ICICI Bank Two-Wheeler Loan
ICICI Bank is one of the largest private lenders in the country. The bank offers two-wheeler loans with rates of interest starting at 10.25% p.a.
The loans are offered at a nominal processing fee of up to 4.00% of the loan amount. Finance value of up to 100% of the on-road price of the vehicle can be availed through these loan products.
Table of Contents
ICICI Two-Wheeler Loan Interest Rate
Category | Details |
Interest Rate | 10.25% p.a. onwards |
Income | At the bank’s discretion |
Repayment Period | 36 months |
Processing Fee | Up to 4.00% of the loan amount |
Prepayment Charges | 4% on POS |
Compare with: Lowest two wheeler loan interest rate
How to Apply for ICICI Bike Loan?
The procedure that must be followed to apply for a two-wheeler loan from ICICI Bank is mentioned below:
- Visit ICICI Bank Website.
- Click on ‘Apply Now’.
- Choose the loan amount and tenure.
- Click on ‘Let’s Get Started’.
- Enter the relevant details on the next page.
- An ICICI Bank representative will contact you to process the request.
Ways to Apply for a Two-Wheeler Loan
You can apply for the loan in three ways:
- On the official website of the bank.
- Log into the iMobile app of ICICI Bank to check your pre-approved loan eligibility and offer.
- Contact the bank directly by visiting your nearest branch office.
ICICI Two-Wheeler Loan EMI Calculator
Knowing what your Equated Monthly Instalment (EMI) will be before you make the loan application will help you better plan and budget your finances better.
It is very easy to know how much EMI you will have to pay on your ICICI Bank two-wheeler loan. All you have to do is visit the official website of ICICI Bank. Navigate to the page for two-wheeler loans. Click on the online free two wheeler loan emi calculator
Use the slider to adjust your loan amount, repayment tenure, and interest rate. Your monthly EMI and total interest payable will be shown on the graph displayed on the page.
ICICI Two-Wheeler Loan Eligibility
Loan eligibility is for ICICI Bank customers who have a good association with the bank. This depends on their credit score and the loan repayment cycle of any previous loans taken from ICICI Bank.
Documents Required
Along with a duly filled application form and photographs, you will require the following:
For Self-Employed
- Identity proof
- Address proof
- Age proof
- Bank statements
- Signature verification
- Income tax returns of previous two financial years
- Proof of business ownership and or stability
For Salaried Employees
- Identity proof
- Address proof
- Age proof
- Bank statements
- Signature verification
- Latest salary slip or Form 16
- Proof of employment stability
Features and Benefits
- Paperless process
- Digital sanction
- Instant two-wheeler loans offered to select ICICI Bank customers
- Up to 100% financing of the bike for ICICI Bank customers
- Pre-approved two-wheeler loan for ICICI Bank customers of Rs.1500
- Special processing fee for ICICI Bank customers
FAQs on ICICI Two-Wheeler Loan
- Is there an option for part pre-payment?
No, there is no option currently to make part pre-payments on your two-wheeler loan.
- Is full pre-payment of the loan allowed?
Yes, you can make a full pre-payment of your loan with charges of 5% of the principal outstanding or interest outstanding for the unexpired period of the loan (whichever is lower).
- What is the validity period for the sanction letter?
The validity period for the sanction letter is 10 days during which the disbursed loan can be availed.
- Is this bike loan available for NRIs?
Only Indian citizens can avail this bike loan.
- Will any charges be levied in the case of loan cancellation?
Yes, a fee of up to Rs.2,500 plus GST will be levied in the case of loan cancellation.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.