Indian Bank Two-Wheeler Loan 2026
Indian Bank offers the lowest two-wheeler loan rates among lenders we track, with a repo-linked floating rate and no prepayment charge for individuals. Interest rate 8.90% – 10.40%, loan Up to ₹10 lakh, tenure Up to 4 years (48 months).
Rates as of 10 Sep 2026 · Checked 27 September 2026Indian Bank Two-Wheeler Loan at a glance
- Lowest starting rate (8.90%)
- No prepayment charge
- Narrow, transparent rate band
- High margin — only 70% – 75% funding
- Tenure capped at 4 years
Indian Bank two-wheeler loan interest rate & charges
| Feature | Indian Bank |
|---|---|
| Interest rate | 8.90% – 10.40% |
| Rate details | Floating, linked to the bank’s repo-based lending rate (RBLR); position in the band depends on credit score. |
| Processing fee | About 1% of loan + GST (aggregator) |
| Loan amount | Up to ₹10 lakh |
| Tenure | Up to 4 years (48 months) |
| Prepayment / foreclosure | Nil for individuals |
| Funding | 70% – 75% of price (25% – 30% margin) |
| Minimum income | ₹10,000 a month (salaried); ₹1.5 lakh a year (self-employed) |
Special schemes & features
Covers new two-wheelers including electric models
Source: indianbank.bank.in, 10 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 Indian Bank’s rates
| Loan amount | EMI @ 8.90% | EMI @ 9.65% | EMI @ 10.40% |
|---|---|---|---|
| ₹75,000 | ₹2,381 | ₹2,408 | ₹2,434 |
| ₹1,00,000 | ₹3,175 | ₹3,210 | ₹3,246 |
| ₹2,00,000 | ₹6,351 | ₹6,421 | ₹6,491 |
Tenure 3 years, reducing-balance method. Total interest on ₹1,00,000 at 8.90%: ₹14,312.
Indian Bank two-wheeler loan EMI calculator
Eligibility
- Salaried with at least ₹10,000 a month or self-employed with at least ₹1.5 lakh a year
- Good credit history
- Ready to pay a 25% – 30% margin
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 Indian 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.
Indian 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 Indian Bank Two-Wheeler Loan two-wheeler loan interest rate?
Indian Bank two-wheeler loan rates start at 8.90% and go up to 10.40% p.a. (as of 10 Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹1,00,000 from Indian Bank?
At 8.90% for 3 years the EMI is about ₹3,175, with total interest of ₹14,312.
What is the processing fee?
Indian Bank: About 1% of loan + GST (aggregator). GST at 18% applies on fees.
What is the maximum tenure?
Indian Bank: Up to 4 years (48 months).
Can I prepay or foreclose the loan?
Indian Bank: Nil for individuals.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Indian Bank Two-Wheeler Loan. Terms change — confirm with the lender.