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Two Wheeler Loan Interest Rates
For loans with tenure up to 36 months
| 1 Yr MCLR | Spread over MCLR | Effective ROI | Reset |
|---|---|---|---|
| 8.75% | 6.25% - 16.25% | 15.00% - 25.00% | No reset |
For loans with tenure over 36 months
| Effective ROI |
|---|
| 10.50% - 25.00% |
ROI would vary basis vehicle model.
| Type | Charges |
|---|---|
| ROI min | 10.50% |
| ROI max | 25% |
| Processing fee | Up to 2.5% of Loan Amount (LA) |
| Documentation charges | ₹750/- |
| Cheque bounce/ EMI return charges | ₹339/- Per Instance |
| Cheque / Instrument swap charges | ₹500/- Per Instance |
| Duplicate statement issuance charges | ₹250/- Per Instance |
| Duplicate repayment schedule issuance charges | ₹250/- Per Instance |
| Duplicate no dues certificate / NOC | ₹50/- Per Instance |
| Penal charges | ^Financial default: 8% p.a. above applicable interest rates on the overdue amount (subject to the aggregate not exceeding 24% Per Instance) |
| Part-payment charges | 5% of part payment amount |
| Fore closure charges | 5% of principal outstanding |
| Stamp duty | At actuals |
| Issuance of credit report | ₹50/- Per Instance |
| PDD collection charges | ₹200/- |
| Legal, repossession or incidental charges | At actuals |
| #Loan cancellation / Re-booking charges | ₹550/- per case |
| Issuance charge for photocopy of loan agreement / documents | ₹250/- Per Instance |
- The charges mentioned are subject to change as per Bank's discretion from time to time.
- Goods and Service Tax (GST), as applicable, will be levied.
- There shall be no capitalisation of penal charges.
- ^Financial default includes all types of payment or financial defaults/irregularities with respect to your loan account.
For further details Click here
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.
₹
25K
1Cr
%
8% 28%
M
12M60M
Your EMI* ₹ 1,14,678
Get a call back*Equated Monthly Installment'
Note: To see amortization schedule, please click here.
Total Amount Payable
1,37,621
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