Calculators
Two-Wheeler Loan Prepayment Calculator
Interest saved by paying a lump sum towards your bike loan.
Updated 30 September 2026 · 8 lenders trackedFree calculator
Instant results
Reducing-balance maths, Indian formatsAbout this calculator
Part-paying a bike loan early saves interest. Floating-rate loans to individuals have no prepayment charge, but many private-bank bike loans are fixed-rate — Axis Bank does not allow part-prepayment at all and charges 5% on foreclosure. Check your KFS before paying.
Two-Wheeler Loan Prepayment Calculator
Prepayment rules
| Situation | Rule |
|---|---|
| Floating-rate loans to individuals (non-business) | No prepayment / foreclosure charge — any lender, part or full, from any source of funds |
| Loans sanctioned or renewed from 1 Jan 2026 | RBI (Pre-payment Charges on Loans) Directions, 2025 also bar charges on floating-rate business loans to individuals and MSEs at most banks and large NBFCs; no minimum lock-in |
| Fixed-rate loans | Lender may charge as per the sanction letter and Key Facts Statement |
| Disclosure | Any charge must be shown in the sanction letter, loan agreement and KFS; waived charges cannot be levied later |
Lender-wise terms
| Lender | Processing fee | Prepayment / foreclosure |
|---|---|---|
| Indian Bank Two-Wheeler Loan | About 1% of loan + GST (aggregator) | Nil for individuals |
| Bandhan Bank Two-Wheeler Loan | Up to 5% of loan + GST (aggregator — check with bank) | Not published — check the KFS |
| PNB Two-Wheeler Loan (PNB Saarthi) | 0.50% of loan (min ₹500, max ₹1,000) + GST | Nil |
| Axis Bank Two-Wheeler Loan | Up to 2.5% of loan + GST | Foreclosure charge 5% of outstanding; part-prepayment not allowed |
| SBI Two-Wheeler Loan | 3% of loan + GST (50% waiver for salary-package customers) | Floating (MCLR-linked) loan to an individual — no prepayment charge under RBI rules; confirm in the KFS |
| Federal Bank Two-Wheeler Loan | Not published — ask for the KFS | Fixed-rate loan — charge as per sanction letter/KFS |
| Bank of Baroda Two-Wheeler Loan | 2% of loan (min ₹250) + GST | Floating: nil. Fixed: nil after 2 years; within 2 years nil up to ₹10,000, 2% + GST on amount beyond |
| HDFC Bank Two-Wheeler Loan | Up to 2.5% of loan + GST; documentation charges extra (aggregators cite up to 2.25%) | Foreclosure charge up to 5% of outstanding principal (fixed-rate loan) |
Frequently asked questions
Is it worth prepaying a small bike loan?
If there is no charge and you have spare cash after emergency savings, yes — especially at rates of 12% or more. With a 5% charge, closing late in the tenure may save little.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.