Official Rates • Updated Oct 2026ESAF Small Finance Bank Two Wheeler Loan Calculator 2026
Verified ESAF SFB bike & scooter loan rates of 14.51% - 26.00% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
14.51% - 26.00%
Profile & vehicle linked
Processing Fee
3% + GST
≈ ₹3,540 for current loan
Max Funding
Up to ₹15,00,000
Per lender policy
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
ESAF SFB official range: 14.51% - 26%Verified from official website
%
14.51%26%
years
Monthly EMI
₹3.44 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹23.93 K
Total Amount
₹1.24 L
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ESAF SFB Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by ESAF SFB
| Particulars | ESAF SFB Two Wheeler Loan |
|---|---|
| Interest Rate | 14.51% - 26.00% p.a. |
| Processing Fee | 3% + GST |
| Maximum Loan Amount | ₹15,00,000 |
| Maximum Tenure | 60 months (5 years) |
| Effective Date | Rate disclosure: Q1 (1st April to 30th June), year not stated; charges w.e.f. 01-02-2026 |
Important Notes
- ESAF's retail loan rate PDF lists the Two-Wheeler Loan "Interest rate range 14.51% to 26.00%" and rates offered in Q1 of 14.55%-22.00% (average 19.83%). The PDF does not state the year, so it may be dated.
- New two-wheelers only; Rs.25,000 to Rs.15 lakh, 3 to 5 years. No funding percentage or two-wheeler foreclosure charge is published (charges schedule shows "NA").
- Product: https://www.esaf.bank.in/products/two-wheeler-loan/
Last verified against the official ESAF SFB website on Oct 2026.
ESAF SFB Two Wheeler Loan Scheme-wise Rates
ESAF SFB publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Published interest rate range | 14.51% - 26.00% |
| Rates offered during Q1 (1 Apr - 30 Jun)Average 19.83%; APR 15.45%-22.90% | 14.55% - 22.00% |
Compare ESAF SFB 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.
ESAF SFB Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 14.51% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,443
Total Interest
₹23,948
Processing Fee
≈ ₹3,540
ESAF SFB Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at ESAF SFB's lowest and highest published rate.
| Tenure | EMI @ 14.51% | EMI @ 26% |
|---|---|---|
| 12 months | ₹9,003 | ₹9,553 |
| 24 months | ₹4,825 | ₹5,387 |
| 36 months | ₹3,443 | ₹4,029 |
| 48 months | ₹2,758 | ₹3,372 |
| 60 months | ₹2,353 | ₹2,994 |
Before You Apply for a ESAF SFB 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; confirm ESAF SFB's charges before signing.
- 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 ESAF SFB until the loan is closed, after which you get an NOC to remove it from the RC.
ESAF Small Finance Bank Two Wheeler Loan FAQs
Common questions about ESAF SFB bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the ESAF SFB two wheeler loan interest rate in 2026?
ESAF SFB's officially published two wheeler loan interest rate is 14.51% - 26.00% p.a. ESAF SFB publishes this as a regulatory disclosure range (the lowest to highest rates on loans it actually sanctioned / its indicative policy range), not as a fixed rack rate. Your offer depends on your profile and vehicle.
What is the EMI for a ₹1 lakh ESAF SFB bike loan?
At ESAF SFB's lowest published rate of 14.51% p.a., the EMI on ₹1,00,000 is about ₹3,443 for 36 months or ₹4,825 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does ESAF SFB charge on a two wheeler loan?
ESAF SFB's published processing fee is: 3% + GST.
Can I foreclose my ESAF SFB two wheeler loan early?
ESAF SFB does not publish two wheeler specific foreclosure charges on its website; check your sanction letter.
How much of the bike price does ESAF SFB finance, and for how long?
ESAF SFB does not publish a fixed funding percentage, with a published maximum loan of ₹15,00,000, repayable over up to 60 months.
How is the ESAF SFB 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.