Two-wheeler Loan EMI Calculator

Bike/scooter loan EMI — India rates 8-14%, tenure 12-48 months. HDFC/Bajaj/SBI/L&T Finance are major two-wheeler lenders.

Inputs

₹
₹10K₹1M
%
6%20%
660

Result

Monthly EMI
₹4,638
  • Loan amount₹100,000
  • Total interest₹11,302
  • Total payment₹111,302

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How to use this calculator

  • Enter loan amount (typically 80-90% of on-road price).
  • Enter interest rate offered.
  • Enter tenure in months.
  • Read monthly EMI + total interest.

About this tool

Two-wheeler loan calculator for bikes, scooters, and EV two-wheelers in India. Rates range 8-14% depending on lender and profile. Down-payment 10-20% of on-road price typically. Major lenders: Bajaj Finserv (Bajaj + Chetak EV), TVS Credit (TVS bikes), Hero FinCorp, HDFC Bank, SBI, L&T Finance. Manufacturer-affiliated financiers often offer 0.5-1% concession + faster approval. EV two-wheeler loans may qualify for lower interest under state PSB schemes.

Frequently asked

Manufacturer-affiliated: 8-11% for prime borrowers. Bank loans: 10-14%. NBFC / digital: 12-18%. EV two-wheelers may get 1-2% concession under state or central government schemes.

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