SBI Two wheeler Loan | Interest Rates 2019 | EMI Calculator | Eligibility

SBI Two Wheeler Loans ✓ Interest Rates 2018 ✓ 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 Rates11.80% – 17.60%
Processing Fees1.24% – 2.03%
Pre payment ChargesNil
Lowest EMIRs.361 / thousand
Min. IncomeRs.5000 per month
Loan Repayment1 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 2018


Rate of Interest

SBI Two wheeler loan

17.60% p.a.

Super Bike Loan Scheme

11.80% 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.

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).

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 AmountRepayment TimeInterest RateEMI Per Month
Rs.50,0009 Months17.90%Rs.5978.09
Rs.50,0001 year17.90%Rs.4581.62
Rs.50,0001.5 Year17.90%Rs.3187.91
Rs.50,0002 Year17.90%Rs.2493.79
Rs.50,0002.5 Year17.90%Rs.2079.5
Rs.50,0003 Year17.90%Rs.1805.11

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.

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 7 reviews
by john ingle on SBI Two wheeler Loan
Gud service

i'm not happy

by rashmi ranjan mallick on SBI Two wheeler Loan

bike new apply

by Nandkishor Banubakode on SBI Two wheeler Loan
Non cooperate banking service

The staff with unwelcome face. Assured with big salary, facilities and amenities. Machines most of the time out of service. Most schemes for only display not implementation. A stiff staff and arrogant security personnel.

loan details

If we take sbi 2 wheeler loan , does bank pays the downpayment or we have to pay?

by Nilesh Shende on SBI Two wheeler Loan

Need a loan, how much time it will take

by Chetan Sharma on SBI Two wheeler Loan
Very easy and fast way

I applied for two wheeler loan , it sanctioned very fastly and i didn't have to wait so thanks to SBI .

by Goaurav Parihar on SBI Two wheeler Loan
Easy & Fast

I think sbi is the best bank for any loan, I had applied for the bike loan a two days before in bank and surprisingly it got sanctioned within 2 days with minimum interest rates & processing Fees, Now i am happy that within 1 week i owned my dream bike - Harley Davidson Street 750.