Apply for Super Bike Loan Scheme Online in India | SBI - Personal Banking
Super Bike Loan Scheme
Features
- Name of the Scheme: SUPER BIKE LOAN SCHEME
- Margin Required: Minimum 15% of On-road price of the Vehicle
- Age of Customer: Age of the applicant should be between 21-57 years.
- Repayment Tenure: Maximum up to 4 Years
- Salaried/Pensioners: Net Annual Income of applicant and/or co-applicant if any, together should be Rs 3.00 Lacs and above.
- Self-employed Professionals, Proprietor, Partner, and other IT assesses including businessmen & traders Net Profit or Gross Taxable income of ₹. 3.00 Lacs p.a. (income of co-applicant can be clubbed together for Self-employed, Professionals and Businessmen) as per ITR after adding back depreciation.
- Agriculturists: Net annual income of applicant and/or co applicant together to be Rs. 4 Lacs
- Minimum loan amount: Rs. 1.50 Lakhs
- Maximum Loan amount: Rs 25.00 Lakhs
- Interest Rate : Click here to view the interest rates
- Processing fee : Click here to view the Processing Fee
Eligibility
- Regular employees of State/Central Govt., Public Sector Undertakings, corporations, private sector companies, and reputed establishments.
- Professionals, Self-employed, Businessmen, proprietary/partnership firms and others who are income tax assesses.
- Persons engaged in agriculture and allied activities can also avail this scheme. Income Tax return is not required in case of agriculturists.
Last Updated On : Tuesday, 29-03-2022
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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Super Bike Loan Scheme
For Two Wheeler Loan from Rs 1.50 Lakhs to Rs 25.00 Lakhs
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above