Official Rates • Updated Oct 2026Shriram Finance Two Wheeler Loan Calculator 2026
Verified Shriram Finance bike & scooter loan rates of 10.00% - 30.00% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
10.00% - 30.00%
Fixed rate
Processing Fee
Up to 5% of the loan amount
≈ ₹5,000 for current loan
Max Funding
Up to 95%
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
Shriram Finance official range: 10% - 30%Verified from official website
%
10%30%
years
Monthly EMI
₹3.23 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹16.16 K
Total Amount
₹1.16 L
Was this helpful?
Shriram Finance 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
₹77,727
Foreclosure fee
₹2,752
3% of outstanding + GST
Total to close
₹80,479
Interest saved
₹9,394
Closing now leaves you ₹6,642 better off
₹9,394 interest avoided − ₹2,752 fee = ₹6,642 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,337 | ₹3,021 | ₹8,443 |
| 12 mos | ₹69,926 | ₹2,475 | ₹5,040 |
| 24 mos | ₹36,702 | ₹1,299 | ₹719 |
Official Shriram Finance Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Shriram Finance publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“Up to 4% of the outstanding principal (no foreclosure within 12 months of the first EMI; additional 2% if the loan is transferred to another lender)”
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 Shriram Finance will include exact accrued interest up to the settlement date.
Shriram Finance Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Shriram Finance
| Particulars | Shriram Finance Two Wheeler Loan |
|---|---|
| Interest Rate | 10.00% - 30.00% p.a. |
| Rate Benchmark | Fixed rate |
| Processing Fee | Up to 5% of the loan amount |
| Foreclosure / Prepayment | Up to 4% of the outstanding principal (no foreclosure within 12 months of the first EMI; additional 2% if the loan is transferred to another lender) |
| Maximum Funding (LTV) | Up to 95% of the vehicle price |
| Maximum Loan Amount | ₹2,00,000 |
| Maximum Tenure | 60 months (5 years) |
| Lending Entity | Shriram Finance Limited |
| Effective Date | Interest Rate Policy Version V3.2026-27 |
Important Notes
- Shriram's two-wheeler page says "Starting from 10%* p.a." with no ceiling; its RBI-mandated Interest Rate Policy (Annexure 1) gives "Non-commercial vehicle (New) - Two-wheeler 10% to 30%" (used two-wheelers 11% to 42% / 36%).
- Up to 95% of on-road price, Rs.10,000 to Rs.2 lakh (higher amounts subject to conditions), 12 to 60 months. The calculator on Shriram's page goes up to 32%, which matches the policy's commercial two/three-wheeler row, not the retail one.
- Policy PDF: https://cdn.shriramfinance.in/sfl-kalam/files/2026-08/Interest_Rate_Policy.pdf
Last verified against the official Shriram Finance website on Oct 2026.
Shriram Finance Two Wheeler Loan Scheme-wise Rates
Shriram Finance publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Two-Wheeler Loan (marketing page)"Starting from 10%* p.a." | from 10.00% |
| Non-commercial vehicle (New) - Two-wheeler (Interest Rate Policy) | 10.00% - 30.00% |
| Non-commercial vehicle (Used) - Two-wheeler (Interest Rate Policy)Policy row reads "11% to 42% / 11% to 36%" | 11.00% - 42.00% |
Compare Shriram Finance 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.
Shriram Finance Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 10% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,227
Total Interest
₹16,172
Processing Fee
≈ ₹5,000
Shriram Finance Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Shriram Finance's lowest and highest published rate.
| Tenure | EMI @ 10% | EMI @ 30% |
|---|---|---|
| 12 months | ₹8,792 | ₹9,749 |
| 24 months | ₹4,614 | ₹5,591 |
| 36 months | ₹3,227 | ₹4,245 |
| 48 months | ₹2,536 | ₹3,601 |
| 60 months | ₹2,125 | ₹3,235 |
Before You Apply for a Shriram Finance 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; Shriram Finance'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 Shriram Finance until the loan is closed, after which you get an NOC to remove it from the RC.
Shriram Finance Two Wheeler Loan FAQs
Common questions about Shriram Finance bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Shriram Finance two wheeler loan interest rate in 2026?
Shriram Finance's officially published two wheeler loan interest rate is 10.00% - 30.00% p.a. Shriram Finance publishes this as a regulatory disclosure range (the lowest to highest rates on loans it actually sanctioned / its indicative policy range), not as a fixed rack rate. Your offer depends on your profile and vehicle.
What is the EMI for a ₹1 lakh Shriram Finance bike loan?
At Shriram Finance's lowest published rate of 10% p.a., the EMI on ₹1,00,000 is about ₹3,227 for 36 months or ₹4,614 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Shriram Finance charge on a two wheeler loan?
Shriram Finance's published processing fee is: Up to 5% of the loan amount.
Can I foreclose my Shriram Finance two wheeler loan early?
Shriram Finance's published foreclosure / prepayment terms: Up to 4% of the outstanding principal (no foreclosure within 12 months of the first EMI; additional 2% if the loan is transferred to another lender).
How much of the bike price does Shriram Finance finance, and for how long?
Shriram Finance finances up to 95% of the vehicle price, with a published maximum loan of ₹2,00,000, repayable over up to 60 months.
How is the Shriram Finance 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.