SBI Bike Loan: Do you want to buy a new bike and you do not have money, friends, in today’s article we are going to provide you information about the bike loan given by State Bank of India.
You can take a loan of ₹ 20000 to ₹ 300000 without visiting the branch using SBI Yono App through bike loan pre-approved offer from SBI Bank. SBI Savings Account Opening Online
Come friends, let us know how to get bike loan from SBI Bank, what documents will be required to take bike loan, how much bike loan can be availed.
How much interest will have to be paid on taking a two wheeler loan, in which way State Bank of India approves the loan. All this information will be found here, so you can read this article from beginning to end.
SBI Two Wheeler Loan: Recently State Bank has started offering loan for the purchase of new two wheeler. Scooters, motorcycles, mopeds, battery operated electronic vehicles, etc. can be purchased from the loan given by SBI Bank. The bank offers 85% on the on-road price for the purchase of a two wheeler.
The applicant can apply for this loan using SBI YONO application sitting at home in a paperless manner. There are some terms and conditions for taking the loan such as the applicant’s age should be between 21 years to 57 years to take a bike loan. Apart from this, the monthly income should be between ₹ 12000 to ₹ 15000.
How to take SBI Bike Loan
SBI bike loan can be availed by registering on the SBI Yono app from Google Play Store, to take this loan, some necessary details have to be filled, apart from this, you will have to verify online by entering your Aadhar card number and PAN card number, after that your CIBIL score. If you are eligible then you can take the bike loan in your bank account.
SBI Bank follows certain terms of condition for giving bike loan, only after that the applicant offers the loan to the individual. So let’s first know about SBI Bank Bike Loan.
SBI Bike Loan Detail:
If you want to take a bike loan from SBI Bank, then you should know about the information given below:
|Bank Name||State Bank Of India (SBI)|
|Loan Type||Bike Loan, Two wheeler Loan|
|Loan Amount||₹ 20000 to 3 lakh rupees.|
|Applicant’s age||Between 21 years to 57 years|
|Loan Against Value||85% of the on-road price of the vehicle|
|Loan Process||Online, Offline|
How to Take A Motorcycle loan from SBI Bank?
To take a motorcycle loan from SBI Bank, first you have to go to your nearest bike agency and find out about all the information related to the loan there, after that you can go to your bank branch and then you can start the application process there. As soon as your loan is approved, after that you can go to your nearest motorcycle agency and buy the bike on installments, in this way you can easily take a motorcycle loan from SBI.
At present, SBI gives loan through many schemes for giving bike loan, about which we have told you below, so you must read SBI Bike Loan Scheme.
SBI Bike Loan Schemes
By taking a bike loan from SBI Bank, a loan can be taken under three schemes, here we have told about all those skins in detail, so you should know about all these schemes before taking a bike loan from SBI Bank.
Dufthia Loan Light
SBI Bank offers loan amount ranging from ₹ 20000 to ₹ 300000 under Two Wheeler Loan Lite, where 85% of the on-road price of the vehicle is provided by the bank to the applicant. Information about this scheme is given to us below.
|Name of Bank||SBI Bank|
|Scheme name||Dufthia Loan Light|
|Type of loan||Bike Loan, Two Wheeler Loan|
|Objective of the plan||Providing loan for Dufthia Loan Light|
|Applicant’s age||Between 21 years to 57 years|
|Loan amount||₹20000 to ₹300000|
|Interest rate||8.10% p.a.|
|Required Documents||Aadhar Card, Pan Card, Cancel Check SBI Bank Account etc. Others.|
|Application process for the scheme||online, offline|
SBI Dufthia Loan Light Required Documents
To take a loan under the SBI Two Wheeler Loan Lite scheme, some important documents will be required which are as follows:
- Bank statement of the applicant’s bank account for the last 6 months.
- Two passport size photographs of applicant and guarantor
- Verification of signatures from records of banks
- A photocopy of Aadhar card pan card voter id card etc.
- Address proof can be used for telephone bill, electricity bill, Aadhar card, PAN card, driving license, passport etc.
- For income proof, you can use the latest salary slip or TDS certificate, form16.
- If a person is doing his own business and he is doing it on tax to the Income Tax
- Department, then he will have to submit the Income Tax Return report for 2 years.
- There is no need for farmers to submit income tax return.
Some other required documents:
|Sr. No.||Required Documents|
|1||Bike loan application form|
|3||Pan card, 6 months bank statement|
|5||Bank account number|
Two wheelers can be applied for by submitting the above given documents to SBI Bank, apart from this the bank can demand documents according to its terms and conditions.
SBI Dufthia Loan Light Eligibility
There are some eligibility criteria for taking SBI two wheeler loan. If you are fulfilling the Ali Beti Criteria given below, then you can easily take this loan from your nearest bank.
- This loan has been specially launched by SBI Bank for its existing salary package customers.
- Salaried customers and new customers of the bank can avail this loan application
- To take the loan, the applicant person should be working in some work and his monthly income should be between 12000 to 15000.
- People associated with agricultural work can also apply for a loan.
- Applicant person should be an Indian citizen Age should be between 21 years to 57 years
- All necessary documents should be there.
- If you are following all the conditions mentioned above, then in such a situation, two wheeler loan Dufthia can be taken from SBI Bank.
SBI Dufthia Loan Light Interest Rate
The interest rate for availing SBI Two Wheeler Loan Light is 8.10% p.a. interest rate where some other charges are also included. The interest rate on the loan is decided only after checking other factors like applicant’s CIBIL score, monthly income, bank history etc. Therefore, before taking a loan, be sure to check the interest rate.
SBI Dufthia Loan Light Tenure
Two wheeler loan lite offered by SBI Bank can be availed for a period of 36 months to 48 months. While taking a bus loan, there is a condition that the applicant has to deposit this loan before the age of 60 years.
How To Apply SBI Dufthia Loan Light
You can apply for SBI Bank Two Wheeler Loan Lite by visiting your nearest bank where you will have to take all your necessary documents and then fill the application form there, after that all your information will be verified if you are looking for loan. If you are found eligible, then the loan amount is transferred to your bank account within 1 week.
Note: If you have money then do not apply for loan because here interest rate processing fee etc. is charged, if money is available then buy your bike in cash.
Friends, now we have told you about the first scheme of bike loan given by State Bank of India and we have given you detailed information about it, now we will tell you the second scheme offered by SBI Bank SBI Easy Ride Scheme. Will give information about this, so keep reading this article in this way.
SBI Easy Ride
SBI Bank keeps on giving various offers to its new and old customers. Recently SBI Bank has launched the facility of giving SBI EASY RIDE PRE-APPROVED TWO-WHEELER LOAN. Under this scheme, a loan of ₹ 20000 to ₹ 300000 is given to the applicant person to buy a bike. Apart from this, the interest rate here is to be paid at 10% annual interest rate. Let us know about this scheme in detail.
About SBI Easy Ride Scheme
|Scheme Name||SBI Easy Ride|
|Loan amount||₹20000 to ₹300000|
|Interest rate||10.05% p.a.|
|Required documents||Aadhar Card, Pan Card, Cancel Check SBI Bank Account etc. Others.|
|Application process for the scheme||online|
|Loan Apply||Apply Yono App|
SBI Easy Ride Loan Features
Under SBI Easy Ride scheme, SBI is offering loan on YONO application, if you become eligible for this loan then you get this loan easily. That’s like this.
- Under this scheme, the applicant can take a loan of ₹ 20000 to ₹ 300000.
- A period of 48 months is given for the loan tenure.
- The interest rate on the loan is to be paid at 10.05% per annum interest rate.
- You can apply for loan using SBI YONO application.
- The process of applying for this loan is paperless.
- You do not need to submit documents anywhere for the loan, the entire process is online.
- The loan can be availed in the bank account immediately after approval.
Now you can follow these steps given below to check your eligibility for SBI Easy Ride Loan.
First of all, from your mobile you will get a SMS to do SMS To do this, after writing PA2W, pay the last 4 number of your account and then send it to 567676, after which you will get the loan offer.
Please Note: “PA2W<space><last 4 digits of SBI Savings Bank Account No.>” to 567676.
Pre-approved loan offer SBI Bank offers only to some of its selected customers, if you are not eligible for this loan above, then you can choose the above option.
How To Apply SBI Easy Ride Loan
You can choose the steps given below to take SBI Easy Ride Loan, here we have got loan offer from SBI Bank then we are applying for this loan, if you also get loan offer then you can follow these steps :
Step1. First install SBI YONO App
Step 2. After that register with your mobile number.
Step 3. Now you will get SBI Easy ride 2 Wheeler loan offer on the home page of the app.
Step 4. After that click on Tap to Apply.
Step 5. After that click on Apply Now.
Step 6. After this submit your name by clicking on Date of Birth, Mobile Number, Aadhar Card Number, Permanent Address.
Step 7. After that enter your address details and submit.
Step 8. Now you will be asked some term and condition, after that click on the check box and click on Next.
Step 9. After this, other information like loan type, dealer name etc. has to be submitted.
Step 10. After this the loan amount is transferred to your account.
Step 11. Now you can buy your favorite two wheeler vehicle by visiting your nearest dealer.
Bike loan can be easily taken by following the above-mentioned steps, you get this loan under a pre-approved offer.
Super Bike Loan Scheme
Under the Super Bike Loan Scheme of State Bank of India, a loan of Rs.1.5 lakh to Rs.25 lakh can be taken here, the interest rate starts at 8% per annum. You can get an on-road margin of 15% of the value of the vehicle from SBI Bank. There are some terms of conditions which are very important to follow to take this loan.
SBI Bike Loan Interest Rate 2022
SBI bike loan interest rate is to be given from 8.05% to 15% annual interest rate. This loan application is given after checking one’s credit score, credit history and banking history. You can apply for the loan through the schemes offered by SBI Bank. Apart from this, online application can also be made.
SBI Two Wheeler loan EMI Calculator
If you are thinking of taking a two wheeler loan from SBI, then you should use the EMI calculator because through the EMI calculator, you can find out how much interest rate the loan is being given to you. You get to see all the information here about how much the amount will cost, for how long you are taking the loan, apart from this, you can also look for cheap loans with the help of EMI calculator.
SBI Bike Loan Customer Care Number
If you are facing any kind of problem while taking bike loan from SBI Bank, then you can get the solution of your problem by calling the toll free number given below. Apart from this, you can also find out about it by visiting your nearest bike agency.
Toll free number: 1800 1234 / 1800 11 2211 / 1800 425 3800 / 1800 2100 / 080-26599990
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SBI Bike Loan FAQ
Q1. What is SBI Two Wheeler Loan
SBI two wheeler loan is one in which you can take two wheeler vehicle like motorcycle cycle electrical vehicle in easy monthly installments.
Q2. How to Apply SBI Bike Loan?
SBI bike loan can be applied online, offline.
Q3. Can I get SBI bike loan?
Yes, if you are more than 21 years of age and you follow the terms of condition set by the bank, then you can take a loan.
Q4. Is there any processing fee to be paid on SBI bike loan?
Yes, you have to pay GST fee up to ₹ 1000 along with 2% processing fee on the loan amount.
In this article, we have given you information that how you can take SBI motorcycle loan. If you want to buy a new bike, then you can take a motorcycle loan from SBI Bank at very low interest rate. So in this case you should talk to SBI Customer Care.
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