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