Official Rates • Updated Oct 2026Karnataka Bank Two Wheeler Loan Calculator 2026
Verified Karnataka Bank bike & scooter loan rates of 12.08% - 14.58% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
12.08% - 14.58%
EBLR (reviewed w.e.f. 01.10.2026) + spread
Processing Fee
KBL Easy Ride: 0.5% of loan amount, minimum Rs.500; KBL Xpress Easy Ride: 1% of loan amount, minimum Rs.1,000
≈ ₹1,000 for current loan
Max Funding
Up to 85%
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
Karnataka Bank official range: 12.08% - 14.58%Verified from official website
%
12.08%14.58%
years
Monthly EMI
₹3.33 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹19.71 K
Total Amount
₹1.20 L
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Karnataka 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
₹78,272
Foreclosure fee
₹2,771
3% of outstanding + GST
Total to close
₹81,043
Interest saved
₹11,509
Closing now leaves you ₹8,739 better off
₹11,509 interest avoided − ₹2,771 fee = ₹8,739 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,734 | ₹3,035 | ₹10,989 |
| 12 mos | ₹70,584 | ₹2,499 | ₹6,724 |
| 24 mos | ₹37,410 | ₹1,324 | ₹1,168 |
Official Karnataka Bank Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Karnataka 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 foreclosure / pre-closure charges”
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 Karnataka Bank will include exact accrued interest up to the settlement date.
Karnataka Bank Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Karnataka Bank
| Particulars | Karnataka Bank Two Wheeler Loan |
|---|---|
| Interest Rate | 12.08% - 14.58% p.a. |
| Rate Benchmark | EBLR (reviewed w.e.f. 01.10.2026) + spread |
| Processing Fee | KBL Easy Ride: 0.5% of loan amount, minimum Rs.500; KBL Xpress Easy Ride: 1% of loan amount, minimum Rs.1,000 |
| Foreclosure / Prepayment | No foreclosure / pre-closure charges |
| Maximum Funding (LTV) | Up to 85% of the vehicle price |
| Maximum Loan Amount | ₹2,00,000 |
| Maximum Tenure | 60 months (5 years) |
| Effective Date | w.e.f. 1st October 2026 |
Important Notes
- Karnataka Bank's schematic loan rates (w.e.f. 1st October 2026): "KBL Easy Ride: (Finance for purchase of two wheeler) 12.08"; its fixed-rate table lists 14.58%.
- Up to 85% of on-road price or Rs.2 lakh, whichever is lower; up to 60 months. A family member or third-party guarantee is required.
- Product: https://www.karnatakabank.bank.in/personal/loans/two-wheeler-loan
Last verified against the official Karnataka Bank website on Oct 2026.
Karnataka Bank Two Wheeler Loan Scheme-wise Rates
Karnataka Bank publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| KBL Easy Ride (floating, EBLR-linked) | from 12.08% |
| KBL Easy Ride (fixed rate)Fixed for 5 years | from 14.58% |
Compare Karnataka 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.
Karnataka Bank Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 12.08% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,325
Total Interest
₹19,700
Processing Fee
≈ ₹1,000
Karnataka Bank Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Karnataka Bank's lowest and highest published rate.
| Tenure | EMI @ 12.08% | EMI @ 14.58% |
|---|---|---|
| 12 months | ₹8,889 | ₹9,006 |
| 24 months | ₹4,711 | ₹4,829 |
| 36 months | ₹3,325 | ₹3,446 |
| 48 months | ₹2,637 | ₹2,762 |
| 60 months | ₹2,228 | ₹2,357 |
Before You Apply for a Karnataka 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; Karnataka 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 Karnataka Bank until the loan is closed, after which you get an NOC to remove it from the RC.
Karnataka Bank Two Wheeler Loan FAQs
Common questions about Karnataka Bank bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Karnataka Bank two wheeler loan interest rate in 2026?
Karnataka Bank's officially published two wheeler loan interest rate is 12.08% - 14.58% p.a. This is Karnataka Bank's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh Karnataka Bank bike loan?
At Karnataka Bank's lowest published rate of 12.08% p.a., the EMI on ₹1,00,000 is about ₹3,325 for 36 months or ₹4,711 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Karnataka Bank charge on a two wheeler loan?
Karnataka Bank's published processing fee is: KBL Easy Ride: 0.5% of loan amount, minimum Rs.500; KBL Xpress Easy Ride: 1% of loan amount, minimum Rs.1,000.
Can I foreclose my Karnataka Bank two wheeler loan early?
Karnataka Bank's published foreclosure / prepayment terms: No foreclosure / pre-closure charges.
How much of the bike price does Karnataka Bank finance, and for how long?
Karnataka Bank finances up to 85% of the vehicle price, with a published maximum loan of ₹2,00,000, repayable over up to 60 months.
How is the Karnataka 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.