Federal Bank Two-Wheeler Loan 2026
Kerala-based Federal Bank offers fixed-rate two-wheeler loans, with funding calculated on the ex-showroom price. Interest rate 12.60% – 16.00%, loan Based on ex-showroom price, tenure Up to 4 years (48 months).
Rates as of 19 Sep 2026 · Checked 27 September 2026Federal Bank Two-Wheeler Loan at a glance
- Fixed EMI for the full tenure
- Reported free accident cover
- Funding on ex-showroom price means a bigger down payment
- Fee and prepayment terms not published
Federal Bank two-wheeler loan interest rate & charges
| Feature | Federal Bank |
|---|---|
| Interest rate | 12.60% – 16.00% |
| Rate details | Fixed rate, as per the bank’s retail loan rate page. |
| Processing fee | Not published — ask for the KFS |
| Loan amount | Based on ex-showroom price |
| Tenure | Up to 4 years (48 months) |
| Prepayment / foreclosure | Fixed-rate loan — charge as per sanction letter/KFS |
| Funding | On ex-showroom price (not on-road) |
| Minimum income | Take-home of ₹20,000 after all EMIs (aggregator) |
| Insurance benefit | Free personal accident cover up to ₹10 lakh (aggregator) |
Special schemes & features
Free personal accident insurance up to ₹10 lakh (as reported by aggregators)
Source: www.federal.bank.in, 19 Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at Federal Bank’s rates
| Loan amount | EMI @ 12.60% | EMI @ 14.30% | EMI @ 16.00% |
|---|---|---|---|
| ₹75,000 | ₹2,513 | ₹2,574 | ₹2,637 |
| ₹1,00,000 | ₹3,350 | ₹3,432 | ₹3,516 |
| ₹2,00,000 | ₹6,700 | ₹6,865 | ₹7,031 |
Tenure 3 years, reducing-balance method. Total interest on ₹1,00,000 at 12.60%: ₹20,606.
Federal Bank two-wheeler loan EMI calculator
Eligibility
- Indian resident aged 18/21 or above; most lenders want the loan to end before 60–65 years of age
- Salaried, pensioner or self-employed with regular income — commonly at least ₹10,000 a month
- Credit score of about 700+ for the best rates; new-to-credit borrowers may need a larger down payment
- Existing EMIs plus the new EMI typically within 50% – 60% of take-home pay
- A valid driving licence is often asked for at the time of disbursal/registration
Documents required
- Photo ID and address proof (Aadhaar, passport, voter ID, driving licence)
- PAN card
- Salaried: last 3 months’ salary slips and Form 16
- Self-employed: last 2 years’ ITR and business proof
- Bank statements for the last 6 months
- Pro-forma invoice / quotation from the dealer
- Passport-size photographs
- Signed NACH/ECS mandate for EMIs
How to apply for Federal Bank Two-Wheeler Loan
- Choose model and get a quotationAsk the dealer for an itemised on-road price — ex-showroom, registration, insurance and any accessories.
- Compare offersGet a quote from your own bank and from the dealer’s financier. Compare APR, not the headline or flat rate.
- ApplyAt the branch, online, in the bank app or through the dealer, with KYC and income documents.
- Read the KFS and signCheck APR, fees, prepayment terms and EMI date; sign the agreement and NACH mandate.
- Disbursal and deliveryMoney is paid to the dealer; the lender’s hypothecation is recorded on the RC and you take delivery.
Federal Bank vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹1,00,000 |
|---|---|---|---|---|
| Indian Bank Two-Wheeler Loan | 8.90% – 10.40% | About 1% of loan + GST (aggregator) | Up to 4 years (48 months) | ₹3,175 |
| Bandhan Bank Two-Wheeler Loan | 9.47% – 22.08% | Up to 5% of loan + GST (aggregator — check with bank) | Up to 4 years (48 months) | ₹3,202 |
| PNB Two-Wheeler Loan (PNB Saarthi) | 10.00% onwards | 0.50% of loan (min ₹500, max ₹1,000) + GST | Up to 5 years (60 EMIs) | ₹3,227 |
| Axis Bank Two-Wheeler Loan | 11.00% – 28.00% | Up to 2.5% of loan + GST | 12 – 48 months; super bikes up to 60 months | ₹3,274 |
| SBI Two-Wheeler Loan | 11.70% – 15.70% | 3% of loan + GST (50% waiver for salary-package customers) | Up to 5 years (60 months) | ₹3,307 |
| Federal Bank Two-Wheeler Loan | 12.60% – 16.00% | Not published — ask for the KFS | Up to 4 years (48 months) | ₹3,350 |
| Bank of Baroda Two-Wheeler Loan | 13.60% – 13.65% | 2% of loan (min ₹250) + GST | Up to 5 years (60 months) | ₹3,398 |
| HDFC Bank Two-Wheeler Loan | 14.50% onwards | Up to 2.5% of loan + GST; documentation charges extra (aggregators cite up to 2.25%) | 12 – 48 months | ₹3,442 |
Frequently asked questions
What is the Federal Bank Two-Wheeler Loan two-wheeler loan interest rate?
Federal Bank two-wheeler loan rates start at 12.60% and go up to 16.00% p.a. (as of 19 Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹1,00,000 from Federal Bank?
At 12.60% for 3 years the EMI is about ₹3,350, with total interest of ₹20,606.
What is the processing fee?
Federal Bank: Not published — ask for the KFS. GST at 18% applies on fees.
What is the maximum tenure?
Federal Bank: Up to 4 years (48 months).
Can I prepay or foreclose the loan?
Federal Bank: Fixed-rate loan — charge as per sanction letter/KFS.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Federal Bank Two-Wheeler Loan. Terms change — confirm with the lender.