Two Wheeler Loan best-interset rates: Saturday is the festival of Diwali. Many people bring new things home on this occasion. Many people buy new two-wheelers such as scooters, bikes for themselves on Diwali. In this, banks also help by giving them loans. If you too are thinking of buying a scooter, bike and need a loan for it, then you can take a loan from a big bank. SBI, PNB, HDFC Bank, ICICI Bank etc. are offering many big bank loans. Let us know the interest charged on these loans.
State Bank of India (SBI)
Two-Wheeler Loans – 16.05% pa (9.05% more than 1 year MCLR)
Super Bike Loan Scheme – 10.25% pa (3.25% more than 1 year MCLR)
Punjab National Bank (PNB)
For Salary Person- 9.55% per annum (2.75% more than RLLR)
Apart from the person getting salary, such as businessman -10.05 per cent per annum (3.25 per cent more than RLLR)
PNB Power Ride Scheme (Two-Wheeler Loan for Women) – 8.70% pa (1.90% higher than RLLR)
Two Wheeler Loan – 20.90% pa
Super bike loan – 11.99 percent annually
The rate of interest on a two wheeler loan in Axis Bank is minimum 10.80 percent and maximum 28.30 percent annually.
The interest rate on two-wheeler loans for women ranges from 10 percent to 13.90 percent annually. For other customers, the interest rate on two-wheeler loans ranges from 10.05 percent to 13.90 percent annually.
Union Bank of India
CIBIL score over 700- 9.90 percent annually
CIBIL score below 700 – 10.00 percent annually
(Note: All this information is taken from the website of the respective banks.)