Axis Bank Two-wheeler Loan

Axis Bank was the first of the new private banks to emerge in 1994 when the Indian government approved the establishment of private banks. Over the years, the bank has grown to become India’s third-largest private sector bank, with over 11,000 ATMs and 4,000 branches nationwide.

The bank offers a wide range of products to its customers, including credit cards, various types of loans, insurance, and more. It provides two types of bike loans: a two-wheeler loan and a superbike loan. Among these, the Axis Bank Two-wheeler Loan is one of the most popular offerings among its customers. This loan enables you to purchase a bike of your choice without any inconvenience.

The loan starts from ₹25,001, with a flexible tenure of up to 48 months. You can repay the Axis Bank Two-wheeler Loan in manageable EMIs.

Axis Bank Two-wheeler Loans are offered at competitive interest rates, starting from 11% per annum. Here is detailed information about the Axis Bank Bike Loan interest rates:

You can easily calculate your EMI using the Axis Bank Two-wheeler Loan EMI calculator. This online tool provides accurate results in a fraction of a second and helps you understand your EMI amount clearly. Here is the formula you can use to calculate your EMI:

EMI = P x R x (1+R)N  / [(1+R)N-1]

Where:

• P is the loan’s principal amount

• R is the interest rate

• N is the number of monthly payments

Example: 

Suppose you are taking a two-wheeler loan with the following details:

• Loan amount (P) = ₹50,000

• Annual interest rate = 12%

• Loan tenure = 24 months

EMI = 50,000 x 0.01 x (1 + 0.01)24 / (1 + 0.01)24 – 1

EMI = 50,000 x 0.01 x (1.01)24 / (1.01)24 – 1

EMI = 634.12 / 0.26824

EMI = ₹2,364.74 

Your EMI will be ₹2,364.74 per month.

Axis Bank offers two options for bike loans: a two-wheeler loan and a superbike loan. Here are the features and benefits of these loans:

Axis Bank Two-wheeler Loan

• The minimum loan amount starts at ₹25,001

• You get a flexible repayment tenure of up to 48 months

• The loan amount can be repaid in EMIs at your convenience

• Minimal documentation is required to apply for the loan

• The approval process is quick and straightforward

• You can get a loan-to-value (LTV) of up to 100% of the on-road price of the vehicle

• Electric vehicles may be eligible for a 50 basis point reduction in the interest rate

Super Bike Loan

• The minimum loan amount starts at ₹1 Lakh

• The loan disbursement process is easy and quick

• Enjoy a flexible repayment tenure of up to 60 months

• The loan amount can be repaid in EMIs

• Minimal documentation is required for the application process

• You can get a loan-to-value (LTV) of up to 85% of the on-road price of the vehicle

Here are the detailed eligibility criteria for Axis Bank Bike Loans, including both Two-wheeler Loans and Superbike Loans:

Axis Bank Two-wheeler Loan Eligibility Criteria for Salaried and Self-employed:

Here is a table listing the documents required for an Axis Bank Two-wheeler Loan:

Here is a table listing the documents required for an Axis Bank Superbike Loan:

You can apply for the Axis Bank Two-wheeler Loan both online and offline.

Steps to Apply Online for the Axis Bank Two-wheeler Loan

Here’s how you can apply for the Axis Bank Two-wheeler Loan online:

1. Visit Axis Bank's official website

2. Navigate to the "Loans" section on the homepage and select "Two-wheeler Loans"

3. Click on "Apply Online"

4. You will be redirected to a new page where you need to provide the following details:

• Full name

• Mobile number

• Email ID

• State

• City

5. Enter the captcha code and accept the terms and conditions

6. Once all required details are filled in, click the "Submit" button

7. A customer representative from Axis Bank will contact you to guide you through the entire loan application process

Alternatively, you can also apply for an Axis Bank Two-wheeler Loan via the Axis Mobile App.

You can visit your nearest Axis Bank branch to apply for the loan. The bank's dedicated professionals will assist you with the application process and provide guidance regarding the procedure.

If you have any questions about the loan process, you can contact the Axis Bank helpline at 1800-419-7878 for assistance.

Here are the fees and charges associated with the Axis Bank Two-wheeler Loan:

An Axis Bank Two-wheeler Loan offers a seamless way to finance your dream bike with ease and convenience. Here are the key benefits of choosing this loan:

Financing for All Types of Two-wheelers

Axis Bank provides financing for a wide range of two-wheelers, from bikes within the 500cc range to eco-friendly electric vehicles.

No Margin Requirements

Enjoy up to 100% financing on the on-road price of your new bike, eliminating the need for large down payments.

Minimal Documentation and Swift Approvals

Apply online with basic KYC documents and experience a quick approval process, with funds disbursed in just a few days.

Flexible Repayment Options

Choose a tenure that suits your needs, ranging from 12 to 60 months, with manageable EMIs.

Preserve Your Savings

Purchase your dream bike without compromising your savings. Plan your EMIs effectively with the help of the Axis Bank EMI calculator.

Special Benefits for Electric Vehicles

Get a 50 basis point reduction in interest rates for electric two-wheelers, supporting sustainable transportation.

Convenient Online Application

Easily apply online through Axis Bank’s website or mobile app, ensuring a hassle-free experience.

Dedicated Customer Support

Receive expert guidance and support from Axis Bank's team throughout the loan application and repayment process.

Applying for a two-wheeler loan is a significant financial decision that requires careful consideration. Here are some essential do's and don'ts to follow:

Do's

• Ensure you meet age, income, and eligibility requirements before applying

• Gather all required documents, such as KYC, income proof, and a proforma invoice, to avoid delays

• Evaluate interest rates, tenures, and processing fees to choose the most suitable loan option

• Use the EMI calculator to plan your repayments effectively and ensure affordability

• Maintain a good credit score to improve your chances of approval and secure better interest rates

Don'ts

• Avoid errors or omissions in your loan application, as this could lead to rejection

• Ignore the fine print, including processing fees, prepayment charges, and other terms

• Borrow within your means to ensure you can pay your EMIs without financial strain

• Delay submitting documents, as it could slow down the loan approval process

• Avoid relying solely on verbal commitments; always get the terms in writing for clarity

If you have any queries or concerns regarding an Axis Bank Two-wheeler Loan, you can contact the bank through its toll-free customer care numbers: 1860-419-5555 or 1860-500-5555. Alternatively, you can visit your nearest Axis Bank branch for immediate assistance.