Two Wheeler Loans

The Interest rates for Two Wheeler Loans range between 10.80%-28.30%, depending upon various factors including the applicant’s details and the amount and tenure for which the loan is sought. Please note however that these interest rates are subject to change periodically, at the bank’s discretion. You can check the current interest rates for two wheeler loans.

You can apply for Two Wheeler Loans by:

• Calling the dedicated helpline No. 18004197878
• Applying online on axisbank.com or via the Axis Mobile App. Interested in a two-wheeler loan? Begin your application process now!

The eligibility criteria for two wheeler loans depends upon the applicant’s nature of employment and income:

For Salaried Individuals:

• You must be over 21years but below 58 years
• You must have at least a year’s work experience
• Your minimum annual income must be over Rs. 1.44 Lakh
• You must share bank statements for the past 3 months while applying

For Self Employed Individuals:

• You must be over 21 years but below 65 years
• You must have completed at least a year in the current line of business
• Your minimum annual income must be over Rs. 2.5 Lakh
• You must share bank statements for the past 3 months while applying

The minimum tenure for two wheeler loans is 12 months while the maximum tenure is 48 months.
The minimum tenure for super bike loans is 12 months while the maximum tenure is 60 months.

While helping you with a financial boost to realise you two wheeler dream a two wheeler loan with Axis Bank also provides you with benefits such as:

• Minimal Documentation for processing your loan
• Customised loan amounts: depending upon your need you can opt for a loan from Rs. Rs. 25,001 up to 100% * on-road funding
• Flexibility of tenure: You can set the repayment of your loan over a tenure ranging from 12 to 48 months for two wheeler loans and a tenure ranging from 12 to 60 months for super bike loan.

Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you:

1. Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.
2. Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account.
3. Excess amount less than (<) EMI: Excess amount will be kept unappropriated in the Loan account for 15 days. Post 15 days, the excess funds shall be adjusted towards principal outstanding as a part payment.
4. Excess amount equal to (=) or greater than (>) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and:
1. Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank.
2. Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows:
1. If excess amount is up to INR 20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account.
2. If excess amount is greater than INR 20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account.
5. Excess amount less than (<) the foreclosure amount: In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account, then excess amount will be adjusted against the outstanding principal, leaving an amount equivalent to one EMI for forthcoming EMI presentation. However, in case you would like the entire amount to be adjusted against the outstanding principal, please place a request at Phone Banking / Loan Centre at the earliest.