Zoom past the traffic on your new two-wheeler. Leave the money woes to us. Saraswat Bank offers loan upto 80% of the cost for two wheelers at a 11.00% rate of interest.

Purpose of Loans:

  1. For purchase of two-wheeler
  2. Electric two-wheeler - Registered with RTO and with motor capacity of 250W and above

Limits of Loans:

  1. Max Rs 2 lakh


  1. Salaried persons: Employee of reputed organization with confirmed service of minimum one year
  2. Businessman/professional/self employed

Basis of Advance:

  1. Up to 100% finance on Ex-showroom cost of vehicle for loan upto Rs.1 lakh
  2. 25 times of the Avg net take home salary / 3 times Avg Gross cash accruals or latest audited gross cash accrual with justification

1 or 2, whichever is less

Repayment Period:

  1. Maximum 36 months

Rate of Interest : Fixed

Period ROI
Upto 2 yrs 11.00%
>2 yrs upto 3 yrs 12.00%


  1. Hypothecation of two-wheeler
  2. For salaried –repayment through ECS/Standing instructions
  3. One Guarantor


  1. 2.50% of loan amount, Maximum Rs. 25000/-

Processing Fees:  w.e.f 01.07.2022

  1. Upto Rs.10 Lakh - 0.50% of loan amount maximum Rs.3000/-
  2. Above Rs.10 Lakh - 1% of loan amount, max Rs 10000
  3. For 2-Wheeler (Electric) -  NIL

(No other charges such as CIBIL/ other credit agency, FI & CERSAI.)

Documents Required:

  1. Prescribed application form
  2. Proforma Invoice from approved dealer.
  3. Latest Photograph, Photo Identity Proof & Residence Proof of the Applicant & Guarantor
  4. Salaried personnel:latest salary slips for last 3 months or ITR or form 16 for latest one year
  5. Businessman/professional/ self-employed: last three years profit & loss account and balance sheet.

Conditions Apply*