Bike Loan EMI Calculator
Calculate Two Wheeler Loan EMI Online
Monthly EMI
₹29,623*
Calculate Bike Loan EMI Bike Loan EMI Calculator
A bike loan EMI calculator (also known as a two wheeler loan EMI calculator or bike EMI check online) helps you estimate your monthly two-wheeler loan payments. It’s crucial for financial planning because it shows whether your buy bike on EMI plan fits your budget.
Why You Would Need A
Bike EMI Calculator?
An EMI calculator shows the exact monthly installment for your loan. This helps you manage your finances and plan repayments better.
Quick & Accurate EMI Result
Simply enter your loan amount, bike loan interest rate, and tenure to see exact bike loan EMI calculator outputs.
Compare Bank Offers
Use our two wheeler loan EMI calculator or 2 wheeler loan calculator to line up EMIs from multiple lenders side by side.
Easy to Use
Plug in your numbers, loan amount, interest rate, and tenure, and our bike EMI calculator does the rest.
Mobile & Desktop Friendly
Access our bike loan calculator/2 wheeler finance calculator on any device. Enjoy a seamless experience when checking your bike on EMI results.
Key Components Of A
Bike Loan EMI Calculator
There are basically three core inputs for a bike loan EMI calculator (also called a two wheeler loan EMI calculator): principal amount, interest rate, and tenure. These values feed into the standard EMI formula to compute your fixed monthly instalment, covering both principal repayment and interest.
Principal Amount
The total bike loan sum you borrow to buy your bike on EMI.
Interest Rate
The annual bike loan interest rate applied to the outstanding balance, this directly affects your bike loan EMI.
Tenure (Loan Term)
The number of months over which you repay your loan. A shorter tenure means higher EMIs; a longer tenure lowers each instalment but increases total interest.
Other Factors
Our bike loan EMI calculator options let you tweak all these variables, ensuring you get an accurate view of your monthly outflow and overall financing cost.
Down Payment
Enter your upfront cash to see how a larger down payment reduces your loan balance and lowers your EMI in the two wheeler finance calculator.
Credit Score Impact
A stronger credit profile often unlocks better bike loan interest rates, shrinking your monthly payment.
Loan Type
Choose between a fixed-rate for stable EMIs or a floating rate that can move with market shifts, our bike on EMI tool lets you simulate both.
Processing Fees
Include any one-time or periodic fees charged by lenders in the two wheeler loan EMI calculator to view the true cost of your loan.
How Is EMI Calculated
For A Bike Loan EMI Online?
A bike loan EMI calculator (or two wheeler loan EMI calculator) applies the standard EMI formula using your total bike loan amount, annual bike loan interest rate (converted to a monthly rate), and repayment tenure to instantly show:
Fixed Monthly EMI You Will Pay For Your Bike
Total Interest Cost Over The Loan's File
Overall Amount Payable (Principle + Interest)
Many bike emi calculator tools also generate an amortization schedule, breaking down each instalment into principal vs. interest so you see exactly how your outstanding balance reduces month by month.
The EMI you see is the exact fixed monthly instalment that covers both your principal repayment and the interest charge, calculated by plugging your bike loan details into the EMI formula:
EMI = [P * R * (1+R)^N] / [(1+R)^N - 1]
Formula to Calculate the Bike Loan EMI
Here, P= Principal Loan Amount (total bike loan you borrow), R = Monthly Interest Rate (annual bike loan interest rate ÷ 12 ÷ 100) and N = Loan Tenure in Months (years x 12)
What Is The Bike Loan
Amortization Schedule?
A bike loan amortization schedule is a month-by-month table, often provided by your two wheeler loan calculator, that shows how each two wheeler loan EMI splits between interest and principal, and how your remaining balance shrinks over time. Understanding this helps you plan prepayments and visualise your total interest savings.
Example: ₹1,00,000 bike loan at 10% p.a. over 36 months, calculated via our bike loan EMI calculator.
| Month | Opening Balance | Interest Component | Principal Component | Closing Balance |
|---|---|---|---|---|
| 1 | ₹1,00,000 | ₹1,00,000 | ₹1,00,000 | ₹1,00,000 |
| 2 | ₹1,00,000 | ₹1,00,000 | ₹1,00,000 | ₹1,00,000 |
Interest Component
Starts high (₹833) and tapers as the principal falls.
Principal Component
Begins lower (₹2,667) and increases over time, building your equity.
Closing Balance
Opening balance minus principal paid, this becomes the next month's opening balance.
Use our 2 wheeler finance calculator or two wheeler loan EMI calculator to generate a full amortization schedule, so you can see exactly how each bike on EMI payment works to reduce your debt.
What Is The Bike Loan
Eligibility Criteria In India?
Nationality & Residency
Must be an Indian citizen and resident.
Age Limit
Minimum 21–60 years at loan maturity (varies slightly by lender).
Income Threshold
Salaried: ₹2–4 lakhs net per annum (some lenders insist on a minimum ₹25,000/month).
Self-employed: ₹1.8–4 lakhs net per annum, with ITRs for the past 2–3 years.
Work Stability
Salaried: 1–2 years of continuous employment, including at least one year with your current employer.
Self-employed: Minimum 2–3 years in the same business line.
Credit Score (CIBIL)
650–700+ is generally preferred. Higher scores improve your chances of approval and can unlock lower interest rates.
Debt-to-Income Ratio
Total EMIs (including the new bike loan) should ideally stay within 40–50% of your net monthly income.
Down Payment
A higher upfront margin (for example 15–25% of the bike price) improves eligibility and reduces your EMI load.
Existing Liabilities
Limited existing loans and a good repayment history (no recent missed EMIs or write-offs) support approval.
Vehicle Age & Condition
For used two-wheelers, lenders may cap the vehicle age (for example, 5–7 years) and check overall condition before sanctioning the loan.
What All Documents Applicants
Needs to Submit?
Identity Proof (Any One)
- Aadhaar Card, PAN Card, Passport, Driving License
Address Proof (Any One)
- Recent Utility Bill of last 3 months (Electricity, Water, Gas), Passport, Registered Rent Agreement
Income Proof
- Salaried: Last 3 months salary slips, Form 16 for the last 2 years & Employer's certificate.
- Self-Employed: Income Tax Returns for the last 3 years, Business Registration Certificate (e.g., GST/SSI) and Audited Financial Statements (Balance Sheet & P&L).
Bank Statements
- Account Statements for the last 6 months of your Savings Account OR Current Account.
Vehicle-Related Documents
- Pro forms invoice from the dealer (new cars), Registration Certificate (RC) copy (for used cars).
Other Documents
- Duly filled application form with passport size photograph. Passport-size photographs (2 copies). Cancelled cheque for ECS mandate (to set up auto-debit).
How To Apply For A
Bike Loan In India?
Applying for your dream two-wheeler gets easier when you follow a clear process, and double-check your numbers with our bike loan EMI calculator every step of the way.
Here's what you have to do:
Check Eligibility
Run our bike loan eligibility calculator to confirm you meet age, income, and credit-score requirements. A healthy CIBIL score and stable income improve your chances of a lower bike loan interest rate.
Gather Documents
Keep your KYC, income proof, and bike quotation ready,view the full list above for all required documents. Having everything on hand speeds up processing and avoids last-minute scrambles.
Choose Lender & Mod
Decide whether to apply online via your bank or NBFC portal (most offer end-to-end digital workflows) or visit a branch for a face-to-face discussion about their current two wheeler loan EMI calculator offers.
Fill & Submit Form
Enter your desired loan amount, tenure, and interest in the application form. Before you hit "submit," verify your monthly instalment using our bike emi calculator to ensure it aligns with your budget.
Verification & Sanction
Lenders typically review KYC, credit history, and income proof within 1-3 business days. Once approved, you'll receive a sanction letter detailing your sanctioned amount, bike loan EMI, and interest rate.
Disbursement & Sign-off
Sign the loan agreement and mandate for auto-debit. Funds are released directly to the dealer (or your account), and your EMIs, calculated by our two wheeler loan EMI calculator, kick in from the next billing cycle.
Benefits Of Using Our
Bike Loan EMI Calculator
Securing finance for your two-wheeler involves a clear, step-by-step approach, paired with our bike loan EMI calculator to ensure your monthly outgo stays within budget. Here's what you need to do:
Time-saving & Accurate
Our bike loan EMI calculator delivers your exact monthly instalment in under a second, no spreadsheets, no manual math, no waiting on lender quotes.
Compare Lenders Side-by-Side
With one set of inputs, see EMIs at different bike loan interest rates across banks and NBFCs. Spot the lowest EMI or promotional offer without juggling multiple tabs.
Crystal-Clear Amortization
Generate a full repayment schedule that breaks down each instalment into principal vs. interest. Watch your outstanding balance shrink month by month.
Smarter Budgeting
Visualize how your bike on EMI payments fit into living expenses, fuel, insurance, maintenance, and simulate extra payments to shave months (and thousands of rupees) off your loan.
Accessible & Intuitive
No sign-up required, our 2 wheeler finance calculator works flawlessly on mobile or desktop. Calculate your EMI anytime, anywhere, even on the showroom floor.
Explore Top Bike Loan Offers In India
Several prominent banks and financial institutions in India offer competitive bike loan schemes with varying interest rates, features, and benefits. Here's a summary of some of the top bike loan offers as of July 2025:
| Bank | Starting Interest Rate | Processing Fee | Max Tenure |
|---|---|---|---|
| Bank of India | 8.75% p.a. onwards | Contact the bank | Upto 48 Months |
| IDFC FIRST Bank | 8.50% p.a. onwards | Zero Processing Fee | Upto 48 Months |
| ICICI Bank | 10.25% p.a. onwards | Upto 4% of loan amount | Upto 48 Months |
| TATA Capital | 8.99% p.a. onwards | ₹500 documentation fee | Upto 48 Months |
Source link: Financial Express & The Economic Times
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Disclaimer: MyMotor provides this bike-loan information for guidance only and does not guarantee its accuracy or completeness.