Official Rates • Updated Oct 2026Punjab National Bank Two Wheeler Loan Calculator 2026
Verified PNB bike & scooter loan rates of 10.85% - 12.35% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
10.85% - 12.35%
RLLR + BSP + spread (floating), or fixed
Processing Fee
0.50% of loan amount (minimum Rs.500, maximum Rs.1,000), excluding GST
≈ ₹590 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
PNB official range: 10.85% - 12.35%Verified from official website
%
10.85%12.35%
years
Monthly EMI
₹3.27 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹17.60 K
Total Amount
₹1.18 L
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PNB 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
₹77,951
Foreclosure fee
₹2,759
3% of outstanding + GST
Total to close
₹80,711
Interest saved
₹10,252
Closing now leaves you ₹7,492 better off
₹10,252 interest avoided − ₹2,759 fee = ₹7,492 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,500 | ₹3,027 | ₹9,476 |
| 12 mos | ₹70,195 | ₹2,485 | ₹5,722 |
| 24 mos | ₹36,991 | ₹1,309 | ₹900 |
Official PNB Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
PNB publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“Nil”
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 PNB will include exact accrued interest up to the settlement date.
PNB Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by PNB
| Particulars | PNB Two Wheeler Loan |
|---|---|
| Interest Rate | 10.85% - 12.35% p.a. |
| Rate Benchmark | RLLR + BSP + spread (floating), or fixed |
| Processing Fee | 0.50% of loan amount (minimum Rs.500, maximum Rs.1,000), excluding GST |
| Foreclosure / Prepayment | Nil |
| Maximum Funding (LTV) | Up to 90% of the vehicle price |
| Maximum Loan Amount | ₹10,00,000 |
| Maximum Tenure | 60 months (5 years) |
| Effective Date | RLLR revised to 8.35% w.e.f. 08.10.2026; two-wheeler table shows no date |
Important Notes
- PNB's rate page: "TWO-WHEELERS LOAN - PNB SAARTHI & PNB POWER RIDE - ROI STARTING FROM 10.85% p.a." The "presently" figures are worked out on RLLR+BSP of 8.10%; PNB has revised its RLLR to 8.35% w.e.f. 08.10.2026, so floating rates may be about 0.25% higher until the table is updated (PNB's Digi Saarthi portal already shows 11.10%).
- Maximum Rs.10 lakh only for super bikes / hybrids of 200cc and above; Rs.1.50 lakh for other two-wheelers. Scooter/motorcycle up to 60 EMIs (scooterette 30, moped 24).
- Margin 10% where salary is credited through the branch (90% funding); 25% for business concerns.
Last verified against the official PNB website on Oct 2026.
PNB Two Wheeler Loan Scheme-wise Rates
PNB publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| PNB Saarthi - SalariedFloating RLLR+BSP+2.75% (presently 10.85%); fixed 11.85% | 10.85% - 11.85% |
| PNB Saarthi - Others incl. business concernFloating RLLR+BSP+3.25% (presently 11.35%); fixed 12.35% | 11.35% - 12.35% |
| PNB Power Ride (women)Floating RLLR+BSP+1.90% (presently 10.00%); fixed 11.00%; max Rs.60,000, up to 36 months | 10.00% - 11.00% |
| PNB Digi Saarthi (pre-approved, existing customers)Digital portal "ROI @11.10%", nil processing fee | from 11.10% |
Compare PNB 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.
PNB Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 10.85% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,267
Total Interest
₹17,612
Processing Fee
≈ ₹590
PNB Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at PNB's lowest and highest published rate.
| Tenure | EMI @ 10.85% | EMI @ 12.35% |
|---|---|---|
| 12 months | ₹8,831 | ₹8,901 |
| 24 months | ₹4,654 | ₹4,724 |
| 36 months | ₹3,267 | ₹3,338 |
| 48 months | ₹2,577 | ₹2,651 |
| 60 months | ₹2,167 | ₹2,242 |
Before You Apply for a PNB 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; PNB'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 PNB until the loan is closed, after which you get an NOC to remove it from the RC.
Punjab National Bank Two Wheeler Loan FAQs
Common questions about PNB bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the PNB two wheeler loan interest rate in 2026?
PNB's officially published two wheeler loan interest rate is 10.85% - 12.35% p.a. This is PNB's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh PNB bike loan?
At PNB's lowest published rate of 10.85% p.a., the EMI on ₹1,00,000 is about ₹3,267 for 36 months or ₹4,654 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does PNB charge on a two wheeler loan?
PNB's published processing fee is: 0.50% of loan amount (minimum Rs.500, maximum Rs.1,000), excluding GST.
Can I foreclose my PNB two wheeler loan early?
PNB's published foreclosure / prepayment terms: Nil.
How much of the bike price does PNB finance, and for how long?
PNB 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 PNB 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.