Two Wheeler Loan 

Axis Bank Two Wheeler Loan | Interest Rates | Documents | Information

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Get Details on Axis bank bike loan interest rates, Documents, Eligibility, Loan EMI, emi calculate for loan amount for bike or scooter online.

Features of Bike Loan – Axis Bank:

  • Loans for salaried and self-employed individuals
  • Attractive & lowest interest rates
  • No income proof schemes available
  • Special schemes for Axis Bank Salary and Priority accounts holders
  • Loans available from Rs 20,000 to Rs 70,000
  • Loans tenure from 1 Year to 3 years

Get Instant Quotes on Best Two Wheeler Loans from Top Banks in India
Professional Details
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Axis Bank Two Wheeler Loan – Eligibility:

Salaried Individuals Self-employed Individuals
  • Age (Commencement and Termination) – Between 18 years to retirement age
  • Minimum Income – Rs 60,000 to Rs 75,000 per annum depending on the Two Wheeler Model.
  • Income eligibility – As per latest salary slip or Form 16
  • Margin – 15% to 20% depending on the Two Wheeler Model

 
  • Age (Commencement and Termination) – Between 21 years and 60 years
  • Minimum Income – Rs 60,000 to Rs 75,000 per annum depending on the Two Wheeler Model
  • Income eligibility – As per latest ITR
  • Margin – 15% to 20% depending on the Two Wheeler Model

* All of above is subject to terms and conditions.

Two Wheeler Loan: Interest Rate and Fees

Interest Rates – The Bank offers very competitive interest rates on the loan amount. The current rate of interest is 15.00% per annum on a monthly reducing basis.

Processing Fee: Upto 3% of loan amount.
Pre-payment charges: 5% of the balance outstanding
Insurance: The vehicle will be comprehensively insured for the full amount favouring the Bank

Two Wheeler Loan: No Income Proof Scheme:

Additional Features Income Clubbing Scheme
For loans with Margin of 30% or above

Income Proof Documents need not be provided
  • Clubbed income of 2 individuals to be a minimum of Rs 7,000
  • Clubbing allowed in the following relationships
  1. Father and son or daughter
  2. Mother and son or daughter
  3. Husband and wife

Documents Required – Axis Bank Bike Loan:

  • ID Proof
  • Photograph
  • Income proof.
  • Legal Documents and Application form
  • Residence proof
  • Dealer invoice
  • Bank Statement for last 3 months
  • RTO Forms set

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