Check your Bank of India bike loan eligibility. Rate: 12.30 - 14.80% p.a. Max amount: ₹2 L.
Bank of India offers bike loan at an interest rate of 12.30 - 14.80% p.a. with a maximum tenure of 5 years. The maximum loan amount is ₹2 L with a minimum monthly income requirement of ₹15,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹50K | ₹1,668 | ₹10,048 | ₹2,927/mo |
| ₹75K | ₹2,502 | ₹15,072 | ₹4,390/mo |
| ₹1 Lakh | ₹3,336 | ₹20,096 | ₹5,853/mo |
| ₹1.5 Lakh | ₹5,004 | ₹30,144 | ₹8,779/mo |
| ₹2 Lakh | ₹6,672 | ₹40,192 | ₹11,706/mo |
Bank of India Bike Loan interest rate ranges from 12.30 - 14.80% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Bank of India offers a maximum bike loan of ₹2 L with a tenure of up to 5 years.
The processing fee for Bank of India Bike Loan is 0.50% + GST.
Bank of India Bike Loan prepayment policy: Nil after 6 months.
The minimum monthly income required is ₹15,000. Use the calculator above to check your exact eligibility based on your income.