Digital Two Wheeler Loan

A Two-wheeler Loan is a financial product from ICICI Bank which gives you required money upfront to help buy your dream scooter or bike. It makes it easier for you to finance the ride of your choice by allowing you to repay the Loan balance plus interest over a predetermined period.

Yes, you can avail a Two-wheeler Loan from ICICI Bank even if you don’t have an account with the Bank. However, you will need to fulfil the loan Eligibility Criteria and provide the necessary documents to apply and receive approval.

To avail of a Two-wheeler Loan instantly, ensure to have all required documents ready, including proof of identity, proof of address, income and vehicle details. Apply online through ICICI Bank's website or the ICICI Bank’s iMobile app, fill out the application form, submit documents online. Post quick processing and approval from ICICI Bank, get instant access to funds.

To know the Equated Monthly Instalment (EMI) of your loan repayment, you can use a Two-Wheeler Loan EMI calculator. You need to know the loan amount, interest rate and the loan tenure to calculate your EMI. The calculator uses the below formula to compute the EMI using these inputs:

P x R x [ (1 + R)^N / ( (1 + R)^N) – 1]

where:

P = principal amount of the loan

R = rate of interest

N = tenure of the loan