Avail the Best SBI Two Wheeler Loan with Cheapest Interest Rates & the Best EMI. Check your Eligibility & Get Instant Approval. एसबीआई बाइक लोन लोन प्राप्त करें आकर्षक ब्याज दर पर| 2 व्हीलर लोन के बारे में अधिक जानकारी के लिए ऑनलाइन आवेदन करें।
SBI Two Wheeler Loan Key Features
| SBI Two Wheeler Loan Interest Rate | 17.75% – 19.50% per annum |
| Min Loan Amount | ₹ 20,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 85% of On Road Price |
| Loan Tenure | 1 year to 4 years |
| Lowest EMI / Lac | ₹ 2,625 |
| Minimum Net Monthly Income | Salaried – ₹ 12,000 |
| Age Criteria | 21 years(At Application) to 65 years(At Loan Maturity) |
| Types of Vehicle | For All New Two-Wheelers (Bikes, Superbikes, etc.) |
| Processing Fee | Up to 3% of the Loan Amount. |
| Foreclosure Charges | 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months) |
| Basic Documentation | ID Proof, Address Proof, Bank Statement |
SBI Two Wheeler Loan Interest Rate, Fees and Charges 2023
| Interest Rate | Starts at 17.75% – 19.50% p.a. |
| Processing Fee | Up to 3% of the loan amount (maximum) |
| Prepayment Charges | From 3% to 10% of the outstanding principal |
| Pre-payment charges | Within 4 to 6 months – 10% of principal outstanding Within 7 to 12 months – 6% of principal outstanding 13-24 months – 5% of principal outstanding Post 24 months – 3% of principal outstanding Prepayment is not allowed within three months of EMI repayment |
Documents Required for SBI Two Wheeler Loan
एसबीआई टू व्हीलर लोन के लिए जरूरी दस्तावेज
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.
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