Official Rates • Updated Oct 2026Axis Bank Two Wheeler Loan Calculator 2026
Verified Axis bike & scooter loan rates of 15.00% - 25.00% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
15.00% - 25.00%
3-year MCLR 8.80% + spread
Processing Fee
Up to 2.5% of loan amount + GST
≈ ₹2,950 for current loan
Max Funding
Up to 100%
Of vehicle price
Loan Tenure
Up to 48 months
4 years max
Bike Loan Calculator
Calculate Your Two Wheeler EMI Instantly
Plan your bike, scooter, or electric two-wheeler purchase with our compact EMI calculator – quick, simple, and always on top!
₹
One Lakh Twenty Thousand rupees
₹
Twenty Thousand rupees
Axis official range: 15% - 25%Verified from official website
%
15%25%
years
Monthly EMI
₹3.47 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹24.80 K
Total Amount
₹1.25 L
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Axis Foreclosure Charge Calculator
See exactly what closing this loan early would cost you — and whether the interest you save makes it worth it.
₹
EMIs paid when you close9 mos
035 months
Estimated Foreclosure Fee (%)3% + GST
Outstanding
₹79,024
Foreclosure fee
₹2,797
3% of outstanding + GST
Total to close
₹81,822
Interest saved
₹14,572
Closing now leaves you ₹11,775 better off
₹14,572 interest avoided − ₹2,797 fee = ₹11,775 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹86,278 | ₹3,054 | ₹14,664 |
| 12 mos | ₹71,495 | ₹2,531 | ₹9,171 |
| 24 mos | ₹38,407 | ₹1,360 | ₹1,832 |
Official Axis Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Axis publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“Foreclosure: 5% of principal outstanding, no lock-in period. Part payment: 5% on the amount being prepaid”
18% GST Applicable: Prepayment & foreclosure fees attract 18% statutory GST as mandated by Government of India taxation rules.
Payoff Calculation: Estimates assume a monthly reducing balance. Official payoff statement from Axis will include exact accrued interest up to the settlement date.
Axis Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Axis
| Particulars | Axis Two Wheeler Loan |
|---|---|
| Interest Rate | 15.00% - 25.00% p.a. |
| Rate Benchmark | 3-year MCLR 8.80% + spread |
| Processing Fee | Up to 2.5% of loan amount + GST |
| Foreclosure / Prepayment | Foreclosure: 5% of principal outstanding, no lock-in period. Part payment: 5% on the amount being prepaid |
| Maximum Funding (LTV) | Up to 100% of the vehicle price |
| Maximum Tenure | 48 months (4 years) |
| Effective Date | Rate table: Oct 2026; disclosure: April 2026 to June 2026 |
Important Notes
- Axis quotes several different ranges on its own pages: rate table 15.00%-25.00% (used here), quarterly disclosure 10.00%-25.00%, product page "10% to 28%", product FAQ "10.5% to 25%". Super bikes above 500cc are a flat 11.00%.
- EV two-wheelers get a rate 0.50% lower. Tenure 12-48 months (super bikes 12-60). Up to 100% on-road funding (85% for super bikes per the product page).
- Quarterly disclosure: https://www.axis.bank.in/docs/default-source/default-document-library/quarterly-interest-rate.pdf
Last verified against the official Axis website on Oct 2026.
Axis Two Wheeler Loan Scheme-wise Rates
Axis publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Two-Wheeler Loan (rate table)3-year MCLR 8.80% + spread 6.20% to 16.20%; no reset | 15.00% - 25.00% |
| Super Bike Loan (above 500cc)3-year MCLR 8.80% + 2.20%; up to 60 months | from 11.00% |
| Rates on loans disbursed, Apr-Jun 2026Mean 19.25% | 10.00% - 25.00% |
Compare Axis with Other Two Wheeler Loan Lenders (2026)
Bike loan interest rates from each lender's official website, sorted by lowest starting rate.
Comparing for₹1,00,000 (36 mo)
Sort by:
| Lender | Interest Rate (p.a.) | Est. Monthly EMI | Calculated Processing Fee | Total Payable (incl. fees & interest) |
|---|---|---|---|---|
| 8.86% - 22.00% | ₹3,173 | Up to ₹5,900 | ₹1,20,128 | |
| 9.00% - 24.00% | ₹3,180 | Up to ₹5,000 | ₹1,19,480 | |
| 9.50% - 25.92% | ₹3,203 | Up to ₹5,000 | ₹1,20,308 | |
| 10.25% - 26.10% | ₹3,238 | Up to ₹4,000 | ₹1,20,568 | |
| 10.50% - 11.50% | ₹3,250 | 0.50% of loan amount + GST (loan up to Rs.10 lakh); stamp duty at actual; log-in charges Rs.2,000 for applicant and Rs.1,300 for each co-applicant/guarantor (non-refundable) | ₹1,17,000 | |
| 11.00% - 30.00% | ₹3,274 | ₹4,000 | ₹1,21,864 | |
| 11.70% - 15.70% | ₹3,307 | Up to ₹3,540 | ₹1,22,592 | |
| 12.60% - 16.00% | ₹3,350 | ₹2,950 | ₹1,23,550 | |
| 13.00% - 28.00% | ₹3,369 | Up to ₹4,000 | ₹1,25,284 | |
| from 13.30% | ₹3,384 | Not published | ₹1,21,824 | |
| 14.49% - 24.00% | ₹3,442 | Up to ₹4,000 | ₹1,27,912 | |
| from 14.50% | ₹3,442 | Up to ₹2,500 | ₹1,26,412 | |
| 15.00% - 25.00% | ₹3,467 | Up to ₹2,950 | ₹1,27,762 | |
| 16.00% - 25.00% | ₹3,516 | 3% of loan amount; documentation charges Rs.2,000 per case (non-refundable) | ₹1,26,576 | |
| 16.40% - 26.00% | ₹3,535 | Up to ₹5,000 | ₹1,32,260 |
Live figures calculated for ₹1,00,000 over 36 months. Rates and fee formulas sourced directly from each lender's official website (last verified 7 Oct 2026) and auto-refreshed. GST at 18% is added where charged by the lender.
Axis Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 15% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,467
Total Interest
₹24,812
Processing Fee
≈ ₹2,950
Axis Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Axis's lowest and highest published rate.
| Tenure | EMI @ 15% | EMI @ 25% |
|---|---|---|
| 12 months | ₹9,026 | ₹9,504 |
| 24 months | ₹4,849 | ₹5,337 |
| 36 months | ₹3,467 | ₹3,976 |
| 48 months | ₹2,783 | ₹3,316 |
Before You Apply for a Axis Two Wheeler Loan
- Compare the all-in cost, not just the rate. Processing fee, documentation charges and insurance bought through the dealer can add more than a 1% rate difference on a small bike loan.
- A bigger down payment cuts interest fastest. Bike loans are short, so every ₹10,000 less borrowed saves interest across the whole tenure.
- Check foreclosure terms. Many borrowers close bike loans early; Axis's published terms are listed in the Rates & Charges table above.
- Typical documents: PAN, Aadhaar / address proof, income proof (salary slips or ITR), recent bank statements and the dealer's quotation. The vehicle is hypothecated to Axis until the loan is closed, after which you get an NOC to remove it from the RC.
Axis Bank Two Wheeler Loan FAQs
Common questions about Axis bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Axis two wheeler loan interest rate in 2026?
Axis's officially published two wheeler loan interest rate is 15.00% - 25.00% p.a. This is Axis's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh Axis bike loan?
At Axis's lowest published rate of 15% p.a., the EMI on ₹1,00,000 is about ₹3,467 for 36 months or ₹4,849 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Axis charge on a two wheeler loan?
Axis's published processing fee is: Up to 2.5% of loan amount + GST.
Can I foreclose my Axis two wheeler loan early?
Axis's published foreclosure / prepayment terms: Foreclosure: 5% of principal outstanding, no lock-in period. Part payment: 5% on the amount being prepaid.
How much of the bike price does Axis finance, and for how long?
Axis finances up to 100% of the vehicle price, repayable over up to 48 months.
How is the Axis two wheeler loan EMI calculated?
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1], where P is the loan amount (vehicle price minus down payment), r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months.