ICICI Bank Instant Two-Wheeler Loan offers paperless and digital sanction letter from 80% to 100% of the On-Road price of the bike of your choice at a competitive price.
Minimum Income of 20k Range of Interest rates for Two wheeler loans
Two Wheeler Loan Min: 10.00% Max: 26.15% Mean: 21.99%
- The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter 3 - FY:2019-20.
- It includes fixed rate of interest and is based on factors such as customer relationship, asset segment, tenure of loan etc.
- It excludes subsidy and government schemes.
- Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts. Annual Percentage Rate
- The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan origination fee.
*Indicative Rate of interest starts from 10% and goes to 26% in certain cases
”Indicative fiiate of interest starts from 10% and goes to 25% in certain cases.
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