Two-wheeler Loan EMI Calculator
Calculate your two-wheeler loan instalments easily
Frequently asked questions about Two-wheeler Loan EMI Calculator
You can get a two-wheeler loan up to Rs. 21 lakh from Bajaj Finance. However, your actual loan amount will depend upon your eligibility.
Bajaj Finance offers up to 100% finance on your vehicle's on-road price.
It is applicable for both existing as well as new customers based on their eligibility.
You require a minimum credit score of 700 to be eligible for a two-wheeler loan from Bajaj Finance.
You can get a two-wheeler loan with a flexible repayment tenure ranging from 6 months to 84 months.
No, you do not need a guarantor to apply for a two-wheeler loan from Bajaj Finance. However, in case you do not meet the eligibility criteria, then you can apply for the loan with a co-applicant.
Salaried, self-employed, pensioner, student,homemaker, or farmer can apply for a two-wheeler loan. Here are some of the key eligibility criteria
- You should be a resident of India
- Your age should be between 18 years to 70 years*
- You should have your KYC documents including Aadhaar card, passport, driving licence, PAN card, and voter’s ID
*T&C apply
Self-employed individuals or a business owner can be eligible for our two-wheeler loan. However, you should have been in the business for at least 2 years. You will also need to meet our other key criteria.
Down payment will be based on the approved loan amount and the price of your chosen vehicle.
The EMI for a two-wheeler loan is calculated based on the loan amount, interest rate, and tenure. The two-wheeler loan EMI calculator uses a mathematical formula, considering the loan amount, interest rate, and tenure to calculate the EMI and the total payable interest.
The EMI for a Rs. 1 lakh two-wheeler loan for a bike depends on the interest rate and tenure of the loan. For example, if you take a two-wheeler loan of Rs. 1 lakh with an interest rate of 9.5% for a tenure of 3 years, the EMI would be around Rs. 3,238 per month. However, the EMI may vary depending on the lender’s policy and loan terms.
At Bajaj Finance, the two-wheeler loan interest rate can be up to 31% per annum. You can use the two-wheeler loan EMI calculator (scooter/bike EMI loan calculator) to estimate the monthly instalments on your two-wheeler loan easily.
With the Bajaj Finserv Two-wheeler Loan, you can avail of a two-wheeler loan of up to
Rs. 21 lakh, giving you the flexibility to finance a wide range of bikes and scooters. However, the actual loan amount you can receive will depend on your eligibility criteria, including factors like your credit history, income, and repayment capacity.
To make the process easier and faster, Bajaj Finance offers pre-approved offers to some of the existing customers. Check your pre-approved offer in just a few clicks and plan your purchase with ease.