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Interest Rate

12.65%

Processing Fee

1.25% of principal outstanding

Tenure Range

1-3 years

Fees & charges: 

  • Prepayment charges - NIL

Eligibility:

  • Nationality- Indian 
  • Age - 21-65 years
  • Should be self-employed/partnership/companies

Features & Benefits:

  • Enjoy upto 85% on-price funding of two-wheeler
  • Get affordable and attractive interest rate 
  • Easy EMI Facility available 
  • Enjoy Additional insurance cover automatically
  • Instant loan approval

Documents Required:

Identity Proof:

  • Aadhaar Card/ Passport/ PAN Card/ Voter ID Card

Address Proof:

  • Aadhaar Card/ Passport/ Driving License/ electricity, phone bills

Income Proof:

  • Last 2 years IT returns 
  • Income computation certificates by CA for last 2 years 
  • Bank statement for last 6 months

Short Description:

SBI Two-Wheeler Loan is a complete package to go for as it comes with the affordable and competitive interest rate. The loan needs minimal documentation, instant loan approval and hassle-free loan facility.

Bank Description:

SBI is largest public sector bank in India and it is on the top when it comes of building trust among the Indians. Its 24,000+ branches and 59,000+ ATMs all over the nation caters different services like Loans, saving and deposit account, mutual funds and much more. SBI Two-wheeler Loan comes with the affordable interest rate, instant loan approval, minimal documentation and hassle-free loan facility.

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