ICICI Bank Two-wheeler Loan

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:

*Disclaimer: The mentioned terms are subject to change at the lender’s discretion.

The ICICI Bank loan EMI calculator is a user-friendly tool designed to help you calculate your monthly instalments with ease. Enter your loan details below to get instant and accurate results.

Here are some common requirements you should meet to qualify for a two-wheeler loan from ICICI Bank:

• Age: 21 to 65 years 

• Employment type: Salaried employees or Self-employed individuals

• CIBIL score: 700 or more

• Nationality: Indian

In addition to this, under specific requirements, ICICI Bank may ask you to fulfil to qualify for the loan. Be sure to get a complete list of the set criteria from the lender to better assess your eligibility for the loan and take the required measures before applying for the loan.

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

A duly filled application form which contains all your personal and income-related details. You may also be required to submit some passport-size photographs during the application process.

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.

Various options you can choose from to repay your ICICI Bank Two-wheeler Loan are as follows:

Unified Payments Interface (UPI) 

You can conveniently repay your ICICI Bank two-wheeler loan using UPI payments by scanning a QR code through any UPI-enabled banking app or the BHIM app. Follow these steps:

• Enter your loan account number twice and click on the ‘Verify’ button

• Review the details displayed on your screen to ensure accuracy

• Enter the repayment amount you need to pay

• Click on the ‘Generate QR Code’ option to proceed

• Log in to any UPI-enabled mobile banking app or the BHIM app and scan the generated QR code

• Complete the payment through your UPI app

• Receive a success confirmation along with the transaction number on your mobile screen

Debit Card 

You can repay your ICICI Bank two-wheeler loan using your debit card with the Click to Pay feature. Here are some simple steps you can follow to pay the EMI effortlessly by using your debit card:

• Select your bank and choose the debit card type you wish to use for the payment

• Provide your 16-digit alphanumeric loan number twice for verification 

• Enter the outstanding amount and click ‘Pay Now’

• You will be securely redirected to the payment gateway of your selected card

• Authenticate the transaction as per the gateway's instructions

• Your debit card will be debited immediately after successful authentication

• You will receive a ‘Transaction Reference Number’ as confirmation of the successful payment

NEFT/RTGS

You can repay your ICICI Bank two-wheeler loan through NEFT/RTGS using the following steps:

• Log in to your internet banking account with your preferred bank

• Add ICICI Bank as a beneficiary by providing the following details:

  • Beneficiary Account Number: Your loan number or credit card number (as applicable)

  • IFSC Code: ICIC0000004

  • Beneficiary Bank Name: ICICI Bank Limited

• Enter the outstanding amount you wish to pay

• Confirm the transaction details and authorise the payment

• Upon successful transfer, you will receive a transaction confirmation from your bank

Internet Banking

You can easily repay your ICICI Bank two-wheeler loan using internet banking. Follow these steps:

• Visit the official ICICI Bank website’s internet banking page - https://www.icicibank.com/online-services/clicktopayloan 

• Select your bank from the drop-down list of partner banks provided on the page

• Enter your 16-digit alphanumeric loan number twice for verification

• Input the amount payable under ‘Amount Payable’ and click on ‘Pay Now’

• You will be securely redirected to the payment interface of your selected bank

• Log in using your internet banking credentials like the user ID and password 

• Confirm the payment by selecting the amount to be paid

• Your chosen bank account will be debited immediately upon confirmation

• Receive an online confirmation of the successful transaction

Bharat Bill Payment System (BBPS)

You can also make your ICICI Bank two-wheeler loan payments through the Bharat Bill Payment System (BBPS). Follow these steps:

• Log in to a BBPS-enabled application or platform

• Navigate to the payment section and select ‘Loan Repayment’ under the ‘Pay Bills’ field

• Search or type ICICI Bank Ltd - Loans in the biller category

• Enter your 16-digit loan account number and confirm

• View the outstanding loan details displayed on the screen

• Proceed to make the payment through the BBPS platform

The payment will be updated with the bank one working day after the transaction is made.

Unstructured Supplementary Service Data (USSD)

Repay your ICICI Bank two-wheeler loan without internet access using USSD. Follow these steps:

• Dial *99# from your mobile phone.

• Follow the on-screen instructions to access banking services.

• Use the payment ID format - loanspay.16-digit-loan-number@icici

• Enter the required details and confirm the payment

Be sure to regularly check your ICICI Bank Two-wheeler Loan statement to keep a track of your EMI payments. The ICICI Bike Loan statement consists of details about the EMIs paid, outstanding balance, etc. which can help you.