Top Two-Wheeler Loan Lenders in India 2026
8 banks compared on starting rate, fees, funding, tenure and prepayment terms.
Updated 29 September 2026 · 8 lenders trackedWhat you need to know
Public-sector banks such as Indian Bank, PNB and SBI lead on price; private banks such as HDFC Bank and Axis Bank lead on speed, dealer tie-ups and higher funding. Rates below are official where the bank publishes them and aggregator figures where it does not — each lender page shows the source and date.
- Lowest starting rate: Indian Bank 8.90% (floating, repo-linked).
- Lowest fee: PNB — 0.50% capped at ₹1,000.
- Highest funding: HDFC Bank up to 100%, Bandhan Bank up to 95% (aggregator).
- Longest tenure: 5 years at SBI, PNB and Bank of Baroda.
All lenders compared
| Lender | Interest rate (p.a.) | Processing fee | Tenure | EMI per ₹1 lakh* | Rates as of |
|---|---|---|---|---|---|
| Indian Bank Two-Wheeler LoanPublic sector bank | 8.90% – 10.40% | About 1% of loan + GST (aggregator) | Up to 4 years (48 months) | ₹3,175 | 10 Sep 2026 |
| Bandhan Bank Two-Wheeler LoanPrivate sector bank | 9.47% – 22.08% | Up to 5% of loan + GST (aggregator — check with bank) | Up to 4 years (48 months) | ₹3,202 | Sep 2026 (aggregator) |
| PNB Two-Wheeler Loan (PNB Saarthi)Public sector bank | 10.00% onwards | 0.50% of loan (min ₹500, max ₹1,000) + GST | Up to 5 years (60 EMIs) | ₹3,227 | Sep 2026 |
| Axis Bank Two-Wheeler LoanPrivate sector bank | 11.00% – 28.00% | Up to 2.5% of loan + GST | 12 – 48 months; super bikes up to 60 months | ₹3,274 | Sep 2026 (bank + aggregator) |
| SBI Two-Wheeler LoanPublic sector bank | 11.70% – 15.70% | 3% of loan + GST (50% waiver for salary-package customers) | Up to 5 years (60 months) | ₹3,307 | 16 Sep 2026 |
| Federal Bank Two-Wheeler LoanPrivate sector bank | 12.60% – 16.00% | Not published — ask for the KFS | Up to 4 years (48 months) | ₹3,350 | 19 Sep 2026 |
| Bank of Baroda Two-Wheeler LoanPublic sector bank | 13.60% – 13.65% | 2% of loan (min ₹250) + GST | Up to 5 years (60 months) | ₹3,398 | Sep 2026 |
| HDFC Bank Two-Wheeler LoanPrivate sector bank | 14.50% onwards | Up to 2.5% of loan + GST; documentation charges extra (aggregators cite up to 2.25%) | 12 – 48 months | ₹3,442 | Sep 2026 (aggregator) |
* At the lowest rate for 3 years. Starting rates go to borrowers with strong credit scores and income; your rate depends on your profile. Sources and dates on each lender page — confirm with the lender before applying.
Funding, loan size and tenure
| Lender | Funding (share of price) | Loan amount | Tenure |
|---|---|---|---|
| Indian Bank Two-Wheeler Loan | 70% – 75% of price (25% – 30% margin) | Up to ₹10 lakh | Up to 4 years (48 months) |
| Bandhan Bank Two-Wheeler Loan | Up to 95% of on-road price (typically 90%) | Up to ₹5 lakh | Up to 4 years (48 months) |
| PNB Two-Wheeler Loan (PNB Saarthi) | 90% of on-road price for salaried with salary via PNB/check-off; 75% for business concerns | Up to ₹10 lakh | Up to 5 years (60 EMIs) |
| Axis Bank Two-Wheeler Loan | — | As per model and profile | 12 – 48 months; super bikes up to 60 months |
| SBI Two-Wheeler Loan | Up to 85% of on-road price | ₹50,000 – ₹3 lakh (regular two-wheeler) | Up to 5 years (60 months) |
| Federal Bank Two-Wheeler Loan | On ex-showroom price (not on-road) | Based on ex-showroom price | Up to 4 years (48 months) |
| Bank of Baroda Two-Wheeler Loan | 90% of price for loans up to ₹3 lakh; 85% above ₹3 lakh | Up to ₹10 lakh | Up to 5 years (60 months) |
| HDFC Bank Two-Wheeler Loan | Up to 100% of vehicle price (select customers/models) | Up to 100% of vehicle price for eligible customers and models | 12 – 48 months |
Special schemes
| Lender | Scheme / feature | Details |
|---|---|---|
| Indian Bank Two-Wheeler Loan | IB Vehicle Loan | Covers new two-wheelers including electric models |
| Bandhan Bank Two-Wheeler Loan | High funding | Up to 95% of on-road price for eligible borrowers |
| PNB Two-Wheeler Loan (PNB Saarthi) | PNB Saarthi | Loan for new two-wheelers including scooters, motorcycles and EVs |
| PNB Two-Wheeler Loan (PNB Saarthi) | PNB Power Ride | Two-wheeler loan scheme for women |
| Axis Bank Two-Wheeler Loan | Super bike loan | For premium motorcycles; tenure up to 5 years |
| SBI Two-Wheeler Loan | EV rate concession | 0.50% off the applicable rate for electric scooters and bikes |
| SBI Two-Wheeler Loan | SBI Super Bike Loan | For high-end motorcycles: 12.55% – 14.55% p.a. |
| SBI Two-Wheeler Loan | Salary-package benefit | 50% waiver on processing fee for SBI salary-package customers |
| Federal Bank Two-Wheeler Loan | Personal accident cover | Free personal accident insurance up to ₹10 lakh (as reported by aggregators) |
| Bank of Baroda Two-Wheeler Loan | bob Green Wheel | Dedicated loan for electric two-wheelers |
| Bank of Baroda Two-Wheeler Loan | Digital Two-Wheeler Loan | Apply and get sanction online |
| HDFC Bank Two-Wheeler Loan | Up to 100% funding | Near-zero down payment for eligible customers on select models |
Lender types
| Lender type | Lenders tracked | Range of starting rates |
|---|---|---|
| Public sector bank | 4 | 8.90% – 13.60% |
| Private sector bank | 4 | 9.47% – 14.50% |
Frequently asked questions
Is a public-sector bank better for a bike loan?
Usually cheaper — Indian Bank, PNB and SBI start between 8.90% and 11.70% and charge no prepayment penalty on floating-rate loans. Private banks are faster at the dealership and may fund more of the price.
Why do some lenders show only a starting rate?
Banks such as HDFC Bank and PNB publish an “onwards” rate; the actual rate is set after checking your credit score, income and the model.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.