Check your Federal Bank bike loan eligibility. Rate: 12.50 - 16.00% p.a. Max amount: ₹3 L.
Federal Bank offers bike loan at an interest rate of 12.50 - 16.00% p.a. with a maximum tenure of 5 years. The maximum loan amount is ₹3 L with a minimum monthly income requirement of ₹15,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹50K | ₹1,673 | ₹10,228 | ₹3,042/mo |
| ₹75K | ₹2,509 | ₹15,324 | ₹4,562/mo |
| ₹1 Lakh | ₹3,345 | ₹20,420 | ₹6,082/mo |
| ₹1.5 Lakh | ₹5,018 | ₹30,648 | ₹9,124/mo |
| ₹2 Lakh | ₹6,691 | ₹40,876 | ₹12,166/mo |
| ₹2.5 Lakh | ₹8,363 | ₹51,068 | ₹15,206/mo |
| ₹3 Lakh | ₹10,036 | ₹61,296 | ₹18,248/mo |
Federal Bank Bike Loan interest rate ranges from 12.50 - 16.00% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Federal Bank offers a maximum bike loan of ₹3 L with a tenure of up to 5 years.
The processing fee for Federal Bank Bike Loan is 1% + GST.
Federal 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.