Two Wheeler Loan Interest Rates, Fees & Charges (March 2026)

HDFC Bank offers two types of interest rates for Bike Loans:

1. Fixed Interest Rate: The interest rate remains constant throughout the loan tenure, providing stability in EMI payments.
2. Floating Interest Rate: The interest rate fluctuates based on market conditions, which can lead to changes in the EMI amount.

Yes, HDFC Bank offers different interest rates for new and used Two-Wheeler Loans. The interest rate for a new bike loan is generally lower compared to a used Bike Loan, reflecting the higher risk associated with financing a used vehicle.

The common fees and charges associated with HDFC Bank Two-Wheeler Loans include processing fee, pre-payment charges, late payment charges, documentation charges, EMI bounce charges, part payment charges, and, foreclosure charges. 

Credit score plays a significant role in determining the interest rate for HDFC Bank Two-Wheeler Loans. A higher credit score indicates a lower credit risk for the bank, leading to a higher chance of loan approval and a lower interest rate. On the other hand, a lower credit score may result in a higher interest rate or even loan rejection, as it signifies higher credit risk for the bank.

HDFC Bank offers a Two-Wheeler Loan at an interest rate starting from 14.5%, depending on the vehicle segment and your creditworthiness. This rate may vary based on your profile and loan specifics, ensuring a tailored financing option suited to your individual circumstances.

You are required to pay up to 2.5% of the loan amount as processing charges for HDFC Bank Two-Wheeler Loan.

Yes, you need to pay documentation charges of up to 2.25% of the loan amount while availing HDFC Bank Two-Wheeler Loan. These charges cover the processing of necessary paperwork required to sanction and disburse the loan efficiently. 
 

You are required to pay stamp duty and other statutory charges on HDFC Bank Two-Wheeler Loan as per the applicable laws of your state. These are mandatory charges governed by local authorities and are not controlled by the bank.

You need to pay ₹885, including GST, for Registration Certificate (RC) collection under HDFC Bank Two-Wheeler Loan. This charge is applicable if the bank facilitates the collection of your RC document from the concerned authority.

Yes, for HDFC Bank Two-Wheeler Loan, you are required to bear RTO charges at actuals. These charges vary depending on the region and vehicle and are directly paid to the respective Regional Transport Office.

There is no fixed penalty for delayed instalments, but you will be charged interest for the number of days the EMI payment is delayed. This interest is calculated at the contracted loan rate and added to your next EMI under HDFC Bank Two-Wheeler Loan.

You need to pay ₹50 to obtain an amortization schedule under HDFC Bank Two-Wheeler Loan. This document outlines your repayment structure, including EMI breakdown across principal and interest components over the loan tenure.

To change your repayment mode in HDFC Bank Two-Wheeler Loan, you are required to pay ₹500. This service facilitates modifications like switching from post-dated cheques to ECS or vice versa.

If you close your HDFC Bank Two-Wheeler Loan within 24 months from the first EMI, you pay 5% of the principal outstanding. After 24 months, this reduces to 3%.

HDFC Bank does not charge for loan cancellation. However, you will be liable to pay interest for the period between loan disbursal and cancellation. Additionally, processing fees, documentation charges, and stamp duty will not be refunded.

You must pay ₹250 per request for a duplicate NOC and ₹200 for a special NOC under HDFC Bank Two-Wheeler Loan. These documents certify that your loan has been fully repaid or provide specific clearance details.

HDFC Bank charges ₹450 for payment return, ₹400 for loan rebooking or reschedulement, and ₹ 50 for CIBIL report (on request).