If you’re planning to buy a scooter, bike, or even an electric two-wheeler, here’s good news! The State Bank of India (SBI) has recently modified its Two-Wheeler Loan Scheme to make it more customer-friendly. From higher age eligibility to revised income criteria, SBI has updated SBI Two Wheeler Loan 2025 several rules to make it easier for salaried, self-employed, pensioners, and agriculturists to get a two-wheeler loan.
In this blog, we’ll explain the key changes in simple language so that you can understand whether you qualify and how the new features benefit you.
SBI Two-Wheeler Loan 2025 – Before vs After Changes
| Parameter | Earlier Rules | Revised Rules (2025) |
| Age Limit | 18 – 65 years | 18 – 67 years (loans up to 65 years until co-borrower option is live) |
| Minimum Income (Salaried) | ₹20,000 per month | ₹10,000 per month |
| Minimum Income (Pensioners) | ₹10,000 per month | ₹20,000 per month |
| Self-Employed / Business Owners | ₹1.5 lakh annual income | ₹2.4 lakh annual income |
| Agriculturists | ₹1.5 lakh annual income | ₹2.4 lakh annual income |
| Loan Amount | ₹50,000 – ₹3 lakh | Same (₹50,000 – ₹3 lakh) |
| Loan Tenure | 48 months (max) | 48 months (max), repay before age 70 |
| Loan to Value (LTV) | Up to 85% of on-road price | 90% for SBI Salary Package customers, 85% for others |
| Interest Rates (CIBIL based) | 4.35% + 1 yr MCLR to 5.85% + 1 yr MCLR | 3.00% + 1 yr MCLR to 7.00% + 1 yr MCLR |
| Electric Two-Wheeler Discount | 0.50% concession | 0.50% concession (unchanged) |
| Processing Fee | 2% of loan amount + GST | 3% of loan amount + GST (50% waiver for SBI Salary Package customers) |
| Repayment Mode | SI/NACH, post-dated cheques at non-NACH centers | Standing Instructions only from SBI account |
| Penalty on Default | Not clearly specified | 2.4% p.a. (up to 60 days), 5% p.a. (beyond 60 days) |
What’s Changed with Loan Features?
The changes aren’t just about who can apply. Here’s a look at the updated loan features:
- Loan Amount and Repayment: The loan tenure (or repayment period) for all customers, including agriculturists, has been standardized to a maximum of 48 months. The minimum loan amount is ₹50,000, and the maximum is ₹3,00,000.
- Credit Score Matters: Your credit score, or CIC score, plays a bigger role than ever in determining your interest rate. The new structure has a wider range of interest rates based on your score. A higher score means a lower interest rate, so it’s a good time to check your credit history!
- Concession for Electric Vehicles: A fantastic benefit for eco-conscious riders! SBI is offering a 50 bps (0.50%) concession on the interest rate if you are buying an Electric Two-Wheeler.
- Processing Fees: The processing fee has been increased from 2% to 3% of the loan amount, plus GST. However, if you are an SBI Salary Package Account (SPA) customer, you still get a 50% waiver on this fee.
- Repayment Mode: All loan repayments will now be done through a Standing Instruction from your SBI Savings Bank account. This ensures a hassle-free and automatic payment process.
- Loan-to-Value (LTV):
- Salary Package Customers: SBI will finance up to 90% of the on-road price of the vehicle.
- Other Customers: The bank will finance up to 85% of the on-road price.
Key Changes in SBI Two-Wheeler Loan
1. Age Limit Increased
- Earlier: Loan was available for applicants aged 18 to 65 years.
- Now: Age limit increased to 18 to 67 years.
(For borrowers above 65 years, co-borrower functionality with children/grandchildren is being developed. Until then, loans will be offered up to 65 years only.
2. Minimum Income Requirement
- Salaried Applicants:
- Earlier: ₹20,000 per month
- Now: Starts from ₹10,000 per month for eligibility
- Earlier: ₹20,000 per month
- Pensioners:
- Earlier: ₹10,000 per month pension
- Now: ₹20,000 per month pension and pension account with SBI
- Earlier: ₹10,000 per month pension
- Self-employed & Business Owners:
- Earlier: Minimum ₹1.5 lakh annual income
- Now: Minimum ₹2.4 lakh annual income as per ITR / GST returns
- Earlier: Minimum ₹1.5 lakh annual income
- Agriculturists:
- Earlier: Net annual income ₹1.5 lakh
- Now: Net annual income ₹2.4 lakh
- Earlier: Net annual income ₹1.5 lakh
3. Loan Amount & Tenure
- Loan Amount: ₹50,000 to ₹3,00,000
- Repayment Tenure: Up to 48 months (4 years)
- Loan must be repaid before the borrower turns 70 years of age
4. Loan to Value (LTV) – How Much of Bike’s Price SBI Finances
- SBI Salary Package Customers: Up to 90% of on-road price
- Others: Up to 85% of on-road price
5. Interest Rates (Linked to CIBIL Score)
- CIBIL 850 & above: 3.00% + 1-year MCLR
- 760–849: 4.50% + 1-year MCLR
- 720–759: 5.50% + 1-year MCLR
- 650–719: 7.00% + 1-year MCLR
- New-to-Credit (NTC) Customers: Based on Risk Scoring Model (RSM)
Special Offer: 0.50% (50 bps) concession in interest rates for customers purchasing electric two-wheelers.
6. Processing Fees
- Standard: 3% of loan amount + GST
- SBI Salary Package Customers: 50% waiver in processing fees
7. Other Key Features
- Repayment Mode: Only through Standing Instructions (SI) from SBI account (no post-dated cheques).
- Security: Vehicle will be hypothecated to SBI and insured with 1-year own damage + 5-year third-party insurance.
- Pre-Sanction Survey: Required except for government/defense/PSU salary package customers.
- Penalty on Default:
- Up to 60 days irregularity: 2.4% p.a.
- Beyond 60 days: 5% p.a.
- Up to 60 days irregularity: 2.4% p.a.
Why Choose SBI Two-Wheeler Loan?
- Low interest rates linked to your credit score
- Higher financing for SBI salary package account holders
- Extra discount on Electric Two-Wheelers
- Simple documentation and fast approval
- Flexibility for self-employed, salaried, pensioners, and agriculturists
In a Nutshell: Key Takeaways
| Feature | Old Rules | New Rules |
| Age | 18-65 years | 18-67 years |
| Salaried Income | ₹20,000/month | ₹10,000/month |
| Self-Employed/Agri Income | ₹1.5 lakh/year | ₹2.4 lakh/year |
| Loan Tenure | 48-60 months | 48 months (Max) |
| Processing Fees | 2% + GST | 3% + GST |
| EV Interest Rate | Not specified | 0.50% concession |
Final Thoughts
With these new changes, SBI has made its Two-Wheeler Loan Scheme more inclusive and customer-friendly. Whether you’re a salaried person, a pensioner, self-employed, or even a farmer, SBI now offers flexible options to help you own your dream two-wheeler with ease.
So, if you’re planning to buy a bike, scooter, or e-scooter, the revised SBI Two-Wheeler Loan 2025 might be the perfect choice for you.
Also read-SBI Loan Interest Rates Revised from 15 August 2025 – Processing Fee Waive