This Article is based on ICICI Bank Bike Loans / Two Wheeler Bike Loan. ICICI Bank is the best loan bank for a two-wheeler, Bike loan &other loans services like ICICI Home Loan, ICICI Car Loan, ICICI Business Loan, ICICI Credit Card Loan, ICICI Instant loan, & ICICI Personal Loans.
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ICICI Bank Bike Loans | Two-wheeler Loan |
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| 1 | ICICI Bank Bike Loan Interest Rate – Starting 10.50% p.a |
| 2 | Processing fee – Up to 2.5% of the Loan Amount |
| 3 | Loan Amount – 100% Price of the Bike |
About Two Wheeler Loan scheme
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Every poor middle class has a Dream to buy a Bike or Scooty But they can not do it for their financial problems. To solve this problem Banks are also coming here by their Loan Scheme.
Like Car loans, Business loans, Home loans, Banks are providing Bike Loans with attractive interest rates. In fact, Banks are providing 100% Price of the Bike.
ICICI Bank offers Loan on Two Wheeler or Bike Loan
ICICI Bank offers instant two-wheeler approval, a two-wheeler offer specifically approved for our existing customers. You can get a pre-approved two-wheeler loan through ICICI Bank Internet Banking and create your two-wheeler loan approval letter with just a few clicks.
ICICI Bank Bike Loan – How to apply online?
- Open ICICI Bank official Website.
- The Go-to Loan Section, and Click on Two-Wheeler Loan under Car Loan Section.
- After opening the Two Wheeler Loan webpage, Click on Apply Now.
- Then You have to log in with your registered Mobile Numer for further application Process.
Pre-approved Bike loan offer in ICICI Bank
ICICI Bank Two-Wheeler is also offered to selected customers only. Eligibility depends on your credit history and past loan repayment cycle. With the pre-approved offer, you can get up to 100% money for the two-wheeler of your choice and get a loan at an attractive interest rate and special processing fee.
What is the Eligibility for a Bike Loan in ICICI Bank?
- Applicants must be at least 21 years of age or older and have a maximum age of 65 years.
- You can get up to 100% financing on the on-road price of the bike.
- The applicant must be a salaried or self-employed person and must have worked for at least 1 year and reside in the current residence for 1 year.
- The loan amount is paid within a maximum of 48 months.
- A maximum of 2.5% of the processing fee will be charged as a processing fee.
How to apply for a Bike Loan in ICICI Bank?
You can apply for a Bike Loan in ICICI Bank in three ways:
- By SMS: Send an SMS to 5676766 with ‘TW’ in the text
- By Mobile App: Login to ICICI Bank’s iMobile App to check eligibility and offer for your pre-approved loan
- By Visiting Branch: Visit your nearest branch office and contact the bank directly.
My recommendation is an offline mode or Visiting Branch Office. Because here you can clear all of your Doubts regarding the loan easily.
What is Interest Rate on Two Wheeler Loan in ICICI Bank?
The interest rate of the Two Wheeler or Bike Bank Loan in ICICI Bank is starting from 10.50% per annum. But, this is not an exact percentage ratio. The interest rate depends on the Credit Scorer and Portfolio of Loan Applicants.
What are the documents required for a Bike Loan in ICICI Bank?
Here are the following documents you need to attach with Two Wheeler or Bike Loan application in ICICI Bank:
For Salaried Person:
- Application form
- Identity Proof (Aadhaar Card/Voter ID Card/ Driving Licence)
- Address Proof(Voter ID Card/Aadhaar Card/Electricity Bill/Passport/ Driving Licence)
- Age Proof
- Photographs
- Bank Statements
- Signature Verification
- Latest Salary Slip / Form 16
- Employment Stability Proof
For Self-Employed Professional:
- Application form
- Identity Proof (Aadhaar Card/Voter ID Card/ Driving Licence)
- Address Proof(Voter ID Card/Aadhaar Card/Electricity Bill/Passport/ Driving Licence)
- Age Proof
- Photographs
- Bank Statements
- Signature Verification
- Last 2 Financial years Income Tax Return File
- Ownership proof/Business Stability proof
ICICI Bank Two Wheeler Loan – Features & benefits
- Application Process is on Digital Method
- Instant Sanction Letter
- Easy and Minimal Documentation
- Specialized processing
- Bike up to 100% financing for ICICI Bank customers
- Pre-approved two-wheeler loan of Rs. 1500 / – for ICICI Bank customers
other offers: Car Loan | Bike Loan | Gold loan | Personal Loan | Home Loan
Content Reference: Official Website ICICI Bank