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Two Wheeler Loan EMI Calculator India 2025

Calculate your bike loan EMI, down payment, and total interest for motorcycles and scooters in India.

₹
₹
%

Monthly EMI

₹3.32 K

for 3 years

Loan Amount

₹1.00 L

Total Interest

₹19.57 K

Total Amount

₹1.20 L

Payment Schedule

Showing 1 to 12 of 36 entries

Total Principal

₹1.20 L

Total Interest

₹10.61 K

Total Payable

₹1.31 L

Month
EMI
Prin.
Int.
Balance
Jun 2025
₹3.63 K
₹2.43 K
₹1.20 K
₹1.18 L
Jul 2025
₹3.63 K
₹2.45 K
₹1.18 K
₹1.15 L
Aug 2025
₹3.63 K
₹2.48 K
₹1.15 K
₹1.13 L
Sep 2025
₹3.63 K
₹2.50 K
₹1.13 K
₹1.10 L
Oct 2025
₹3.63 K
₹2.53 K
₹1.10 K
₹1.08 L
Nov 2025
₹3.63 K
₹2.55 K
₹1.08 K
₹1.05 L
Dec 2025
₹3.63 K
₹2.58 K
₹1.05 K
₹1.02 L
Jan 2026
₹3.63 K
₹2.60 K
₹1.02 K
₹99.88 K
Feb 2026
₹3.63 K
₹2.63 K
₹998.824
₹97.25 K
Mar 2026
₹3.63 K
₹2.66 K
₹972.532
₹94.60 K
Apr 2026
₹3.63 K
₹2.68 K
₹945.977
₹91.92 K
May 2026
₹3.63 K
₹2.71 K
₹919.157
₹89.21 K

Who Should Apply for Two Wheeler Loans in India?

Two wheeler loans benefit different types of borrowers

Ideal Candidates

First-time buyers: Young professionals starting their career who need affordable transportation
Students & Graduates: Those who need reliable transportation for college or work
Urban commuters: City dwellers looking for fuel-efficient daily transport
Budget-conscious buyers: Those who want to preserve cash flow for other expenses

Consider Alternatives

Those with sufficient cash: If you can afford the full amount without affecting emergency funds
Unstable income: If your income is irregular or you're between jobs
Poor credit history: May result in higher interest rates or loan rejection
Occasional users: If you only need a vehicle occasionally, consider alternatives

Eligibility & Documentation Guide

Everything you need to know about qualifying for a two wheeler loan

Eligibility Criteria

Age: 18-65 years
Income: Minimum ₹10,000-15,000 per month
Employment: 6+ months stable job/business
Credit Score: 650+ preferred
Residency: Indian citizen/resident

Required Documents

Identity proof (Aadhaar, PAN, Passport)
Address proof (Utility bills, Rent agreement)
Income proof (Salary slips, ITR, Bank statements)
Employment certificate/Business registration
Vehicle quotation/pro forma invoice

How to Apply

Step 1: Choose your preferred vehicle
Step 2: Compare loan offers from multiple lenders
Step 3: Submit application with documents
Step 4: Complete verification process
Step 5: Get approval and purchase vehicle

Tips & Hidden Charges to Watch Out For

Smart tips to save money and avoid unexpected charges

Money-Saving Tips

Higher down payment: Pay 25-30% down payment to get better interest rates
Shorter tenure: Choose shorter loan tenure to save on total interest
Compare offers: Get quotes from multiple lenders to find the best rate
Seasonal offers: Apply during festive seasons for special interest rates

Hidden Charges

Processing fee: 1-3% of loan amount (₹500-5,000)
Documentation charges: ₹500-2,000 for paperwork
Insurance charges: Mandatory comprehensive insurance premium
Prepayment penalty: 2-5% if paid before 12 months
Late payment charges: ₹500-1,000 per delayed EMI

Two Wheeler Loan EMI Calculator - Frequently Asked Questions

Everything you need to know about two wheeler loans, bike financing, and motorcycle EMI calculations

Most banks and NBFCs offer up to 85-90% of the vehicle's on-road price as loan amount. The maximum loan amount can go up to ₹5 lakhs for premium bikes, while for regular motorcycles and scooters, it typically ranges from ₹50,000 to ₹3 lakhs.

Need More Help?

Financial planning requires careful consideration of various factors. Consider consulting with a financial advisor for personalized advice based on your specific situation.

Always read terms and conditions carefully
Compare offers from multiple providers
Ensure calculations fit your financial goals

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