By continuing, you agree to the <a href="/terms-and-conditions" target="_blank">Terms and Conditions</a> of Shriram Finance and authorize our representatives to Call/Email/SMS/WhatsApp you regarding your application. Digital Fixed Deposit booking is applicable for Resident Indians Only.
Apply Now
By continuing, you agree to the <a href="/terms-and-conditions" target="_blank">Terms and Conditions</a> of Shriram Finance and authorize our representatives to Call/Email/SMS/WhatsApp you regarding your application. Digital Fixed Deposit booking is applicable for Resident Indians Only.
Apply Now
By continuing, you agree to the <a href="/terms-and-conditions" target="_blank">Terms and Conditions</a> of Shriram Finance and authorize our representatives to Call/Email/SMS/WhatsApp you regarding your application. Digital Fixed Deposit booking is applicable for Resident Indians Only.
Apply Now
I/We hereby furnish my consent to SFL to share and/or fetch any of my/our information.
Apply Now
By continuing, you agree to the <a href="/terms-and-conditions" target="_blank">Terms and Conditions</a> of Shriram Finance and authorize our representatives to Call/Email/SMS/WhatsApp you regarding your application. Digital Fixed Deposit booking is applicable for Resident Indians Only.
Apply Now
By continuing, you agree to the <a href="/terms-and-conditions" target="_blank">Terms and Conditions</a> of Shriram Finance and authorize our representatives to Call/Email/SMS/WhatsApp you regarding your application. Digital Fixed Deposit booking is applicable for Resident Indians Only.
Apply Now
I/We hereby furnish my consent to SFL to share and/or fetch any of my/our information.
Apply Now
Achieve Your Financial Goals
Product
Select the Product
Mobile Number
Pincode
Name
Monthly Instalment Amount
Are you an Indian Resident?
Employment Type
Yes
No
Salaried
Self-Employed Business
Self-Employed Professional
Doctor
Chartered Accountant
Architect
Engineer
Are You Being Assisted
Do you have business registration proof?
Is your business GST registered?
Partner Code
Partner Name
Sub Partner Code
Verify
Edit
Please select a product
Mobile number is required
Please enter a valid 10-digit mobile number
We are working to upgrade your experience. Regret any inconvenience caused.
Pincode is required
Please enter a valid 6-digit pincode
Invalid Pincode
Name is required
Name should be minimum 3 characters
Indian Resident is required
Employment Type is required
Kindly Enter the Monthly Installment Amount
Please enter a valid amount
Amount should be in multiples of 500
Looks like you have exhausted 3 times limit for OTP verification. Please try again after 15 mins.
Apply Now
Verification
Please enter the OTP code sent to your mobile number
Verify
Didn't receive OTP? Resend OTP
Resend OTP via WhatsApp
Resend OTP via Phone Call
Resend OTP via SMS
WhatsApp should be available in registered mobile number.
Call will not be initiated for DND registered mobile numbers.
Invalid OTP. Please enter the correct OTP
OTP has been expired. Please resend OTP and proceed.
Non Resident Indian
We're here for you! Visit us at your nearest branch or call us at 1800-103-4959. If you are outside India, kindly email us at <a class="resident-link" href="mailto:customersupport@shriramfinance.in">customersupport@shriramfinance.in</a>
Toll Free No
Our Personal loan is currently available for salaried individuals. We offer Business Loan for Self employed like yourself.
Our Personal loan is currently available for salaried individuals. We offer Business Loan for Self employed like yourself.
Apply for Business Loan
Fixed Investment Plan
Fixed Deposit
Personal Loan
Two Wheeler Loan
Gold Loan
Business Loan
Used Car Loan
Please enter the monthly installment amount for your FIP. Please note that the amount should be in multiples of Rs.500.
or
Resume Now
true
false
Interest & Charges
Two-wheeler Loan Interest Rates and Charges
Understanding the two-wheeler loan interest rates and charges before applying helps you evaluate the total cost of borrowing accurately. All rates, fees, and two-wheeler loan charges at Shriram Finance are disclosed upfront so you can plan your repayments with clarity. The applicable interest rate, processing fee, and foreclosure charges are listed in the table below.
Shriram Two-wheeler Loan Interest Rates
The applicable two-wheeler loan interest rates and charges are listed in the table below.
-
Type of Fees
- Rate of Interest
- Processing Fees
- Foreclosure Charges
-
Applicable Charges
- Starting from 10%* p.a.
- Up to 5%* of the loan amount
- Up to 4%* of the outstanding principal (The customer cannot foreclose within 12 months from the date of the first EMI. An additional 2% will be applied if the loan is transferred to another lender.)
*Interest rates and charges are subject to change based on loan tenure, market conditions, and other factors. Please refer to the Interest Rates and Charges document for the latest information.
Tips to Get a Two-wheeler Loan at Low Interest Rates
The following steps may help you work towards a lower bike loan interest per annum when you apply.
- Maintain a Healthy Credit Score: A credit score above 750 generally signals lower credit risk to a lender. Review your credit report periodically, resolve any errors promptly, and keep existing repayments on schedule to maintain a strong credit profile that may positively influence the two-wheeler loan interest rate you are offered.
- Choose a Shorter Loan Tenure: A shorter repayment tenure may attract a lower bike loan interest per annum. Your monthly instalment will be higher, but the total interest paid over the loan period is reduced — making shorter tenures more cost-efficient overall.
- Maintain a Stable Income: Consistent employment and a verifiable income history demonstrate reliable repayment capacity. A stable income profile may improve the two-wheeler loan interest rate offered to you at the time of assessment.
- Request a Rate Review: If you have a strong credit history and a low DTI ratio, you may request a review of the interest rate as part of your application. Shriram Finance assesses each application based on the applicant profile and applicable policies.
- Increase the Down Payment: A larger down payment reduces the principal loan amount, which lowers the lender's exposure. This may improve your eligibility for a more favourable two-wheeler loan interest rate. Use the EMI calculator to see how a higher down payment affects your monthly instalment.
What Factors Affect the Two-wheeler Loan Interest Rate?
Several factors influence the bike loan interest per annum you are offered. Understanding them helps you prepare a stronger application.
Credit Score
A higher credit score signals lower repayment risk and may result in a lower two-wheeler loan interest rate.
Loan Amount
The interest rate offered may vary depending on the loan amount applied for, as per Shriram Finance's applicable credit assessment policies.
Repayment Tenure
Shorter loan tenures generally attract lower interest rates, while longer tenures may carry a marginally higher rate due to extended lender exposure.
Down Payment
A larger down payment reduces the principal amount and the lender's risk, which may result in a more favourable two-wheeler loan interest rate.
Income and Employment Stability
A steady income and consistent employment history demonstrate reliable repayment behaviour and may positively influence the rate you are offered.
Things to Consider Other than the Interest Rate
The two-wheeler loan interest rate is one component of the total cost of borrowing. The following two-wheeler loan charges and aspects are equally important to review before you apply.
- Processing Fees: The bike loan processing fee at Shriram Finance is capped at 5%* of the loan amount. This is a one-time charge applied at the time of loan disbursement and is non-refundable.
- Foreclosure Charges: Prepayment charges for a bike loan at Shriram Finance are up to 4%* of the outstanding principal on early repayment. Foreclosure is not permitted within the first 12 months from the date of the first EMI, and an additional 2%* applies if the loan is transferred to another lender.
- Repayment Flexibility: Repayment tenures range from 12 to 60 months, giving you the flexibility to select a loan duration that matches your repayment capacity. Use the two-wheeler loan EMI calculator to compare monthly instalments across different tenures.
- Additional Charges: Review all applicable charges — including stamp duty, default interest, and late payment fees — to understand the true total cost of your loan before finalising. The complete schedule is available in the Interest Rates and Charges document.
- Customer Service: For queries about two-wheeler loan charges, your repayment schedule, or any aspect of your loan account, contact your nearest Shriram Finance branch or reach our customer support team at 1800-103-4959
- Credit Score Requirements: Maintaining a healthy credit score improves your chances of approval and may positively influence the two-wheeler loan interest rate offered to you. Refer to the eligibility page for guidance on strengthening your application.
Two-wheeler Loan: Interest Rates and Charges FAQs
What are the factors that determine my two-wheeler loan interest rate?
Your credit score, loan amount, repayment tenure, down payment, and income and employment stability are the primary factors that determine the bike loan interest rate you are offered. A stronger credit profile and a larger down payment generally improve the rate you receive.
false
What is a good credit score to get a favourable two-wheeler loan interest rate?
A credit score above 750 is generally considered a strong profile for a two-wheeler loan. A higher score signals lower credit risk, which may result in a more favourable interest rate. If your score is below this threshold, clearing outstanding debts and maintaining timely repayments over time can improve it.
false
What is the tenure for which I can get a two-wheeler loan?
Shriram Two-wheeler Loan offers flexible repayment tenures from 12 to 60 months. You can use the two-wheeler loan EMI calculator to compare monthly instalments across different tenures and choose the one that fits your budget.
What is the two-wheeler loan interest rate at Shriram Finance?
The two-wheeler loan interest rate at Shriram Finance starts from 10%* p.a. The exact rate offered may vary based on your credit score, loan amount, tenure, and income stability. All rates are annualised at monthly rests and disclosed upfront at the time of loan sanction.
false
What is the processing fee for a two-wheeler loan?
The bike loan processing fee at Shriram Finance is capped at 5%* of the loan amount. This is a one-time charge applied at the time of disbursal. Please refer to the Interest Rates and Charges document for the latest figures.
false
What are the foreclosure charges for a two-wheeler loan?
Foreclosure charges of up to 4%* of the outstanding principal apply on early repayment of a Shriram Two-wheeler Loan. Foreclosure is not permitted within the first 12 months from the date of the first EMI. An additional 2%* applies if the loan is transferred to another lender. For part-prepayment terms, contact your nearest branch.
false
How can I reduce my two-wheeler loan interest rate?
You can improve your chances of receiving a lower rate by maintaining a credit score above 750, choosing a shorter repayment tenure, making a larger down payment, and demonstrating stable income and employment history. Refer to the Tips section above for a detailed breakdown of each step.
false