SBI Two-Wheeler Loan EMI Calculator
Pick one of the 2 SBI two-wheeler loan schemes we read from the bank's own website, or type the rate you are offered, to see the EMI, total interest and repayment schedule.
Official Rate Formula & Benchmark:
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with P the loan amount and r the monthly rate.
Current official starting rate: 11.85% p.a. (Range: 11.85% – 15.85% p.a.). Read from SBI's own website; your rate depends on your profile.
A ₹1,00,000 loan at 11.85% over 3 years has an EMI of ₹3,314, and costs ₹19,316 in total interest.
Picking a lender fills in its lowest published figure for that scheme. Your rate depends on your profile, course or vehicle, and can be higher. Compare all bike loan rates
State Bank of India · Public sector bank
SBI Two-Wheeler Loan (fixed)
11.85%–15.85% (the calculator uses the lower figure)
Processing fee: 3.00 % of Loan Amount + GST (50% Waiver for Salary Package Customers)
Effective: Not stated (page 'Last Updated On: Thursday, 15-10-2026') · Last verified 21 Oct 2026 · Lender’s rate page
Monthly EMI
₹3,314
for 3 years
Principal
₹1,00,000
Total interest
₹19,316
Total payment
₹1,19,316
Principal vs interest
- Principal
- 83.8%
- ₹1,00,000
- Total interest
- 16.2%
- ₹19,316
Compare tenures
| Tenure | EMI | Total interest | Total payment |
|---|---|---|---|
| 1 year | ₹8,878 | ₹6,534 | ₹1,06,534 |
| 2 years | ₹4,700 | ₹12,809 | ₹1,12,809 |
| 3 years | ₹3,314 | ₹19,316 | ₹1,19,316 |
| 4 years | ₹2,626 | ₹26,050 | ₹1,26,050 |
| 5 years | ₹2,217 | ₹33,010 | ₹1,33,010 |
Amortisation Schedule
How each instalment splits between interest and principal over time.
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Monthly EMI
₹3,314
SBI two-wheeler loan schemes
2 schemes, each read from SBI's own website. Pick any of them in the calculator above.
SBI Two-Wheeler Loan (fixed)
11.85% – 15.85%
- Benchmark
- 1-year MCLR 8.85% (fixed rate)
- Processing fee
- 3.00 % of Loan Amount + GST (50% Waiver for Salary Package Customers)
- Effective
- Not stated (page 'Last Updated On: Thursday, 15-10-2026')
- Source
- SBI's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
0.50% concession for electric two-wheelers on this range; no separate EV figure is published. The processing-fees page still carries an older copy of the rate table (11.70%-15.70%); the auto-loans page (updated 15-10-2026) is used.
Super Bike Loan
12.7% – 14.7%
Only for super bikesSuper / premium bikes
- Benchmark
- 1-year MCLR 8.85% (fixed rate)
- Processing fee
- HIGH VALUE SUPER BIKE LOAN: 2.00 % of Loan Amount + GST, Maximum PF ₹ 10,000/ + GST
- Effective
- Not stated (page last updated 15-10-2026)
- Source
- SBI's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
The rate you are offered depends on the bank's assessment and can be higher than the starting rate. Compare bike loan rates across lenders →
SBI two-wheeler loan rates
Verified on 21 October 2026 from SBI's site ↗
- Starting from
- 11.85% p.a.
- Published range
- 11.85% – 15.85%
- Processing fee
- 3.00 % of Loan Amount + GST (50% Waiver for Salary Package Customers)
The rate you are offered depends on your credit score, income and employer and can be higher than the starting rate. RBI rules do not allow foreclosure or part-prepayment charges on floating-rate loans to individuals (other than for business purposes).
How SBI compares
SBI's two-wheeler loan starting rate of 11.85% is the 10th lowest of 17 banks with a verified rate. The lowest is Indian Bank at 8.9%, and the median is 11.45%.
- SBI
- ₹3,314
- Indian Bank
- ₹3,175
- Median bank
- ₹3,295
Monthly EMI on ₹1,00,000 on a 3-year loan, at each bank's starting rate. Your own rate depends on the bank's assessment.
Rate Verification & Official Notice
11.85% p.a.
11.85% – 15.85% p.a.
3.00 % of Loan Amount + GST (50% Waiver for Salary Package Customers)
Applicable Conditions & Eligibility Factors:
- The starting rate is the lowest the bank publishes; your rate depends on credit score, income and employer
Source: SBI two-wheeler loan rates (official)
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Choose a SBI scheme: its rate, processing fee, effective date and source fill in.
- 2Enter the loan amount (the on-road price less your down payment) and the tenure.
- 3The EMI is a reducing-balance figure; the schedule shows principal and interest month by month.
Key Factors Influencing Your Rate
- •Super and premium bikes are priced as a separate scheme.
- •Some SBI rates come with conditions (only for super bikes); they are tagged in the table, and the calculator starts on a rate open to all.
- •Your credit score, income and the bike's on-road price decide where in the range you land.
Worked Numerical Example: SBI Two-Wheeler Loan EMI Calculator
For a ₹1,00,000 loan at the starting rate of 11.85% a year for 3 years (36 months), the EMI is ₹3,314, with total interest of ₹19,316.
Frequently Asked Questions: SBI Two-Wheeler Loan EMI Calculator
- What is SBI's two-wheeler loan interest rate?
- SBI publishes two-wheeler loan rates starting from 11.85% a year (up to 15.85%), checked on 21 October 2026. The rate you are offered depends on your credit score, income and employer. Processing fee, in the bank's words: 3.00 % of Loan Amount + GST (50% Waiver for Salary Package Customers)
- Which SBI two-wheeler loan schemes does this calculator cover?
- SBI Two-Wheeler Loan (fixed); Super Bike Loan. Each rate was read from SBI's own website; the table lists the source, effective date and date checked.
- Is SBI's processing fee included in the EMI?
- No, a SBI loan EMI covers principal and interest only. SBI's processing fee, in the bank's own words, is listed against each scheme in the scheme table; it is usually paid upfront or deducted from the amount disbursed.
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