Saraswat Bank Two-Wheeler Loan

Saraswat Bank offers three different types of two-wheeler loans each and a repayment period of up to 5 years. The loan application process is straightforward and may be completed entirely online.

Updated On - 05 Sep 2025

Saraswat Bank Two-Wheeler Loan Interest Rate

Category

Details

Interest Rate

11.50% p.a. to 12.50% p.a.

Maximum Loan Amount

Rs.20 lakh

Minimum Loan Amount

Contact the bank

Income

Contact the bank

Repayment Period

Up to 5 years

Processing Fee

0.50% of loan amount or Max Rs. 3000/-

Prepayment Charges

Contact the bank

Browse two-wheeler loan interest rate here.

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How to Apply for a Saraswat Bank Two-Wheeler Loan

The procedure to avail a bike loan from Saraswat Bank is mentioned below: 

  1. Visit Saraswat Bank
  2. Under the 'Personal' section, you will find the 'Retail Loans' option, click on it. 
  1. On the next page, click on 'Two Wheeler Loan'. 
  2. Click on 'Apply Now' against the loan you want to apply for. 
  3. Enter your name, mobile, email, state, city, and nearest branch. 
  4. Click on 'Submit'. 
  5. A Saraswat Bank executive will contact you to process the request. 

How to Apply for a Saraswat Bank Two-Wheeler Loan Offline?

You need to visit the nearest Saraswat Bank branch and meet their representative to apply for a two-wheeler. You will also be required to submit a two-wheeler application form along with valid documents to avail yourself of a loan.

Saraswat Bank Two-Wheeler Loan Calculator

In case you are availing a loan from Saraswat Bank to purchase a bike, you can use the two-wheeler loan EMI calculator offered by BankBazaar.com to check the monthly payments.

The calculator is simple to use and basic details such as the processing fee, loan amount, tenure, and rate of interest must be entered. Once the details are entered, the results are displayed immediately and are accurate.

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Saraswat Bank Two-Wheeler Loan Eligibility

The eligibility criteria that must be met in order to avail a bike loan from Saraswat Bank are mentioned below:

  1. Salaried individuals who work at a reputed company for at least a year can avail the loan.
  2. Self-employed individuals, professionals, and businessmen can avail the loan.

Documents Required

For Self-Employed Individuals

  1. Application form  
  2. Proof of residence (owned)  
  3. Repayment track record  
  4. Bank statement  
  5. Income Tax Returns (ITR)  
  6. Proof of identity  
  7. Proof of address  
  8. Passport-size photographs  
  9. Quotation provided by a recognised dealer  
  10. Profit and loss account  
  11. Balance sheet  
  12. Guarantor's application  
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For Salaried Employees

  1. Application form
  2. Bank statement
  3. Proof of income such as salary slips (three months), Form 16, or ITR
  4. Proof of address
  5. Proof of identity
  6. Passport-size photographs
  7. Guarantor's application

Features and Benefits

Two-Wheeler Loan I

The main features and benefits of the bike loan are mentioned below:

  1. You can use the loan to purchase a two-wheeler or an electric two-wheeler.
  2. The maximum loan amount that can be availed is Rs.2 lakh.
  3. Up to 100% of the ex-showroom price of the bike may be provided as a loan.
  4. The repayment tenure is up to 3 years.
  5. The interest rate ranges between 11.50% p.a. and 12.50% p.a.
  6. The processing fee that is levied is can be up to Rs.5,000.
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Two-Wheeler Loan II

The main features and benefits of the bike loan are mentioned below:

  1. You can use the loan to purchase a two-wheeler or an electric two-wheeler.
  2. The maximum loan amount that can be availed is Rs.20 lakh.
  3. Up to 100% of the ex-showroom price (maximum of Rs.1 lakh) of the bike may be provided as a loan.
  4. Up to 80% of the ex-showroom price (above Rs.20 lakh) of the bike may be provided as a loan.
  5. The repayment tenure is up to 5 years.
  6. The interest rate 12.00% p.a. 
  7. The processing fee that is levied is can be up to Rs.5,000.

Two-Wheeler Loan III (Woman)

The main features and benefits of the bike loan are mentioned below:

  1. The loan can be availed by women.
  2. You can use the loan to purchase a two-wheeler or an electric two-wheeler.
  3. The maximum loan amount that can be availed is Rs.2 lakh.
  4. Up to 100% of the ex-showroom price of the bike may be provided as a loan.
  5. The repayment tenure is up to 4 years.
  6. The interest rate 11.25% p.a. 

FAQs on Saraswat Bank Two-Wheeler Loan

  • What security must be provided in order to avail a bike loan from Saraswat Bank?

    The security that must be provided in order to avail a bike loan from Saraswat Bank are one guarantor, salaried employees must set up standing instructions or ECS, and hypothecation of the two-wheeler.

  • What is the shareholding amount that is levied?

    The shareholding amount that can be levied is 2.50% of the loan amount. However, the maximum amount that can be levied is Rs.25,000.

  • Under the Two-Wheeler Loan-II, what is the maximum processing fee that can be levied?

    The maximum processing fee that can be levied is Rs.5,000.

  • Is the interest rate fixed or floating?

    Under the bike loans offered by Saraswat Bank, the interest rates are fixed.

  • Which loan scheme offers the lowest interest rates?

    The Two-Wheeler Loan-III for women offers the lowest interest rates (starting from 10.75%).

  • Does Saraswat Bank have any age limit for two-wheeler loan applicants?

    Yes, Saraswat Bank has an age limit for loan applicants. The minimum age of the applicant should be 18 years and the maximum of the applicant should be 65 years at the time of loan maturity.

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