Two Wheeler Loan Lowest Interest Rate 2024

Two wheeler Loan in India Starting at 10.15% as on 23 Apr 2024, is called the vehicle of a common man. Now-a-days owning a two wheeler has become very easy with the help of Two-Wheeler Loan which makes it possible to purchase a two-wheeler of your own choice and pay back the loan in easy monthly instalments and reduces your burden of a one-time payment.

Two Wheeler Loan at lower Interest Rate 23 Apr 2024

BankInterest RateTenure
Laxmi Vilas Bank10.15%Max. 60 Months
Allahabad Bank10.15% to 11.65%Max. 60 Months
Indian Bank10.15% to 11.65%Max. 60 Months
Icici Bank Limited10.25% to 26.10%Max. 5 Years
Indian Overseas Bank11.00%Max. 72 Months
Dcb Bank Limited11.01% to 11.14%Max. 36 Months
Central Bank Of India11.35% to 12.15%Max. 60 Months
Canara Bank11.35% to 16.25%Max. 60 Months
Syndicate Bank11.35% to 16.25%Max. 60 Months
Karur Vysya Bank11.45% to 15.95%Max. 60 Months
Karnataka Bank Limited11.68%Max. 60 Months
Bank Of India11% to 11.10%Max. 60 Months
The Nainital Bank Limited12.00%Max. 60 Months
Punjab And Sind Bank12.30% to 13.50%Max. 36 Months
Bank Of Maharashtra12.45% to 15.30%Max. 60 Months
Dhanalakshmi Bank12.50% to 13%Max. 5 Years
State Bank Of India13.00% to 14.50% (0.50% Concession available for EV)Max. 36 Months
Bharatiya Mahila Bank Limited13.00% to 14.50% (0.50% Concession available for EV)Max. 36 Months
State Bank Of Mysore13.00% to 14.50% (0.50% Concession available for EV)Max. 36 Months
State Bank Of Hyderabad13.00% to 14.50% (0.50% Concession available for EV)Max. 36 Months
State Bank Of Patiala13.00% to 14.50% (0.50% Concession available for EV)Max. 36 Months
State Bank Of Travancore13.00% to 14.50% (0.50% Concession available for EV)Max. 36 Months
State Bank Of Bikaner And Jaipur13.00% to 14.50% (0.50% Concession available for EV)Max. 36 Months
Uco Bank13.10% to 14.10%Max. 48 Months
Tamilnad Mercantile Bank Limited15.05%Max. 35 Months

A Home loan in India is offered by several banks at a lower interest rate starting at 10.15% as on 23 Apr 2024. These loans allow you to repay them in maximum of 5 Years. Banks offer the best Home loan schemes and you can repay the loan through easy EMIs.

Two Wheeler Loan has made your ride easier. Now you can minimize your dependency on public transport. Banks offer the best Two Wheeler loan schemes and you can repay the loan through ECS, Standing Instructions or post-dated cheques with easy EMIs.

How to Choose Right Lender for Two-Wheeler Loan?

There are many lenders available in the market which offer two-wheeler loan. It is suggested that before applying for a two-wheeler loan, you should do the homework of research of right lender properly. With the help of points mentioned below, you can choose right lender for two-wheeler loan:

  1. Compare Interest Rate offered for Two-Wheeler Loan. You can take help of lender's website or loan aggregators. Further, the interest rate differs based upon your income, market variations and the price of two-wheeler
  2. Enquire other kinds of Fees & Charges such as processing fee, insurance charges, etc. involved in Two-Wheeler Loan
  3. Check whether you can get required loan amount from the lender. This can be checked through loan eligibility calculator
  4. Ask Turnaround Time. This will tell you how quickly can you get the loan
  5. What is the Loan Repayment Tenure provided by the Lender?
  6. Whether there are any charges/ penalty, if you make Pre-payment of your Two-Wheeler Loan
  7. How is the Customer Service provided by the lender?
  8. Read all the terms and conditions mentioned in the loan agreement very carefully. This is very important step and in case of any dispute, this document is referred to to resolve the dispute