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 11.25% 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 personnel: Employee of reputed organization with confirmed service of minimum one year
  2. Businessman/professional/self employed

Basis of Advance:

  1. 90% of the on-road cost of two-wheeler
  2. 25 times of the Avg net take home salary / 3 times Avg Gross cash accruals or
     latest audited gross cash accrual with justification (Existing Borrower with good track record for 1 year)
    1 or 2, whichever is less

Repayment Period:

  1. Maximum 48 months

Rate of Interest : Fixed

Period Women Upto Rs. 1.00 Lakh
Upto 3 yrs 11.25%
> 3 yrs upto 4 yrs 12.25%


  1. Hypothecation of two-wheeler
  2. For salaried –repayment through ECS/Standing instructions from Salary Account
  3. Guarantor required in case of any deviation


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

Processing Fees: 


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*