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Entered Car Price : ₹ 1,00,000
Your loan Amount : ₹ 0
Years
3 years
Interest
15 %
Buying a bike in India has become more affordable with various financing options available. Two-wheeler loans help you purchase your dream bike without paying the full amount upfront.
Before applying for a bike loan, calculate your EMI to plan your finances effectively. Use our Bike Loan EMI Calculator to get instant and accurate results.
A Bike Loan EMI is the fixed monthly amount you pay to the lender, which includes:
The EMI remains constant throughout the loan tenure, but the proportion of principal and interest changes with each payment.
E = [P × R × (1+R)^N] ÷ [(1+R)^N – 1]
Where:
E = EMI amount
P = Principal loan amount
R = Monthly interest rate
N = Loan tenure in months
Example: For a ₹1 Lakh bike loan at 15% interest for 3 years: ₹3,467 per month.
Get your exact EMI instantly!
Q1. What is the typical bike loan interest rate?
Bike loan interest rates typically range from 12% to 18% per annum.
Q2. What is the maximum bike loan tenure?
Most banks offer bike loans for up to 5 years.
Q3. Can I get a bike loan with low credit score?
Yes, some lenders offer bike loans even with lower credit scores, though interest rates may be higher.
Q4. What documents are required for bike loan?
Typically includes KYC documents, income proof, bank statements, and bike quotation.
Q5. Can I prepay my bike loan?
Yes, most lenders allow prepayment with minimal or no charges.