How is bike finance interest rate calculated?

Since the interest rate is expressed as a percentage per annum, the following formula is used to calculate two wheeler loan interest - (Bike Loan Interest Rate/Number of Payments) x Loan Principal = Interest.Let us understand this with the help of an example – For a loan principal of Rs. 2 lakhs taken at a bike loan interest rate of 12% for a period of 12 months or one year, the bike loan interest rate can be calculated as – (0.12/12) x 2,00,000 = Rs. 2,000.

What are the charges for foreclosure of a two wheeler loan?

Besides two wheeler loan interest rate, you also have to pay other charges like foreclosure charges. These are the charges you need to pay if you want to close your loan before the completion of the tenure. You will have to pay the relevant foreclosure charges along with the payment of the outstanding principal. Tata Capital levies foreclosure charges equivalent to 5% of the principal outstanding at the time of foreclosure of two wheeler loan + applicable GST.

Can I claim tax exemption on Two-Wheeler Loan?

Yes, the 2 wheeler loan interest rate is eligible for tax deductions to a maximum of Rs. 1.5 lakhs in a financial year as per Section 80 C of the Income Tax Act. You can only claim the deduction if you purchase the vehicle for business purposes. This is a big relief for self-employed individuals from high two wheeler loan interest rates. You cannot avail tax deductions if you purchase the vehicle for personal use.

Is two wheeler loan processing fees refundable?

No, the processing fees for two wheeler loan is not refundable. This is because we use the money you pay as processing fees towards the legal and technical action involved in the processing of your loan application. Hence, it is non-refundable even if your application is rejected.

Are higher interest rates charged when you have a lower credit score?

A3. Yes, the credit score plays a significant role in determining the interest rate for atwo-wheeler loan. Rates of interest will be low if you improve your credit score.

What is the current interest rate on the two-wheeler loan?

A4. Tata Capital offers competitive interest rates on bike loans. You can learn more about our current interest rates here. For more information about two-wheeler loans, click here.

What are the tips to avail a Bike Loan at a low interest rate?

Before you apply for a loan, make sure you get the best deal on the interest rate. Follow these simple tips to get the lowest bike loan interest rate-Improve your credit score:Your credit score has a major role when it comes to determining your interest rate. So, look at ways to improve it before you apply to get the lowest bike loan interest rate.Improve your Current Debt Status Shop: Check your debt-to-income ratio. To bring down this ratio, repay your existing loan. The lower the ratio, the better your chances are of getting good interest rates.Negotiate with your Lender:Sometimes, negotiating with your lender foe a low interest bike loan can help, especially when you don’t fulfill all the eligibility criteria. For example, if you don’t have sufficient income but are expecting a pay raise in the future, you can offer proof to back this and get affordable interest rates.Turn to your existing lender for the best deal:If you already have a good relationship with a lender, you can get better two wheeler loan interest rates.

Two Wheeler/Bike Loan Interest Rate 2025 @12.5%*

दर और शुल्क

अप्लाई करें अभी

विवरण आवश्यक दस्तावेज़ आवेदन प्रक्रिया दर और शुल्क

कैलकुलेटर

EMI विकल्प

टू व्हीलर लोन ब्याज दरें

टू-व्हीलर वाहन लोन ब्याज दर वह दर है जिस पर आपको एक निश्चित अवधि के लिए अपने टू-व्हीलर लोन मूलधन पर ब्याज का भुगतान करना होगा। यह लोन कंपनी के हिसाब से अलग-अलग है।

शुल्क का प्रकार	लागू किए जाने वाले शुल्क
प्रक्रिया शुल्क	Up to 5% on loan amount
Documentation Charge	जहाँ लागू है वहाँ ₹ 3500 तक
पीडीडी - संवितरण के बाद दस्तावेज़ शुल्क	500 रुपए + जीएसटी

Tata Capital offers the lowest two wheeler loan interest rate in the industry, starting at just 8.99% flat rate (may vary as per the product and profile)

टाटा कैपिटल लोन व्हाट्सएप से सीधे प्राप्त करें

व्हाट्सएप के ज़रिए आवेदन करें

टू व्हीलर लोन अन्य शुल्क

PDC Charges-Post Dated Cheques

₹ 850

रद्द करने के खर्चे

लोन राशि का 2% या ₹ 5,750 जो भी अधिक हो

Payment Instruments swapping

Rs.550/- each time

पूर्वभुगतान / फोरक्लोजर शुल्क

5% of the principal outstanding at the time of Prepayment / Foreclosure charges + GST

ब्रोकन अवधि ब्याज

वास्तव में

रीपज़ेशन शुल्क

₹ 8000 + जीएसटी जैसा कि लागू हो

खातों की स्टेटमैंट्स

₹ 300

फोरक्लोज़र रिपोर्ट

₹ 550

डुप्लीकेट NOC

₹ 300

स्टाम्प ड्यूटी

For loan amounts ₹ 85,000 and below– ₹ 0
For loan amounts above ₹ 85,000– As Per State

ध्यान दें: जीएसटी, लागू होने वाले अन्य सरकारी कर और लेवी, सभी फ़ीस और शुल्कों पर भुगतान योग्य होंगे।

डिस्क्लेमल:

ऊपर बताए गए दरें/प्रभार समय -समय पर टाटा कैपिटल के विवेक पर संशोधन के अधीन हैं।
उपर दी गई सारणी में दस्तावेजों की सॉफ्ट कॉपी मुफ्त प्रदान की जाएंगी। हार्ड कॉपी के, उचित फीस और शुल्क के लिए कृप्या उपरोक्त दी गई सारणी देखें।

टू व्हीलर लोन पैनल शुल्क

सुविधा के दस्तावेज़ों के अनुसार बकाया राशि के भुगतान में चूक

बकाया राशि पर 3% प्रति माह

किसी चेक/
भुगतान साधन का योग्य रूप से भुगतान न होने पर

ये वे शुल्क होते हैं, जो हर बार ईएमआई बाउंस होने की स्थिति में लगाए जाते हैं। दूसरे शब्दों में कहें, तो ये शुल्क तब लगाए जाते हैं जब आप अपने बैंक खाते में पर्याप्त धनराशि न रखने के कारण पर्सनल लोन ईएमआई भुगतान करने से चूक जाते हैं। टाटा कैपिटल में आपको रु. 600 हरेक चेक/पेमेंट इंस्ट्रुमेंट डिसऑनर के लिए चुकाना होगा।

मैंडेट रिजेक्शन सेवा शुल्क

अगर नया मैंडेट फॉर्म, ऋणी के बैंक द्वारा किसी भी कारण से पिछले मैंडेट फॉर्म को अस्वीकार करने की तारीख से लेकर 30 दिनों में रजिस्टर नहीं करवाया जाता है, तो शुल्क लगाए जाएंगे। टाटा कैपिटल द्वारा 450 + जीएसटी का न्यूनतम शुल्क लिया जाता है।

Types of Bike Loan ब्याज दरें

For Two-wheeler loans, there is only one type of interest rate that is applied which is fixed interest rates. Let's look at it in-depth now.

Fixed interest rates

Fixed interest rates, as the name suggests, do not change over the tenure of the loan. This means that you pay only a fixed interest rate throughout the entire duration. For example, let's say you take a bike loan for Rs. 2 lakhs for five years at 7%. This means you'll only pay interest at a rate of 7% till the end of the loan tenure.

Pros of fixed interest rates

These interest rates never change, so you can always expect to pay the same rates until the end of the tenure and plan your finances better.
This can be advantageous in an unstable market condition, especially when money is important to save

Cons of fixed interest rates

Although they are stable, they can be higher than floating interest rates
You can lose money indirectly as interest rates would come down for floating interest rates in good market conditions

टू व्हीलर लोन EMI कैलकुलेटर

ऋण राशि

₹

25,000%500,000%00100,000%

₹25,000₹5,00,000

लोन अवधि

0.5%5%000.5%

0.5 Year5 Years

ब्याज दर

12.5%26%0012.5%

12.5% p.a26% p.a

मासिक ईएमआई

₹17,280*

कुल देय राशि

₹1,03,677*
कुल ब्याज भुगतान

₹3,677*

कुल देय राशि

₹1,03,677*

कुल ब्याज भुगतान

₹3,677*

अप्लाई करें

Key Factors That Affect Bike Loan Interest Rate

Before you take on a two-wheeler loan, it can help to know what factors influence it so you can make a more informed decision. We dive into each of these factors so you can get a good overview of the loan's working.

Credit scores – Your credit score is a critical factor in determining your loan interest rate. It reflects your financial health and repayment history. A score of 750 or above shows good creditworthiness, reassuring lenders of your ability to repay the loan. This often results in lower interest rates, while a lower score may lead to higher rates or even loan rejection.
Loan Amount - The loan amount you apply for can influence the interest rate. Larger amounts pose a higher risk to lenders, which might result in slightly elevated rates. Conversely, smaller loans may attract lower rates, though this depends on the lender's policies.
Loan Tenure - The tenure of your loan also affects interest rates. Loans with shorter tenures often have lower rates since the repayment period is less risky for lenders. However, shorter tenures also mean higher EMIs, which will lead to higher interest payout. So you’ll need to balance affordability with savings on interest to choose the best tenure.
Income Level - Your monthly income demonstrates your ability to repay the loan. Borrowers with higher and steady incomes are seen as low-risk, leading to more favourable rates. On the other hand, an inconsistent or low income may increase the perceived risk and the interest rate.
Employment Status - Your profession and job stability significantly impact your interest rate. Salaried individuals with stable jobs, especially in reputed organisations, are considered more reliable borrowers.
Relationship with the Lender : Existing customers with a positive relationship with their lender can often benefit from preferential rates. Timely repayments on previous loans can build trust and lower the interest rate.
आयु : Your age can influence the interest rate as lenders assess financial stability based on your life stage. For instance, if you are close to the retirement age, the loan interest rate can be higher due to limited earning years.

Bike Loan Interest Rate FAQs

लोन के लिए आवेदन करने से पहले, सुनिश्चित करें कि आपको ब्याज दर पर सबसे अच्छा सौदा मिलता है। सबसे कम बाइक लोन ब्याज दर प्राप्त करने के लिए इन सरल युक्तियों का पालन करें-

Improve your credit score: जब आपकी ब्याज दर पता करने की बात आती है तो आपके क्रेडिट स्कोर की एक प्रमुख भूमिका होती है। इसलिए, सबसे कम बाइक लोन ब्याज दर प्राप्त करने के लिए आवेदन करने से पहले इसे सुधारने के तरीकों को देखें।
Improve your Current Debt Status Shop: अपने लोन-से-आय अनुपात की जाँच करें। इस अनुपात को नीचे लाने के लिए, अपने मौजूदा लोन को चुकाएं। अनुपात जितना कम होगा, आपको अच्छी ब्याज दरें मिलने के मौके उतने ही ज्यादा होंगे।
Negotiate with your Lender: कभी-कभी, कम ब्याज वाले बाइक लोन के लिए अपने लोनदाता के साथ बातचीत करने से मदद मिल सकती है, खासकर तब जब आप एलिजिबिलिटी के सभी मानदंडों को पूरा नहीं करते हैं। उदाहरण के लिए, यदि आपके पास पर्याप्त आय नहीं है, लेकिन भविष्य में एक वेतन वृद्धि की उम्मीद है, तो आप इसे साबित करने के लिए सबूत की पेशकश कर सकते हैं और सस्ती ब्याज दरें प्राप्त कर सकते हैं।
Turn to your existing lender for the best deal: यदि आपका संबंध लोन दाता के साथ पहले से ही अच्छा है, तो आप बेहतर बाइक लोन ब्याज दरें प्राप्त कर सकते हैं।