of India | 7.75% | ₹ 202 for 5 years |
| Union Bank of India | 11.55% | ₹ 330 for 3 years |
| United Bank of India | 11.00% | ₹ 217 for 5 years |
| Corporation Bank | 12.35% | ₹ 334 for 3 years |
| Indian Bank | 9.65% | ₹ 211 for 5 years |
| Karnataka Bank | 13.85% | ₹ 232 for 5 years |
| Jammu And Kashmir Bank | 9.65% | ₹ 211 for 5 years |
| Canara Bank | 13.55% | ₹ 340 for 3 years |
You may be eligible for 2 wheeler loan in India from one or more banks if you meet the following eligibility conditions:
| Eligibility Criteria for Bike Loan | |
|---|---|
| Minimum and Maximum Age |
Note: However, many banks require minimum age of 18 years |
| Loan Amount |
Note: Loan amount depends upon the value of the two wheeler and the EMI you can pay |
| Net Monthly Income |
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| Employment Type |
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| Minimum Work Experience |
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| CIBIL Score for Two wheeler Loan |
Note: Most banks avoid giving loans if you have low credit score |
2 wheeler Loan EMI is the amount that you pay every month to the bank or financial institution in order to repay your loan. EMI is composed of both principal amount and interest component. Interest component on your EMI is higher in early months and reduced with each EMI. Two wheeler Loan EMI Calculator helps you to calculate your monthly EMI at desired interest rate for a particular tenure.
Auto Loan EMI depends upon loan amount, interest rate and loan tenure
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| Documents ID | Individuals | Firms, Partnerships |
|---|---|---|
| Signed Application Form | Required | |
| Identity Proof | PAN card, Passport, Driving License, Aadhar Card, Voter id, Govt issued i-card | |
| Certificate and Proof of Business Existence | PAN, sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI | |
| Address Proof | Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old) | Bank statement, utility bill, Registry copy, lease or rent agreement, TAN allotment letter |
| Age Proof | PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate | |
| Income Proof | Form 16, last 3 months salary slip, last 3 months bank account statement showing salary credit | Last 2 years ITR, last 3 months bank account statement |
| Two wheeler Quotation | Quotation of cost of two wheeler selected from the dealer | |
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