Axis Bank Two Wheeler Loan

A two-wheeler is still a dream for many individuals because the scarcity of funds is a restriction for them to buy a two-wheeler. Either they borrow money from their friends or relatives to buy a two-wheeler. But you can also take a loan from the lending institutions to buy a two-wheeler. Here you can explore the details of the Axis Bank Two Wheeler Loan that is available at a starting interest rate of 10.80% per annum. On the other hand, you will get a maximum tenure of 48 months to repay the loan. The bank will finance 100% of the on-road price of your vehicle. So, even if you fall short of funds, you can afford a two-wheeler. Let’s explore all the details of the loan.

Axis Two Wheeler Loan Interest Rate and Other Details

Minimum Interest Rate for Two Wheeler10.80% Per Annum
Maximum Interest Rate for Two Wheeler28.30% Per Annum
Loan TenureA Maximum of up to 48 Months
Minimum Loan Amount₹20000
Loan AmountProvides 100% Finance for the Two Wheeler
Margin RequiredNo Down Payment is Needed if you are eligible for the loan.
Processing Fees for Two WheelerUp to 8% of the Loan Amount

Axis Bike and Scooter Loan Fees and Other Charges

Documentation ChargesUp to ₹1500
Penal Interest2%
Pre-Payment ChargesNot Allowed
Stamp DutyActual
Fore Closure Charges- Not allowed during 0-6 Months
- 5% of the Principal Amount After 6 Months
Swap Charges₹500 Per Transaction
Cheque Bounce Charges₹500 Per Transaction
Amortization Schedule Charges₹500 Per Schedule
Duplicate Statement Issue Charges₹500 Per Statement
Re validation of NOC Charges₹500 Per NOC
PDD Collection ChargesUp to ₹500
Loan Cancellation / Re-booking charges ₹2500 per cancellation
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Axis Bank Two Wheeler Loan Eligibility Criteria

The eligibility criterion for self-employed and salaried individuals is different from each other. So, if you are taking a bike loan then you must be aware of both the criteria for the loan.


  • 21 Years is the minimum age of entry.
  • 60 years is the maximum age of entry.
  • ₹1.44 Lacs must be the minimum annual income.
  • An individual should have a minimum experience of 1 year.
  • Axis Bank will ask for the 3 months bank statement of the individual.


  • 21 Years is the minimum age of entry.
  • 65 years is the maximum age of entry.
  • ₹2.5 Lacs must be the minimum annual income.
  • An individual should be in the same line of business for at least 1 year.
  • Axis Bank will ask for the 3 months bank statement of the individual.

Documents Required for the Axis Bank Two Wheeler Loan

You must go through the documents that will be asked by the bank if you are applying for the Two Wheeler Loan. The documents might differ depending upon the employment status. So, you must explore all the documents.

Office or Business Proof

  • Telephone Bill
  • Electricity Bill
  • Shop & Establishment act Certificate
  • SSI or MSME Registration Certificate
  • Sales Tax or VAT Certificate
  • Current A/c Statement
  • Regd. Lease with other Utility Bills

Income Proof

  • Latest Salary Slips
  • Latest Form 16
  • Last ITR

Age Proof

  • Passport
  • Driving License
  • Birth Certificate
  • Pan Card

Calculation of EMI before Applying for the Bike Loan

It is really necessary to know the EMI before you apply for any loan. It helps you to determine the monthly expenses that you will have to pay once you take the loan. You must make use of the Two Wheeler Loan EMI Calculator in order to know the exact EMI on the loan at a specific interest rate and for a given tenure.

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Axis Two Wheeler Loan Customer Care Number

If you want to know the details of the two-wheeler loan then you can call on the customer care number of Axis Bank. The executive will share all the details of the loan with you and the toll-free numbers are:-

  • 1860-419-5555
  • 1860-500-5555

Payment for the Two Wheeler Loan from the Axis Bank

You will have to decide a certain date at the time of loan disbursal on which the bank will deduct the EMI automatically. The bank will remind you about the scheduled EMI before the deduction every month. Make sure that you maintain the required balance in your account at the time of deduction.

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