Two Wheeler Loan


Two Wheeler Loan

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%

Note:

  • 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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