Check your Central Bank bike loan eligibility. Rate: 12.50 - 15.00% p.a. Max amount: ₹2 L.
Central Bank of India offers bike loan at an interest rate of 12.50 - 15.00% 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 | ₹1,673 | ₹10,228 | ₹2,936/mo |
| ₹75K | ₹2,509 | ₹15,324 | ₹4,402/mo |
| ₹1 Lakh | ₹3,345 | ₹20,420 | ₹5,869/mo |
| ₹1.5 Lakh | ₹5,018 | ₹30,648 | ₹8,804/mo |
| ₹2 Lakh | ₹6,691 | ₹40,876 | ₹11,739/mo |
Central Bank Bike Loan interest rate ranges from 12.50 - 15.00% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Central Bank offers a maximum bike loan of ₹2 L with a tenure of up to 5 years.
The processing fee for Central Bank Bike Loan is 0.50% + GST.
Central Bank 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.