Official Rates • Updated Oct 2026State Bank of India Two Wheeler Loan Calculator 2026
Verified SBI bike & scooter loan rates of 11.70% - 15.70% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
11.70% - 15.70%
Fixed rate for the full tenure (shown under 1-year MCLR 8.70%)
Processing Fee
Two-Wheeler Loan: 3.00% of loan amount + GST (50% waiver for salary package customers). Super Bike Loan: 2.00% of loan amount + GST, maximum Rs.10,000 + GST
≈ ₹3,540 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
SBI official range: 11.7% - 15.7%Verified from official website
%
11.7%15.7%
years
Monthly EMI
₹3.31 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹19.06 K
Total Amount
₹1.19 L
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SBI Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by SBI
| Particulars | SBI Two Wheeler Loan |
|---|---|
| Interest Rate | 11.70% - 15.70% p.a. |
| Rate Benchmark | Fixed rate for the full tenure (shown under 1-year MCLR 8.70%) |
| Processing Fee | Two-Wheeler Loan: 3.00% of loan amount + GST (50% waiver for salary package customers). Super Bike Loan: 2.00% of loan amount + GST, maximum Rs.10,000 + GST |
| Maximum Funding (LTV) | Up to 85% of the vehicle price |
| Maximum Loan Amount | ₹3,00,000 |
| Maximum Tenure | 60 months (5 years) |
| Effective Date | Rates page last updated 16-09-2026 |
Important Notes
- SBI publishes a fixed rate that stays the same for the whole loan: "SBI Two-Wheeler Loan 11.70% to 15.70% (0.50% Concession available for Electric Two-wheeler); Super Bike Loan Scheme 12.55% to 14.55%".
- Maximum loan Rs.3 lakh applies to the regular two-wheeler loan; the Super Bike scheme goes up to Rs.25 lakh.
- SBI does not publish two-wheeler specific foreclosure charges (its auto loan MITC only states car loan terms).
- Processing fees: https://sbi.bank.in/web/interest-rates/interest-rates/processing-fees
Last verified against the official SBI website on Oct 2026.
SBI Two Wheeler Loan Scheme-wise Rates
SBI publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| SBI Two-Wheeler Loan0.50% concession for electric two-wheelers; Rs.50,000 to Rs.3 lakh, up to 85% of on-road price, up to 60 months | 11.70% - 15.70% |
| Super Bike Loan SchemeRs.1.50 lakh to Rs.25 lakh; margin 15% (salary package) / 20% (others); up to 5 years | 12.55% - 14.55% |
Compare SBI 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.
SBI Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 11.7% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,307
Total Interest
₹19,052
Processing Fee
≈ ₹3,540
SBI Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at SBI's lowest and highest published rate.
| Tenure | EMI @ 11.7% | EMI @ 15.7% |
|---|---|---|
| 12 months | ₹8,871 | ₹9,059 |
| 24 months | ₹4,693 | ₹4,882 |
| 36 months | ₹3,307 | ₹3,501 |
| 48 months | ₹2,619 | ₹2,819 |
| 60 months | ₹2,209 | ₹2,416 |
Before You Apply for a SBI 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; confirm SBI's charges before signing.
- 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 SBI until the loan is closed, after which you get an NOC to remove it from the RC.
State Bank of India Two Wheeler Loan FAQs
Common questions about SBI bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the SBI two wheeler loan interest rate in 2026?
SBI's officially published two wheeler loan interest rate is 11.70% - 15.70% p.a. This is SBI's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh SBI bike loan?
At SBI's lowest published rate of 11.7% p.a., the EMI on ₹1,00,000 is about ₹3,307 for 36 months or ₹4,693 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does SBI charge on a two wheeler loan?
SBI's published processing fee is: Two-Wheeler Loan: 3.00% of loan amount + GST (50% waiver for salary package customers). Super Bike Loan: 2.00% of loan amount + GST, maximum Rs.10,000 + GST.
Can I foreclose my SBI two wheeler loan early?
SBI does not publish two wheeler specific foreclosure charges on its website; check your sanction letter.
How much of the bike price does SBI finance, and for how long?
SBI finances up to 85% of the vehicle price, with a published maximum loan of ₹3,00,000, repayable over up to 60 months.
How is the SBI 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.