Two-Wheeler Loan EMI Calculator
Calculate your monthly instalment for financing a bike or scooter purchase.
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Loan Details
Starting Month
Loan Amount
₹
₹1,00,000₹3Cr
Tenure
yrs
1yrs20yrs
Interest
%
6%15%
Total EMI Details
| Total Principal Payable (In 3 years) | Total Interest Payable (In 3 years) | Monthly EMI (Interest + Principal) | Total Payment (In 3 years) |
|---|---|---|---|
| ₹1,00,000 | ₹NaN | ₹NaN | ₹NaN |
| Total Principal Payable (In 3 years) |
| ₹1,00,000 |
| Total Interest Payable (In 3 years) |
| ₹NaN |
| Monthly EMI (Interest + Principal) |
| ₹NaN |
| Total Payment (In 3 years) |
| ₹NaN |
Payable per year
EMI will have higher component of interest in the beginning which will reduce towards the end of the tenure
EMI will have lower component of principal in the beginning which will increase towards the end of the tenure
Payment Schedule
EMI start from
Table view
Yearly
Yearly+Monthly
Fiscal year
| Year + Month | Principal | Interest | Amount payable= EMI(Principal+ Interest | Balance Principal |
|---|
How does a two-wheeler loan work?
A two-wheeler loan is a secured or unsecured loan offered by banks and NBFCs to finance the purchase of a motorcycle, scooter, or moped. The lender pays the dealer directly, and you repay the loan in fixed monthly instalments (EMIs) over the chosen tenure. The vehicle itself typically serves as collateral for the loan until it is fully repaid.
What is the typical down payment for a two-wheeler loan?
Most lenders finance 80–100% of the on-road price of the vehicle. However, making a larger down payment (20–30%) reduces your loan amount, resulting in lower EMIs and less total interest paid. Use the calculator above to see how different loan amounts affect your monthly outgo.
What documents are needed for a two-wheeler loan?
Typical documents required include:
- Identity proof (Aadhaar, PAN)
- Address proof
- Income proof (salary slips, bank statements, or ITR for self-employed)
- Passport-size photographs
- Quotation or invoice from the dealer
What interest rates do two-wheeler loans carry?
Two-wheeler loan interest rates in India typically range from 9.7% to 18% per annum depending on the lender, your credit profile, and whether the loan is secured or unsecured. Banks generally offer lower rates than NBFCs. A good credit score (750+) can help you negotiate a better rate.
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Loan against
Mutual
Funds at 10.3%
interest only.
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Mutual
Funds at 10.3%
interest only.
