Official Rates • Updated Oct 2026Suryoday Small Finance Bank Two Wheeler Loan Calculator 2026
Verified Suryoday SFB bike & scooter loan rates of 16.00% - 24.00% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
16.00% - 24.00%
Fixed rate
Processing Fee
Up to 5% plus GST
≈ ₹5,900 for current loan
Max Funding
Up to 90%
Of vehicle price
Loan Tenure
Up to 48 months
4 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
Suryoday SFB official range: 16% - 24%Verified from official website
%
16%24%
years
Monthly EMI
₹3.52 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹26.57 K
Total Amount
₹1.27 L
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Suryoday SFB 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
₹79,278
Foreclosure fee
₹2,806
3% of outstanding + GST
Total to close
₹82,084
Interest saved
₹15,646
Closing now leaves you ₹12,840 better off
₹15,646 interest avoided − ₹2,806 fee = ₹12,840 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹86,461 | ₹3,061 | ₹15,949 |
| 12 mos | ₹71,803 | ₹2,542 | ₹10,032 |
| 24 mos | ₹38,749 | ₹1,372 | ₹2,068 |
Official Suryoday SFB Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Suryoday SFB publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“4% of the outstanding principal amount on the date of closure + GST”
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 Suryoday SFB will include exact accrued interest up to the settlement date.
Suryoday SFB Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Suryoday SFB
| Particulars | Suryoday SFB Two Wheeler Loan |
|---|---|
| Interest Rate | 16.00% - 24.00% p.a. |
| Rate Benchmark | Fixed rate |
| Processing Fee | Up to 5% plus GST |
| Foreclosure / Prepayment | 4% of the outstanding principal amount on the date of closure + GST |
| Maximum Funding (LTV) | Up to 90% of the vehicle price |
| Maximum Loan Amount | ₹1,50,000 |
| Maximum Tenure | 48 months (4 years) |
| Effective Date | Disclosure: quarter ended June 30, 2026 |
Important Notes
- Suryoday advertises "16% p.a. onwards" with no ceiling; the 24% upper end is from its disclosure of rates on two-wheeler loans disbursed in the quarter ended 30 June 2026 (17.00%-24.00%).
- Loan amount: Rs.15,000 to Rs.1,50,000 on the product page, but Rs.15,000 to Rs.2,00,000 in the two-wheeler schedule of charges. Up to 90% of on-road price, up to 48 months.
- Disclosure: https://suryoday.bank.in/assets/pdf/policies/interest-rate-range-and-average-interest-rate-loans-for-individual-borrowers-30jun2026.pdf
Last verified against the official Suryoday SFB website on Oct 2026.
Suryoday SFB Two Wheeler Loan Scheme-wise Rates
Suryoday SFB publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Two-Wheeler Loan (product page / schedule of charges)"16% p.a. onwards"; fixed rate | from 16.00% |
| Rates on loans disbursed, quarter ended 30 June 2026 | 17.00% - 24.00% |
Compare Suryoday SFB 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.
Suryoday SFB Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 16% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,516
Total Interest
₹26,576
Processing Fee
≈ ₹5,900
Suryoday SFB Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Suryoday SFB's lowest and highest published rate.
| Tenure | EMI @ 16% | EMI @ 24% |
|---|---|---|
| 12 months | ₹9,073 | ₹9,456 |
| 24 months | ₹4,896 | ₹5,287 |
| 36 months | ₹3,516 | ₹3,923 |
| 48 months | ₹2,834 | ₹3,260 |
Before You Apply for a Suryoday SFB 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; Suryoday SFB'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 Suryoday SFB until the loan is closed, after which you get an NOC to remove it from the RC.
Suryoday Small Finance Bank Two Wheeler Loan FAQs
Common questions about Suryoday SFB bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Suryoday SFB two wheeler loan interest rate in 2026?
Suryoday SFB's officially published two wheeler loan interest rate is 16.00% - 24.00% p.a. Suryoday SFB publishes only a starting rate; the final rate depends on your profile and vehicle.
What is the EMI for a ₹1 lakh Suryoday SFB bike loan?
At Suryoday SFB's lowest published rate of 16% p.a., the EMI on ₹1,00,000 is about ₹3,516 for 36 months or ₹4,896 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Suryoday SFB charge on a two wheeler loan?
Suryoday SFB's published processing fee is: Up to 5% plus GST.
Can I foreclose my Suryoday SFB two wheeler loan early?
Suryoday SFB's published foreclosure / prepayment terms: 4% of the outstanding principal amount on the date of closure + GST.
How much of the bike price does Suryoday SFB finance, and for how long?
Suryoday SFB finances up to 90% of the vehicle price, with a published maximum loan of ₹1,50,000, repayable over up to 48 months.
How is the Suryoday SFB 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.