Check your South Indian Bank bike loan eligibility. Rate: 12.00 - 15.00% p.a. Max amount: ₹2 L.
South Indian Bank offers bike loan at an interest rate of 12.00 - 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 | ₹1,661 | ₹9,796 | ₹3,020/mo |
| ₹75K | ₹2,491 | ₹14,676 | ₹4,530/mo |
| ₹1 Lakh | ₹3,321 | ₹19,556 | ₹6,039/mo |
| ₹1.5 Lakh | ₹4,982 | ₹29,352 | ₹9,059/mo |
| ₹2 Lakh | ₹6,643 | ₹39,148 | ₹12,079/mo |
South Indian Bank Bike Loan interest rate ranges from 12.00 - 15.00% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
South Indian Bank offers a maximum bike loan of ₹2 L with a tenure of up to 5 years.
The processing fee for South Indian Bank Bike Loan is 0.50% + GST.
South Indian 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.