How to Get City Bank Bike Loan

City bank offers bike loans with competitive interest rates and flexible repayment options. With city bank bike loans, you can easily fulfill your dream of buying a two-wheeler. In this post, we discuss about How to Get City Bank Bike Loan. 

If you’re in the market for a new motorcycle or scooter and don’t want to pay the full price upfront, city bank’s bike loans may be the right option for you. With low-interest rates and easy application, city bank is becoming a popular choice for those seeking financial assistance for purchasing a two-wheeler.

City bank offers loans for both new and used bikes, and the repayment terms are quite flexible. You can choose a repayment tenure of up to five years and pay back the loan in easy emails. Additionally, city bank offers its customers the convenience of applying for a bike loan online, making it quick and effortless.

What Is City Bank Bike Loan?

City bank bike loan is a popular lending product for those who wish to purchase a bike. It is a loan offered by the city bank that allows people to borrow money for the sole purpose of buying a bike.

There are different types of Bike loans in City Bank. Features of the loan include a flexible repayment schedule, low-interest rates, and no hidden charges. The process of applying for a loan is straightforward, and approvals are quick.

The benefits of city bank bike loans include credit score improvement, asset creation, and avoiding the need to use emergency funds. Overall, the city bank bike loan is an excellent choice for bikers looking for a financing option that is affordable and convenient.

Eligibility Criteria For City Bank Bike Loan

To be eligible for a city bank bike loan, there are certain criteria to meet. The age requirement is between 21 and 65 years old. You need a minimum monthly income of ৳20,000. A good credit score is necessary. You also need to have a confirmed job status.


Required Documents For City Bank Bike Loan

To apply for a city bank bike loan, you need to submit some required documents. First, you will need identity proof, such as a NID card or driving license. Next, address proof like a voter id card or passport is also necessary.

Thirdly, income proof that denotes your stable earnings and financial stability is crucial. Lastly, you will have to provide bank statement details for the past six months. Make sure to read the eligibility criteria and terms and conditions carefully before applying.

Steps To Apply For City Bank Bike Loan

If you’re planning to buy a bike and looking for a loan, City Bank offers a great option to apply online. You just need to follow three simple steps for the online application process. Firstly, check your eligibility criteria. Secondly, fill out the application form with your personal details.

Lastly, submit the required documents and wait for approval. In case you prefer an offline application, you can visit any nearest bank branch and complete the procedure manually. The loan approval and disbursement process takes approximately 7-8 days. You will get the loan amount either through a neft or cheque.

City bank offers flexible repayment tenure with affordable interest rates.

Interest Rates For City Bank Bike Loan

The city bank bike loan offers competitive interest rates compared to other banks. Factors that affect interest rates include credit scores, loan amount, and repayment tenure. If you have a good credit score, you may get a lower interest rate.

The loan amount and repayment tenure also play a vital role in determining the interest rate. You can get a clearer idea if you compare the city bank’s bike loan interest rates with other banks. Remember, a low-interest rate with favorable terms can save you a considerable amount of money in the long run.

Therefore, always compare the bike loans from different banks before making a final decision.

Processing And Other Charges For City Bank Bike Loan

City bank offers a bike loan with processing fees varying depending on the loan amount. Prepayment is allowed with a maximum charge of 2% for early repayment. A late payment penalty is charged at 2% of the overdue EMI per month until the payment is made.

Overall, city bank aims to make bike loans accessible to everyone with reasonable charges that won’t break the bank.

Frequently Asked Questions For City Bank Bike Loan

What Is City Bank Bike Loan?

A City Bank bike loan is a loan provided by a city bank to finance the purchase of a motorcycle.

How Can I Apply For City Bank Bike Loan?

You can apply for a City Bank bike loan by visiting the nearest city bank branch or through their online portal.

What Documents Are Required To Apply For City Bank Bike Loan?

You will need your national id, passport-size photo, and proof of income (salary statement, tax return, etc. ) To apply for a City Bank bike loan.

What Is The Interest Rate For City Bank Bike Loan?

The interest rate for a city bank bike loan starts from 11. 75% and varies depending on the loan amount and repayment period.

What Is The Maximum Loan Term For City Bank Bike Loan?

The maximum loan term for a city bank bike loan is 5 years, but it may vary depending on the amount of loan requested and the borrower’s credit history.


After going through the various aspects of the city bank bike loan, it can be concluded that it is a highly beneficial option for those who are planning to buy a motorcycle. The loan offers affordable interest rates, flexible repayment options, and easy access to funds.


Know More: Dutch Bangla Bank Scholarship Details.


The online application process, quick approval, and hassle-free documentation make it a convenient choice for customers. Moreover, the bank also provides insurance coverage for the borrowed amount, which further optimizes the loan experience. The loan also comes with a range of other perks, such as discounts on accessories, extended warranty, and free servicing.

Overall, the city bank bike loan takes care of all the financial requirements involved in purchasing a motorcycle, making it a smart choice for those who wish to own their dream bike without any stress and anxiety.

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