Bike Loan Interest – 2025

Getting a bike is a dream for many. If you are wondering whether you should go for a bike loan we have reasons for it. With the best motorcycle loan rates available in 2025, owning a two-wheeler has never been this easy. Here’s what you should look for when seeking the best motorcycle loan rates.

The interest rate for a bike loan can vary depending on the bank, the loan amount, and the borrower’s creditworthiness. Interest rates for bike loans can range from 10% to 28% per year.

Best Interest rates for bike loans 

Bike Loan Interest Rates 2025

  • HDFC Bank: Interest rates start at 14.5% per year
  • ICICI Bank: Interest rates range from 9% to 28% per year
  • Tata Capital: Interest rates start at 10.99% per year
  • State Bank of India: Interest rates start at 12.80% per year
  • UCO Bank: Interest rates start at 10.00% per year
  • Indian Overseas Bank: Interest rates start at 11.00% per year
  • IDFC First Bank: Interest rates start at 11% per year
  • Bajaj Finance: Interest rates start at 11% per year
  • Hero Fincorp: Interest rates start at 12% per year
  • HDB Financial Services: Interest rates start at 12% per year

Documents Required for Bike/Two-Wheeler Loan

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Here are the documents required for a bike or a two-wheeler loan:

  • 1. Identity Proof: PAN card, Aadhaar card, passport, voter ID, or driving licence.
  • 2. Address Proof: Aadhaar card, utility bill, passport, or rental agreement.
  • 3. Income Proof: Recent salary slips, bank statements, or Form 16 for salaried individuals. For self-employed individuals, IT returns or business financials are required.
  • 4. Vehicle Details: Quotation or invoice of the bike you intend to purchase.
    Remember to double-check with your lender, as documentation requirements may vary.Here are the documents required for a bike or a two-wheeler loan:
  • 1. Identity Proof: PAN card, Aadhaar card, passport, voter ID, or driving licence.
  • 2. Address Proof: Aadhaar card, utility bill, passport, or rental agreement.
  • 3. Income Proof: Recent salary slips, bank statements, or Form 16 for salaried individuals. For self-employed individuals, IT returns or business financials are required.
  • 4. Vehicle Details: Quotation or invoice of the bike you intend to purchase.
    Remember to double-check with your lender, as documentation requirements may vary.
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Factors Affecting Bike Loan Interest Rates

Several factors influence the two-wheeler loan interest rate you are offered. Here are the key ones:

Net income: Financial institutions assess your income for bike loan eligibility. Low-income earners can qualify, but higher incomes secure lower interest rates due to reduced default risk.

Other loan payments: Financial institutions will look if you have any other loans like home loans, or any other personal loans, to get an idea about your disposable income.

Credit score: If you have a high credit score, it will help in getting loans with lower interest rates.

Down payment: A higher down payment reduces both the loan amount and its overall cost, as it leads to lower interest charges.

Repayment Tenure: Shorter tenures usually have lower interest rates but higher EMIs and long-term loans have a lower interest rate, but higher overall cost.

Conclusion

With competitive two-wheeler loan interest rates and various options available, buying your dream bike in 2025 is easier than ever. With flexible repayment options, competitive interest rates, and quick approval processes, CASHe allows you to turn your dreams into reality. Apply today

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