Official Rates • Updated Oct 2026Central Bank of India Two Wheeler Loan Calculator 2026
Verified Central Bank bike & scooter loan rates of 10.25% - 11.35% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
10.25% - 11.35%
RBLR 8.25% (repo 5.25% + spread 3.00%) + spread
Processing Fee
0.50% of loan amount, minimum Rs.500, maximum Rs.2,000; full waiver till 31.12.2026
≈ ₹500 for current loan
Max Funding
Up to 90%
Of vehicle price
Loan Tenure
Up to 60 months
5 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
Central Bank official range: 10.25% - 11.35%Verified from official website
%
10.25%11.35%
years
Monthly EMI
₹3.24 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹16.58 K
Total Amount
₹1.17 L
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Central Bank 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
₹77,793
Foreclosure fee
₹2,754
3% of outstanding + GST
Total to close
₹80,547
Interest saved
₹9,645
Closing now leaves you ₹6,891 better off
₹9,645 interest avoided − ₹2,754 fee = ₹6,891 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,385 | ₹3,023 | ₹8,746 |
| 12 mos | ₹70,005 | ₹2,478 | ₹5,240 |
| 24 mos | ₹36,787 | ₹1,302 | ₹772 |
Official Central Bank Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Central Bank publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“No prepayment charges on floating rate (non-business) term loans to individual borrowers”
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 Central Bank will include exact accrued interest up to the settlement date.
Central Bank Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Central Bank
| Particulars | Central Bank Two Wheeler Loan |
|---|---|
| Interest Rate | 10.25% - 11.35% p.a. |
| Rate Benchmark | RBLR 8.25% (repo 5.25% + spread 3.00%) + spread |
| Processing Fee | 0.50% of loan amount, minimum Rs.500, maximum Rs.2,000; full waiver till 31.12.2026 |
| Foreclosure / Prepayment | No prepayment charges on floating rate (non-business) term loans to individual borrowers |
| Maximum Funding (LTV) | Up to 90% of the vehicle price |
| Maximum Loan Amount | ₹10,00,000 |
| Maximum Tenure | 60 months (5 years) |
| Effective Date | Rate page last updated 31.08.2026 |
Important Notes
- Central Bank: "Cent Vehicle (2-Wheeler) RBLR + 2.00% TO RBLR + 3.10% | 10.25% to 11.35%" (presently RBLR 8.25%).
- New two-wheeler up to Rs.10 lakh, up to 60 months (72 for electric). The lower 8.85%-9.40% rate is only for women buying an electric two-wheeler.
Last verified against the official Central Bank website on Oct 2026.
Central Bank Two Wheeler Loan Scheme-wise Rates
Central Bank publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Cent Vehicle (2-Wheeler)RBLR + 2.00% to RBLR + 3.10%, based on CIC score | 10.25% - 11.35% |
| Cent Go Green Vehicle (electric 2-Wheeler)Up to 72 months | 10.25% - 11.35% |
| Cent EV 2-Wheeler for FemalesGirl students / earning women only; max Rs.2.50 lakh; up to 72 months | 8.85% - 9.40% |
Compare Central Bank 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 | |
| 8.90% - 11.70% | ₹3,175 | 1% on the loan amount (processing-fee page); the service-charges circular w.e.f. 01.01.26 lists Rs.1,000 irrespective of loan amount for the Vehicle Loan Scheme | ₹1,14,300 | |
| 9.00% - 13.35% | ₹3,180 | ₹1,000 | ₹1,15,480 | |
| 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 | |
| 10.00% - 30.00% | ₹3,227 | Up to ₹5,000 | ₹1,21,172 | |
| 10.10% - 15.75% | ₹3,231 | Up to ₹1,180 | ₹1,17,496 | |
| 10.25% - 26.10% | ₹3,238 | Up to ₹4,000 | ₹1,20,568 | |
| 10.25% - 11.35% | ₹3,238 | Up to ₹500 | ₹1,17,068 | |
| 10.45% - 12.95% | ₹3,248 | ₹1,475 | ₹1,18,403 | |
| 10.50% - 12.90% | ₹3,250 | Up to ₹5,000 | ₹1,22,000 | |
| 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 | |
| 10.75% - 13.65% | ₹3,262 | ₹2,360 | ₹1,19,792 | |
| 10.85% - 12.35% | ₹3,267 | Up to ₹590 | ₹1,18,202 | |
| 10.85% - 14.15% | ₹3,267 | Full waiver of processing charges on vehicle loans (product page) | ₹1,17,612 |
Live figures calculated for ₹1,00,000 over 36 months. Rates and fee formulas sourced directly from each lender's official website (last verified 8 Oct 2026) and auto-refreshed. GST at 18% is added where charged by the lender.
Central Bank Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 10.25% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,238
Total Interest
₹16,568
Processing Fee
≈ ₹500
Central Bank Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Central Bank's lowest and highest published rate.
| Tenure | EMI @ 10.25% | EMI @ 11.35% |
|---|---|---|
| 12 months | ₹8,803 | ₹8,854 |
| 24 months | ₹4,626 | ₹4,677 |
| 36 months | ₹3,238 | ₹3,290 |
| 48 months | ₹2,548 | ₹2,602 |
| 60 months | ₹2,137 | ₹2,192 |
Before You Apply for a Central Bank 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; Central Bank'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 Central Bank until the loan is closed, after which you get an NOC to remove it from the RC.
Central Bank of India Two Wheeler Loan FAQs
Common questions about Central Bank bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Central Bank two wheeler loan interest rate in 2026?
Central Bank's officially published two wheeler loan interest rate is 10.25% - 11.35% p.a. This is Central Bank's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh Central Bank bike loan?
At Central Bank's lowest published rate of 10.25% p.a., the EMI on ₹1,00,000 is about ₹3,238 for 36 months or ₹4,626 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Central Bank charge on a two wheeler loan?
Central Bank's published processing fee is: 0.50% of loan amount, minimum Rs.500, maximum Rs.2,000; full waiver till 31.12.2026.
Can I foreclose my Central Bank two wheeler loan early?
Central Bank's published foreclosure / prepayment terms: No prepayment charges on floating rate (non-business) term loans to individual borrowers.
How much of the bike price does Central Bank finance, and for how long?
Central Bank finances up to 90% of the vehicle price, with a published maximum loan of ₹10,00,000, repayable over up to 60 months.
How is the Central Bank 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.