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ICICI Two Wheeler Loan

ICICI two-wheeler loans are unique in that they offer up to 100% of the on-road price of the bike making it easier to own the bike of your choice. The interest rates are attractive, documentation minimal using a digital process that makes loan disbursals faster.

ICICI Two Wheeler Loan Interest Rate

Interest Rate 10% to 26% p.a.
Maximum Loan Amount At the bank’s discretion
Minimum Loan Amount At the bank’s discretion
Income At the bank’s discretion
Repayment Period At the bank’s discretion
Processing Fee Up to 2.5% of loan amount
Prepayment Charges At the bank’s discretion

Compare with: Lowest two wheeler loan interest rate

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

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.

Find: Two Wheeler Loan Eligibility

How to Apply for ICICI Bike Loan?

You can apply for the loan in three ways:

  • Send an SMS to the number 5676766 with ‘'TW’' in the text
  • 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

You can also visit BankBazaar.com for your bike loan requirement. You can apply for the best two-wheeler loans directly from BankBazaar with the advantage of being able to compare and choose the one that is just right for you from all of the leading banks in India.

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

FAQ's

1. Is there an option for part pre-payment?

No, there is no option currently to make part pre-payments on your two-wheeler loan.

2. 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).

3. What is the maximum loan amount I can avail if I am eligible for a pre-approved bike loan from ICICI Bank?

The maximum loan amount for pre-approved loans from ICICI Bank is Rs.3 lakh.

4. 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.

5. Is this bike loan available for NRIs?

Only Indian citizens can avail this bike loan.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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