Need loan to buy your dream super bike? SBI offers loan for it; know interest rate, eligibility and other features
With features and flexible options, this scheme caters to a wide range of applicants, ensuring you can hit the road on your dream bike without financial stress. Check eligibility, features, interest rates based on CIBIL score and 5-year monthly EMI details for Super bike loan scheme.
Are you dreaming to own a super bike but worried about financing? The SBI's new Super Bike Loan Scheme is here to make your dream a reality. With features and flexible options, this scheme caters to a wide range of applicants, ensuring you can hit the road on your dream bike without financial stress.
Margin required and eligibility criteria
![Margin required and eligibility criteria Margin required and eligibility criteria](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306745-1-53.jpg)
Income Requirements
![Income Requirements Income Requirements](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306746-5-48.jpg)
Salaried/Pensioners: Net annual income of applicant and/or co-applicant should be Rs 3.00 lakhs or above.
Self-employed Professionals, Proprietors, Partners, Businessmen, Traders: Net profit or gross taxable income of Rs 3.00 lakhs per annum as per ITR (income of co-applicant can be clubbed).
Agriculturists: Net annual income of applicant and/or co-applicant should be Rs 4 lakhs or above.
Interest Rates Based on CIBIL Score
![Interest Rates Based on CIBIL Score Interest Rates Based on CIBIL Score](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306749-2-52.jpg)
CIBIL Score: ≥ 741: Salaried Customers/Defense/Pensioners: 3.50% + 1 Year MCLR, totaling 12.35%
Others: 4.50% + 1 Year MCLR, totaling 13.35%
CIBIL Score: 731-740: Salaried Customers/Defense/Pensioners: 5.00% + 1 Year MCLR, totaling 13.85%
Others: 6.00% + 1 Year MCLR, totaling 14.85%
CIBIL Score: 700-730 and New to Credit: Salaried Customers/Defense/Pensioners: 10.75% + 1 Year MCLR, totaling 19.60%
Others: 11.75% + 1 Year MCLR, totaling 20.60%.
Loan for 5 years
![Loan for 5 years Loan for 5 years](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306751-loan-2.jpg)