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Two-Wheeler Loan EMI Calculator.
Estimate your monthly EMI for financing a bike or scooter — rates vary widely by lender, and electric vehicles often get a discount.
₹1,00,000
12.00%
3 Yr
Monthly EMI
₹3,321
- Principal amount
- ₹1,00,000
- Total interest
- ₹19,556
- Total amount
- ₹1,19,556
Principal84%
Principal amount₹1,00,000
Interest amount₹19,556
Your Amortization Details
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹29,434 | ₹10,418 | ₹70,564 |
| 2 | ₹33,170 | ₹6,682 | ₹37,395 |
| 3 | ₹37,375 | ₹2,477 | ₹19 |
Frequently asked questions
What's the typical interest rate for a two-wheeler loan?
Rates vary widely — from around 7.60% p.a. at select public banks to 25%+ at some NBFCs, depending on the lender, your credit score, and the bike itself. Several lenders also offer a rate discount (around 0.50%) for electric two-wheelers.
What's the maximum tenure for a two-wheeler loan?
Typically up to 5 years (60 months) — shorter than a car loan, reflecting the vehicle's lower value and faster depreciation.