Official Rates • Updated Oct 2026Indian Bank Two Wheeler Loan Calculator 2026
Verified Indian Bank bike & scooter loan rates of 8.90% - 11.70% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
8.90% - 11.70%
Profile & vehicle linked
Processing Fee
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
See official schedule
Max Funding
Up to 75%
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
Indian Bank official range: 8.9% - 11.7%Verified from official website
%
8.9%11.7%
years
Monthly EMI
₹3.18 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹14.31 K
Total Amount
₹1.14 L
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Indian 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
₹77,436
Foreclosure fee
₹2,741
3% of outstanding + GST
Total to close
₹80,177
Interest saved
₹8,298
Closing now leaves you ₹5,556 better off
₹8,298 interest avoided − ₹2,741 fee = ₹5,556 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,125 | ₹3,013 | ₹7,122 |
| 12 mos | ₹69,575 | ₹2,463 | ₹4,170 |
| 24 mos | ₹36,329 | ₹1,286 | ₹489 |
Official Indian Bank Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Indian 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
“Term loan individuals: Nil; non-individuals: 2% on the balance outstanding”
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 Indian Bank will include exact accrued interest up to the settlement date.
Indian Bank Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Indian Bank
| Particulars | Indian Bank Two Wheeler Loan |
|---|---|
| Interest Rate | 8.90% - 11.70% p.a. |
| Processing Fee | 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 |
| Foreclosure / Prepayment | Term loan individuals: Nil; non-individuals: 2% on the balance outstanding |
| Maximum Funding (LTV) | Up to 75% of the vehicle price |
| Maximum Loan Amount | ₹10,00,000 |
| Maximum Tenure | 48 months (4 years) |
| Effective Date | Floating rate page last modified Sep 10, 2026 |
Important Notes
- Indian Bank lists "Vehicle Loan for Purchase of 2 Wheeler 8.90% to 10.40%" (floating) and "10.20% to 11.70%" (fixed), separately from the car loan row.
- Processing fee is stated two ways on Indian Bank's own pages (1% of loan vs Rs.1,000 flat); both quoted.
- New two-wheelers, up to Rs.10 lakh, up to 48 months, margin 25% to 30%.
- Fixed rates: https://indianbank.bank.in/en/interest-rates-on-personal-segment-loan-products-fixed
Last verified against the official Indian Bank website on Oct 2026.
Indian Bank Two Wheeler Loan Scheme-wise Rates
Indian Bank publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Vehicle loan for 2 wheeler - floating | 8.90% - 10.40% |
| Vehicle loan for 2 wheeler - fixed | 10.20% - 11.70% |
Compare Indian 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.
Indian Bank Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 8.9% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,175
Total Interest
₹14,300
Processing Fee
Not published
Indian Bank Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Indian Bank's lowest and highest published rate.
| Tenure | EMI @ 8.9% | EMI @ 11.7% |
|---|---|---|
| 12 months | ₹8,741 | ₹8,871 |
| 24 months | ₹4,564 | ₹4,693 |
| 36 months | ₹3,175 | ₹3,307 |
| 48 months | ₹2,484 | ₹2,619 |
Before You Apply for a Indian 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; Indian 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 Indian Bank until the loan is closed, after which you get an NOC to remove it from the RC.
Indian Bank Two Wheeler Loan FAQs
Common questions about Indian Bank bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Indian Bank two wheeler loan interest rate in 2026?
Indian Bank's officially published two wheeler loan interest rate is 8.90% - 11.70% p.a. This is Indian Bank's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh Indian Bank bike loan?
At Indian Bank's lowest published rate of 8.9% p.a., the EMI on ₹1,00,000 is about ₹3,175 for 36 months or ₹4,564 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Indian Bank charge on a two wheeler loan?
Indian Bank's published processing fee is: 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.
Can I foreclose my Indian Bank two wheeler loan early?
Indian Bank's published foreclosure / prepayment terms: Term loan individuals: Nil; non-individuals: 2% on the balance outstanding.
How much of the bike price does Indian Bank finance, and for how long?
Indian Bank finances up to 75% of the vehicle price, with a published maximum loan of ₹10,00,000, repayable over up to 48 months.
How is the Indian 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.