Given below are the current interest rates for two wheeler loan offered by the leading Indian banks and financiers:
| Name of Bank | Loan Scheme | Two-Wheeler Interest Rate | |||
|---|---|---|---|---|---|
| State Bank of India | SuperBike Loan Scheme | 1 year MCLR (7.95%) + 3.65% = 11.60% p.a. | |||
| SBI Two-Wheeler Loan | 1 year MCLR (7.95%) + 9.25% = 17.20% p.a. | ||||
| HDFC Bank | SuperBike Two Wheeler Loan | APR: 8.61% to 17.13% | IRR: 8.60% to 14.65% | ||
| Two Wheeler Loan | APR:10.55% to 34.08% Note- Up to December 2017 | IRR:10.50% to 28.41% Note-Up to December 2017 | |||
| Saurashtra Gramin Bank | Saurashtra Two-wheeler Loan Repayment Period up to 3 Years | 15% | |||
| Repayment Period up above 3 Years, up to 5 years | 16% | ||||
| Bank of Baroda | Bank of Baroda’s Two-Wheeler Loan | One year MCLR (6.45%) + Strategic Premium + 4.00% | |||
| Punjab National Bank | PNB Vehicle Loans In which monthly income is being paid via concerned branch and/or under check off facility | < 3 years | 1 Year MCLR + 3.25%= 11.4% p.a. | ||
| >= 3 years | 1 Year MCLR + 3.75%= 11.90% p.a. | ||||
| For every other loan including business concerns | < 3 years | 1 Year MCLR + 4.25%= 4.12% p.a. | |||
| >= 3 years | 1 Year MCLR + 4.75%= 12.90% p.a. | ||||
| PNB Power Ride | Up to 36 months | 1 Year MCLR + 1.75%= 9.90% p.a. | |||
| Andhra Bank | Andhra Loans for Two-Wheelers For loan term up to 36 months | 1 Year MCLR (8.40%) + 1.95%=10.35% p.a. | |||
| For loan term above 36 months | 1 Year MCLR (8.40%) + 1.95% + 0.25%= 10.60% p.a. | ||||
| Bajaj Fin Serv | Customers are segregated into three bands, namely, | The best possible interest rate is offered to the customers on the basis of the bank’s pre-fixed loan parameters. | |||
| High | >30% | ||||
| Medium | 27% to 30% | ||||
| Low | <27% | ||||
| L & T Finance | L & T Two-Wheeler Finance | Starts from 10.75% p.a. | The actual rate varies on the basis of the profile and creditworthiness of the borrower | ||
| UCO Bank | UCO Two Wheeler Loan Scheme For General category | 1 Year MCLR (8.45%) = + 4.40%= 12.85% p.a. | |||
| Accounts with full liquid collateral security (1.00% interest rebate) | 1 Year MCLR (8.45%) + 3.40%= 11.85% p.a. | ||||
| Accounts with 50% liquid collateral security (0.50% interest rebate) | 1 Year MCLR (8.45%) + 3.90%= 12.35% p.a. | ||||
| Syndicate Bank | Syndvahan Two Wheeler Loan | 1 Year MCLR (8.45%) +2.10% =10.55% p.a. | |||
| Vijaya Bank | V-Wheels Two Wheeler Loan | 1 Year MCLR (8.50%) + 3.15% =11.65% p.a. | |||
| V-Combo (Special vehicle loan for home loan customers) | 1 Year MCLR (8.50%) + 0.65% =9.15% p.a. | ||||
| Allahabad Bank | AB Mobike Loan Scheme | 1 Year MCLR (8.45%) +3.25%= 11.70% p.a. | |||
| Oriental Bank of Commerce | Oriental Vehicle Loan Scheme for General Public Up to 36 months | BR + 0.50% = 10.20% (Floating) | 0.25% concession on the interest rate for loyal customers, group of employees and home loan borrowers | ||
| Up to 84 months | BR + 0.75% = 10.45% (Floating) | ||||
| Shriram City Union Finance | Shriram Two Wheeler Loan | Interest Rate will be offered at the lender’s discretion on the basis of the loan scheme opted by the borrower | |||
| Bank of India | BOI Star Vehicle Loan for 2 Wheelers including Super Bikes) | 1 Year MCLR (8.30%) + 0.60%= 8.90% p.a. | Note- Festive offer valid up to 31.03.2018 | ||
| Punjab & Sind Bank | Two-Wheeler Vehicle Loan | One Year MCLR (8.40%) + 2.00% = 10.40% | Note- Festive Bonanza Scheme valid up to 31.03.2018 | ||
| Lakshmi Vilas Bank | Lakshmi Personal Vehicle Loan | 1 Year MCLR (9.15%) + 3.10% =12.25% p.a. | |||
| Nainital Bank | Suhana Safar Loan Scheme For Tenure 1 Year MCLR | 1 Year MCLR (8.35%) + 0.70%= 9.05% p.a. | Special concession is offered under Festive Offer | ||
| For Tenure 2 Years MCLR | 2 Year MCLR (8.65%) + 0.40%= 9.05% p.a. | ||||
| For Tenure above 2 Years MCLR | Above 2 Year MCLR (9.00%) + 0.25%= 9.25% p.a. | ||||
| City Union Bank | CUB Easy Ride | 3 Year MCLR + 4.80%= 14.50% | |||
| State Bank of Mysore | Up to 5 years | 1 Year MCLR + 6.55% = 16.05% | |||
| State Bank of Travancore | Rs.50000 and below | 13.85% p.a. | |||
| Above Rs.50000 | 12.85% p.a. | ||||
| State Bank of Patiala | Floating Rate of Interest | 1 Year MCLR + 6.25% = 15.75% p.a. | |||
| Fixed Rate of Interest | 1 Year MCLR + 6.50% = 16.00% p.a. | ||||
| Corporation Bank | Corp Vehicle Two Wheeler Loan | 1 Year MCLR (8.65%) + 3.60%= 12.25% p.a. | |||
| Central Bank of India | Cent Vehicle Loan Floating | 1 Year MCLR (8.30) + 0.40%= 8.70% p.a. | |||
| Fixed Rate (Repayment within 36 months) | 1 Year MCLR (8.30) + 0.40%= 8.70% p.a. | ||||
