State Bank Of India Two Wheeler Loan Interest Rate

Hello sir, I am Sanjay. I want you to help me by giving me some information about the interest rate on State bank of India 2 wheeler loan. Can you give me some details about it?

[Kiran Chandar]

As you have asked about the interest rate on State bank of India 2 wheeler loan, I am giving you information about it, check below for the details

SBI offers
No Advance EMI;
Lowest interest rates;
Lowest EMI;
LTV 85% of On Road Price of vehicle;
Interest Calculated on Daily Reducing Balance;

Eligibility

Individual between the age of 21-65 years of age.
Minimum Net Annual Income Rs. 75,000 (for regular petrol/diesel/gas operated scooters & motor cycles) and Rs. 60,000 (mopeds and battery-operated Two-wheelers)-

Interest rates:

Super Bike Loan Scheme
For All Tenure
3.00% above 1 year MCLR i.e. 12.15% p.a

Margin
15% of the on the road price (which includes vehicle registration charges, insurance, one-time road tax).

Repayment
You can repay the loan within 36 months.