Axis Bank Bike Loan – Two Wheeler Loan 2024 Interest Rate, Eligibility: Hi friends, If you want to buy a bike and you are short of money then you can join with Axis Bank Bike Loan.
If your dream is to buy a bike and you do not have money, then you can fulfill your dream by joining a two wheeler loan. In this article, we will know in detail what is Axis Bank Two Wheeler Loan, what is the interest rate, documents, eligibility of this loan and how can we apply for this loan etc., so you can complete this article till the end. read.
Axis Bank Two Wheeler Loan Details
When we take a loan to buy the bike of our dreams, it is a Two Wheeler Loan or Bike Loan. Many banks and financial institutions are providing bike loans to the customers with attractive interest rates. bike loan Secured & Unsecured loan It is of both types.
Under secured loan you have to provide collateral or security to take the loan but under unsecured loan you do not have to give any collateral or security. This loan is given to the customer on the basis of his CIBIL score. If your credit score is very good, your credit history is very good then you are attractive. Bike Loan interest rate With this, you can take advantage of Axis Bank Two Wheeler Loan.
Axis Bank mainly offers two types of bike loans one is Two Wheeler Loan and other is Super Bike Loan. The loan amount, interest rate, eligibility, documents can be different in both these loans. For bikes up to 500cc you can apply for a two wheeler loan and for bikes above 500cc you have to apply for a super bike loan.
Axis Bank Bike Loan Key Features
| loan name | Axis Bank Two Wheeler Loan |
| lender | Axis Bank |
| Loan Type | Two Wheeler Loan and Super Bike Loan |
| Rate of interest | 16.50%-24.00% per year |
| Loan amount | Two Wheeler Loan: Starting From Rs.25,001 Super Bike Loan: Starting From Rs.1,00,000 |
| Application Mode | online |
| Processing fee | 2.5% of the loan amount |
| official website | https://www.axisbank.com/ |
Axis Bank Two Wheeler Loan Interest Rate 2024
Before taking a bike loan, it is important for you to know about its interest rate properly. Axis Bank offers two types of bike loans with different rates of interest. Presently the Axis bank two wheeler loan interest rate starting from 16.50% to 24.00 p.a.
You can find cheap bike loans by comparing the interest rates of different lenders. The interest rate is determined on the basis of the applicant’s credit history and loan amount and other factors. interest rate at the discretion of the bank But is subject to change from time to time.
Axis Bank Bike Loan Types
The bank mainly offers two types of bike loans which are as follows:
- Two Wheeler Loan
- Super Bike Loan
Two Wheeler Loan:
- You can take this loan for a loan tenure of 12 to 48 months.
- You can take advantage of this loan with faster processing.
- The loan amount in this loan starts from Rs.25,001. This is an attractive scheme for electric vehicle funding. Benefit of 50 bps less interest of interest on two wheeler loan for electric vehicles.
- You can avail this loan with minimal documentation. On road funding up to 100%.
Super Bike Loan:
- With this loan you can fulfill your dream of buying a super bike.
- You can take this Axis Bank Bike Loan for a loan tenure of 12 months to 60 months.
- The loan amount under this loan starts from Rs. 1,00,000.
- Loan benefits with minimal documentation.
- Fast processing process.
Axis Bank Bike Loan Eligibility
The bank provides two types of loans to the customers. The eligibility to apply for these loans has been determined differently. The eligibility is different for Salaried Person and Self Employed Person which are as follows:
Two Wheeler Loan Eligibility
The eligibility to apply for a two wheeler loan is as follows:
| Eligibility | Salaried | Self employed |
| Age | 21 to 58 years | 21 to 65 years |
| minimum income | 1.44 lakh per annum | 2.5 lakh per annum |
| Employment Status | Minimum 1 year experience | 1 year in the same line of business |
| Bank statement | 3 months bank statement | 3 months bank statement |
Super Bike Loan Eligibility
The eligibility to apply for Super Bike Loan is as follows:
| Eligibility | Salaried | Self employed |
| age | 21 to 58 years | 21 to 65 years |
| minimum income | 4.8 lakh per annum | 4 lakh per annum |
| Employment Status | Minimum 2 years experience | 2 years in the same line of business |
| Bank statement | 3 months bank statement | 3 months bank statement |
Documents Need for Axis Bank Two Wheeler Loan
Before applying for Axis Bank Bike Loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. salaried person and Self employed These documents can be different for both the person. Axis Bank offers two types of loans which have different documents.
Some common documents are as follows, which are common to all:
General Documents:
- application form
- proforma invoice
- passport size photograph of the applicant
- KYC document
Two Wheeler Loan Documents
| Document | salaried | Self employed |
| Office/Business Proof ( Any one) | No | – Telephone bill. – Lease along with other utility bills registered. Shop and Establishment Act Certificate . Sales tax or VAT certificate . – Current account details. – SSI or MSME Registration Certificate. Electricity bill. |
| Bank statement | Latest 3 Months Bank Statement | Latest 3 Months Bank Statement |
| age proof | Passport / Driving License / Birth Certificate / Pan Card | Passport / Driving License / Birth Certificate / Pan Card |
| income proof | Latest Salary Slip. Latest Form 16. | Latest ITR |
Super Bike Loan Documents
Individual matters :
| Document | salaried | Self employed |
| Office / Occupation Proof | No | Telephone Bill / Electricity Bill / Shop and Establishment Act Certificate / SSI or MSME Registration Certificate / Sales Tax or VAT Certificate / Current Account Statement / Lease Registered with Other Utility Bill |
| income proof | Latest Salary Slip. Latest Form 16. | Latest ITR |
| Bank statement | Latest 3 Months Bank Statement | Latest 3 Months Bank Statement |
| age proof | PAN/Driving License/Passport/Birth Certificate | PAN/Driving License/Passport/Birth Certificate |
| sign verification proof | PAN/Passport/Bankers Verification | PAN/Passport/Bankers Verification |
| Employment/Business Continuity Proof | Copy of appointment letter / date of joining on pay slip / ITR of Form 16 / work experience certificate / relief letter | Shop and Establishment Act Certificate / SSI or MSME Registration Certificate / Sales Tax or VAT Certificate / Current Account Statement |
Non-Individual Matters :
| document | Partnership Firm/Trust/Society | Private Limited / Limited Companies |
| Office / Occupation Proof | No | No |
| income proof | Audited Balance Sheet / P&L Account and ITR for the latest 1 year, and any other documents as per credit discretion | Audited Balance Sheet / P&L Account and ITR for the latest 1 year, and any other documents as per credit discretion |
| Bank statement | Latest 3 Months Bank Statement | Latest 3 Months Bank Statement |
| age proof | No | No |
| sign verification proof | No | No |
| Employment/Business Continuity Proof | Shop and Establishment Act Certificate / SSI or MSME Registration Certificate / Sales Tax or VAT Certificate / Current Account Statement | Shop and Establishment Act Certificate / SSI or MSME Registration Certificate / Sales Tax or VAT Certificate / Current Account Statement |
| additional documents | Board resolution for PAN card/authorization letter and trust/society by all the participants | LIST OF DIRECTORS AND SHAREHOLDING PATTER/PAN CARD/BOARD RESOLUTION/Certificate of Commencement of Business for a Limited Company |
How to apply for Axis Bank Two Wheeler Loan ?
If you fulfill all the conditions of this loan, then you can apply for it in two ways, online and offline. You can apply online from the bank’s official website or from Axis mobile app or by calling Axis Bank customer care number 18004197878.
To apply, follow the steps given below:
Axis Bank Two Wheeler Loan Online apply
To apply online, first go to the official website of the bank axisbank.com But have to come.
- In the loan option on the home page of the website two wheeler loan Click on the option.
- Both the loan schemes will come in front of you.
- Click on the option of Apply Online in front of the loan for which you want to apply.
- Axis bank two wheeler loan application form will open in front of you.
- Enter the requested information in the form and submit.
- After this the representative of the bank will contact you and the loan process will be issued further.
How to apply offline ?
- First of all, you have to go to your nearest Axis Bank branch.
- Contact the bank representative who will provide you complete information about two wheeler loan.
- You have to fill a form with which the documents have to be attached.
- And this form has to be submitted in the bank.
- In this way your offline application will be done.
Axis Bank Bike Loan Fees and Charges
| processing fee | 2.5% of the loan amount |
| documentation fee | 500 rupees |
| Check Bounce/EMI Return Charges | Rs 339 |
| Check / Instrument Swap Charges | 500 rupees |
| Duplicate statement issuance fee | 250 rupees |
| Duplicate Repayment Schedule Issuance Fee | 250 rupees |
| Duplicate No Dues Certificate / NOC | 50 rupees |
| penal interest | 2%pm |
| part payment fee | 5% of part payment amount |
| four closure fee | 5% of the outstanding principal |
| stamp duty | on the real |
| issuing credit reports | 50 rupees |
| PDD Collection Fee | 200 rupees |
| Legal, Possession or Incident Charges | on the real |
| Loan Cancellation / Re-booking Charges | 550 rupees |
| Issuance fee for photocopy of loan agreement/documents | 250 rupees |
How to Calculate Axis Bank Bike Loan EMI
must calculate the EMI of your loan before applying for a bike loan from any lender. By calculating the EMI of the loan, you can find out how much you will have to pay at the time of repayment of the loan. You can go to the official website of the bank Bike loan EMI Calculator With the help of this you can calculate the EMI of your loan.
Bike loan EMI depends on the loan amount, interest rate and loan tenure. Higher the interest rate of your loan, higher will be the EMI.
Axis Bank Two Wheeler Loan Customer Care Number
If you are facing any kind of problem in applying for the loan, then you can get information by calling the customer care number of the bank.
- Toll Free Number: 1800 419 7878
Read also – SBI Bike Loan
My Last World:
In this article you Axis Bank Bike Loan Get complete information about. Anyone can fulfill their bike dream by joining this loan.
For more information you can write to us in comment. Hope friends, you have found this article informative. If you liked this article then please share it with your friends,
FAQs on Axis Bank Two Wheeler Loan
How can I check my Axis Bank two-wheeler loan status ?
You can check your status by calling the customer care number of the bank.
What is the processing fee of axis bank bike loan ?
Up to 2.5% of the loan amount.
What is the interest rate of Axis Bank Bike Loan ?
The bank offers two types of loans with an interest rate of Two Wheeler Loan: 10.80%-28.30% and Super Bike Loan: 9.00%-18.00%.