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.
Break-up of Total Payment
Monthly Loan EMI
Principal
Total Interest
Total Payment
(Principal + Interest)
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.
Eligibility
Age: 18 to 59 years
Employment: Salaried/Self-employed with minimum work experience of 1 year
Mid Premium Segment Details:
Loan Details:
| Age (Applicant & Co-applicant) |
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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+GST (w.e.f 13th Feb 2026) |
| Pre-closure charges | |
| Loan cancellation charges | |
| 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
1. What is a Two Wheeler Loan?
A two-wheeler loan helps customers purchase the ride of their dreams. He can then pay it in Equated Monthly Installments [EMIs].
2. What is the Loan tenure?
12-48 months
3. What is the amount being offered by USFB's Two Wheeler Loan?
We offer funding up to 2.75 Lakh on your dream ride.
4. What are the interest rates?
17.75% to 24% p.a diminishing balance method
5. What is the documentation charges?
Rs.1000 plus GST
6. What is the processing fees?
Upto 4% of the loan amount plus GST
7. What is the bounce charge?
Rs.500 plus GST per bounce
8. What is the late payement charges?
Late payment charges will be 2.5% plus GST of loan amount for every late EMI
9. Who can apply for the two-wheeler loan?
Minimum Age- 21 years at the time of loan application & ·Maximum Age- 62 years at the end of the loan tenure (last EMI date)
10. What is the maximum bike loan I can get with Ujjivan SFB?
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.
11. How is two-wheeler loan EMI calculated?
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.
12. Can I get a two-wheeler loan with poor credit score?
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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Latest Blogs
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