Two-Wheeler Loan EMI Calculator

A two-wheeler loan EMI calculator is a simple and convenient online tool designed to help you plan your bike or scooter purchase. By entering basic details such as the interest rate, principal loan amount, and loan tenure, the calculator provides an estimate of your monthly EMI.

To use our two-wheeler loan EMI calculator, simply enter your preferred two-wheeler brand and variant, the price, down payment amount, annualised interest rate, and loan tenure. Once you input these details, the tool will show you your EMI, total interest, loan amount, and overall payment. This EMI calculator helps you understand the financial commitment of your purchase in advance, ensuring a smooth loan repayment process.

Pro tip: Using this calculator before applying for your loan will allow you to plan better and avoid any surprises. It will give you a clear idea of what your monthly payments will be and how adjusting parameters like the down payment or loan tenure affects your EMI.

If you're considering purchasing a new scooter or bike, Bajaj Finserv Two-wheeler Loan provides a simple and flexible financing option. The loan offers up to 100% financing of the on-road price of the bike, depending on your eligibility, and allows you to choose repayment terms from 6 months to 84 months.

Want to know your eligibility for a Bajaj Finserv Two-wheeler Loan? You can check your eligibility online in just a few clicks.

Estimating your monthly instalments with the two-wheeler loan EMI calculator is both simple and efficient. This online tool helps you plan your finances effectively when purchasing a motorcycle or scooter. Here’s how it works:

1. Select the brand and model you wish to purchase, input the downpayment, interest rate, and loan tenure (the duration of the loan) into the specified fields of the calculator.

2. You will instantly get your equated monthly instalment (EMI) that you will need to pay each month.

3. Adjust the inputs to explore different loan scenarios. By tweaking the downpayment amount, tenure, or interest rate, you can see how these changes affect your monthly payments.

Using the formula P x R x (1+R)^N / [(1+R)^N-1], where:

• P is the principal loan amount

• R is the monthly interest rate

• N is the total number of monthly payments

The calculator provides an accurate EMI based on your inputs.

Example calculation

For example, suppose you take a two-wheeler loan for a bike with a loan amount of Rs. 50,000 at an annual interest rate of 12% for 3 years (36 months). Here’s how the calculation works:

• Principal amount (P) = Rs. 50,000

• Monthly interest rate (R) = 12% / 12 = 1% per month or 0.01 (decimal)

• Loan tenure (N) = 36 months

The calculated EMI for this example is approximately Rs. 1,634.46 per month. This is the fixed payment you would need to make each month over 36 months to repay the loan amount of Rs. 50,000, including interest.

Want to apply for a two-wheeler loan? Check your eligibility for a Bajaj Finserv Two-wheeler Loan with just a few clicks. Get fast approval, flexible EMIs, and minimal documentation to make your bike ownership journey hassle-free.

When considering a two-wheeler loan, several key factors can significantly impact your EMI (Equated Monthly Instalment). Understanding these factors is essential for planning a manageable repayment plan and making an informed decision about your loan. Here’s a breakdown of the most important elements that affect your EMI:

1. Loan amount: The total loan amount you borrow plays a significant role in determining your EMI. A higher loan amount means higher monthly payments. On the other hand, borrowing a smaller amount will result in lower EMIs, but it may affect the flexibility of your repayment options.

Pro tip: When you apply for a Bajaj Finserv Two-wheeler Loan, you can finance up to 100% of the bike’s on-road price, depending on your eligibility. Want to check your loan eligibility? Check your eligibility in just a few clicks and find out how much you can borrow.

2. Loan tenure: The loan tenure refers to the length of time you choose to repay the loan. A longer tenure typically results in lower EMIs, as the repayment amount is spread over a longer period. However, the downside is that you may end up paying more in total interest. Conversely, a shorter tenure means higher monthly EMIs, but the total interest paid over the loan period will be lower.

3. Interest rate: The interest rate applied to the loan directly impacts the EMI amount. Lower interest rates result in lower EMIs, making the loan more affordable. On the other hand, a higher interest rate increases the EMI, making the loan more expensive over time.

4. Down payment: The down payment is the upfront amount you pay towards the cost of the bike. A larger down payment reduces the loan amount, which, in turn, lowers the EMI. By increasing your down payment, you can make your monthly payments more affordable.

Pro tip: Want to make your loan more manageable? A larger down payment can reduce your EMI and total loan burden.

By keeping these factors in mind, you can better understand how your EMI is calculated and make the best decision when opting for a two-wheeler loan.

When you finance your new bike or scooter with a two-wheeler loan, the interest rate is a key factor that affects your monthly EMI. The interest rate you receive will depend on the lender’s policy and your credit history. A better credit score often leads to a more favourable interest rate, while a lower score may result in a higher rate.

Bajaj Finance offers two-wheeler loans with interest rates of up to 31% per annum, making it a flexible option for a wide range of customers. However, the exact rate you’ll receive will depend on your individual credit profile.

With the Bajaj Finserv Two-wheeler Loan, you might have a pre-approved loan offer waiting for you. Check your pre-approved offer in an easy online process and plan your two-wheeler purchase with confidence.

A two-wheeler loan EMI calculator is an invaluable tool for anyone looking to finance the purchase of a bike or scooter. It's simple to use and quickly provides an accurate monthly EMI based on factors such as the loan amount, tenure, and interest rate.

Here are the main benefits of using a two-wheeler loan EMI calculator:

1. Easy and fast: The EMI calculator quickly calculates your monthly payments, saving you time and effort. Instead of manually figuring out how much you need to repay each month, you can instantly get an estimate using the tool.

2. Budget planning: It helps you plan your finances by showing exactly how much you’ll need to pay every month. With a clear view of your EMI, you can better manage your budget and ensure that the loan fits your financial capacity.

3. Comparison tool: The EMI calculator allows you to compare different loan scenarios. You can adjust the loan amount, tenure, or interest rate to find the loan option that best suits your budget. This way, you can choose the most affordable EMI plan.

4. Clear financial picture: The calculator also shows you the total interest you will pay over time, providing you with a full understanding of the loan’s financial impact. This helps you make more informed decisions and avoid any surprises later.

5. User-friendly: With its simple interface, the two-wheeler loan EMI calculator is easy to use, even if you’re not a financial expert. The tool is designed to be intuitive, helping you calculate EMIs without any hassle.

Using a two-wheeler loan EMI calculator ensures you are prepared and informed before committing to a loan. And if you’re looking to make the process even easier, go for a Bajaj Finserv Two-wheeler Loan today. You may have a pre-approved loan offer waiting for you, which means you can skip the long waiting times and bring home your dream bike without any delay. Check your pre-approved loan offer now and get started.