Here are the features, benefits, eligibility criteria and documents required for super bike finance that you should know to make a wise financial decision.
Superbikes are becoming more common on Indian roads as youngsters rush to buy them in a bid to seek adventure. While some super bikes are imported into India, others are made in India itself. Regardless of their origin, most super bikes have exceptional features in terms of engine capacity and power and also design. These are sleek powerful machines that are also extremely expensive.
However, it is now much more affordable to buy a superbike in India owing to the wide range of superbike financing options available in the market. You can avail a super bike two-wheeler loan.
Superbikes are becoming more common on Indian roads as youngsters rush to buy them in a bid to seek adventure. While some super bikes are imported into India, others are made in India itself. Regardless of their origin, most super bikes have exceptional features in terms of engine capacity and power and also design. These are sleek powerful machines that are also extremely expensive.
It is important to understand the different factors involved in a loan, including the superbike loan interest rate, in order to pick the loan that best meets your requirements. If you are looking to understand the best superbike financing options available for you, read below.
Bank Name |
Starting Interest Rate |
Processing Fees |
Maximum Loan Amount |
Maximum Tenure |
Bank of India |
10.70% p.a. |
1% of the loan amount (minimum ₹500 and maximum of ₹10,000) |
LTV of up to 90% |
60 months |
Axis Bank |
11% p.a. |
Up to 0.50% of the loan amount |
LTV of up to 85% |
60 months |
HDFC Bank |
12% p.a. |
Up to 1.5% of the loan amount |
LTV of up to 85% + accessory funding of up to ₹2 Lakhs |
60 months |
State Bank of India |
12.85% p.a. |
2% of loan amount + GST (maximum of ₹10,000) |
₹25 Lakhs |
60 months |
*Disclaimer: The mentioned rates and details are subject to change at the lender’s discretion.
Superbikes are an aspirational vehicle and as such, are extremely expensive to own. Thus, it is best to apply for a super bike loan to ensure you get your dream vehicle. Aside from the cost of the vehicle itself, you can also avail additional funding for getting accessories for the super bike.
Since superbikes are expensive, the loan amount offered by most lenders is significantly high. There is no limit to the loan amount for super premium bikes but it is best to narrow in on the bike you wish to buy and assess how much it is likely to cost before approaching a lender.
Usually, the higher the loan amount is, the longer is the repayment tenure. You can easily negotiate with the lender to assess how long and flexible your repayment tenure can be.
It is possible to apply for a superbike loan through both online and offline means. Regardless of where you are located, you can easily apply for super bike financing. Head to the nearest branch of the bank you want the loan from or apply online for a convenient and simple loan application process.
Super bike loans are easy to avail for anybody, regardless of their occupation status. Whether you are a salaried employee or self-employed, it is possible for you to avail loan for super premium bikes Read More. Read Less
There are several lenders in the Indian market who are offering superbike loans. As a result, for the applicant, there are several options available in the market. It is possible for you to compare the different lenders and their benefits before selecting the lender you wish to avail the super bike loan from.
A super bike loan EMI calculator is a simple and effective tool which enables you to estimate your monthly instalments for a super bike two-wheeler loan. By entering details such as the loan amount, interest rate, and repayment tenure, you can quickly determine the EMI for your loan. This helps in planning your finances better and ensuring your dream superbike fits comfortably within your budget.
Before you set out to apply for a superbike loan, it is best to understand the eligibility criteria associated with getting superbike financing. Read on below to learn the eligibility criteria for borrowers wishing to avail a superbike two-wheeler loan.
Eligibility Criterion |
Salaried Applicant |
Self-employed Applicants |
Age |
Minimum 21 years at time of application and maximum 70 years at maturity of loan. |
Between 21 to 70 years. |
Monthly Income |
₹7,000 |
₹6,000 |
Over 750 |
||
Loan Amount |
Up to 100% of the vehicle’s value |
|
Stability in Residence |
Residing at the same address for at least 1 year |
|
Work Experience |
1 year |
The eligibility criteria for a two-wheeler loan varies from lender to lender. So, check the two-wheeler loan eligibility criteria set by your chosen provider before applying.
While the eligibility criteria for availing a superbike loan is quite flexible, there are some documents that you are mandatorily required to submit in order to avail the maximum loan amount for super premium bikes. Read on below to learn about the documents you are required to keep handy while applying for a super bike loan.
Proof of Identity: This could be an Aadhaar card, passport, or voter’s ID for both salaried and self-employed individuals.
Proof of Residence: For salaried individuals, this could be their passport or Aadhaar card or even utility bills. For self-employed individuals also, government-issued IDs like passport or Aadhaar card or utility bills will be sufficient.
Read on below to learn about some of the popular superbike brands for which you can get super bike financing in India:
Ducati
Harley Davidson
Royal Enfield
Benelli
BMW
Kawasaki
Triumph
You can get a quick loan to buy a superbike from any of the brands mentioned above and more. However, make sure to discuss your eligibility for the loan with your lender.
Now that you know that there are several options available, hurry to get the best super bike loan. You can also apply for a two-wheeler loan at Bajaj Markets in easy steps and repay it over a flexible repayment tenure.
A superbike is a two-wheeler which has a higher engine capacity than regular two-wheelers. These bikes are usually designed for speed with an engine displacement of over 600 cc and are generally used for racing. Thus, you need to have a specialised licence to ride such high-speed bikes.
The superbike loan amount depends on the loan-to-value (LTV) ratio offered by the lender. This is the percentage of the bike’s present value that the lender is willing to offer as a loan. Lenders do offer loans with an LTV ratio of up to 100%. However, the ratio offered to you is dependent on your eligibility and the lender’s policies.
Usually, you can repay your superbike loan over a repayment period of up to 60 months.
As per the sales volume recorded in 2023 by Team-BHP.com, the top 10 most purchased superbikes of India include:
Kawasaki Z900
Triumph Street Triple
Suzuki Hayabusa
Kawasaki Ninja ZX - 10R
Kawasaki Versys 650
Kaw3asaki Ninja 650
Triumph Trident 660
Triumph Speed Twin
Triumph Tiger 900
Triumph Tiger 660