Official Rates • Updated Oct 2026Sundaram Finance Two Wheeler Loan Calculator 2026
Verified Sundaram Finance bike & scooter loan rates of 9.00% - 24.00% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
9.00% - 24.00%
Profile & vehicle linked
Processing Fee
Upto 5% on the amount financed
≈ ₹5,000 for current loan
Max Funding
As sanctioned
Per lender policy
Loan Tenure
As sanctioned
Per lender policy
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
Sundaram Finance official range: 9% - 24%Verified from official website
%
9%24%
years
Monthly EMI
₹3.18 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹14.48 K
Total Amount
₹1.14 L
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Sundaram 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
₹77,463
Foreclosure fee
₹2,742
3% of outstanding + GST
Total to close
₹80,205
Interest saved
₹8,397
Closing now leaves you ₹5,655 better off
₹8,397 interest avoided − ₹2,742 fee = ₹5,655 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,144 | ₹3,014 | ₹7,241 |
| 12 mos | ₹69,607 | ₹2,464 | ₹4,248 |
| 24 mos | ₹36,363 | ₹1,287 | ₹510 |
Official Sundaram Finance Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Sundaram 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
“5% of the part amount paid or principal outstanding as on the due date prior to settlement date, as the case may be”
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 Sundaram Finance will include exact accrued interest up to the settlement date.
Sundaram Finance Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Sundaram Finance
| Particulars | Sundaram Finance Two Wheeler Loan |
|---|---|
| Interest Rate | 9.00% - 24.00% p.a. |
| Processing Fee | Upto 5% on the amount financed |
| Foreclosure / Prepayment | 5% of the part amount paid or principal outstanding as on the due date prior to settlement date, as the case may be |
| Effective Date | Fair Practices Code as amended on 2nd February 2026 |
Important Notes
- Range is from Sundaram Finance's Fair Practices Code annexure ("Product-wise Interest Rate Range": "Two and Three Wheelers 9% to 24%"), which covers two- and three-wheelers together and states "All rate ranges mentioned are only Indicative and are annualized".
- The Hindi version of the same page still shows an older range of 10% to 20%; the English page carries the latest (2 Feb 2026) amendment.
- Processing fee and prepayment charges are from Sundaram's company-wide schedule of charges, not two-wheeler specific. No dedicated two-wheeler product page, tenure or funding limit is published on sundaramfinance.in.
Last verified against the official Sundaram Finance website on Oct 2026.
Sundaram Finance Two Wheeler Loan Scheme-wise Rates
Sundaram Finance publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Two and Three Wheelers (term loans, new / used)Indicative annualised range from the Interest Rate Policy annexure | 9.00% - 24.00% |
Compare Sundaram 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) |
|---|---|---|---|---|
| 9.00% - 24.00% | ₹3,180 | Up to ₹5,000 | ₹1,19,480 | |
| 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 | |
| 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 | |
| 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.
Sundaram Finance Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 9% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,180
Total Interest
₹14,480
Processing Fee
≈ ₹5,000
Sundaram Finance Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Sundaram Finance's lowest and highest published rate.
| Tenure | EMI @ 9% | EMI @ 24% |
|---|---|---|
| 12 months | ₹8,745 | ₹9,456 |
| 24 months | ₹4,568 | ₹5,287 |
| 36 months | ₹3,180 | ₹3,923 |
| 48 months | ₹2,489 | ₹3,260 |
Before You Apply for a Sundaram 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; Sundaram 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 Sundaram Finance until the loan is closed, after which you get an NOC to remove it from the RC.
Sundaram Finance Two Wheeler Loan FAQs
Common questions about Sundaram Finance bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Sundaram Finance two wheeler loan interest rate in 2026?
Sundaram Finance's officially published two wheeler loan interest rate is 9.00% - 24.00% p.a. Sundaram 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 Sundaram Finance bike loan?
At Sundaram Finance's lowest published rate of 9% p.a., the EMI on ₹1,00,000 is about ₹3,180 for 36 months or ₹4,568 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Sundaram Finance charge on a two wheeler loan?
Sundaram Finance's published processing fee is: Upto 5% on the amount financed.
Can I foreclose my Sundaram Finance two wheeler loan early?
Sundaram Finance's published foreclosure / prepayment terms: 5% of the part amount paid or principal outstanding as on the due date prior to settlement date, as the case may be.
How much of the bike price does Sundaram Finance finance, and for how long?
Sundaram Finance does not publish a fixed funding percentage.
How is the Sundaram 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.