SBI Two-Wheeler Loan 2026
India’s largest bank lends for new scooters, motorcycles and electric two-wheelers through its branches and YONO app, with a separate Super Bike Loan for high-end motorcycles. Interest rate 11.70% – 15.70%, loan ₹50,000 – ₹3 lakh (regular two-wheeler), tenure Up to 5 years (60 months).
Rates as of 16 Sep 2026 · Checked 30 September 2026SBI Two-Wheeler Loan at a glance
- Transparent MCLR-linked rate band
- 0.50% concession on EVs
- Tenure up to 5 years
- High processing fee of 3% + GST unless you have an SBI salary package
- 15% down payment minimum
- Loan capped at ₹3 lakh on the regular scheme
SBI two-wheeler loan interest rate & charges
| Feature | SBI |
|---|---|
| Interest rate | 11.70% – 15.70% |
| Rate details | Linked to SBI’s 1-year MCLR (8.70%); the spread depends on your credit score and relationship. Electric two-wheelers get 0.50% off. Super Bike Loan is priced separately at 12.55% – 14.55%. |
| Processing fee | 3% of loan + GST (50% waiver for salary-package customers) |
| Loan amount | ₹50,000 – ₹3 lakh (regular two-wheeler) |
| Tenure | Up to 5 years (60 months) |
| Prepayment / foreclosure | Floating (MCLR-linked) loan to an individual — no prepayment charge under RBI rules; confirm in the KFS |
| Funding | Up to 85% of on-road price |
| Minimum income | ₹10,000 net monthly (salaried/pensioners); ₹1.5 lakh a year for others |
| EV concession | 0.50% lower rate for electric two-wheelers |
Special schemes & features
0.50% off the applicable rate for electric scooters and bikes
For high-end motorcycles: 12.55% – 14.55% p.a.
50% waiver on processing fee for SBI salary-package customers
Source: sbi.bank.in, 16 Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at SBI’s rates
| Loan amount | EMI @ 11.70% | EMI @ 13.70% | EMI @ 15.70% |
|---|---|---|---|
| ₹75,000 | ₹2,480 | ₹2,552 | ₹2,626 |
| ₹1,00,000 | ₹3,307 | ₹3,403 | ₹3,501 |
| ₹2,00,000 | ₹6,614 | ₹6,806 | ₹7,002 |
Tenure 3 years, reducing-balance method. Total interest on ₹1,00,000 at 11.70%: ₹19,056.
SBI two-wheeler loan EMI calculator
Eligibility
- Salaried, pensioners and self-employed individuals
- Net monthly income of at least ₹10,000 (salaried/pensioners) or ₹1.5 lakh a year (others)
- Good credit history — the rate within the 11.70% – 15.70% band depends on your score
- Loan up to 85% of on-road price, ₹50,000 – ₹3 lakh
Documents required
- Photo ID and address proof (Aadhaar, passport, voter ID, driving licence)
- PAN card
- Salaried: last 3 months’ salary slips and Form 16
- Self-employed: last 2 years’ ITR and business proof
- Bank statements for the last 6 months
- Pro-forma invoice / quotation from the dealer
- Passport-size photographs
- Signed NACH/ECS mandate for EMIs
How to apply for SBI Two-Wheeler Loan
- Choose model and get a quotationAsk the dealer for an itemised on-road price — ex-showroom, registration, insurance and any accessories.
- Compare offersGet a quote from your own bank and from the dealer’s financier. Compare APR, not the headline or flat rate.
- ApplyAt the branch, online, in the bank app or through the dealer, with KYC and income documents.
- Read the KFS and signCheck APR, fees, prepayment terms and EMI date; sign the agreement and NACH mandate.
- Disbursal and deliveryMoney is paid to the dealer; the lender’s hypothecation is recorded on the RC and you take delivery.
SBI vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹1,00,000 |
|---|---|---|---|---|
| Indian Bank Two-Wheeler Loan | 8.90% – 10.40% | About 1% of loan + GST (aggregator) | Up to 4 years (48 months) | ₹3,175 |
| Bandhan Bank Two-Wheeler Loan | 9.47% – 22.08% | Up to 5% of loan + GST (aggregator — check with bank) | Up to 4 years (48 months) | ₹3,202 |
| PNB Two-Wheeler Loan (PNB Saarthi) | 10.00% onwards | 0.50% of loan (min ₹500, max ₹1,000) + GST | Up to 5 years (60 EMIs) | ₹3,227 |
| Axis Bank Two-Wheeler Loan | 11.00% – 28.00% | Up to 2.5% of loan + GST | 12 – 48 months; super bikes up to 60 months | ₹3,274 |
| SBI Two-Wheeler Loan | 11.70% – 15.70% | 3% of loan + GST (50% waiver for salary-package customers) | Up to 5 years (60 months) | ₹3,307 |
| Federal Bank Two-Wheeler Loan | 12.60% – 16.00% | Not published — ask for the KFS | Up to 4 years (48 months) | ₹3,350 |
| Bank of Baroda Two-Wheeler Loan | 13.60% – 13.65% | 2% of loan (min ₹250) + GST | Up to 5 years (60 months) | ₹3,398 |
| HDFC Bank Two-Wheeler Loan | 14.50% onwards | Up to 2.5% of loan + GST; documentation charges extra (aggregators cite up to 2.25%) | 12 – 48 months | ₹3,442 |
Frequently asked questions
What is the SBI Two-Wheeler Loan two-wheeler loan interest rate?
SBI two-wheeler loan rates start at 11.70% and go up to 15.70% p.a. (as of 16 Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹1,00,000 from SBI?
At 11.70% for 3 years the EMI is about ₹3,307, with total interest of ₹19,056.
What is the processing fee?
SBI: 3% of loan + GST (50% waiver for salary-package customers). GST at 18% applies on fees.
What is the maximum tenure?
SBI: Up to 5 years (60 months).
Can I prepay or foreclose the loan?
SBI: Floating (MCLR-linked) loan to an individual — no prepayment charge under RBI rules; confirm in the KFS.
Does SBI give a lower rate on electric scooters?
Yes. SBI publishes a 0.50% concession for electric two-wheelers, so a borrower who would get 11.70% on a petrol bike would pay about 11.20% on an EV.
What is SBI’s Super Bike Loan rate?
12.55% – 14.55% p.a. as per SBI’s auto-loan rate page (Sep 2026).
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with SBI Two-Wheeler Loan. Terms change — confirm with the lender.