Two-Wheeler Loan EMI Calculator

Calculate the monthly instalments on your two-wheeler loan with a two-wheeler loan EMI calculator.

EMI Calculator

Two-wheeler Loan EMI Calculator

Calculate your two-wheeler loan instalments easily

How to calculate your EMI using a two-wheeler loan calculator?

Calculating your monthly instalments using a two-wheeler loan EMI calculator is a convenient and easy process. Just input the loan amount, interest rate, and tenure in the designated fields. Click the 'Calculate' button to obtain the monthly EMI amount. You can explore various loan scenarios by adjusting the input parameters and gain insights into the total interest payable and repayment schedule. Our two-wheeler loan EMI calculator helps you to plan your finances and make informed decisions when purchasing a motorcycle or scooter.

Disclaimer

Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.

The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

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Frequently asked questions

What is the maximum loan amount that I can avail?

You can get a two-wheeler loan up to Rs. 21 lakh. However, your actual loan amount will depend upon your eligibility.

Can I get 100% funding for buying a two-wheeler?

Bajaj Finance Limited 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.

What is the minimum credit score required to get a two-wheeler loan from Bajaj Finance Limited?

You require a minimum credit score of 720. to be eligible for a two-wheeler loan from Bajaj Finance.

What is the minimum and maximum tenure of a two-wheeler loan?

You can get a two-wheeler loan with a flexible repayment tenure ranging from 12 months to 72 months.

Do I need a guarantor while applying for a two-wheeler loan?

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.

How to check if I am eligible for a two-wheeler loan?

Salaried, self-employed, pensioner, student, or homemaker 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 65 years*
  • You should have your KYC documents including Aadhaar Card, passport, driving licence, PAN card, and voters’ ID
Can a salaried person get a two-wheeler loan?

Yes, a salaried person can get a two-wheeler loan from us. You should be employed for at least 6 months and should be 21 years or more. If you are below our age criteria, you can apply with a co-applicant who is 21 years or above.

Can a self-employed professional or a business owner get a two-wheeler loan?

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 fall within our other key criteria.

What is the down payment amount that I need to pay?

Down payment will be based on the approved loan amount and the price of your chosen vehicle.

How is EMI calculated for a two-wheeler loan?

The EMI for a two-wheeler loan is calculated based on the loan amount, interest rate, and tenure. The EMI calculator uses a mathematical formula, considering the loan amount, interest rate, and tenure to calculate the EMI and the total payable interest.

What is the EMI for a 1.5 lakh bike loan?

The EMI for a 1.5 lakh bike loan depends on the interest rate and tenure of the loan. For example, if you take a two-wheeler loan with an interest rate of 9.5% for a tenure of 3 years, the EMI would be around Rs. 4,790 per month. However, the EMI may vary depending on the lender’s policy and loan terms.

What is the two-wheeler loan interest rate?

Bajaj Finance two-wheeler loans at a rate of interest of up to 35% 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.

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