Axis Bank Bike Loan Interest Rate | Axis Bank Two Wheeler Loan | Axis Bank Super Bike Loan | Super Bike Loan Interest Rate
Axis Bank is the third largest private sector bank in India. It was established in 1994 with the approval of the Indian government. It has more than 11,000 ATMs in India and 4000 branches all over the country. It provides various products to its customers, such as credit cards, various types of loan, insurance, etc. The Axis Bank offers two types of loan for two wheelers and superbikes.
Axis Bank Bike Loan Interest Rate : One of its most popular offerings is the Axis Bank 2 wheeler loan. This loan allows you to buy your desired two wheeler without any hassle. The introductory price of the 2 wheeler loan is Rs.25,001 and it can be extended up to Rs.48,000 with a flexible tenor. The amount can be repaid in manageable installments.
Highlight of Axis Bank Bike Loan Interest Rate
| Bank Name | Axis Bank |
| Article Name | Axis Bank Bike Loan Interest Rate |
| Article Subject | Axis Bank Bike Loan Interest Rate |
| Interest Rate | 10.80% to 28.30% per annum |
| Loan Amount | 90% loan |
| Official Website | More Details… |
Axis Bank Bike Loan Interest Rate
You can get an Axis Bank Two Wheeler Loan with cheap interest rates. The Axis Bank Two Wheeler Loan interest rate ranges from 10.80% to 28.30% per annum.
Axis Bank Two Wheeler Loan Interest Rate & Fees
| Particulars | Details |
| Axis Bank Two-Wheeler Loan Interest Rates | (1) For two-wheeler loan – 16.50%* p.a to 24% p.a. (2) For Super Bike loan – 11% p.a. onwards |
| Maximum Loan Amount | (1) For two-wheeler loan – Up to 100% of the vehicle’s on-road price (2) For Super Bike loan – Up to 85% of the vehicle’s on-road price |
| Minimum Loan Amount | (1) For two-wheeler loan – ₹25,000 (2) For Super Bike loan – ₹1 Lakh |
| Minimum Income Requirement | (1) For Salaried Persons: ₹1.44 Lakhs p.a. (two-wheeler loan) ₹4.8 Lakhs p.a. (Super Bike loan) (2) For Self-Employed Persons: ₹2.5 Lakhs (two-wheeler loan) ₹4 Lakhs p.a. (Super Bike loan) |
| Repayment Tenor | (1) For two-wheeler loan – 12-48 months (2) For Super Bike loan – 12-60 months |
| Processing Fee | Up to 2.5% of the loan amount |
Axis Bank Two Wheeler Loan EMI Calculator
Axis Bank Bike Loan Interest Rate: You can quickly calculate your EMI using the Axis Bank Two Wheeler Loan EMI Calculator. It is a terrific online tool that may provide you with an answer in a fraction of a second and help you understand the appropriate amount of your EMI.
Here’s the formula for calculating your EMI.
- P = R x (1+R)^N / [(1+R)^N-1].
- P represents the loan’s principal amount.
- R represents the interest rate.
- N represents the number of monthly payments.
- Link – More Details…
Axis Bank Bike Loan Features & Benefits
Axis Bank Bike Loan offers two options: a two-wheeler loan and a superbike loan. The following are the advantages and benefits of these loans:
1. Axis Bank Two-wheeler Loan
- You can take out a loan for a minimum of Rs.25,001.
- You will have a 48-month flexible payback time to repay the loan amount.
- You can choose to repay the money in EMIs at your convenience.
- There is relatively minimal documentation required to obtain the loan.
- The loan approval process is quick and clear.
- You will receive a loan-to-value of up to 100% for on-road expenses.
- Electric vehicles may qualify for a 50 basis point loan rate decrease.
2. Axis Bank Super Bike Loan
- The loan starts at Rs. 1 lakh.
- The loan is disbursed quickly and easily.
- You will benefit from a repayment period of up to 60 months.
- You can repay the loan in EMIs.
- The loan follows a minimum documentation procedure.
- You can acquire a loan-to-value of up to 85% for on-road expenses.
১ লাখ টকা পৰ্যন্ত ঋণ – Online Apply
Axis Two Wheeler Loan – Eligibility Criteria
The tables with comprehensive details regarding the requirements for an Axis Bank bike loan are provided below. The tables with comprehensive details regarding the requirements for an Axis Bank bike loan are provided below.
1. Axis Bank Two-wheeler Loan – Eligibility Criteria
| Eligibility Criteria | Salaried Individual | Self-employed Individual |
| Minimum Age | 21 years | 21 years |
| Maximum Age | 58 years | 65 years |
| Annual Income | Rs. 1.44 Lakh | Rs. 2.5 Lakh |
| Work Experience | 1 year | Should have been in the same field of business for at least a year |
2. Axis Bank Super Bike Loan – Eligibility Criteria
| Eligibility Criteria | Salaried Individual | Self-employed Individual |
| Minimum Age | 21 years | 21 years |
| Maximum Age | 58 years | 60 years |
| Annual Income | Rs. 4.80 Lakh | Rs. 4 Lakh |
| Work Experience | 2 year | Should have been in the same field of business for at least two years |
Documents Required – Axis Bank Bike Loan Interest Rate
Here is the table listing all of the documents required for the Axis Bank 2 Wheeler Loan.
| Salaried Individual | Self-employed Individual |
| Signed application form | Signed application form |
| Recent passport size photograph | Recent passport size photograph |
| Proof of Identity (PAN card, Voter ID card, Passport, Driving license) | Identity proof (PAN card, Voter ID card, Passport, Driving license) |
| Age proof | Age proof |
| Address proof (Utility bills, Passport, Rent agreement) | Address proof (Utility bills, Passport, Rent agreement) |
| KYC documents | KYC documents |
| Form 16 | ITR of previous two years |
| Proforma Invoice | Proforma Invoice |
| Salary slip of previous three months | Shop & Establishment act certificate |
| Bank account statement of previous three years | Regd. lease with other utility bills |
| – | Sales tax or VAT certificate |
| – | SSI or MSME Registration Certificate |
| – | Bank account statement of previous three years |
How to Apply for Axis Bank Two Wheeler Loan?
The Axis Bank Two Wheeler Loan is available for online and offline applications.
The processes to apply for an Axis Bank two-wheeler loan online are as follows.
- Step 1: Look around the official Axis Bank website first.
- Step 2: The loan portion of the page will be visible to you. Select the “Two Wheeler Loans” option under the loan section.
- Step 3: Next, choose ‘Apply Online.’
- Step 4: As a result, you will be redirected to a new page where you will be required to provide your name, email address, state, city, and cell phone number.
- Step 5: After that, you’ll be required to agree the terms and conditions and input a captcha.
- Step 6: Click ‘Submit’ once you have entered all the necessary information.
- Step 7: A bank customer service agent will then get in touch with you and guide you through the complete two-wheeler loan application process.
Through the Axis Mobile App, you can easily apply for the Axis Bank Two Wheeler Loan.
How to Apply Axis Bank Two Wheeler Loan Offline?
- You can apply at your nearest Axis Bank location. The bank’s dedicated staff will be available to advise you through the process. The bank has also supplied a hotline number (18004197878) that you can use if you have any questions about the mortgage process.
Axis Two-Wheeler Loan Processing Fees and Charges
| Axis Bank Bike Loan Particulars | Fees and Charges |
| Processing Fee | Up to 2.5% of the loan amount |
| Overdue EMI Interest | 2.5% per month on the unpaid instalment sum |
| Documentation Charges | ₹750 |
| PDD Collection Charges | ₹200 |
| Stamp Duty and Statutory Charges | At actuals |
| Cheque Bounce Charges | ₹339 per case |
| Instrument Swap Charges | ₹500 per case |
| Duplicate Statement Issuing Charge | ₹250 per case |
| Duplicate Repayment Schedule Issuing Charge | ₹250 per case |
| Loan Agreement Photocopy Issuing Charge | ₹250 per case |
| Loan Cancellation/Rebooking Charges | ₹550 |
| Foreclosure Charges | 5% of the outstanding principal amount |
| Penal Interest | 2% p.m. |
Benefits of Availing an Axis Bank Two-Wheeler Loan
- Funding for Different Types of Bikes – Axis Bank two-wheeler loans offer financing choices for a variety of new two-wheelers. Thus, whether you want a 500cc motorcycle or an eco-friendly electric vehicle, Axis Bank auto loans have you covered.
- Minimal documentation and quick approvals – You can apply for an Axis Bank two-wheeler loan online using only a minimum set of KYC documents. Once verified, your loan amount will be issued within a few days. This streamlined method makes applying for a two-wheeler loan simple and straightforward.
- There’s no need to worry about margin requirements. With an Axis Bank bike loan, you won’t have to compromise on the type of bike you desire simply because you don’t have enough down payment. Axis Bank’s normal two-wheeler loan arrangement provides up to 100% funding for your new bike. This means you won’t have to pay margin charges out of pocket.
- Plan Ahead with No funds Loss – Axis Bank’s two-wheeler loans allow you to purchase your dream bike without depleting your funds. You can divide the loan amount into manageable bite-sized instalments and repay them over a flexible period of 12-60 months. To plan ahead and avoid overburdening your monthly payments, utilize the Axis Bank EMI calculator to select a suitable loan period.
Axis Bank Contact Details
- If you have any questions or concerns about an Axis Bank 2-wheeler loan, you can contact the bank at its toll-free customer care numbers 1860-419-5555/1860-500-5555 or visit your nearest bank location for instant assistance. Alternatively, you can send your inquiries to loans@axisbank.com.
Usefull links Axis Bank Bike Loa
| 30,000 रुपये का लोन के लिए / For loan of Rs 30,000 | यहाँ क्लिक करें / Click Here |
| 55,000 रुपये का लोन के लिए / For loan of Rs 55,000 | यहाँ क्लिक करें / Click Here |
| 1,00, 000 रुपये का लोन के लिए / For loan of Rs 1,00,000 | यहाँ क्लिक करें / Click Here |
FAQ’s of Axis Bank Bike Loan Interest Rate
Que.1 What is the maximum tenor of the Axis Bank bike loan?
Ans.1 The Axis Bank Bike Loan has a maximum tenor of up to 60 months.
Que.2 How can I check my bike loan status in Axis Bank?
Ans.2 You can visit the Axis Bank official website or download the Axis Bank Mobile App to check your bike loan status.
Que.3 Is age an eligibility factor to get a two wheeler loan from Axis Bank?
Ans.3 Yes, age is an essential eligibility factor. The bank has different age criteria for salaried and self-employed people.
Salaried Person:
The minimum age should be 21 years, and the maximum should be 58 years.
Self-employed Person:
The minimum age should be 21 years, and the maximum should be 65 years.
Que.4 Are there any processing fees for Axis Bank two-wheeler loans?
Ans.4 Yes. Axis Bank can charge up to 2.5% of the loan amount as a processing fee for sanctioning a bike loan.
Que.5 Can I prepay the Axis Bank bike loan?
Ans.5 Yes. You can prepay your Axis bank bike loan after 12 EMIs
Que.6 Does Axis bank charge the same interest rate for bike and super bike loans?
Ans.6 No, the interest rates for a bike and a superbike loan are not the same. Axis Bank charges interest on bike loans ranging from 10.80% per annum to 28.30% per annum, while superbike loans carry interest ranging from 9.25% per annum to 16.00% per annum.
Disclaimer – Axis Bank Bike Loan Interest Rate
Under no circumstances is the information provided above intended to be a source of advice, recommending any financial advice or endorsing any product of any kind. Instead, it is merely informational and relates to Non-Partnered Banks/NBFCs. This information was provided by Loaninfoguj. Be sure to consult your financial advisor before taking the loan.
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