Apply Now

AXIS BANK SUPER BIKE LOAN

AXIS Bank Super Bike Loan Details 

AXIS Bank was one of the few private banks to have begun operations in 1994, after the government of India allowed new private banks to be established . They have established 2400 branches and more than 12922 ATMs.

Nowadays everyone wants a vehicle in a house. Two wheelers are the most common and important for high, low, and middle-class peoples. Most people recommend two-wheelers rather than cars. Now, most of the work is only possible with two wheelers. Not only do most people buy bikes, scooters, and two wheelers for their desire and fun. As all the young generation is strictly addicted towards high speed bikes and fancy looking motorbikes or you can say sports bikes. Among the total percentage, 70% of the population have two wheelers.  Now the question arises here: hope everyone gets the two wheelers that easy, are they cheap in rates? The answer is simple there are many lenders who provide two wheelers loans so that everyone can buy it. 

Axis Bank Super Bike Loan explores the most flexible, quick and cost effective way to pwn your dream superbike. It is available or salaried and self employed individuals to avail this loan. Axis Bank offers a pre approved superbike loan option to certain existing Axis bank customers.

Benefits of AXIS Bank Super Bike Loan 

1. It provides affordable EMIs to suit your needs

2. Interest rate starts at 9.15% to 15.90% per annum

3. Quick disbursal

4. Loan amount starting from Rs.1 lakh 

5. Bank offers a pre approved superbike loan option to certain existing Axis bank customers

6. It is available or salaried and self employed individuals to avail this loan.

7. No prepayment charges allowed

8. Flexible tenure upto 5 years

9. Minimal Documentation

Fee and Charges of AXIS Bank Super Bike Loan

To apply for a super bike loan, you have to pay fees and charges applied by the AXIS Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from AXIS Bank i.e processing fee, late payments of EMIs, cheque dishonour charges, prepayment / foreclosure charges etc.

TYPE 

CHARGES

Processing Fee

Up to 8% of Loan Amount (LA)

Documentation Charges

Up to Rs 1500

Cheque Bounce/ EMI Return Charges

Rs 500/- Per Instance

Cheque / Instrument Swap Charges

Rs 500/- Per Instance

Duplicate Statement Issuance Charges

Rs 500/- Per Instance

Duplicate Amortization Schedule Charges

Rs 500/- Per Instance

Duplicate No Dues Certificate / NOC

Rs 500/- Per Instance

Penal Interest

2% pm

Pre Payment Charges

Not allowed

ForeClosure Charges

0-6 Months – Not Allowed

After 6 Months: 5% of Principal Outstanding

Part Payment charges

Not Allowed

Stamp Duty

At Actuals

Issuance of Credit Report

50/- Per Instance

PDD Collection Charges

Up to Rs. 500/-

Legal, Repossession or incidental charges

At Actuals

Loan Cancellation / Rebooking charges

Rs 2500/- Per instance

Issuance charge for photocopy of Loan Agreement / Documents

Rs 250/- Per instance

Eligibility Criteria for AXIS Bank Super Bike Loan

Before applying for a loan for superbike from AXIS Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the superbike loan application the salaried individuals and self employed individuals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

ELIGIBLE 

Salaried individuals and self employed individuals 

AGE 

For salaried = 21 years to 50 years

For self employed = 21 years to 60 years 

MINIMUM INCOME 

For salaried = Rs.4.8 lakh per year

For self employed = Rs.4 lakh per year

WORK EXPERIENCE 

For salaried = Minimum 1 year os experience

For self employed = Minimum 2 years in the same line of the business

Documents Required for AXIS Bank Super Bike Loan

Any applicant who is going to avail a loan for superbike from AXIS Bank must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

  1. Filled application form

  2. Proforma Invoice

  3. Passport size photograph

  4. Identity Proof 

  • For salaried individuals = PAN card, voter’s ID, passport, Driving license

  • For self employed individuals = PAN card, voter’s ID, passport, driving license

  1. Address Proof

  • For salaried individuals = Utility bills, passport, etc.

  • For self employed individuals = Utility bills, passport, etc.

  1. Income Proof

  • For salaried individuals = Salary slips, IT returns, bank statements

  • For self employed individuals = Bank statements, IT returns, audited financial statements

Compare other banks Super Bike Loan Interest Rates

BANKS 

INTEREST RATE 

AXIS Bank Super Bike Loan

9.15% to 15.90%

SBI Super Bike Loan 

Start at 10.65%

HDFC Bank Two Wheeler Loan 

Start at 11.83%

HDFC Bank Super Bike Loan

9.65% to 15%

YES Bank Bike Loan 

10% to 18%

ICICI Bank Two Wheeler Loan 

10% to 26%

IDBI Bank Two Wheeler Loan 

Start at 11.83%

Indusind Bank Two Wheeler Loan 

21% to 29%

Bank of Baroda Two Wheeler Loan 

Start at 11.50%

Bank of India Two Wheeler Loan 

7.75% to 8.35%

Punjab National Bank Two Wheeler Loan

Start at 10.70%

Other products of AXIS Bank 

1. AXIS Bank Education Loan

2. AXIS Bank Holiday Loan

3. AXIS Bank Home Loan

4. AXIS Bank Personal Loan 

How to Apply for AXIS Bank Super Bike Loan

There are two ways to apply for AXIS Bank Super Bike Loan :

1. Offline Method : By visiting the nearest bank branch 

2. Online Method 

  • Firstly visit lenders website or branch from which you want to get loan

  • Fill the application form and read all the term and conditions

  • Attach all required documents with an application form

  • After submitting form lenders will let you know that you eligible or not for the loan

AXIS Bank Super Bike Loan Customer Care

Contact number : 18604195555 / 18605005555

Email id : loans@axisbank.com

How to calculate EMI of AXIS Bank Super Bike Loan

The mathematical formula is used to calculating EMI of AXIS Bank Super Bike Loan

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P stands for the loan amount or principal, 

R is the interest rate per month and 

N is the number of monthly installments.

Financials products offered by Bank 

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

AXIS Bank Super Bike Loan Frequently Asked Questions 

1. What is the minimum loan amount of AXIS Bank Super Bike Loan?

The minimum loan amount of AXIS Bank Super Bike Loan starts from Rs.1 lakh.

2. How much interest rate is provided by AXIS Bank Super Bike Loan?

The interest rate provided by AXIS Bank Super Bike Loan starts at 9.15% to 15.90% per annum.

3. Who is eligible to take the AXIS Bank Super Bike Loan?

The salaried individuals and self employed individuals are eligible to take the AXIS Bank Super Bike Loan.

4. Is age an important factor to take a super bike loan from AXIS Bank?

Yes, age is an important factor to take a super bike loan from AXIS Bank. For salaried individuals the age is 21 years to 50 years and for self employed individuals the age is 21 years to 60 years.

5. How much processing fee is charged by AXIS Bank for a super bike loan?

The processing fee charged by AXIS Bank for a super bike loan is upto 8% of the loan amount.

6. Are there any prepayment charges allowed for superbike loans from AXIS Bank?

No charges are allowed for superbike loans from AXIS Bank.

Last Updated on : 31/Aug/2020

Know More About

Axis Bank Super Bike Loan

You're eligible for a Axis Bank Super Bike Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Two Wheeler Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Axis Bank Super Bike Loan Interest Rates

Updated on 25 Nov 2017

Axis Bank Super Bike Loan Details
Interest Rate (Monthly reducing balance) 9.15% - 15.9%
Processing Fees Up to 8% of Loan Amount
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Two Wheeler Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959