Two-Wheeler Loan Interest Rates, Fees and Maximum Loan Amounts

Two-wheeler loan interest rates at major banks range from 10.75% to 15.70% a year on 17 September 2026. The spread runs from Bank of Baroda’s digital two-wheeler loan at the low end to the top of SBI’s 11.70%–15.70% band. Your credit score, the loan amount and the bike decide where you land, and processing fees vary from 0.50% to 3% of the loan.

The biggest bike loans go up to ₹25 lakh for super bikes at SBI and Bank of Maharashtra. Standard scooters and motorcycles are usually financed up to ₹3 lakh–₹10 lakh.

Two-wheeler loan interest rates: key facts

Bank of Baroda adds 0.05% if you skip its group credit life insurance. For the full category, see our two-wheeler loans hub.

How the rate is set: score and benchmark

Public sector banks price two-wheeler loans off an external benchmark linked to the RBI repo rate, plus a spread that depends on your credit score. Bank of Maharashtra publishes the clearest example:

On a floating-rate loan, your rate moves when the bank’s benchmark moves after an RBI repo change. A fixed rate stays the same for the whole term. HDFC Bank’s rack rate depends on the vehicle segment and your creditworthiness.

What is the maximum bike loan available?

Income caps the amount as well. SBI asks for a net monthly income of ₹10,000 for salaried borrowers and a net annual income of ₹3 lakh for its super bike loan. Bank of Baroda’s digital loan needs an average net salary of ₹20,000 over three months.

Two-wheeler loan fees and charges

Fees differ more than rates do. Published charges, before GST:

HDFC Bank also lists an RC collection fee of up to ₹850, ₹450 for a returned EMI payment, ₹500 to change repayment mode and a nil NOC charge. Stamp duty and RTO charges are extra at every bank.

Under RBI’s Pre-payment Charges on Loans Directions, banks cannot charge for prepaying a floating-rate loan taken by an individual for non-business use, for loans sanctioned or renewed from 1 January 2026. Fixed-rate loans can still carry a charge. Our page on foreclosure and prepayment charges explains the rule.

What the rate means for your EMI

On a ₹1 lakh loan over 3 years:

The gap between 10.75% and 15.70% is ₹239 a month and ₹8,599 over the term, more than any single processing fee here. At the top of the range, a ₹25 lakh super bike loan at 12.55% over 5 years costs ₹56,308 a month. For more amounts and the down payment effect, use our bike loan EMI calculator guide.

How to get a lower two-wheeler loan rate

1. Check your credit report and fix errors before applying; a score of 750 or more gets the lowest slab at Bank of Maharashtra.
2. Ask your salary bank first, since SBI halves its fee for salary package customers.
3. Compare the bank’s digital scheme with its branch scheme; Bank of Baroda’s digital rate starts lower.
4. Ask for the Key Fact Statement and compare the Annual Percentage Rate, which includes fees.
5. Choose floating or fixed knowingly, since prepayment rules differ.
6. Pay a larger down payment to cut both the loan and the interest.

Lenders report to credit bureaus as on the 9th, 16th, 23rd and last day of each month from 1 July 2026, so a missed EMI shows up quickly and can raise your next loan’s rate.

Frequently asked questions

What is the two-wheeler loan interest rate today?

Between 10.75% and 15.70% at the banks above on 17 September 2026. HDFC Bank’s rack rate starts at 14.50%.

What is the maximum bike loan available?

₹25 lakh for super bikes at SBI and Bank of Maharashtra. For regular two-wheelers, Bank of Baroda lends up to ₹10 lakh and SBI up to ₹3 lakh.

What are the fees and charges on a two-wheeler loan?

Processing fees run from 0.50% (Bank of Maharashtra) to 3% (SBI), plus GST, stamp duty and RTO charges. HDFC Bank adds documentation charges of up to 2.25%.

Which two-wheeler loan has low fees?

Among the banks checked, Bank of Maharashtra’s 0.50% fee, capped at ₹5,000, is the lowest published. Compare the APR, since a low fee can sit beside a higher rate.

Is the interest rate lower for an electric scooter?

Usually. SBI cuts 0.50% for electric two-wheelers, and Union Bank’s green vehicle loan charges 10.90% against 11.10% for a regular bike.

Can I close a bike loan early without charges?

Yes on a floating-rate loan taken from 1 January 2026, under RBI rules. Bank of Baroda levies no pre-closure charge; HDFC Bank’s published foreclosure charge is 3% to 5% of the principal outstanding.

Sources

• Auto loan interest rates — State Bank of India (checked 17 Sep 2026)
• Processing fees — State Bank of India (checked 17 Sep 2026)
• SBI Two-Wheeler Loan — State Bank of India (checked 17 Sep 2026)
• Super Bike Loan Scheme — State Bank of India (checked 17 Sep 2026)
• Retail loan interest rates — Bank of Baroda (checked 17 Sep 2026)
• Baroda Two Wheeler Loan — Bank of Baroda (checked 17 Sep 2026)
• Digital Two-Wheeler Loan — Bank of Baroda (checked 17 Sep 2026)
• Retail loan rates of interest — Union Bank of India (checked 17 Sep 2026)
• Retail interest rates — Bank of Maharashtra (checked 17 Sep 2026)
• Mahabank Vehicle Loan Scheme for two-wheelers — Bank of Maharashtra (checked 17 Sep 2026)
• Two-wheeler loan interest rates and charges — HDFC Bank (checked 17 Sep 2026)
• Pre-payment Charges on Loans Directions, 2025 — RBI (checked 17 Sep 2026)
• Credit Information Reporting Directions, 2025 — RBI (checked 17 Sep 2026)