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.
If you are planning to buy a two-wheeler, you must be scouting for various means of financing. You would look for a financing option that’s simple, hassle-free, and affordable. Two-Wheeler Loan is undoubtedly one of the best financing options you should explore. You can avail a significant amount to finance your two-wheeler purchase at competitive interest rates and suitable tenure.
You can repay the loan amount in Equated Monthly Installments (EMIs). This allows you to finance your two-wheeler purchase without feeling burdened. You can apply for the loan offline or online. On approval, the loan amount is disbursed in no time. Apply for a loan and get home the two-wheeler you have been eyeing for months today!
Simple eligibility criteria- Two-wheeler Loans have the simplest eligibility criteria. All you need is a decent monthly income, good repayment capacity, and an excellent credit score and you are good to go.
Secure your savings - Utilising your months of savings on a single purchase is not advisable. Instead, you could channel your savings into profitable investments and potentially build wealth over time. Apply for a loan to meet your vehicle expenses and secure your savings.
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
Generate Instant Sanction letter through https://www.icicibank.com/Personal-Banking/loans/twowheeler-loan/two-wheeler-instant-loan.page?#toptitle
You may update your mailing address, mobile number or e-mail ID with below: At any ICICI Bank branch:
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:
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.
Valid for 30 days
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 |
Invest
