Karnataka Bank Two-Wheeler Loan

1. The maximum limit for loan is Rs.2 lakh for each vehicle. 
2. The interest rate starts at 11.68% p.a onwards
3. The two-wheeler loans can be availed for a period of up to 60 months. 
4. The two-wheeler is hypothecated as collateral. 

KBL Two-Wheeler Loan Interest Rate

Category	Details
Rate of Interest	11.68% p.a. onwards
Maximum Loan Amount	85% on road price
Maximum Loan Tenure	5 Years
Security	Required
Margin	15% of the on-road price of the vehicle
Processing Fee	0.25% of the loan amount subject to a minimum of Rs.250 and maximum of Rs.1,000

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Eligibility Criteria for KBL Two-Wheeler Loan

Who is eligible	Salaried person  Professional person  Business person  Self-employed individuals  Agriculturist who owns agricultural property  A company  A firm  An executive of a firm  The Managing Director (MD) of a firm  A managing partner
Age Limit	Min: 18 years Max: 60 years
Income Criteria	Salaried Person: Minimum gross monthly salary of Rs.5,000  Business Person: Minimum gross monthly income of Rs.4,000  Self-employed: Minimum gross monthly income of Rs.4,000  Professional: Minimum gross monthly income of Rs.4,000

How to apply for KBL Two-Wheeler Loan

You can get in touch with one of the nearest branch offices of Karnataka Bank and apply for the KBL Xpress Easy Ride loan.

KBL Two-Wheeler Loan EMI Calculator

To find out the approximate EMI amount that you will have to pay on your KBL Two-Wheeler loan, you can simply use an EMI calculator. The BankBazaar EMI Calculator allows you to check the same for free.  

Once all the relevant details are entered, the calculator will show you the approximate EMI that will be payable for the selected loan amount and tenure. You will also be able to access a detailed amortisation table for the loan. 

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FAQs on Karnataka Bank Two Wheeler Loan

• What are the age criteria that must be met in order to apply for a two-wheeler loan from Karnataka Bank?

  Individuals between the ages of 18 years and 60 years can apply for a two-wheeler loan from Karnataka Bank. 

• Can agriculturists apply for a two-wheeler loan from Karnataka Bank?

  Yes, agriculturists can apply for a two-wheeler loan from Karnataka Bank. 

• What is the tenure of the two-wheeler loan offered by Karnataka Bank?

  The tenure of the two-wheeler loan offered by Karnataka Bank ranges between 1 year and 5 years. 

• Will a processing fee be levied in case I apply for a two-wheeler loan from Karnataka Bank?

  Yes, a processing fee will be levied in case I apply for a two-wheeler loan from Karnataka Bank.

• Will I have to pay a down payment when I apply for the KBL-Xpress Easy Ride loan?

  Yes, 15% of the on-road price of the bike must be paid as a down payment when you avail for the KBL-Xpress Easy Ride loan.