Official Rates • Updated Oct 2026Punjab & Sind Bank Two Wheeler Loan Calculator 2026
Verified PSB bike & scooter loan rates of 11.30% - 15.65% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
11.30% - 15.65%
PSB Repo Linked Rate 7.60% (repo 5.50% w.e.f. 08.10.2026 + mark-up 2.10%) + CRP + BSP
Processing Fee
0.25% of loan amount, minimum Rs.1,000
≈ ₹1,000 for current loan
Max Funding
Up to 90%
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
PSB official range: 11.3% - 15.65%Verified from official website
%
11.3%15.65%
years
Monthly EMI
₹3.29 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹18.37 K
Total Amount
₹1.18 L
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PSB 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
₹78,069
Foreclosure fee
₹2,764
3% of outstanding + GST
Total to close
₹80,833
Interest saved
₹10,710
Closing now leaves you ₹7,946 better off
₹10,710 interest avoided − ₹2,764 fee = ₹7,946 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,586 | ₹3,030 | ₹10,027 |
| 12 mos | ₹70,338 | ₹2,490 | ₹6,087 |
| 24 mos | ₹37,145 | ₹1,315 | ₹998 |
Official PSB Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
PSB 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 for individuals / proprietorships”
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 PSB will include exact accrued interest up to the settlement date.
PSB Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by PSB
| Particulars | PSB Two Wheeler Loan |
|---|---|
| Interest Rate | 11.30% - 15.65% p.a. |
| Rate Benchmark | PSB Repo Linked Rate 7.60% (repo 5.50% w.e.f. 08.10.2026 + mark-up 2.10%) + CRP + BSP |
| Processing Fee | 0.25% of loan amount, minimum Rs.1,000 |
| Foreclosure / Prepayment | Nil for individuals / proprietorships |
| Maximum Funding (LTV) | Up to 90% of the vehicle price |
| Maximum Tenure | 36 months (3 years) |
| Effective Date | w.e.f. 08.10.2026 |
Important Notes
- Punjab & Sind Bank EBLR rate sheet (w.e.f. 08.10.2026): PSB Apna Vahan two wheeler 11.35% (CIBIL 825+) to 15.65% (649 & below); digital E Apna Vahan from 11.30%.
- Tenure: the Apna Vahan page says max 36 months for new two-wheelers; the Sugam and E-Vahan pages say 60 months.
- Margin 10% for all customers (90% funding), lower for Govt/PSU employees. No maximum loan ceiling for new vehicles.
- Product: https://punjabandsind.bank.in/content/conveyance
Last verified against the official PSB website on Oct 2026.
PSB Two Wheeler Loan Scheme-wise Rates
PSB publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| PSB Apna Vahan - new two wheeler (by CIBIL)825+ 11.35%; 750-790 11.45%; 725-749 11.80%; 700-724 12.15%; 650-699 13.15%; 649 & below 15.65% | 11.35% - 15.65% |
| PSB E Apna Vahan (digital, STP) - two wheelerMinimum CIBIL 700 for digital; 13.10%/15.60% rows are for renewals only | 11.30% - 12.10% |
| PSB E-Vahan electric two wheeler | 11.30% - 15.60% |
| PSB Apna Vahan Sugam - new two wheelerGovt / PSU / reputed education institute employees, gross salary Rs.30,000+/month; up to 60 months | 11.30% - 16.05% |
| PSB Gativeer - new two wheelerRestricted scheme (incl. Agniveers) | 10.30% - 15.65% |
Compare PSB 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.
PSB Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 11.3% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,288
Total Interest
₹18,368
Processing Fee
≈ ₹1,000
PSB Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at PSB's lowest and highest published rate.
| Tenure | EMI @ 11.3% | EMI @ 15.65% |
|---|---|---|
| 12 months | ₹8,852 | ₹9,057 |
| 24 months | ₹4,675 | ₹4,880 |
| 36 months | ₹3,288 | ₹3,498 |
Before You Apply for a PSB 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; PSB'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 PSB until the loan is closed, after which you get an NOC to remove it from the RC.
Punjab & Sind Bank Two Wheeler Loan FAQs
Common questions about PSB bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the PSB two wheeler loan interest rate in 2026?
PSB's officially published two wheeler loan interest rate is 11.30% - 15.65% p.a. This is PSB's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh PSB bike loan?
At PSB's lowest published rate of 11.3% p.a., the EMI on ₹1,00,000 is about ₹3,288 for 36 months or ₹4,675 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does PSB charge on a two wheeler loan?
PSB's published processing fee is: 0.25% of loan amount, minimum Rs.1,000.
Can I foreclose my PSB two wheeler loan early?
PSB's published foreclosure / prepayment terms: Nil for individuals / proprietorships.
How much of the bike price does PSB finance, and for how long?
PSB finances up to 90% of the vehicle price, repayable over up to 36 months.
How is the PSB 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.