SBI Two-Wheeler Loan at a glance
| Feature | SBI Two-Wheeler Loan |
|---|---|
| Product name | SBI Two Wheeler Loan Scheme |
| Interest rate | 11.70% - 15.70% |
| Rate type | MCLR-linked (1-year MCLR) |
| Maximum tenure | Up to 60 months |
| How much it funds | 85% of on-road price; max Rs 3 lakh |
| Processing fee | 3% of loan + GST (50% waiver for salary package customers) |
| Pre-closure / prepayment | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
Source: sbi.bank.in, checked 4 October 2026. Some SBI product pages show a single headline rate; we use the figures from its interest rate table.
What the EMI looks like
For a two-wheeler loan of ₹1 lakh over 3 years, here is what SBI's published rates mean in rupees:
| Rate a year | Monthly EMI | Total interest |
|---|---|---|
| 11.7% (lowest published) | ₹3,307 | ₹19,056 |
| 15.7% (highest published) | ₹3,501 | ₹26,033 |
The gap between the two ends of the range is ₹6,976 over the loan, which is why your credit score and the loan provider's assessment of you matter so much.
Try your own amount and tenure in the Two Wheeler Loan EMI calculator.
SBI vs other loan providers for two-wheeler loans
Published figures from each loan provider's own website. Some loan providers publish a starting rate, some a range actually given to customers, and some only a maximum, so read the column with care and compare final offers on the APR in the Key Fact Statement.
| Loan provider | Published rate | Max tenure | Type |
|---|---|---|---|
| IDFC FIRST Bank | From 9% | 60 months | private sector bank |
| HDFC Bank | 9.99% - 25.02% | — | private sector bank |
| Axis Bank | 10% - 28% | 12-48 months | private sector bank |
| Punjab National Bank | From 10.00% | 60 EMIs | public sector bank |
| ICICI Bank | 10.25% - 26.10% | Up to 36 months | private sector bank |
| Union Bank of India | 11.10% - 11.20% | — | public sector bank |
| SBI | 11.70% - 15.70% | Up to 60 months | public sector bank |
| Tata Capital | From 12.5% p.a. | 60 months | NBFC |
| Federal Bank | 12.60% - 16.00% | 60 months | private sector bank |
| Hero FinCorp | 14% - 36% p.a. | 60 months | NBFC |
| Chola | 15% - 28% p.a. | — | NBFC |
| Kotak Mahindra Bank | — | 12 - 36 months | private sector bank |
| Bank of Baroda | Floating from 13.60%; fixed from 13.65% | 60 months | public sector bank |
| IndusInd Bank | — | 36 months | private sector bank |
| Bajaj Finance | Up to 24.25% p.a. | — | NBFC |
| Bajaj Auto Credit | Up to 30% p.a. | 3-60 months | NBFC |
| TVS Credit | Up to 36% p.a. | 12-60 months | NBFC |
What kind of loan provider SBI is
SBI is a public sector bank. Public sector banks usually publish some of the lowest starting rates and modest fees, often link rates to the RBI repo rate or MCLR, and may ask for more paperwork or a branch visit. The best rates generally go to customers with strong credit scores and steady income, and many give a small concession to existing account holders.
India's largest bank, offering MCLR-linked car, green (EV) car, certified pre-owned car and two-wheeler loans, plus SME commercial vehicle and agri tractor loans.
Features SBI lists for this loan
- 0.50% rate concession for electric two-wheelers
- Separate Super Bike Loan: 12.55% - 14.55%, fee 2% (max Rs 10,000 + GST)
Documents you will usually need
Most loan providers ask for a similar set. SBI may ask for more depending on your profile.
- Identity proof such as Aadhaar, voter ID, passport or driving licence
- Address proof such as Aadhaar, utility bill or rent agreement
- PAN card or Form 60 where PAN is not available
- Recent salary slips or 3 to 6 months of bank statements
- Passport-size photographs and a signed application form
- Dealer quotation or proforma invoice for the chosen model
- Cancelled cheque, e-mandate or post-dated cheques for EMI payment
Before you sign with SBI
- Get the Key Fact Statement (KFS). RBI requires loan providers to give you a KFS before you sign, showing the interest rate, all fees, the annual percentage rate (APR) and the total amount you will repay.
- Compare the APR, not the headline rate. A low rate with a high processing fee can cost more than a slightly higher rate with no fee.
- Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
- Check what is bundled. Insurance, extended warranty or accessories added to the loan raise the amount you pay interest on. You are free to buy insurance elsewhere.
- Make sure the hypothecation is recorded and later removed. The loan provider's name is noted on the registration certificate; after the last EMI, collect the NOC and get it removed at the RTO.
Apply on sbi.bank.in or at a branch. Never pay anyone an upfront fee to "get a loan approved"; genuine loan providers deduct fees only from the loan itself.
More from SBI and similar loans
Other vehicle loans from SBI:
Buying a used car? Read the used car loan guides
A second-hand car changes the rate, the tenure and the paperwork. These guides cover rates by loan provider, car age limits, valuation, down payment and RC transfer.
Compare SBI with other loan providers
See SBI's published vehicle loan rates, fees and tenure next to another bank or NBFC.
Frequently asked questions
What is the SBI two-wheeler loan interest rate?
SBI publishes 11.70% - 15.70% (checked 4 October 2026). Your own rate depends on your credit score, income, loan amount and the vehicle.
What is the maximum tenure for an SBI two-wheeler loan?
Up to 60 months, as published by SBI. A longer tenure lowers the EMI but raises the total interest.
How much of the vehicle cost does SBI fund?
85% of on-road price; max Rs 3 lakh, according to SBI. The rest is your down payment.
What processing fee does SBI charge?
3% of loan + GST (50% waiver for salary package customers). GST is usually added on top unless stated.
Can I close an SBI two-wheeler loan early?
Pre-closure terms are not published online. Fixed-rate loans often carry a charge; floating-rate loans to individuals cannot. Check the loan agreement.
Is SBI regulated?
Yes. SBI is regulated by the Reserve Bank of India as a public sector bank. If a complaint is not resolved by the loan provider within 30 days, you can approach the RBI Integrated Ombudsman.
KhatuLoans is not a loan provider and is not paid by the loan providers or brands named here to rank them. Rates, fees and prices change; always confirm with the loan provider and dealer. Read our editorial policy and how we make money.