SBI Two wheeler Loan – Interest Rates 2023, EMI Calculator, Eligibility

SBI Two Wheeler Loans ✓ Interest Rates ✓ EMI Calculator ✓ Processing Charges on SBI bike loans ✓ Delhi ✓ Mumbai ✓ Cochin ✓ Bangalore ✓ Chennai ✓ Kolkata ✓ Pune ✓ chandigarh ✓ Ahmedabad ✓ Thane ✓ Hyderabad ✓ Madurai ✓ Jaipur.

SBI provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler.

SBI two wheeler loan details

Interest Rates 17.65% – 19.40%
Processing Fees Min. Rs.1000/- + GST or 2.0% of Loan Amount + GST
Pre payment Charges Nil
Min. Income Rs.12500 per month
Loan Repayment 1 to 3 years

Get Instant Quotes on Best Two Wheeler Loans from Top Banks in India
Professional Details
Loan Amount:


Annual Income:


SBI Bike Loan Interest Rates 2023


Rate of Interest

SBI Two wheeler loan

17.65% p.a. to 19.40% p.a.

SBI offers Best in Class Two wheeler Loans in India

  • No Advance EMI
  • Lower interest rates Lowest EMI
  • LTV 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 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.

Processing Fee:
✓ 1.22% of Loan amount for Normal Bike Loans
✓ Super Bike Loans – 2.00% of the loan amount subject 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:

  1. Statement of Bank account of the borrower for last 12 months.
  2. 2 passport size photographs of borrower(s).
  3. Signature identification from bankers of borrower(s).
  4. A copy of passport /voters ID card/PAN card.
  5. Proof of residence.
  6. Latest salary-slip showing all deductions and TDS certificate-Form 16 in case of salaried persons
  7. Copy of Income Tax Return for last two financial years, duly acknowledged by ITO for professionals, self-employed and others.
  8. Proof of official address for non-salaried individuals.

what is the Eligibility Criteria 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).

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)

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

EMI Calculation for SBI Two Wheeler Loan as per Loan Tenure Period

Check how much EMI you have to pay for Bike/Scooter loan per month – below calculated emi’s for 50000 loan for 9, 12,18,24,30 & 36 months respectively.

Loan Amount Repayment Time Interest Rate EMI Per Month
Rs.50,000 1 year 17.20% Rs.4565
Rs.50,000 18 Months 17.20% Rs.3171
Rs.50,000 2 Year 17.20% Rs.2477
Rs.50,000 30 Months 17.20% Rs.2062
Rs.50,000 3 Year 17.20% Rs.1788

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 Rs.2244.41

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.