What is the interest rate on student two-wheeler loans?

The interest rate applicable on student two-wheeler loans depends on several factors and typically between 9 to 12%. However, it varies widely across different lending institutions and applicants.

Key aspects that impact the rate offered include the lending institution, the credit profile and income stability of the co-applicant, loan amount, loan tenure, and employed status of the co-applicant.

Each lending institution will have its own interest rate policy and provide rates on a case-by-case basis after evaluating the applicant's and co-applicant’s credentials. The stronger the co-applicant's creditworthiness and income reliability, the more favourable the interest rate offered is likely to be.

Students should compare options across banks, Non-Banking Financial Companies (NBFCs) and fintech lenders to identify the most appropriate rate based on their co-applicant's profile and loan eligibility.