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BEST FOR

Getting instant provisional sanction for your loan

  • Fixed interest rates starting at 8.50%

  • Flexible Equated Monthly Instalment (EMI) Repayments tenure

  • Minimal documentation

  • No foreclosure charges

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Things you should know

  • Loan Interest Rate

    10.25%* to 26.10%* p.a.

  • Processing Charges

    • Non-premium and Premium Vehicles: <4.75>% of loan amount + GST
    • Super Premium Vehicles: <3.5>% of loan amount + GST

  • Tenure

    12-36 months

  • Eligibility Criteria

    • Age: 21 – 65 years*
    • Employment: Salaried or Self-employed
    • Credit Score: -1 (No History) or ≥<700>
    • Nationality: Indian

    *Maximum age at loan maturity

  • Required documents

    • latest salary slip/Form 16 for salaried applicants, latest ITR for self-employed applicants
    • Bank statement of last 3 months
    • KYC documents: proof of identity and proof of address
    • Additional documents as required by ICICI Bank.

Looking for something else?

About Two-Wheeler Loan

Why choose ICICI Bank for your Two-Wheeler Loan?
  • Flexible Repayments: Easy EMI options tailored to your needs
  • 100% On-Road Price Financing: Get a loan of up to 100% of the on-road price
  • Electric Bike Loans: Affordable loans for electric two-wheelers
  • Minimal Paperwork: Fast processing with fewer documents.

What are the benefits of the Home Loans ?

What are Reward Points and how does one use them?

FAQs

What is a Two-Wheeler Loan?

A Two-Wheeler Loan enables you to buy a motorbike or scooter of your choice and pay for it in equated monthly instalments (EMIs). ICICI Bank offers Two-Wheeler Loans to both salaried and self-employed individuals.

How can I apply for a Two-Wheeler Loan?

You can apply for a Two-Wheeler Loan in the following ways:

 

  • Visit any ICICI Bank branch
  • Visit the dealership store of the two-wheeler you are interested in and connect with an ICICI Bank representative
  • Apply through ICICI Bank Net Banking. Available only for ICICI Bank customers with a pre-approved loan offer.

What is the maximum amount that I can get as a bike loan?

The maximum amount you can avail is 100% of the two-wheeler’s on-road price.

How can I get 100% of the on-road price?

100% two-wheeler finance is available to ICICI Bank customers with a pre-approved loan. We also offer the same to prospective buyers based on proof of income.

Who can apply for an ICICI Bank Two-Wheeler Loan?

Any Indian national over 21 years of age can apply for an ICICI Bank Two-Wheeler Loan.

What is the EMI of a Two-Wheeler Loan?

The EMI of a Two-Wheeler Loan depends on factors like loan amount, tenure and interest rate. Use a Bike Loan EMI calculator to estimate your monthly payments accurately.

What is the interest rate of a Two-Wheeler Loan?

Interest rates of Two-Wheeler Loans vary based on the loan amount, tenure and the borrower's creditworthiness. Interest Rates of ICICI Bank Two-Wheeler Loan range from 10.25% p.a.* to 26.10% p.a.*

What is the Two-Wheeler Loan Application Process?

The Two-Wheeler Loan application process involves filling out an application form, submitting required documents (proof of identity, proof of Address, Income proof) and Bank verification.

What is the minimum Credit Score required for Two-Wheeler Loan?

The minimum credit score required for a Two-Wheeler Loan varies as per the lender. Generally, a score of 750 or above is considered favourable, but some lenders may offer loans to applicants with lower scores as well.

Do I have the option to prepay the entire Two-Wheeler Loan Amount?

Yes, most lenders like ICICI Bank allow prepayment of the entire Two-Wheeler Loan amount. However, there may be certain charges associated with prepayment or specific conditions for the same. With ICICI Bank, the charge is 5% + applicable GST of the principal outstanding.

Take a word from our Customers

  • S

    Sharad Kapoor

    Rating: 4.2 stars

    ICICI Bank's Coral Credit Card has been my financial companion for years. The rewards program offers great value, and the discount.

  • R

    Rishab Jain

    Rating: 4.5 stars

    I can't say enough good things about ICICI Bank's Amazon Pay Credit Card. The cashback rewards on Amazon purchases.

  • A

    Apoorv Gupta

    Rating: 5 stars

    The ICICI Bank Platinum Credit Card is a true gem. The lifestyle benefits, including complimentary airport lounge access and travel vouchers.

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