Bike Loan EMI Calculator
Calculate your two-wheeler loan EMI, total interest, and on-road price
Comfortable
Your EMI burden is within comfortable limits (below 40%).
Monthly EMI
₹4,558
Down payment of 15% reduces your loan burden
Interest rate of 10.5% for new bikes
Total interest: 17.0% of principal
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|---|---|---|---|
| Year 1 | ₹41,956 | ₹12,745 | ₹54,702 | ₹98,294 |
| Year 2 | ₹46,580 | ₹8,121 | ₹54,702 | ₹51,713 |
| Year 3 | ₹51,713 | ₹2,988 | ₹54,702 | ₹0 |
Bike Loan EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay your two-wheeler loan. It includes both the principal amount and the interest charged by the lender.
The EMI calculation considers the on-road price of the bike (including registration, insurance, and other charges), down payment, interest rate, and loan tenure to determine your monthly payment. Bike loans typically have shorter tenures (1-5 years) and higher interest rates compared to home loans.
New Bike Loan
Loans for purchasing brand new two-wheelers with interest rates typically ranging from 9-13% and tenures up to 5 years. Down payment usually ranges from 10-20%.
Used Bike Loan
Loans for pre-owned bikes with slightly higher rates (12-16%) and shorter tenures of 2-3 years. Higher down payment of 20-30% is typically required.
- ✓Pay 15-20% down payment to reduce loan amount and get better interest rates
- ✓Compare offers from banks, NBFCs, and dealer financing for the best rates
- ✓Factor in maintenance, insurance renewal, and fuel costs in your budget
- ✓Keep EMI below 20% of your monthly income for comfortable repayment
- ✓Most lenders allow prepayment without penalty - use this to reduce interest
- ✓Consider bike depreciation when planning loan tenure and resale plans
The calculations provided by this bike loan EMI calculator are estimates based on the information you provide. Actual EMI amounts may vary based on the lending institution's policies, processing fees, and other charges. Bike depreciation values are approximate and can vary based on brand, model, usage, and market conditions. This tool is for informational purposes only and should not be considered as financial advice. Please consult with financial advisors and lenders for accurate loan terms and personalized guidance.