SBI Two wheeler Loan | Interest Rates | Documents | EMI | 2015
SBI Two Wheeler Loans ✓ Interest Rates 2015 ✓ EMI Calculation✓ Processing Charges on SBI bike loans ✓ Delhi ✓ Mumbai ✓ Cochin ✓ Bangalore ✓ Chennai ✓ Kolkata ✓ Pune ✓ chandigarh ✓Ahmedabad.
SBI provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler.
2015 Interest Rates SBI Two – Wheeler Loan: Updated on 01 August 2015
Rate of Interest
SBI Two wheeler loan
Super Bike Loan Scheme
SBI offers Best in Class Two wheeler Loans in India:
No Advance EMI
Lower interest rates Lowest EMI
85% of ‘On Road Price’ of vehicle Interest Calculated on Daily Reducing Balance
Flexibility of payment of EMI anytime during the month
Free Accidental insurance
Optional SBI Life cover
SBI SUPER BIKE LOAN SCHEME
SBi offers uper bike loan scheme for the Purchase of new super bikes( Bikes with 500 cc or more engine capacity). Applicant should be more than 21 years old at the time of apply for loan.
Net Income of Applicant should be above Rs.6 Lacs for Super Bike Loans – Salaried, self employed, professionals, business mans & Agriculturist.
✓ 1.22% of Loan amount for Normal Bike Loans
✓ Super Bike Loans – 2.00% of the loan amountsubject to minimum of Rs. 6,000/- and maximum of Rs. 20,000/- Repayment: 36 Months in Normal Bike loans & Upto 5 Years in Super Bikes
Margin: 15% of the on the road price (which includes vehicle registration charges, insurance, one-time road tax).. Documents Required for SBI Two Wheeler Loan
The following papers are to be submitted along with loan application:
Statement of Bank account of the borrower for last 12 months.
2 passport size photographs of borrower(s).
Signature identification from bankers of borrower(s).
A copy of passport /voters ID card/PAN card.
Proof of residence.
Latest salary-slip showing all deductions and TDS certificate-Form 16 in case of salaried persons
Copy of Income Tax Return for last two financial years, duly acknowledged by ITO for professionals, self-employed and others.
Proof of official address for non-salaried individuals.
Eligibility for SBI 2 Wheeler Loan:
An Individual between the age of 21 to 65 years.
A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
A Professional or self-employed individual who is an income tax assessee or
A Person engaged in agriculture and allied activities.
Minimum Net Annual Income Rs. 75,000 (for regular petrol/diesel/gas operated scooters & motor cycles) and Rs. 60,000 (mopeds and battery-operated Two-wheelers).
You Can Calculate Loan EMI Manually with SBI 2 Wheeler Loan EMI Calculator
Enter the following information in the below EMI calculator:
✓ Principal loan amount you wish to avail (rupees)
✓ Loan term (months or years)
✓ Rate of interest (percentage)
EMI Calculation for SBI Two Wheeler Loan as per Loan Tenure Period
EMI Per Month
Now you have to just multiply your loan amount with EMI per Month
Example – You opt 45000 Loan amount for 2 Year so your emi calculation will be
What is the best way to apply for an SBI Two Wheeler Loan?
You can applying for a Bike Loan in any of the following ways:
Online by clicking here.
In person at any SBI Bank Loan Center or via Branch directly. Other Products of State Bank of India:
SBI Home Loan
✓ SBI Credit Card
✓ SBI Car Loan
✓ SBI Business Loan
✓ SBI Property Loan
✓ SBI Education Loan
✓ SBI Fixed Deposit Rates
Source: State Bank of India Website.
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