KBL Xpress Easy Ride Loan
Rev up your dreams of owning that perfect two-wheeler with a loan solution crafted for speed, convenience, and simplicity. Be it a brand-new bike or a cherished pre-owned ride, we've got your back with seamless digital processing and lightning-fast initial approval. Our two-wheeler loan is tailored to suit diverse financial needs, offering financing for new bikes and attractive terms for pre-owned ones. Whether it's zipping through daily commutes or embarking on thrilling adventures, our loan is your ticket to freedom in a world that's always on the move. Read more
Why this loan is for you
Designed to give you just what you need
Catering to a diverse crowd - salaried, self-employed, professionals, and agriculturists
Enjoy up to 85% financing on your two-wheeler’s on-road price
Repayment options upto 60 months available
Make matters simple and straightforward
A smart calculator for smart spending and savings
Eligibility criteria
- Salaried person: monthly salary of ₹5,000
- Self-employed: annual income of ₹4,000
- Applicants aged between 18 and 60 years
- Company/firm in the name of its executive,
managing director or managing partner
- Meeting bank’s criteria
- NRI financial and residential status
Documents required
- PAN card
- Aadhar card or driver’s license
- Scanned or soft copy of KYC documents
- PAN card
- Aadhar card or driver’s license
- Scanned or soft copy of KYC documents
As easy as 1,2,3...
Apply for a KBL Xpress Easy Ride Loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your loan is sanctioned
Explore other options for you
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Simplify vehicle loans with easy reads
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Got questions? We’ve got answers.
You can choose a tenure from 1 to 5 years, depending on your repayment preferences.
The loan covers up to 85% of the on-road price, including the cost of the vehicle plus road tax, insurance, and registration charges.
Yes, NRIs are eligible for vehicle loans at Karnataka Bank. We offer tailored loans for those who are interested in purchasing a car or scooter through NRI banking services.
Comprehensive insurance is generally mandatory for vehicles financed through Karnataka Bank.
You will need to make a 15% down payment on the on-road cost of the vehicle.
Vehicle loans, encompassing both car and two-wheeler loans, are financial products designed to help individuals purchase vehicles. The key advantage of a vehicle loan is the immediate ownership of the vehicle without paying the full price upfront. They often come with competitive interest rates and can be processed quickly, facilitating an expedient purchase. Vehicle loans also provide the opportunity to build or improve your credit score through regular repayments.
Interest rates on vehicle loans can be fixed or floating and are influenced by factors like the type of vehicle, loan tenure, and your credit history. The EMI (Equated Monthly Installment) for the loan includes both the principal and interest components, and as you repay, the interest is calculated on the reducing balance. When considering a vehicle loan or two wheeler loan, it's important to look at the total cost of ownership, including loan interest, insurance, maintenance, and fuel expenses. The loan tenure and EMI should align with your financial capacity without straining your monthly budget. With attractive bike loan interest rates, owning a motorcycle or scooter is within reach. Our two wheeler loan interest rate plans are designed for affordability and flexibility, catering to your individual financial situation and putting you on the path to owning the two-wheeler you've always wanted.
Do shop around and negotiate with lenders to secure the best interest rate and terms. Consider making a substantial down payment to reduce the loan amount and interest burden. Don't ignore the importance of a good credit score, as it can significantly impact the loan terms offered to you. Ensure timely repayments to avoid penalties and a negative impact on your credit history.
