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SBI Two-Wheeler Loan

State Bank of India (SBI) is the biggest PSU bank in India. It offers two wheeler loans and superbike loans for its customers. The interest rates start at 16.25% p.a. for Two Wheeler Loan Lite scheme and 10.25% p.a. for Super Bike Loan scheme, respectively. The maximum loan amount for two wheeler loans is up to Rs.2.5 lakh with a loan repayment tenure of 3 years. For superbike loans the minimum loan amount is Rs.2.5 lakh and the loan repayment tenure goes up to 5 years.

SBI Two-Wheeler Loan Interest Rate

SBI Two Wheeler Loan Bikes Super Bikes
Interest Rate 16.25% p.a. onwards 10.25% p.a. onwards
Maximum Loan Amount Rs.2.5 lakh No upper limit
Minimum Loan Amount Rs.30,000 Rs.2.5 lakh
Minimum Income Requirement Rs.1.5 lakh Rs.2.5 lakh
Repayment Period Up to 3 years Up to 5 years
Processing Fee & Prepayment Charges 2% of the loan amount plus taxes 1% of the loan amount plus taxes

Compare with: Lowest two wheeler loan interest rate

Features and Benefits of SBI Two-Wheeler Loan:

  • Can be used to purchase any kind of new two-wheeler
  • Can be used to purchase scooters, motorcycles, mopeds, super bikes, and battery-operated two wheelers
  • Income of co-applicants can be clubbed to increase eligibility
  • Minimal documentation required
  • Super bike loan applicants get up to 90% funding if they are SBI salary package/Wealth/HNI customers

SBI Two-Wheeler Loan EMI Calculator

It is helpful to get a clear picture of what your Equated Monthly Instalment will be before you take out a loan. This will help you plan your finances and budget better, ensuring that your EMI is an amount that you can pay back in a regular and stress-free manner.

You can get a detailed amortisation table through an online two wheeler loan EMI calculator. All you have to do is enter the relevant data in the required fields or adjust the sliders to reflect the correct data, which would include your desired loan amount, the given interest rate, as well as your desired loan repayment tenure.

The exact EMI that you have to pay, based on the factors given, will be instantly displayed on the same page, making it easier for you to calculate your budget and expenses.

SBI Bike Loan Eligibility Criteria

The eligibility criteria for SBI bike loan is as given below:

  • Age: Between 21 and 65 years
  • Income:
    • Salaried: Minimum Rs.1.5 lakh for bikes and Rs.2.5 lakh for super bikes
    • Agriculturists: Net annual income of Rs.4 lakh
  • Employment:
    • Permanent employees of state and central government departments, PSUs, listed private sector companies, and corporations who maintain salary accounts
    • Self-employed or professionals who have maintained an SB/CA/time deposit for one year
    • IT assesses who have maintained an SB/CA/time deposit for one year
    • Agriculturists who have maintained an SB/CA/time deposit for one year
    • Existing customers of SBI loans with satisfactory repayment history
    • Proprietary or partnership firms

Find: Two Wheeler Loan Eligibility

How to Apply for SBI Bike Loan

To apply for an SBI bike loan, follow the steps given below:

  • Visit the official website of State Bank of India
  • Click on ‘Loans’
  • In the drop-down menu, select ‘Auto Loans’
  • On the next page, you will see options for ‘SBI Two Wheeler Loan Scheme’ or ‘Super Bike Loan Scheme’
  • Click on the ‘Apply Now’ button under the scheme of your choice
  • You will be redirected to a page where you can fill in your contact details
  • An SBI representative will get in touch with you by phone or email

You can also apply for a two-wheeler loan on BankBazaar. You can get a comparison of different two-wheeler loans from leading banks and NBFCs and apply instantly for the bike loan that’s right for you.

Documents Required for SBI Two-Wheeler Loan:

  • Loan application form filled up accurately
  • Bank account statements for the last 6 months
  • Identification of signature from records of the bank
  • Valid identity proof such as voters ID/passport/PAN card
  • Proof of residential address such as utility bills, passport, tax receipts, etc.
  • 2 passport size photographs
For self-employed/professionals:
  • Income Tax Return copies for the two preceding financial years acknowledged by ITO
  • Proof of official address for non-salaried individuals
For salaried:
  • Latest salary-slip showing TDS certificate, Form 16, and all deductions


  1. Does the maximum loan amount depend on my salary?

    The maximum loan amount for bikes is up to 6 times the net monthly income of salaried individuals (this is the net of all deductions including the monthly TDS).

  2. If I am self-employed, does the loan amount depend on how much my business makes?

    For self-employed individuals, the maximum loan amount is limited to 50% of your net annual income as per your income tax returns (after repayment of existing loans and netting off the depreciation).

  3. Will I get a loan if I want to buy a battery-operated bike?

    Yes, you can get a loan to buy a battery-operated bike if it is of a reputed brand.

  4. How do I increase my loan eligibility?

    You can increase your loan eligibility by adding a co-applicant whose income can be added to yours.

  5. What is the margin that I have to pay?

    For bikes, the margin is 25% of the on-road price of the bike. For super bikes, the margin is 15% of the ex-showroom price of the bike.

News About SBI Two-Wheeler Loan

  • Two-wheeler loans to be offered through SBI Yono mobile app

    SBI Yono, State Bank of India's integrated mobile application, will soon be able to offer two-wheeler loans of up to Rs.2.5 lakh. Digital processing of documents is being tested through a system called Digital Document Execution which also includes digital signatures and e-stamping (which has already been implemented in all the union territories and across 22 of the states). New SBI customers will also be offered these loans through the mobile app.

    27 May 2021

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