Official Rates • Updated Oct 2026Bandhan Bank Two Wheeler Loan Calculator 2026
Verified Bandhan bike & scooter loan rates of 8.86% - 22.00% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
8.86% - 22.00%
Fixed rate
Processing Fee
Up to 5% of loan amount plus applicable taxes
≈ ₹5,900 for current loan
Max Funding
Up to 95%
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
Bandhan official range: 8.86% - 22%Verified from official website
%
8.86%22%
years
Monthly EMI
₹3.17 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹14.24 K
Total Amount
₹1.14 L
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Bandhan 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
₹77,425
Foreclosure fee
₹2,741
3% of outstanding + GST
Total to close
₹80,166
Interest saved
₹8,258
Closing now leaves you ₹5,517 better off
₹8,258 interest avoided − ₹2,741 fee = ₹5,517 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,117 | ₹3,013 | ₹7,074 |
| 12 mos | ₹69,562 | ₹2,462 | ₹4,138 |
| 24 mos | ₹36,315 | ₹1,286 | ₹481 |
Official Bandhan Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Bandhan publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“Fixed rate: less than 12 months 4% of principal outstanding; more than 12 months 2% of principal outstanding. Part payment charges not applicable”
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 Bandhan will include exact accrued interest up to the settlement date.
Bandhan Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Bandhan
| Particulars | Bandhan Two Wheeler Loan |
|---|---|
| Interest Rate | 8.86% - 22.00% p.a. |
| Rate Benchmark | Fixed rate |
| Processing Fee | Up to 5% of loan amount plus applicable taxes |
| Foreclosure / Prepayment | Fixed rate: less than 12 months 4% of principal outstanding; more than 12 months 2% of principal outstanding. Part payment charges not applicable |
| Maximum Funding (LTV) | Up to 95% of the vehicle price |
| Maximum Loan Amount | ₹5,00,000 |
| Maximum Tenure | 48 months (4 years) |
| Effective Date | Rates effective from October 01, 2026 |
Important Notes
- Bandhan's product page: "Rates starting from 9.50% p.a. (up to 3 years); Rates starting from 8.86% p.a. (more than 3 years)". No ceiling is published there; the 22.00% upper end is from its disclosure of rates on loans disbursed in Apr-Jun 2026 (12.99%-22.00%, mean 18.51%).
- Both starting rates are below the lowest rate Bandhan actually charged in Apr-Jun 2026 (12.99%).
- Up to 95% LTV, up to Rs.5 lakh, up to 4 years (brochure). The microfinance two-wheeler loan for existing micro-loan customers is a separate product and not included.
Last verified against the official Bandhan website on Oct 2026.
Bandhan Two Wheeler Loan Scheme-wise Rates
Bandhan publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Tenure up to 3 years (starting rate) | from 9.50% |
| Tenure more than 3 years (starting rate) | from 8.86% |
| Rates given on loans disbursed Apr-Jun 2026Mean 18.51% | 12.99% - 22.00% |
Compare Bandhan 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.
Bandhan Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 8.86% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,173
Total Interest
₹14,228
Processing Fee
≈ ₹5,900
Bandhan Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Bandhan's lowest and highest published rate.
| Tenure | EMI @ 8.86% | EMI @ 22% |
|---|---|---|
| 12 months | ₹8,739 | ₹9,359 |
| 24 months | ₹4,562 | ₹5,188 |
| 36 months | ₹3,173 | ₹3,819 |
| 48 months | ₹2,482 | ₹3,151 |
Before You Apply for a Bandhan 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; Bandhan'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 Bandhan until the loan is closed, after which you get an NOC to remove it from the RC.
Bandhan Bank Two Wheeler Loan FAQs
Common questions about Bandhan bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Bandhan two wheeler loan interest rate in 2026?
Bandhan's officially published two wheeler loan interest rate is 8.86% - 22.00% p.a. Bandhan publishes only a starting rate; the final rate depends on your profile and vehicle.
What is the EMI for a ₹1 lakh Bandhan bike loan?
At Bandhan's lowest published rate of 8.86% p.a., the EMI on ₹1,00,000 is about ₹3,173 for 36 months or ₹4,562 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Bandhan charge on a two wheeler loan?
Bandhan's published processing fee is: Up to 5% of loan amount plus applicable taxes.
Can I foreclose my Bandhan two wheeler loan early?
Bandhan's published foreclosure / prepayment terms: Fixed rate: less than 12 months 4% of principal outstanding; more than 12 months 2% of principal outstanding. Part payment charges not applicable.
How much of the bike price does Bandhan finance, and for how long?
Bandhan finances up to 95% of the vehicle price, with a published maximum loan of ₹5,00,000, repayable over up to 48 months.
How is the Bandhan 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.