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Two-Wheeler Loan
Interest Rates to Help You
Finance Your Bike Smartly

Attractive Interest Rates
Quick Approvals
Digital Process

Apply Now

Two-Wheeler Loan EMI Calculator

Loan amount

₹7K ₹20L

Loan term in months

6 Months 60 Months

Choose the Interest Rate

8% 30%

Your EMI will be

₹5,072/month*

Total Interest Payable

₹43,435

Total Amount Payable

₹2,43,435

Explore Bikes

*Two-Wheeler Loan EMI Calculator is only for illustration purposes. For actual calculations refer to your Repayment Schedule & Loan Agreement.*T&C Apply

Overview
Interest Rate
Fees & Charges
Benefits
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IDFC FIRST Bank makes your dream ride more accessible with competitive two-wheeler loan interest rates. Whether you're opting for a commuter bike, a high-performance motorcycle, or an electric two-wheeler, our bike loan solutions are tailored to suit your vehicle category and repayment capability.

Enjoy a transparent and efficient borrowing experience with customised pricing, minimal paperwork, and flexible repayment tenures. Whether you're a salaried professional or a self-employed individual, our two-wheeler loans come with minimal eligibility criteria and attractive offers.

You can also use our online two-wheeler EMI calculator to plan your finances better. Simply input your desired loan amount, tenure, and applicable interest rate to view your estimated EMI instantly.

Let us help you start your journey. Apply online today or visit a partner dealership near you.

Enjoy Competitive Two-Wheeler Loan Interest Rates

Vehicle Category	Interest Rate (p.a.)
Premium Bikes	Starting from 8.5%*
Mid Premium / Electric Bikes	Starting from 15.99%*
Commuter Bikes	Starting from 18.99%*

*Final interest rate is subject to credit assessment and internal policies.

Factors Affecting Two-Wheeler Loan Interest Rates

Several factors determine the interest rate applicable to your two-wheeler loan:

Credit score

A good credit score may qualify you for lower rates. Lower scores might result in higher rates or even rejection.

Income and employment stability

Salaried individuals with stable income generally receive more favourable rates. Self-employed applicants may face slightly higher rates due to variable income patterns.

Loan Amount & Repayment Tenure:

Higher loan amounts with shorter repayment periods often attract better rates. Longer tenures typically reduce monthly EMIs but may have slightly higher interest rates.

Vehicle Type & Condition:

New and premium two-wheelers come with lower interest rates. Used or entry-level commuter bikes may carry higher rates depending on age and category.

Market Conditions & Offers:

Interest rates are influenced by RBI policy changes and market trends. Festival offers or promotional campaigns may also provide temporary rate reductions.

Two-Wheeler Loan Fees & Charges

IDFC FIRST Bank ensures complete transparency and affordability in all charges associated with your two-wheeler loan. Here's a quick look at the applicable two-wheeler loan fees:

Fee Type	Amount	Remarks
Processing fee	Up to 2% of the loan amount (Min ₹500)	One-time charge at the time of approval
Documentation Charges	₹500 – ₹1,000	Covers loan documentation
Stamp Duty	As per state regulations	Varies by state
Insurance Premium	As per policy value	Comprehensive insurance is mandatory
Prepayment/Foreclosure	5% of the outstanding principal	Applicable for early loan closure
EMI Bounce Charges	₹500 per bounce	Charged for each missed EMI
Duplicate Statement	₹100 per copy	For additional physical copies
NOC Charges	₹500	For issuance of No Objection Certificate

Key Benefits of IDFC FIRST Bank Two-Wheeler Loans

IDFC FIRST Bank offers a host of features that make financing your two-wheeler smooth, affordable, and efficient:

Attractive Interest Rates

Enjoy competitive interest rates on your two-wheeler loan, making your dream bike more affordable with lower EMIs

High Financing Value

Get up to 95% of your bike’s on-road price financed, so you pay minimal upfront and ride away sooner.

Flexible Loan Tenure

Choose a repayment period that suits your budget with flexible tenures ranging from 6 to 60 months.

Quick & Easy Processing

Benefit from fast approvals and minimal documentation, ensuring a hassle-free loan experience.

Convenient Application Options

Apply online anytime or visit partner showrooms for instant loan approvals with on the spot processing.

No Guarantor Needed

Most applicants don’t need a guarantor, making the process simpler and faster.

Frequently Asked Questions

What are the types of interest rates offered for two-wheeler loans?

IDFC FIRST Bank offers flexible interest rates on two-wheeler loans, which are influenced by various factors such as the applicant's credit profile, loan amount, loan tenure, income stability, and the type of two-wheeler being financed. The bank provides competitive rates to eligible customers, ensuring affordability and convenience.

Tips to avail a two-wheeler loan at a low interest rate

To secure a two-wheeler loan at a favourable interest rate with IDFC FIRST Bank, consider the following strategies:

• Maintain a high credit score: A strong credit history increases your chances of obtaining a loan at a lower interest rate.

• Seek stable employment: Being employed for at least six months in your current job can positively impact your loan terms.

• Choose a shorter loan tenure: Opting for a shorter repayment period may result in lower interest rates.

• Select the right two-wheeler: The type of vehicle (e.g., commuter bike, premium bike, electric scooter) can influence the applicable interest rate.

• Provide accurate documentation: Ensuring all required documents are correctly submitted can expedite the loan approval process.

How does your credit score impact your two-wheeler loan interest rate?

Your credit score plays a crucial role in determining the interest rate for your two-wheeler loan. A higher credit score indicates better creditworthiness, which can lead to more favourable loan terms, including lower interest rates. Conversely, a lower credit score may result in higher interest rates or loan rejection.

What are the other things to consider while availing a two-wheeler loan, other than the interest rate?

Beyond the interest rate, consider the following factors when applying for a two-wheeler loan:

• Loan tenure: The duration of the loan affects the EMI amount and total interest paid.

• Processing fees and charges: Be aware of any additional costs associated with the loan.

• Prepayment and foreclosure terms: Understand the conditions and penalties, if any, for early repayment.

• Loan-to-value ratio: This determines the percentage of the vehicle's cost that the bank will finance.

• Insurance requirements: Some lenders may require comprehensive insurance coverage for the financed vehicle.

How are bike loan EMIs calculated based on interest rates?

EMIs (Equated Monthly Instalments) for bike loans are calculated using the following components:

• Principal amount: The total loan amount borrowed.

• Interest rate: The annual rate charged by the bank.

• Loan tenure: The duration over which the loan is to be repaid.

IDFC FIRST Bank provides an online EMI calculator where you can input these variables to estimate your monthly payments.

Do interest rates differ between scooters and motorcycles?

Yes, interest rates for two-wheeler loans vary based on the category of the vehicle. IDFC FIRST Bank offers different starting interest rates for different segments:

• Commuter bikes – Starting from 18.99% p.a.

• Mid premium/electric vehicles – Starting from 15.99% p.a.

• Premium bikes – Starting from 8.5% p.a.

These rates are indicative and may vary depending on factors like your credit score, vehicle model, and income profile.

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Two Wheeler Loan Blogs

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New vs. used bike loan: Which one should you choose?

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Two-Wheeler Loan Interest Rates to Help You Finance Your Bike Smartly

Two-Wheeler Loan EMI Calculator

₹5,072/month*

₹43,435

₹2,43,435

Overview

Interest Rate

Fees & Charges

Benefits

FAQs

Blogs

Enjoy Competitive Two-Wheeler Loan Interest Rates

Factors Affecting Two-Wheeler Loan Interest Rates

Credit score

Income and employment stability

Loan Amount & Repayment Tenure:

Vehicle Type & Condition:

Market Conditions & Offers:

Two-Wheeler Loan Fees & Charges

Key Benefits of IDFC FIRST Bank Two-Wheeler Loans

Attractive Interest Rates

High Financing Value

Flexible Loan Tenure

Quick & Easy Processing

Convenient Application Options

No Guarantor Needed

Frequently Asked Questions

What are the types of interest rates offered for two-wheeler loans?

Tips to avail a two-wheeler loan at a low interest rate

How does your credit score impact your two-wheeler loan interest rate?

What are the other things to consider while availing a two-wheeler loan, other than the interest rate?

How are bike loan EMIs calculated based on interest rates?

Do interest rates differ between scooters and motorcycles?

Our App Ratings

Two Wheeler Loan Blogs

How to apply for a two-wheeler loan: Online and offline

Two-wheeler loan interest rates: How to get the best deal?

New vs. used bike loan: Which one should you choose?

How to plan your two-wheeler loan repayment smartly?

Two-Wheeler Loan
Interest Rates to Help You
Finance Your Bike Smartly