ICICI Bank Two Wheeler Loan

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Attractive Rate of Interest
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Tenure Up to 48 Months
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About ICICI Bank Two Wheeler Loan

ICICI Bank Two Wheeler Loan Key Features

ICICI Two Wheeler Loan Interest Rate 11.83%* per annum
Min Loan Amount ₹ 10,000
Max Loan Amount
(Loan to Value)
Loan up to 90% of On Road Price
or 100% of Ex-showroom Price
Loan Tenure 1 year to 4 years
Lowest EMI / Lac ₹ 2,625
Minimum Net Monthly Income Salaried – ₹ 7,000, Self Employed – ₹ 6,000
Age Criteria 21 years to 65 years(At Loan Maturity)
Types of Vehicle For All New Two-Wheelers (Bikes, Superbikes, etc.)
Processing Fee Up to 3% of the Loan Amount.
Foreclosure Charges 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months)
Basic Documentation ID Proof, Address Proof, Bank Statement

About ICICI Bank Two Wheeler Loan

ICICI Bank Two Wheeler Loan has become a new normal for any individual to overcome his aspiration of getting a new bike at any cost with any kind of financial resources. ICICI Bank is here to provide help by providing you with a Two Wheeler Loan at Lower Interest Rates & Affordable EMIs

Advantages of ICICI Bank Two Wheeler Loan ICICI Bank Two Wheeler Loan

  1. Quick and moderate process
  2. Fast Dispersion of Loan Amount
  3. Conquer your dreams by choosing the Two Wheeler you love
  4. Attractive and affordable Rate of Interests
  5. Convenient Repayment and Prepayment Methods

ICICI Bank Two Wheeler Loan Eligibility

The user’s capacity to repay the loan amount is the most crucial factor in deciding whether he’ll be eligible or not for the ICICI two-wheeler loan. The following are the important conditions: 

  • The age of the applicant should be a minimum of 21 years and a maximum of 65 years to apply for the loan. 
  • Anyone having an average monthly income of Rs 7000 is eligible for the ICICI Two Wheeler Loan.
  • CIBIL Score also has a major impact on the users’ eligibility for the loan. Having a low cibil score may reduce the chances of the application being approved.

ICICI Bank Two Wheeler Loan Interest Rate, Fees and Charges

Interest Rate Starts at 11.83% p.a.
Processing Fee Up to 3% of the loan amount (maximum)
Prepayment Charges From 3% to 10% of the outstanding principal
Pre-payment charges Within 4 to 6 months – 10% of principal outstanding
Within 7 to 12 months – 6% of principal outstanding
13-24 months – 5% of principal outstanding
Post 24 months – 3% of principal outstanding
Prepayment is not allowed within three months of EMI repayment

ICICI Bank Two Wheeler Loan Documents Required

1. Salaried Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Compulsory Documents PAN Card
Bank Statement Bank statement of last 3 months

2. Self-Employed Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Required Documents PAN Card
Bank Statement Bank statement of last 3 months

ICICI Bank Two Wheeler Loan EMI Calculator

The applicant has the option to learn the EMI’s before applying for ICICI Two Wheeler Loan. Users can therefore quickly confirm through the link below

Two Wheeler Loan EMI Calculator

ICICI Bank Two Wheeler Loan Types

ICICI Bank offers various types of loans to its customers and they’ll have the option of choosing the loan according to their needs.  We have mentioned two choices:

  1. Two Wheeler mortgage –
    If you want to buy a new two-wheeler and want to finance it, then ICICI bank would have the best offer for you.
    You will use this loan at an affordable interest rate of 12%.
  2. Super Bike Two Wheeler Loan – If you’re planning to buy a Superbike and are looking for funds, then this is the best deal available for you at an attractive interest rate of 11.83%.

ICICI Bank Two Wheeler Loan Pre Calculated EMI

Rate 4 yrs 3 yrs 2 yrs 1 yr
11.83% 2625 3313 4699 8876
12.00% 2633 3321 4707 8884
12.50% 2658 3345 4730 8908
13.00% 2682 3369 4754 8931
13.50% 2707 3393 4777 8955
14.00% 2732 3417 4801 8978
14.50% 2757 3442 4824 9002
15.00% 2783 3466 4848 9025
15.50% 2808 3491 4872 9049
16.00% 2834 3515 4896 9073
16.50% 2859 3540 4920 9096
17.00% 2885 3565 4944 9120

How to Apply for ICICI Two Wheeler Loan

You can apply for ICICI Bank Two Wheeler Loan online by visiting Dialabank’s digital platform and then : 

  1. Fill the basic Application Form for Two Wheeler Loan
  2. Our Relationship Manager will get in touch with you.
  3. Get exclusive assistance and choose the most suitable offer based on your needs. 
  4. Enjoy your Two Wheeler.

ICICI Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from ICICI Bank 

ICICI Personal Loan ICICI Gold Loan ICICI Home Loan
ICICI Credit Card ICICI Car Loan ICICI Education Loan

FAQs for ICICI Bank Two Wheeler Loan

✅ What is ICICI Bank Two Wheeler Loan?

ICICI Bank Two Wheeler Loan is an instant loan offered by ICICI Bank to eligible customers who are looking to finance their vehicle. Customers can get up to 100% finance on their two-wheeler and can get the loan at affordable interest rates.  

✅ How can I get a Two Wheeler Loan from ICICI Bank? 

To avail a Two Wheeler Loan from ICICI Bank, you can visit us at Dialabank and we will assist you with every detail in the loan process.

✅ How does ICICI Bank Two Wheeler Loan work?

Customers need to visit the ICICI Bank website and apply for the loan. The application will be responded within a day, the customer then will be asked to submit their documents and soon their loan will be approved or rejected based on their profile. 

✅ What is the Two Wheeler Loan interest rate in ICICI Bank?

Interest rates in ICICI Bank Two Wheeler Loan start from 10.50% and can go up to 26%. Other charges like processing fee, registration charges, stamp duty, etc are also included.

✅ How to check Two Wheeler Loan status in ICICI Bank?

There are multiple options through which customers can check their loan status.

  • Visiting the Bank’s Branch Office.
  • Online status check on the Bank’s website
  • Contacting customer care.

✅ How to calculate Two Wheeler Loan interest in ICICI Bank?

To calculate your interest rate for ICICI Bank Two Wheeler Loan visit Dialabank.

✅ What is the maximum loan amount I can avail on Two Wheeler Loan from ICICI Bank?

The maximum loan offered by ICICI Bank for the Two Wheeler Loan is Rs 2 Lakh.

✅ What is the Loan tenure of ICICI Bank Two Wheeler Loan?

Minimum – 12 Months.

Maximum – 60 Months.

✅ Can I get 100% Two Wheeler Loan from ICICI Bank?

You can get a loan up to 100% of the Ex-showroom price of the vehicle. However, after including the other charges this may go down to 90%.

✅ How much processing fee is applicable on ICICI Bank Two Wheeler Loan?

Processing Fee applied is 2.5% of the Loan Amount or a maximum of RS 2500. For Super Bikes the fee goes down to 1% of the loan amount or RS 5000 maximum.

✅ What are the EMI options available on ICICI Bank Two Wheeler Loan?

ICICI Bank provides the customers with the facility to pay EMIs through a debit card. Customers can pay the EMIs through internet banking or directly on the Bank’s website.

✅ What are the charges for Prepayment in ICICI Bank Two Wheeler Loan?

Partial prepayment option is not available. However, for full prepayment, 5% of the principal outstanding amount is charged or the interest outstanding for the unexpired period of the loan (whichever is lower).

✅ Can I get a top-up loan on my existing ICICI Bank Two Wheeler Loan?

Yes, you can get a new loan on your existing Two wheeler loan. The EMIs will be calculated according to the total amount of both the loans. You can also choose to keep the EMIs separate.

✅ Do I need to provide a guarantor to avail a Two Wheeler Loan from ICICI Bank?

No, a guarantor is not required for a Two Wheeler Loan.

✅ How to get ICICI Two Wheeler Loan Statement?

You can get the loan statement on ICICI Bank’s website or mobile application. You can also visit the nearest branch of the bank or can contact the customer care.

✅ How to Pay ICICI Bank Two Wheeler Loan Interest Online?

Customers can pay the interest rate through their debit card on the ICICI Bank website. You need to log in from your account, enter the details and pay through your card.

✅ What if I can’t pay the interest on ICICI Two Wheeler Loan for 3 months?

You need to opt for a moratorium in case you are not able to pay interest for 3 months.

✅ How can I apply for EMI Moratorium on ICICI Two Wheeler Loan?

Customers can apply for the moratorium by contacting the Bank through SMS or e-mail. You may also visit ICICI Bank’s website and apply there.

✅ What is the number for ICICI Two Wheeler Loan agent?

You can contact Dialabank’s agents for assistance at 9878981166

✅ Can I close ICICI Two Wheeler Loan online?

You can close the ICICI Two Wheeler Loan through:

  1. Internet Banking on the bank’s website
  2. On mobile application (iMobile)

✅ What is ICICI Two Wheeler Loan Customer Care Number?

Dial the toll-free number 1800-2666 for all your queries.

✅ How can I get NOC from ICICI Bank for Two Wheeler Loan?

You can make a request for NOC for your two-wheeler loan through any of the following channels:

  • Internet Banking
  • Customer Care
  • ICICI Bank branch

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