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Introduction

Commute safely and swiftly by your choice of bike. Choose ICICI Bank’s instant two-wheeler loan to buy your dream bike today.Benefit from paperless and easy documentation and digital sanction letter of up to 100% of the On-Road price on your motorcycle. To know your loan amount and eligibility, look through the indicative list of documents required below.

  • Loan Calculator

  • EMI Comparison calculator

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Existing Loan

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Balance Transfer Loan

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Emi Savings
Total Interest Savings
Total Payment Savings
Existing Loan
Balance Transfer Loan

Features & Benefits

New car loan

Digital Process

New car loan

Instant Sanction Letter

New car loan

Easy Documentation

New car loan

Specialised processing fees

Documents Checklist

Home loan documents

Salaried

  • Application form
  • Photographs
  • Identity Proof
  • Address Proof
  • Age Proof
  • Bank Statements
  • Signature Verification
  • Latest Salary Slip / Form 16
  • Employment Stability Proof
Home loan documents

SELF EMPLOYED PROFESSIONAL

  • Application form
  • Photographs
  • Identity Proof
  • Address Proof
  • Age Proof
  • Bank Statements
  • Signature Verification
  • Income Tax Returns of 2 previous financial years
  • Business Stability proof / Ownership proof

Non-Refundable Loan Processing Fee: Upto 2.5% of Loan amount or Max ₹ 2500/- , Documentation Charges: ₹ 2.25% of Loan amount or Maximum of ₹ 1000/- ; CIBIL Report Charges: ₹ 50; Foreclosure Charges: 5% on principal outstanding or interest outstanding for unexpired period of loan (whichever is lower); Charges for late payment of loans: 2% per month on the outstanding instalment; Loan Cancellation Charges: ₹ 3,000 per loan

Annual Percentage Rate

1

The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan origination fee.

2

Loans for a variety of personal or professional needs (other than for speculative purposes)

3

Loans for existing customers as well as new customers availing of our Balance Transfer Facility

4

Loan can be used for many purpose such as Educational Fees, Medical Expenses, Travel, buying dream car, Debt Consolidation etc

FAQs

Generate Instant Sanction letter through  https://www.icicibank.com/Personal-Banking/loans/twowheeler-loan/two-wheeler-instant-loan.page?#toptitle

  • Write to us using the "Email Us" option
  • Call us at our 24 hour Customer Care
  • You can just walk into any of our branches.
  • Contact any of our direct sales agents

You may update your mailing address, mobile number or e-mail ID with below: At any ICICI Bank branch:

  • Visit any ICICI Bank loan branch with a valid photo ID proof and submit an application

We charge prepayment fee of 5% on the outstanding principal amount and the Goods and Service Tax will be charged as applicable on the pre-payment fee.

To facilitate prepayment of your Two wheeler Loan , you are required to visit an ICICI Bank Asset Servicing (Retail asset operation group ) branch along with the below mentioned documents to complete the prepayment process:

  • Pre-payment Statement
  • Request letter signed by the loan applicant
  • Bank statement reflecting the clearance of the last installment
  • PAN Card (If the closing cash payment is more than Rs. 50,000)
  • Vehicle Registration Certificate (R C Book Copy)
  • Vehicle Insurance Copy
  • Mode of payment can be cash, cheque or demand draft

Please note that 18% Goods and Service Tax (GST) wef. July 1, 2017 will be applicable

You just need to submit one application form along with one recent coloured photograph, KYC documents.

The lending rates vary on the basis of models and tenure selected.

Maximum loan amount and tenure shall depend on the offer available. You can avail of lower loan amount or tenure as per the cost of Two Wheeler. You will get loan up to 100% of on road price of the two wheeler, if the same is within the range of the offer amount.

FCPG will be waived for PA customers.

No. they will be processed as per normal.

Illustration for 100% funding

Scenario 1: PA offer amount is Rs. 1,00,000, On road price of vehicle is Rs. 65,000, Customer will be eligible for Rs. 65,000
Scenario 2: PA offer amount is Rs. 65,000, Cost of vehicle is Rs. 75,000. Customer will be eligible for Rs. 65,000s
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