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.

Here is how you can apply for a Two-Wheeler Loan with ICICI Bank:

1.  Apply Online: Apply via ICICI Bank Net Banking, iMobile or the official website.
2. At the Dealership: Visit your preferred two-wheeler dealership and connect with an ICICI Bank representative.
3. Visit a branch: Walk into any ICICI Bank branch and apply in person.

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

ICICI Bank offers Two-Wheeler Loans to Indian nationals aged between 21 and 65 years, both salaried and self-employed.

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.

Two wheeler loan interest rate 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.*

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

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.

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.

To reduce the interest rate that you are offered, maintain a good credit score, choose a shorter tenure, make a higher down payment and negotiate with the lender for lower rates.

You can reduce the processing fees of your Two-Wheeler Loan by comparing offers from different lenders, negotiating with the lender for waivers or discounts and ensuring that you meet all eligibility criteria to avoid additional charges.

ICICI Bank offers Two-Wheeler Loans to Indian nationals aged between 21 and 65 years, both salaried and self-employed. Applicants must have a credit score of 700 or above to qualify for the loan.

Apart from Two-Wheeler Loan, ICICI Bank provides a wide range of financing options, including Personal Loan, Home Loan, Car Loan, Business Loan and Education Loan. These loans cater to diverse financial needs and offer competitive interest rates and flexible repayment options.

*Terms and conditions apply.