What are the benefits of Two Wheeler Loans?

While helping you with a financial boost to realise your Two Wheeler dream, a Two-Wheeler Loan with Axis Bank also provides you with benefits such as: Minimal Documentation for processing your loan Customised loan amounts: depending upon your need you can opt for a loan from ₹ 25,001 up to 100% * on-road funding Flexibility of tenure: You can set the repayment of your loan over a tenure ranging from 12 to 48 months for Two Wheeler Loans and a tenure ranging from 12 to 60 months for super bike loan.

In case of any pre-payment / excess amount paid by me to the Bank; how the same will be appropriated in the loan account in the absence of any specific instructions from me?

Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you: Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment. Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account. Excess amount less than ( ) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and: Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank. Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows: If excess amount is up to ₹20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account. If excess amount is greater than ₹20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account. Excess amount less than (<) the foreclosure amount: In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account, then excess amount will be adjusted against the outstanding principal, leaving an amount equivalent to one EMI for forthcoming EMI presentation. However, in case you would like the entire amount to be adjusted against the outstanding principal, please place a request at Phone Banking / Loan Centre at the earliest.

What is the eligibility criteria to apply for Two-Wheeler Loans?

The eligibility criteria for Two Wheeler Loans depends upon the applicant’s nature of employment and income: For Salaried Individuals: You must be over 21years but below 60 years You must have at least a year’s work experience Your minimum annual income must be over ₹1.44 Lakh You must share bank statements for the past 3 months while applying For Self Employed Individuals: You must be over 21 years but below 65 years You must have completed at least a year in the current line of business Your minimum annual income must be over ₹2.5 Lakh You must share bank statements for the past 3 months while applying

How to apply for Two Wheeler Loans?

You can apply for Two Wheeler Loans by: Calling the dedicated helpline No. 18004197878 Applying online on https://www.axis.bank.in or via the Axis Mobile App. Interested in a Two-Wheeler Loan? Begin your application process now!

In case of any pre-payment / excess amount paid by me to the Bank; how the same will be appropriated in the loan account in the absence of any specific instructions from me?

Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you: Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment. Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account. Excess amount less than ( ) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and: Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank. Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows: If excess amount is up to INR 20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account. If excess amount is greater than INR 20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account. Excess amount less than (<) the foreclosure amount: In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account, then excess amount will be adjusted against the outstanding principal, leaving an amount equivalent to one EMI for forthcoming EMI presentation. However, in case you would like the entire amount to be adjusted against the outstanding principal, please place a request at Phone Banking / Loan Centre at the earliest.

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Two Wheeler Loans

Q: What are Two Wheeler Loans?

Depending on the type of vehicle you're interested in, you'll need to select the appropriate loan variant. For instance, for bikes up to 500cc, a standard Two Wheeler Loan would suffice. However, for models exceeding 500cc, a Superbike Loan is a suitable option.

Q: What are the Interest Rates for Two Wheeler Loans?

The Interest Rates for Two Wheeler Loans range between 10.5% to 25%, depending upon various factors including the applicant’s details and the amount and tenure for which the loan is sought. Please note however that these Interest Rates are subject to change periodically, at the bank’s discretion. You can check the current Interest Rates for Two Wheeler Loans.

Q: What is the eligibility criteria to apply for Two-Wheeler Loans?

The eligibility criteria for Two Wheeler Loans depends upon the applicant’s nature of employment and income: For Salaried Individuals: You must be over 21years but below 60 years You must have at least a year’s work experience Your minimum annual income must be over ₹1.44 Lakh You must share bank statements for the past 3 months while applying For Self Employed Individuals: You must be over 21 years but below 65 years You must have completed at least a year in the current line of business Your minimum annual income must be over ₹2.5 Lakh You must share bank statements for the past 3 months while applying

Q: Can I get a loan if I am a student and have no income?

It would be difficult but not impossible to get a bike loan if you are a student. At Axis Bank, anyone below the age of 21 years cannot get a bike loan. So, if you are a student above 21 years of age, the second condition is that you must have some source of income of at least ₹1.44 lakh per year. If not, you can get a co-guarantor or co-applicant with a stable income source to get the bike loan online/offline.

Q: What’s the minimum credit score I need to get a Two-Wheeler Loan?

The minimum Credit Score to get a Two-Wheeler Loan is 600 to 750. There is no fixed Credit Score, and the requirements vary from bank to bank. However, it is advisable to maintain a Credit Score within this range to get a Two-Wheeler Loan at low-Interest Rates. Disclaimer : *The instant sanction of funds is post submission of the online application form.

Q: How to apply for Two Wheeler Loans?

You can apply for Two Wheeler Loans by: Calling the dedicated helpline No. 18004197878 Applying online on https://www.axis.bank.in or via the Axis Mobile App. Interested in a Two-Wheeler Loan? Begin your application process now!

Q: Can I get a Two-Wheeler Loan online?

Yes, you can get a Two-Wheeler Loan online. In fact, it is easier and time-saving to apply for Two-Wheeler Loans online. The process hardly takes a few minutes. Before you apply for bike loans, check your Two-Wheeler Loan eligibility criteria and get your documents ready in hand.

Q: What is the minimum and maximum tenure for Two Wheeler Loans?

The minimum tenure for Two Wheeler Loans is 12 months while the maximum tenure is 48 months. The minimum tenure for super bike loans is 12 months while the maximum tenure is 60 months.

Q: What is a Two-Wheeler Loan prepayment? How does prepayment help?

A Two-Wheeler Loan prepayment is the payment of the entire loan amount (principal + interest rate) before the due date or expiry of the Two-Wheeler Loan. Prepayment helps clear your outstanding debt towards the bike loan and frees you from paying further interest. You also get peace of mind knowing your Two-Wheeler finance obligations get cleared. However, prepayment often comes with a penalty charge ranging between 2% to 5% of the total loan amount.

Securing the Two-Wheeler you desire is now more straightforward than before with the Two Wheeler Loan from Axis Bank. We provide up to 100% financing on the vehicle's on-road price, requiring only minimal documentation and offering manageable EMIs tailored to your budget. As its name indicates, a Two Wheeler Loan is a specialised financial solution intended to assist in acquiring your desired Two-Wheeler.

Loans starting from ₹25,001/-

Flexible tenure up to 60 months

Up to 100% on-road funding

Competitive and affordable Interest Rates

Calculator
Features & Benefits
Interest Rates
Eligibility & Documentation
How to Apply
Super Bike Loan

Two Wheeler Loan EMI Calculator

Axis Bank’s two wheeler loans offer up to 100%* funding and minimal documentation with tenures ranging from 12 to 48 months for Two Wheeler Loans and 12 to 60 months for Super Bike Loans. Axis Bank also offers loan on electric Two-Wheelers of your choice. While loans for two wheeler start at a minimum of ₹25,001, a super bike loan starts at a minimum of ₹1,00,000. Choose as per your budget. Use the two wheeler EMI calculator to know your exact EMI before you choose.

Loan Amount

₹

25K

1Cr

Interest Rate (p.a)

8% 28%

Tenure (Months)

12M60M

Your EMI* ₹ 1,14,678

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*Equated Monthly Installment'

Note: To see amortization schedule, please click here.

Total Amount Payable

₹1,37,621

Features & Benefits

Flexible Financing

Up to 100% on-road funding for Two-Wheelers, allowing you to purchase your dream bike without substantial downpayment

Attractive Scheme for EV Funding

50 bps lower Rate of Interest on Two-Wheeler Loan for EVs

Flexible Repayment Options

Choose loan tenures between 12-48 months for regular Two-Wheelers and 12-60 months for superbikes, enabling easy financial planning.

Minimal Documentation

Streamlined, hassle-free online application process with quick loan processing and minimal paperwork.

Convenient Application

Easy online application from home, with swift loan approvals and disbursement, ensuring you can get on the road faster

Interest Rates

Know in detail about the rates and charges associated with Two wheeler loans.

View Interest rate & Charges

Eligibility Documentation

Two Wheeler Loan Eligibility

Give your dreams two wheels with Two Wheeler Loan from Axis Bank. Check the eligibility criteria below.

Know More

Two Wheeler Loan Documentation

Application form
Proforma invoice
Passport size photograph of each applicant
KYC documents

Know More

Things to know about Two Wheeler Loan

Know your budget:
Ensure your monthly EMIs fit comfortably within your budget. Account for all expenses and choose a Two-Wheeler Loan amount and tenure that keeps payments manageable.
Check your Credit Score:
A higher Credit Score can get you a better Interest Rate. Check your score beforehand and take steps to improve it if necessary to increase your chances of approval.

Plan Smart with our EMI Calculator:
Use our EMI calculator to estimate your monthly loan payments upfront and plan your repayment schedule.
Understand all costs:
Factor in not just the bike's price but also insurance, maintenance, and other costs. Be aware of all loan-related charges to avoid unexpected expenses.

How to apply for Two Wheeler Loan online.

At Axis bank, it is easy to apply for a Two-Wheeler Loan online. All you have to do is:

01
Visit our website and go to the Two-wheeler loans page
02
Click on apply now
03
Enter your mobile number and date of birth or PAN number
04
Select your state and city and the Two Wheeler model
05
Enter your details attach the relevant documents requested
06
Choose the bike loan amount and the tenure of repayment
07
Submit the details to proceed ahead to avail instant sanction*

Apply Now

What are the advantages of taking a Two-Wheeler Loan?

Apart from you getting to buy your dream bike through a Bike Loan, some of the biggest advantages of taking a Two-wheeler Loan from Axis bank include:

The flexible and long tenure of repayment. For Two-Wheeler loans, we have a repayment tenure from 12 to 48 months. For superbike loans, we have a repayment tenure from 12 to 60 months.
Attractive and affordable Bike Loan Interest Rates. Our Two-Wheeler Loan Interest Rates range between 10% to 28% per annum, depending on the loan amount, tenure, engine capacity, bike model/ variant, and other features.
A Bike Loan with minimal documentation and a hassle-free online application process.
Up to 100% on-road funding for Two-Wheelers and 85% on-road funding for superbikes.
Axis Bank provides end-to-end Digital Loan from a place of your convenience through the comfort of your mobile device.

Already Applied? Track your application here

Have your Application ID or PAN Card ready for a hassle-free experience

Track Now

Super Bike Loan

Ride the extraordinary with Superbike Loans tailored for your needs.

Know More Apply Online

Do’s & Don'ts about Two Wheeler Loan

Do’s

Do check the eligibility criteria.
Do check if you have the correct documents in place.
Do check the bike loan Interest Rates with the bike loan calculator.
Compare the different bike loan policies to find one that best aligns with your needs and budget.
Do check your Credit Score and improve it if necessary.

Don'ts

Don’t make multiple Bike Loan applications at the same time, as it can send a message of confusion to the lender.
Don’t settle on an EMI you’re not comfortable paying.
Don’t sign the bike loan policy documents without reading the T&C with care.

Tips for a successful Two-Wheeler Loan application

Ensure you are applying for the correct loan amount. If the bike model you are taking a loan for is lesser or more than the loan amount, your loan application may get rejected.

Check the Two-Wheeler Loan Interest Rates beforehand to know what you’re getting from the loan. You can use a Bike Loan calculator to understand the Bike Loan Interest Rates.

Check your Credit Score beforehand. A Credit Score is a crucial aspect of loan applications, and any Credit Score below 650 is not a good sign. Talk to your financial agent to find ways to increase your Credit Score if needed.

Fill out your loan application form correctly. Do not leave it incomplete or add incorrect details. Proofread it before submitting it. Make sure you also check the eligibility criteria and the documents needed beforehand.

Get a financially stable co-applicant or co-guarantor to co-sign the loan along with you for higher chances of acceptance.

When you apply for a Two-Wheeler Loan, there is no guarantee that the lender will approve of it, especially if you’ve gone about it wrong. Sometimes, Two-Wheeler Loan applications get rejected for specific reasons that are completely avoidable. To avoid rejection and ensure your Two-Wheeler Loan application is a success, kindly adhere to the aforementioned steps.

Your Credit Score matters

Know and improve your credit score to better plan for your future finances.

Know more

Frequently Asked Questions

Depending on the type of vehicle you're interested in, you'll need to select the appropriate loan variant. For instance, for bikes up to 500cc, a standard Two Wheeler Loan would suffice. However, for models exceeding 500cc, a Superbike Loan is a suitable option.

The Interest Rates for Two Wheeler Loans range between 10.5% to 25%, depending upon various factors including the applicant’s details and the amount and tenure for which the loan is sought. Please note however that these Interest Rates are subject to change periodically, at the bank’s discretion. You can check the current Interest Rates for Two Wheeler Loans.

While helping you with a financial boost to realise your Two Wheeler dream, a Two-Wheeler Loan with Axis Bank also provides you with benefits such as:

Minimal Documentation for processing your loan
Customised loan amounts: depending upon your need you can opt for a loan from ₹ 25,001 up to 100% * on-road funding
Flexibility of tenure: You can set the repayment of your loan over a tenure ranging from 12 to 48 months for Two Wheeler Loans and a tenure ranging from 12 to 60 months for super bike loan.

Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you:

Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.
Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account.
Excess amount less than (<) EMI: Excess amount will be kept unappropriated in the Loan account for 15 days. Post 15 days, the excess funds shall be adjusted towards principal outstanding as a part payment.
Excess amount equal to (=) or greater than (>) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and:
Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank.
Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows:
If excess amount is up to ₹20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account.
If excess amount is greater than ₹20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account.
Excess amount less than (<) the foreclosure amount: In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account, then excess amount will be adjusted against the outstanding principal, leaving an amount equivalent to one EMI for forthcoming EMI presentation. However, in case you would like the entire amount to be adjusted against the outstanding principal, please place a request at Phone Banking / Loan Centre at the earliest.

The eligibility criteria for Two Wheeler Loans depends upon the applicant’s nature of employment and income:

For Salaried Individuals:

You must be over 21years but below 60 years
You must have at least a year’s work experience
Your minimum annual income must be over ₹1.44 Lakh
You must share bank statements for the past 3 months while applying

For Self Employed Individuals:

You must be over 21 years but below 65 years
You must have completed at least a year in the current line of business
Your minimum annual income must be over ₹2.5 Lakh
You must share bank statements for the past 3 months while applying

It would be difficult but not impossible to get a bike loan if you are a student. At Axis Bank, anyone below the age of 21 years cannot get a bike loan. So, if you are a student above 21 years of age, the second condition is that you must have some source of income of at least ₹1.44 lakh per year. If not, you can get a co-guarantor or co-applicant with a stable income source to get the bike loan online/offline.

The minimum Credit Score to get a Two-Wheeler Loan is 600 to 750. There is no fixed Credit Score, and the requirements vary from bank to bank. However, it is advisable to maintain a Credit Score within this range to get a Two-Wheeler Loan at low-Interest Rates.

Disclaimer : *The instant sanction of funds is post submission of the online application form.

You can apply for Two Wheeler Loans by:

Calling the dedicated helpline No. 18004197878
Applying online on axisbank.com or via the Axis Mobile App. Interested in a Two-Wheeler Loan?

Begin your application process now!

Yes, you can get a Two-Wheeler Loan online. In fact, it is easier and time-saving to apply for Two-Wheeler Loans online. The process hardly takes a few minutes. Before you apply for bike loans, check your Two-Wheeler Loan eligibility criteria and get your documents ready in hand.

The minimum tenure for Two Wheeler Loans is 12 months while the maximum tenure is 48 months.

The minimum tenure for super bike loans is 12 months while the maximum tenure is 60 months.

A Two-Wheeler Loan prepayment is the payment of the entire loan amount (principal + interest rate) before the due date or expiry of the Two-Wheeler Loan. Prepayment helps clear your outstanding debt towards the bike loan and frees you from paying further interest. You also get peace of mind knowing your Two-Wheeler finance obligations get cleared. However, prepayment often comes with a penalty charge ranging between 2% to 5% of the total loan amount.

Most first and second-hand bike loans are unsecured loans and don’t require the pledging of collateral for the lender to issue the bike loan. However, if you want the option of choosing the lowest Two-Wheeler Loan Interest Rates, you can apply for bike loans that are secured and require collateral. The lender will decide if the collateral is appropriate for pledging.

Yes, you can get a bike loan to fund the total value of your vehicle, provided it falls under the two-wheeler loan category. We offer two types of bike loans – two-wheeler loans and superbike loans. In two-wheeler loans, you get 100% on road funding to fund the total value of your bike if it is less than ₹1,00,000.

Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you:

Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.
Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account.
Excess amount less than (<) EMI: Excess amount will be kept unappropriated in the Loan account for 15 days. Post 15 days, the excess funds shall be adjusted towards principal outstanding as a part payment.
Excess amount equal to (=) or greater than (>) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and:
Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank.
Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows:
If excess amount is up to INR 20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account.
If excess amount is greater than INR 20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account.
Excess amount less than (<) the foreclosure amount: In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account, then excess amount will be adjusted against the outstanding principal, leaving an amount equivalent to one EMI for forthcoming EMI presentation. However, in case you would like the entire amount to be adjusted against the outstanding principal, please place a request at Phone Banking / Loan Centre at the earliest.