Two-Wheeler Loan EMI Calculator

You can estimate the EMI on your two-wheeler loan in under a minute, in five simple steps:

1. Select the brand, model and variant of the bike or scooter you want to buy.
2. Enter the down payment you plan to make; the calculator deducts it from the vehicle price.
3. Set the annual interest rate using the slider or by typing it in.
4. Choose a repayment tenure between 6 and 84 months.
5. Read your monthly EMI, principal, total interest and total amount payable, or open the repayment schedule.

Scenarios worth trying

Try different combinations on the two-wheeler loan EMI calculator before you visit the dealer. Change one input at a time so you can see exactly how it affects your EMI:

• Raise the down payment and see how much the EMI and total interest fall.
• Shorten the tenure to see the interest you would save.
• Lengthen the tenure if the EMI is too high, then check the extra interest.
• Change the rate by 1–2 percentage points to see how sensitive your EMI is.
   

Which price should you enter: ex-showroom or on-road?

Enter the on-road price, because that is what you actually pay and what your loan is based on. Bajaj Finance can finance up to 24.25% of the on-road price, subject to eligibility, so using the ex-showroom price will understate your loan amount and EMI.

The on-road price you enter in the two-wheeler loan EMI calculator is made up of these costs:

GST on two-wheelers from 22 September 2025

GST is built into the ex-showroom price, so the slab your vehicle falls in changes the amount you finance. After the 56th GST Council meeting, the rates are:

GST rates on two-wheelers after the 56th GST Council meeting

For most bikes and scooters up to 350cc, the lower GST reduced ex-showroom prices, so the loan amount and EMI for the same model fell; bikes above 350cc became costlier. For example, a 400cc motorcycle with an on-road price of about Rs. 3.5 lakh, bought with Rs. 50,000 down and a Rs. 3 lakh loan over 48 months at an illustrative 12% per annum, has an EMI of about Rs. 7,900. Running the calculator before booking shows you how the 40% slab affects the price and EMI. Popular 350cc models such as the Royal Enfield Classic 350 fall in the 18% slab; planning a premium bike? See financing for models such as the Kawasaki Z650 and BMW bikes.

Electric two-wheeler buyers should also check whether any central or state purchase incentives apply, such as under the PM E-DRIVE scheme, as these reduce the price you finance.

EMI calculators for popular models

Model-specific calculators show prices, down payment and EMI for each variant:

• Hero Splendor EMI calculator
• Royal Enfield Classic 350 EMI calculator
• Royal Enfield Bullet 350 EMI calculator
• Royal Enfield Meteor 350 EMI calculator
• Ather electric scooter EMI calculator

Factors at a glance

Loan amount

The more you borrow, the higher your EMI and the total interest you pay. A costlier model, or one in a higher GST slab, means a bigger loan and EMI. Borrow only what you need within the Rs. 35,000 to Rs. 21 lakh range, rather than the maximum you may qualify for.
 

Down payment and financing share

More money paid as down payment for a bike loan decreases the loan amount, hence decreases EMI and interest payable. Bajaj Finance gives loans from 24.25% of on-road price depending on your eligibility, therefore, you can buy your bike with zero down payment or with less amount. An additional down payment of Rs. 10,000 - 20,000 will considerably reduce interest, but ensure you do not touch your emergency fund.

For example, Rohan, a salaried employee in Pune, picks a 125cc bike with an on-road price of Rs. 1.1 lakh. With a loan for the full amount at an illustrative 12% per annum over 36 months, his EMI is about Rs. 3,654. If he pays Rs. 20,000 down, the EMI drops to about Rs. 2,989 and total interest falls from about Rs. 21,529 to Rs. 17,614.
 

Loan tenure and total interest

You can choose a repayment period of 6 months to 84 months. A longer tenure lowers your EMI but adds more interest over the life of the loan, while a shorter one raises the EMI but cuts the total cost. The lowest EMI is not always the best choice: compare both figures before you decide, and avoid a loan that runs longer than you plan to own the bike.

This table shows how tenure changes the EMI and total cost on a loan of Rs. 1,00,000 at an illustrative interest rate of 12% p.a.:

Interest rate and credit profile

Your bike loan interest rate depends on your CIBIL score, repayment history, income, employment, loan amount and tenure. Even a small difference in the rate changes both your EMI and the total amount you repay: on Rs. 1 lakh over 36 months, the EMI is about Rs. 3,321 at 12% and Rs. 3,516 at 16%, a difference of about Rs. 7,000 over the loan. Bajaj Finance requires a minimum CIBIL score of 600, and applicants with no credit history may also be considered. Check your credit report before applying; clearing overdues and fixing errors can improve the rate you are offered.

The interest rate is one of the main factors that determines your EMI and total repayment: a lower rate makes the loan more affordable, while a higher rate increases both the monthly EMI and the overall borrowing cost. The two-wheeler loan interest rate at Bajaj Finance goes up to 24.25% per annum, and the exact rate offered to you depends on:

• Credit score
• Repayment history
• Income profile
• Employment details
• Loan amount
• Selected tenure
• Bajaj Finance credit policy
   

The EMI shown by the calculator does not include the processing fee or other charges. Add these to your estimate to see the full cost of the loan:

Fees and charges on a Bajaj Finance Two-wheeler Loan

1. Get an instant EMI estimate

The calculator estimates your monthly instalment in seconds from the bike price or loan amount, down payment, interest rate and repayment tenure. You do not need to calculate the EMI manually. How it helps: saves time and reduces the chance of calculation errors.
 

2. Plan your monthly budget

The estimated EMI helps you know whether you can afford the repayments. Compare the EMI to your:

• Income per month
• Necessary costs at home
• Other loan repayments
• Saving plans
• Emergency savings
   

How it helps: It prevents you from choosing an EMI that will be hard to manage. Start with an EMI you can easily afford, then choose the model and tenure. Save some of your money for future expenses, rather than using it all for the down payment.
 

3. Compare different loan options

The amount of the loan, down payment, term of the loan, and the interest rate can be modified to see the difference in payments. The term of the loan will have an effect on the monthly payment, since the longer the term of the loan, the smaller the monthly payment, while a shorter term of the loan will mean less paid interest.
 

4. Understand the total loan cost

The calculator gives you the total interest as well as the repayment amount, giving you an idea of how much you will pay as interest on your loan for the selected tenure. Two plans with the same EMI can vary greatly in their total interest amount. How it helps: More informative than just EMI.
 

5. Use it easily

The calculator needs only a few basic details, and you do not need specialist financial knowledge to use it.
 

How it helps: makes loan planning easier and more accessible.

The results shown by the calculator are estimates; your final EMI depends on the approved loan amount, interest rate, tenure and applicable charges. Use the calculator as a planning tool and review the final loan agreement before accepting any offer.

• P is the principal, or the loan amount after your down payment.
• R is the monthly interest rate, which is the annual rate divided by 12 and then by 100.
• N is the total number of monthly instalments in the tenure.

For example, an annual rate of 12% becomes a monthly rate of 1%, or 0.01. Here is the formula applied to a Rs. 1 lakh loan, the same calculation the two-wheeler loan EMI calculator runs for you:

Over 36 months, you would repay about Rs. 1,19,572, of which Rs. 19,572 is interest. In the first month, Rs. 1,000 of the EMI is interest (1% of Rs. 1 lakh) and the rest repays principal; the interest share shrinks every month after that. The two-wheeler loan EMI calculator saves you this manual working, though your final EMI may differ slightly with the terms you are approved for.
 

Sample bike loan EMIs at 12% per annum

These indicative EMIs show how the loan amount and tenure change your monthly payment at the same rate:

This bike loan amortisation schedule shows the split for a Rs. 1 lakh loan at 12% per annum over 12 months:

Amortisation schedule: Rs. 1 lakh at 12% p.a. for 12 months (illustrative)