IDFC Two Wheeler Loan - Check Interest Rate & EMI Calculator in 2025

✓ Interest Rates Starting @ 0.99% p.a. ✓ Up to 100% Financing ✓ Repayment Tenure of up to 4 Years Check Offer

Overview

IDFC FIRST Bank offers its customers cost-efficient ways to become bike owners. The bike loans offered by the lending institution come with ‘reducing rate’ interest rates starting from just 9.99% p.a. Apply for the loan on IDFC FIRST Bank’s official portal easily, anytime, anywhere.

Here is all you need to know about IDFC FIRST Bank Two-wheeler Loans, including competitive interest rates and flexible tenures. Learn about how to get instant loan approvals with just KYC, the paperless application journey, and low down-payment options.

Here’s a quick overview of the two-wheeler loans offered by IDFC FIRST Bank:

Feature	Details
Loan Amount	Up to 95% of the vehicle's cost
Loan Tenure	Flexible tenure options up to 4 years (48 months)
Eligibility Criteria	Minimum age: 21 years (18 with a co-applicant) Salaried: 6 months in current job Self-employed: 2 years in business

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

IDFC FIRST Bank Two-wheeler Loan: Interest Rates and Charges

IDFC FIRST Bank Two-wheeler Loan interest rates and other associated charges are as follows:

Processing Fee	Up to 5% of the loan amount
Other Charges (if applicable)	Up to ₹2,000
Foreclosure Charges	5% of the principal amount
Late Payment Fee	2% per month of the unpaid EMI or ₹300, whichever is higher
Product and Vehicle Variant Interest Rates	Commuter - Starting from 18.99%
	Mid Premium / Electric Vehicle - Starting from 15.99%
	Premium - Starting from 8.5%

*Disclaimer: The interest rates and charges mentioned above are subject to constant change. Check the information with the lender before making any financial decisions.

IDFC FIRST Bank Two Wheeler Loan EMI Calculator

Loan Amount

Tenure

Rate of Interest

Your Monthly Two Wheeler Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

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Year	EMI	Principal	Interest	Balance

IDFC Two-wheeler Loan: Features and Benefits

Low Interest Rates

Benefit from competitive interest rates, making your loan more affordable.

High LTV Ratio

Borrow amounts of up to 95% of your bike’s value with the help of this loan.

Low Down Payment

Secure higher loan amounts with this option, resulting in lower down payments.

Minimal Documentation

No need for extensive paperwork due to the minimal documentation process.

Easy Application Process

Apply effortlessly online through the IDFC FIRST Bank website, mobile app, or at partner showrooms.

Transparency at all Stages

Experience a transparent loan journey, with clear communication at every step of the process.

Instant Sanction

Get quick loan approvals within minutes, with disbursement happening in as fast as 2 hours.

IDFC FIRST Bank Two-wheeler Loan’s Eligibility Criteria and Documents Required

For the approval of your bike loan, you need to fulfil the stipulated eligibility requirements. The eligibility criteria are listed below:

You must be an Indian citizen.
You must be over 21 years old.
If your age falls under the range of 18 to 21 years, you must mandatorily have a co-applicant.

In addition to this, you will also be required to submit some documents which are as follows:

Passport-size photograph
KYC Documents: Any one of the following:
- Passport
- Aadhaar card
- Drivers licence
- Voter ID

Duly filled loan application form

How to Apply for IDFC FIRST Bank Bike Loan

The IDFC FIRST Bank Bike Loan comes with a convenient online application process. Here’s a step-by-step guide to help you apply:

You can head to the official IDFC FIRST Bank’s website or app
Look for the bike loan section and navigate to the apply button
Fill in the online form by providing your personal and professional details
Submit identity, address and income proofs, as requested
The bank will now authenticate your loan application and documents
On successful verification, you will be informed about the approval of your loan

Disclaimer

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Two Wheeler Loan Providers

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How much interest is charged by IDFC Bank on two-wheeler loans?

The IDFC FIRST Bank interest rate charged on two-wheeler loans starts from 9% p.a.

Is age an eligibility factor to get a two-wheeler loan from IDFC Bank?

Yes, age is a crucial eligibility requirement. You need to be more than 21 years old to apply for an IDFC FIRST Bank Two-wheeler Loan. If you fall under the age bracket of 18 to 21 years, you compulsorily need a co-applicant.

Do self-employed individuals need to provide a guarantee to get a bike loan from IDFC FIRST Bank?

Self-employed individuals are not required to provide any guarantee for securing a two-wheeler loan from IDFC FIRST Bank. They may be required to provide documents to prove their income and business existence.

How do I know if I am eligible for an IDFC bike loan?

To be eligible, you must be at least 21 years old (18 with a co-applicant) and have a stable source of income. Both salaried and self-employed individuals can apply, provided they meet the bank’s criteria.

Do I need to make a down payment or pay margin money for the IDFC FIRST Bank bike loan?

Yes, you may need to make a down payment or margin money. However, IDFC FIRST Bank offers high LTV ratios of up to 95%, ensuring a low down payment requirement.

If I am a business owner, will I be allowed to get an IDFC First Bank two-wheeler loan?

Yes, business owners are eligible to apply for the loan. You must meet the eligibility criteria, such as a minimum of two years of business continuity and a steady income.

Will I have to visit the IDFC First Bank branch to avail of an IDFC two-wheeler loan?

No, you don’t have to visit the branch. The application process is entirely digital, allowing you to apply online from the comfort of your home.

What is the process of loan repayment for an IDFC bike loan?

Loan repayments are made through flexible EMI options. You can set up auto-debit instructions from your bank account for hassle-free repayments.

Will the whole application process for the IDFC Bike loan be online, or will I have to visit the bank to get the application form?

The entire application process is online. You can apply through the IDFC FIRST Bank website or mobile app without the need to visit a branch.

Can I apply online for an IDFC First Bank two-wheeler loan?

Yes, you can apply online through the IDFC FIRST Bank website, mobile app, or partner showroom portals, ensuring a smooth and paperless application process.