Official Rates • Updated Oct 2026ICICI Bank Two Wheeler Loan Calculator 2026
Verified ICICI bike & scooter loan rates of 10.25% - 26.10% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
10.25% - 26.10%
Fixed rate
Processing Fee
Up to 4% of loan amount
≈ ₹4,000 for current loan
Max Funding
Up to 100%
Of vehicle price
Loan Tenure
Up to 36 months
3 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
ICICI official range: 10.25% - 26.1%Verified from official website
%
10.25%26.1%
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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ICICI 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 ICICI Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
ICICI 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: 4% on Point of Sale (POS); Nil for eligible Micro and Small segment customers. Part payment: 3% of part payment amount up to 24 months seasoning, Nil after 24 months”
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 ICICI will include exact accrued interest up to the settlement date.
ICICI Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by ICICI
| Particulars | ICICI Two Wheeler Loan |
|---|---|
| Interest Rate | 10.25% - 26.10% p.a. |
| Rate Benchmark | Fixed rate |
| Processing Fee | Up to 4% of loan amount |
| Foreclosure / Prepayment | Foreclosure: 4% on Point of Sale (POS); Nil for eligible Micro and Small segment customers. Part payment: 3% of part payment amount up to 24 months seasoning, Nil after 24 months |
| Maximum Funding (LTV) | Up to 100% of the vehicle price |
| Maximum Tenure | 36 months (3 years) |
| Effective Date | Disbursal range: quarter ended June 2026 (Q1 FY2026-27) |
Important Notes
- ICICI publishes a 10.25%-26.10% range and, separately, the range on loans actually disbursed in Apr-Jun 2026 (17.00%-18.00%, mean 17.50%). Both are shown.
- Foreclosure wording differs on ICICI's own pages: the charges tab says 4% on Point of Sale; the product FAQ says 5% + GST of principal outstanding.
- Tenure 12 to 36 months; up to 100% of on-road price.
Last verified against the official ICICI website on Oct 2026.
ICICI Two Wheeler Loan Scheme-wise Rates
ICICI publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Published range"Bike Loan interest rates ... range from 10.25%* to 26.10%* per annum" | 10.25% - 26.10% |
| Rates on loans disbursed, Apr-Jun 2026Mean 17.50%; fixed rate | 17.00% - 18.00% |
Compare ICICI 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.
ICICI 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
≈ ₹4,000
ICICI Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at ICICI's lowest and highest published rate.
| Tenure | EMI @ 10.25% | EMI @ 26.1% |
|---|---|---|
| 12 months | ₹8,803 | ₹9,558 |
| 24 months | ₹4,626 | ₹5,393 |
| 36 months | ₹3,238 | ₹4,034 |
Before You Apply for a ICICI 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; ICICI'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 ICICI until the loan is closed, after which you get an NOC to remove it from the RC.
ICICI Bank Two Wheeler Loan FAQs
Common questions about ICICI bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the ICICI two wheeler loan interest rate in 2026?
ICICI's officially published two wheeler loan interest rate is 10.25% - 26.10% p.a. This is ICICI's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh ICICI bike loan?
At ICICI'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 ICICI charge on a two wheeler loan?
ICICI's published processing fee is: Up to 4% of loan amount.
Can I foreclose my ICICI two wheeler loan early?
ICICI's published foreclosure / prepayment terms: Foreclosure: 4% on Point of Sale (POS); Nil for eligible Micro and Small segment customers. Part payment: 3% of part payment amount up to 24 months seasoning, Nil after 24 months.
How much of the bike price does ICICI finance, and for how long?
ICICI finances up to 100% of the vehicle price, repayable over up to 36 months.
How is the ICICI 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.