What’s New: SBI Two Wheeler Loan Interest Rate 2025
The SBI two wheeler loan interest rate 2025 starts from 13.10% p.a. and can go up to 14.60% for regular bikes, depending on applicant profile, loan amount, and repayment period.* Electric bikes get a special concession of 0.50% per annum, making them not only environmentally friendly but also easier on your wallet.
- Standard Rate (2025): 13.10%–14.60% p.a.
- Super Bikes: 12.60%–14.10% p.a.
- Electric Bikes: Additional 0.50% off
Real-life Example: How Interest Impacts Your Monthly EMI
Say Priya wants a scooter costing ₹1.2 lakh. She applies for an SBI two wheeler loan in 2025 at 13.10% for 4 years. Using the EMI calculator, her monthly payment comes out around ₹3,200—a comfortable amount for her first job, especially with a transparent, fixed rate and no hidden surprises.
This means her new ride won’t break the bank, and Priya can easily manage her budget while commuting to work.
Who Can Apply? (Eligibility Criteria)
- Age Range: 21–65 years
- Job Types: Salaried, self-employed, professionals, pensioners, government employees
- Income: Minimum ₹10,000 per month for regular bikes; ₹3 lakh per year for superbikes
- Loan Amount: ₹50,000–₹3 lakh for regular bikes; up to ₹25 lakh for superbikes
- Repayment Tenure: Up to 60 months (5 years)
How to Apply: Step-by-Step on YONO & Website
- Download YONO SBI App or visit SBI’s official site
- Register/Login and head to ‘Personal Loans’ section
- Select ‘Two-Wheeler Loan’ and enter your details
- Upload Documents: KYC, income, bank statements, dealer quotation
- Choose Your Tenure & EMI Amount
- Submit & Track Application Online
No branch visits, a hassle-free digital experience, and quick approval make this process a breeze for busy professionals and students.
Key Features and Fees
- Interest Rate: 13.10%–14.60% p.a. (regular), 12.60%+ (superbikes), 0.50% concession for electric bikes
- Processing Fee: 2% of loan amount + GST
- Loan Amount: ₹50,000–₹3 lakh (regular), up to ₹25 lakh (superbikes)
- EMI Payments: Flexible plans up to 60 months
- Prepayment & Foreclosure Charges: Usually 1% of the prepayment amount + GST (check latest terms)
- Funding up to 85% of the bike’s cost: Pay less upfront, ride sooner
- Digital Application: Online from anywhere—no more waiting in line!
Pro Tips: Saving on Your Bike Loan
- Go Electric: Leverage that extra concession and help the environment!
- Prepare Documents Early: Instant approvals for fully documented profiles
- Use EMI Calculator: Plan a convenient repayment amount before applying
- Compare Schemes: Superbike loans offer lower rates for higher-value purchases
FAQs
Q: What is the lowest possible interest rate for an SBI two wheeler loan in 2025?
A: 13.10% p.a. for regular bikes; lower for superbikes, with extra discounts for electric vehicles.
Q: How much can I borrow?
A: Up to ₹3 lakh for standard schemes, up to ₹25 lakh for superbikes.
Q: How can I apply?
A: Just use the official SBI website or YONO app—all you need is your documents and bike dealer quotation.
Q: How long does approval take?
A: Usually 1–2 working days if documents are complete.
Q: Can I prepay my loan?
A: Yes, with a small fee (generally 1%).
