Two-Wheeler Loan/Chakra Loan

Make your daily commute easier with our Chakra Loan – a two-wheeler loan designed to make your life simpler. We offer financing up to 95% of the on-road price of the vehicle. Enjoy competitive rates, flexible repayment tenures, minimal documentation, and more. Avail our two-wheeler loan to add speed and progress to your life!

Two-Wheeler Loan EMI Calculator

Calculate and compare your EMI in few seconds with our Two-Wheeler Loan EMI Calculator.

Loan Principal Amount

₹26K₹2.75L

Term for Loan

Months

1 Month48 months

Interest rate(IRR)

per annum

17.75%24%

Disclaimer: The data generated herein is completely and solely based on the information/details provided by you and such information and the resultant data is provided only for user's convenience and information purposes. Ujjivan SFB does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy.

The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advice of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. Ujjivan SFB does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against the bank. Neither Ujjivan SFB nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.

Features & Benefits

Financing up to 95% of the on-road price

Flexible repayment tenure up to 48 months

Competitive interest rates

Customised financing options

Minimal documentation

Eligibility

Age: 18 to 59 years

Employment: Salaried/Self-employed with minimum work experience of 1 year

Mid Premium Segment Details:

Loan Details:

Rs. 1,75,001 – 3,00,000 (for Banking Surrogate program)
Rs. 2,75,001 – 5,00,000 (for Income Proof program)
Rs. 1,00,000 - 2,50,000 (for Non-Income Proof program)

Age (Applicant & Co-applicant) Minimum 21 years
Maximum 60 years at the time of maturity of loan
Rate of Interest: 14.49%-18.49% IRR [Rack Rate]
Loan Tenure: 12-60 months

All other charges are same of Two- Wheeler Loans

Click to Know more

Schedule Of Charges

Effective from 13th Feb 2026 below the Schedule of charges

PARTICULARS	Two-Wheeler Loans
Processing Fee	Up to 4% of loan amount + GST or ₹ 5,000[inclusive of GST] whichever is lower (w.e.f 13th Feb 2026)
Document charges	Up to ₹ 2000 plus GST (w.e.f. 13th Feb 2026)
Stamp charges	At actuals
Credit Life Insurance	As applicable
EMI bounce charges	₹ 500 plus GST
Late payment fee	2.25% p.m on EMI overdue amount capped at ₹1000
Pre-closure charges	2% of principal outstanding amount + tax [if loan is preclosed on/before 12 months from date of disbursement] 1% of principal outstanding amount + tax [if loan is pre closed after 12 months from date of disbursement]. In both scenarios maximum capping is at Rs.3000[inclusive of tax]
Loan cancellation charges	Nil (However client would be charged interest for the interim period between date of loan disbursement to loan cancellation and Processing fee, Documentation charges &Stamp duty will be charged)
Legal processing & incidental charges	At actuals + GST
Other charges	Interest certificate – ₹ 50+ GST
	Loan Account Statement – ₹ 50+ GST
	Duplicate NOC – ₹ 500+GST
	Amortization schedule – ₹ 100+GST

Frequently Asked Questions

A two-wheeler loan helps customers purchase the ride of their dreams. He can then pay it in Equated Monthly Installments [EMIs].

12-48 months

We offer funding up to 2.75 Lakh on your dream ride.

17.75% to 24% p.a diminishing balance method

Rs.1000 plus GST

Upto 4% of the loan amount plus GST

Rs.500 plus GST per bounce

Late payment charges will be 2.5% plus GST of loan amount for every late EMI

Minimum Age- 21 years at the time of loan application & ·Maximum Age- 62 years at the end of the loan tenure (last EMI date)

We offer financing up to 95% of the on-road price of the vehicle capped at ₹2.75 lakh. Contact us to know your eligibility.

The mathematical formula for two-wheeler loan EMI calculation P * r * (1 + r)^n / ((1 + r)^n - 1), where P is the principal loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the loan tenure in months. However, manual calculations are time consuming and may leave room for errors. As a better alternative, use our two-wheeler loan EMI calculator to check your monthly repayment obligations.

It’s important to maintain a good credit score, typically above 750. A higher credit score may help you secure your loan faster.

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