Two Wheeler Loan Eligibility - Check EMI, Interest for Bike Loan

The eligibility for a Two-Wheeler Loan is determined by several factors. To find out whether you can repay the Loan, lenders usually look at your age, credit score, and consistency of income.

To enhance your chances of getting the Loan, determine your Two-Wheeler Loan eligibility and Loan affordability before applying for the Loan. You must manage your money carefully and understand the terms of the Loan. You may also conduct a bike finance check using the Two-Wheeler Loan EMI Calculator, to finance your bike wisely.

This proactive strategy raises the chances of securing approval while also streamlining the Loan application process.

Criteria	Salaried Individuals	Self-Employed Individuals
Indian Citizenship & Age	Must be an Indian citizen above 21 years of age	Must be an Indian citizen above 21 years of age
Source of Income	Stable employment with Salary Slips/Form 16	Stable income through business with Income Tax Return documents
Credit Score	Good Credit Score	Good Credit Score
Required Documents	Proof of identity, address, income (Salary Slips/Form 16)	Proof of identity, address, income (Income Tax Return documents)
Additional Requirements	Bank Statements, valid signatures, photographs	Proof of ownership of business, business stability
Specific Requirements	Proof of employment stability or experience	Proof of business stability or proof of ownership

Eligibility Criteria for ICICI Bank Two-Wheeler Loans

ICICI Bank Two-Wheeler Loan Interest Rates

ICICI Bank offers affordable Two-Wheeler Loan Interest Rates for your new bike. We offer competitive interest rates ranging from 10.25%* to 26.00%* per annum. These rates are flexible and affordable for consumers who want to finance their new motorcycles, scooters or any Two-Wheeler vehicles, and consider a range of financial profiles. These nominal rates can be availed of, depending on your creditworthiness and financial circumstances. You can find an appropriate option whether you are self-employed or salaried.

Applying for an ICICI Bank Two-Wheeler Loan

There are two ways to do this! You can visit any ICICI Bank Branch and meet our Representative
You can conveniently apply on our website, go straight to the dealership, select a vehicle, and contact us over a phone call.

The application process is simple and hassle-free. Provide all the basic documents mentioned above. This can be skipped if you are an existing customer. Eligible pre-approved customers can even get an Instant Two-Wheeler Loan in a matter of minutes. Once your application is approved, the Loan amount will be disbursed in your Bank Account or paid directly to the dealer.

Two-wheeler Loan Features

Our Two-Wheeler Loans come with a host of benefits that include rates as low as Rs 29 per Rs 1,000 of the Loan amount and a 100% Loan approval for the on-road price of the Two-Wheeler. Here are some more features:

Digital Convenience

Applicants can conveniently apply from wherever they are, to start their ICICI Bank Two-Wheeler Loan journey. Loan calculations and verification of documents can be done online.

Minimal Documentation

Borrowers need to submit a handful of basic documents to apply. Pre-approved customers need not worry about documentation and can avail paperless disbursement through online application.

Processing Fees

There is a modest processing fee ranging from 2.5 - 4.75% of the Loan amount, depending on the segment of the vehicle.

Low Interest Rates

ICICI Bank provides pre-approved customers with exceptional Interest Rates on Two-Wheeler Loans, with EMIs as low as Rs 29 per Rs 1,000.

Full Funding

If you match certain eligibility criteria, we could completely finance your Two-Wheeler with 100% funding of the on-road price.

Conclusion:

Always remember to use the Two-Wheeler Loan Calculator to budget for a repayment tenure that best suits your needs and plan your finances accordingly with ICICI Bank's Two-Wheeler Loans.

Apply Now