Here is All You Need to Know About the ICICI Bank Two-wheeler Loan
✓ Interest Rates Starting @ 0.99% p.a. ✓ Up to 100% Financing ✓ Repayment Tenure of up to 4 Years
To access funds for purchasing your dream bike, a two-wheeler loan from ICICI Bank can be the right choice. The ICICI Bank Two-wheeler Loan interest rate is minimal and starts from 10.25% per annum, making it an affordable borrowing option.
The ICICI Bike Loan interest rate and other details are mentioned below:
ICICI Bike Loan Particulars |
Details |
ICICI Two-Wheeler Loan Interest Rates |
10.25% p.a. onwards |
Maximum Loan Amount |
Up to ₹30 Lakhs |
Loan Repayment Tenure |
Up to 3 Years |
Processing Fee |
Up to 4% of the loan amount |
Disclaimer: Interest rates, charges, and terms are subject to changes as per the market conditions and at the bank’s discretion.
There are two categories under which you, as an applicant for the loan, can fall. The first is the salaried employees, and the second is the self-employed individuals. The documents required for the ICICI Bank Two-Wheeler Loan are as follows:
Identity Proof
Documents such as an Aadhaar card, PAN card, driving licence, passport, and voter ID card
Address Proof
Any of the following documents: Driving licence, electricity bill, telephone bill, ration card, and passport
Bank Statements
Your bank statement for the last 6 months.
Proof of Income
Latest salary slip attached with Form 16 (salaried individuals) and Income tax returns of the last two financial years (self-employed individuals)
Application Form
Features and Benefits
Low-Interest Rates
ICICI Bank offers affordable interest rates starting from 10.25% p.a.
Lightning-fast Disbursals
ICICI Bank approves and disburses bike loans in record time. Existing customers can also enjoy pre-approved loans and instant disbursals.
Minimal to Zero Documentation
You can apply for a bike loan with just a basic set of documents proving your identity, place of residence, and income.
No Down Payment Worries
When you choose an ICICI Bank Bike Loan plan, you can get a loan for up to 100% of your vehicle’s on-road price.
Easy Online Application Process
You can apply for an ICICI Bank Bike Loan with just a few simple clicks.
ICICI Bank offers several modes of loan application to make it hassle-free for its customers. You can follow different ways mentioned below to apply for an ICICI Bike Loan:
Net Banking
You can log in to the iMobile application of the ICICI Bank to check for your pre-approved loan offers, where you can simply apply for the two-wheeler Loan. Or, you can visit the official website at https://www.icicibank.com/, log in to your account, and apply from there.
Offline Method
For the offline mode, you can go to the nearest ICICI Bank for the application for your two-wheeler loan. You can also visit your nearest partner bike dealership and talk to an ICICI Bank representative.
Two Wheeler Loan Quick Links
Two Wheeler Loan Providers
- Bajaj Auto Finance Two Wheeler Loan
- L&T Finance Two Wheeler Loan
- Muthoot Capital Two Wheeler Loan
- Kotak Mahindra Prime Two Wheeler Loan
- SBI Bank Two Wheeler Loan
- IDFC Bank Two Wheeler Loan
- HDFC Bank Two Wheeler Loan
- Bank Of Baroda Two Wheeler Loan
- Axis Bank Two Wheeler Loan
- Bajaj Auto Finance Two Wheeler Loan Statement
- Bajaj Auto Finance
- Muthoot Capital
- L&T Finance
Upcoming Bikes & Prices
- Ather 450X
- Bajaj Bikes Price List
- Bajaj Pulsar Bike On Loan
- Best Mileage Bikes
- Bikes Under 1.5 Lakh
- Cheapest Bikes In India
- Cheapest Electric Scooter In India
- Cheapest Scooty In India
- CSD Bike Price List
- How To Buy A Bike On EMI
- MS Dhoni Bike Collection
- Ola S1 Electric Scooter
- Revolt RV400 Electric Bike
- Royal Enfield Bike Finance
- Upcoming Bike Launches In India
Frequently Asked Questions
If I qualify for an ICICI Bike Loan that is pre-approved, how much is the maximum amount of loan that I can get?
The maximum loan amount that you get if you qualify for a pre-approved ICICI Bike Loan is 100% of the bike’s on-road price.
Are there any processing fees for the ICICI Bank Two-wheeler Loan?
Yes, there is a very minimal processing fee of up to 4% charged on the ICICI Bank Two-wheeler Loan.
Do self-employed individuals need to provide a guarantee to get a bike loan from the ICICI Bank?
No, self-employed individuals do not need to offer any guarantee to get a bike loan from the ICICI Bank. If you are self-employed, you only need to meet the eligibility criteria and submit the required documents.
What is the minimum age to get an ICICI Bank Two-wheeler Loan?
The minimum age to get an ICICI Two-wheeler Loan is 21 years.
How much is the ICICI Bank Two-wheeler Loan interest rate in 2024?
The ICICI Bike Loan interest rate starts from 10.25% per annum and can go up to 25.12% per annum.
Do I need to get my KYC done to apply for a two-wheeler loan at ICICI Bank?
If you are an existing customer of the bank, you do not need to get a KYC done before applying for an instant pre-approved loan. If you are not an existing customer, you will have to submit KYC documents while applying for the loan.
Can I prepay the ICICI Bank bike loan?
Yes, you can prepay your ICICI Bank Bike Loan. However, doing so will cost you an additional 3% of the prepaid loan amount as a prepayment fee.
I am already a customer of ICICI Bank. What is the procedure for me to get a two-wheeler loan?
As an existing ICICI Bank customer, you qualify for a pre-approved instant two-wheeler loan. To get this offer, you simply have to visit ICICI Bank’s internet banking page and download the loan sanction letter. You can also walk into your bank branch to know your offer.
Check Your CIBIL Score
