Bike EMI Calculator

A two-wheeler loan is a short-tenure secured loan against the bike or scooter. Tenures typically run 1–4 years and interest rates sit between 10.5% and 14% depending on the lender, your credit score and whether the bike is new or used.

Bike loans use the standard reducing-balance EMI formula:

EMI = P × r × (1 + r)^n / [(1 + r)^n − 1]

P = loan principal (on-road price − down payment)
r = monthly interest rate
n = tenure in months

Enter the on-road price of the bike, your down payment, the lender's rate and tenure. Most dealers push loans from HDFC, Bajaj Finserv, SBI or the manufacturer's finance arm — compare the on-road APR (including processing fee) rather than just the headline rate.