Apply for Two Wheeler Loan Lite Online in India | SBI - Personal Banking
SBI Two Wheeler Loan Scheme
Features
- Scheme : SBI TWO-WHEELER LOAN SCHEME
- Purpose : Purchase of new two-wheelers viz. Scooter, Motorcycle, Moped, Battery operated two-wheelers of reputed make
- Margin required : 25% of “On Road Price” of the vehicle
- Age Criteria : Age of the applicant should be between 21-65 years.
- Minimum Income Criteria : Min. NMI Rs. 12,500/- and Min. NAI Rs. 1,50,000/-
- Maximum loan amount :
- Min Rs.30,000/-, Max : < Rs.2.50 lacs (For Loan Amount > 2.50 lacs Super Bike Scheme)
- For salaried: The maximum loan amount that can be granted would be restricted to 6 times the net monthly income of salaried persons (i.e., net of all deductions including actual monthly tax deductions at source).
- For others: The maximum loan amount that can be granted would be restricted to 50% of the net annual income as per ITR after netting off depreciation and repayment of all existing loans
- Repayment period : Maximum up to 3 years
- Interest Rate : Click here to view the interest rates
- Processing fee : Click here to view the Processing Fee
Eligibility
Existing SBI customers under the following categories :
- Permanent employees of State/ Central Govt, PSUs, Corporations, and Listed Pvt Sector companies maintaining salary accounts.
- Professionals/ self-employed & other IT assesses maintaining SB/CA/Time Deposit with satisfactory conduct for minimum 1 year.
- Persons engaged in Agriculture with SB/CA/Time Deposit maintaining satisfactory conduct for minimum 1 year.
- Existing borrower customers with satisfactory repayment history may be considered selectively.
- Loans will be sanctioned at home branches only.
Documents required
The following papers are to be submitted along with loan application :
- Statement of Bank account of the borrower for last 6 months.
- 2 Passport size photographs of borrower/guarantor (s).
- Signature verification from Bank’s record.
- A copy of passport /voters ID card/PAN card.
- Proof of residence by way of tax receipts, telephone bill, electricity bill or any other document that comply with the regulatory and/or KYC requirements.
- Latest salary-slip showing all deductions and TDS certificate-Form 16 in case of salaried persons.
- Copy of Income Tax Return for last two financial years, duly acknowledged by ITO for professionals, self-employed and others.IT Return is not mandatory in case of agriculturists.
- Proof of official address for non-salaried individuals.

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years
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For Professional & Self Employed/Businessmen having No Income Proof ( Maximum Loan Rs. 4.00 Lacs)

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years