Whoever said wishes don’t come true hasn’t explored our offers!
  • Two Wheeler Loan EMI Calculator

     4.5 / 5.0   by 1380 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Plan Benefits

    Policy Coverage

    Customer Service

    Claim Experience

    Responsiveness

    Overview:

    India is home to the highest number of two-wheelers in the world. Owing to the economical and logistical conditions, Indians prefer owning a two-wheeler as means of conveyance. For most of us, a bike or a scooter is also the primary vehicle to travel. Over the last decade or so, biking has become a serious business in the country. With the entry of so many international brands in India, the average Indian is spoilt with choices when we talk about owning a motorcycle or a scooter. On the flipside, owning one has become an expensive affair and it makes sense to take a loan to own one. Nearly all major banks in the country offer loans for two-wheelers as a part of their retail lending portfolio.

    Before choosing a specific lender, it's paramount to understand the product and its financials to make sure we select the most appropriate terms. With the advent of online banking, making financial decisions has not only become easier, but also banking as a process has become extremely transparent and simple. For the enhanced convenience of customers, leading insurance providers, banks and third party financial websites offer a dynamic tool on their portal called the loan EMI calculator. The tool available on this website offers the most comprehensive assistance with regard to the monetary aspects involved in two-wheeler loan.

    Also Read: Two Wheeler Insurance.

    What is an EMI Calculator?

    A two-wheeler loan EMI calculator is an online tool designed to calculate the EMI amount payable towards clearing the loan. You need to simply fill the financial details to get the required information. Once you enter all these details correctly, you can see the auto-computed EMI amount.

    In addition to the EMI amount, you get a bunch of additional information to aid your quest to choose the most suitable terms. Once you know the amount of EMI you have to pay every month, you can plan your monthly budget accordingly.

    Perfect Personal Loan Deals for you

    Advantages of Using EMI Calculator while Applying foe for Bike Loan:

    The benefits of using an EMI calculator are plenty. Let's explore some of the most prominent ones.

    Helps in knowing the EMI value:

    The primary use of this tool is to know the precise amount you will be paying every month. Getting the numbers beforehand helps in sorting your monthly budget. It eliminates the need for manual calculations and ensures accurate results.

    Aids in choosing the term:

    Once you have a definite EMI amount, it becomes a lot easier to choose the tenure of the loan. If you feel the value is a burden on your wallet, a higher tenure will do the trick by proportionately bringing down the value.

    Helps in comparison:

    If you’ve been offered loan from two or more banks for the motorcycle purchase, using this tool to compare the costs involved will do the trick by helping you choose the most suitable loan offer. Get the quote, use the calculator and jot down the outcome to compare on specific parameters.

    Helps in negotiating:

    Once you’re armed with the basics of the financials involved, it helps in negotiating key terms of the two-wheeler loan with the bank. Components such as rate of interest, processing fee and others can be easily negotiated after establishing the ground.

    Provides a break up of costs:

    This free-to-use tool not only provides the EMI value, but also offers useful information such as breakup of the charges involved in the loan such as interest and processing fee.

    Two Wheeler Loan EMI Amortization Table:

    The most visible use of this tool is the amortization table which provides month wise breakup of principal and interest charges that go into calculating the EMI amount.

    Apply for Personal Loan

    How to use Bike Loan EMI Calculator?

    An easy-to-use calculator, this tool lets you get the desired results in just under a minute. Before using this tool, gather information such as the proposed loan amount, loan tenure, interest and processing fee (both in percentage). Once you have these details handy, follow the steps below to get the required results.

    • On scale 1 titled Loan Amount, use the slider to freeze the principal loan amount. Move the scale slowly to ensure you select the correct amount. The result is displayed at the end of the scale.
    • In a similar manner, use scale 2 titled Tenure and freeze the tenure of the loan in months.
    • In the following tabs, input the interest rate and processing fee using the numeric keypad and click “Calculate”.

    Elaborate details relating to the loan breakup which include the EMI value is instantly displayed for review. The tool can be reused to compare two-wheelers loan offers from various banks.

    Getting a two-wheeler can be an exciting experience. Understanding the product and the monetary components helps you in signing up for the right two-wheeler loan and enjoy the goodness of your new motorcycle.

    News about Two Wheeler Loan EMI Calculator

    • Bajaj launched the new Bajaj V12

      Bajaj has recently launched its latest version in the commuter series of bikes called the Bajaj V12. The Bajaj V12 is a 125CC version of the immensely popular Bajaj V15, which carries a 150CC engine. The Bajaj V12 is priced at Rs,56,200 (ex-showroom Delhi) and is available in two colours, Wine Red and Ebony Black. The booking price for the bike is Rs.1,000 and has no waiting period for delivery, currently. Most showrooms in Mumbai and Pune have received the bike and it will be available in showrooms across the country shortly. The new Bajaj V12 has a lot in common with the larger variant the Bajaj V15, but there have been a few changes made. The new Bajaj V12 comes with drum brakes in the front instead of the 240mm disc on the V15. The biggest change the Bajaj V12 has seen from its predecessor is its new engine, the motorcycle comes with a 125CC, single-cylinder, long-stroke, oil-cooled engine, which delivers 10.7BHP and a maximum torque of 11Nm through a five-speed gearbox to the rear wheel.

      5th January 2017

    • Hero Motocorp Launches First Locally Developed Motorcycle

      Pawan Munjal, chairman, MD and CEO, of Hero MotoCorp launched its new motorcycle Achiever 150 motorcycle replacing the outgoing Achiever, which was first developed under Hero Honda partnership in 2006. This particular global launch has been aimed for being a head-turner based on Munjal’s stating  that it is supposed to be a crucial event planned for a brand new product for global distributors as well as a few domestic retailers. The new bike will come fully loaded with a new engine, newly designed chassis and a brand new body. Two wheeler loans will be made available for purchasing these motorcycles.

      10th October 2016

    • Paytm to Collaborate With Suzuki Motorcycles

      Suzuki Motorcycles India has announced that is has struck a strategic alliance deal with India’s biggest mobile payment and e-commerce portal, Paytm. With this collaboration, Paytm users will now be able to access Suzuki’s complete range of motorcycles and scooters, with the added convenience of making online bookings and financing without leaving their homes. At present, Suzuki has brought more than 400 dealerships onboard for the alliance, which will help the company target some of the most remote and inaccessible sectors of India. Users can log on to the Paytm website and browse through the virtual Suzuki showroom, which will display prices as well as specifications. Once the customer chooses the vehicle he or she wishes to book, the user will be directed to the nearest Suzuki dealership in the area where the delivery and registration of the two-wheeler can be finalised. Buyers can also avail of various financing options through the online portal. Paytm has set a target of 10,000 units to be reached through their online portal by the end of the year.

      20th July 2016

    • Honda launches its new gearless scooter Navi, in Goa

      The new gearless funky scooter by Honda was launched recently in Goa. Navi, which looks like a mini bike but is actually like a gearless scooter is Honda’s funky take on scooters that are a hot favorite especially among women in the country. The target customer for this automobile is the young generation especially the college-going crowd.

      The ex-showroom price of the vehicle is around Rs.41000 in Goa and is available through all Honda dealers across the country. Navi has been developed totally from concept to reality by the Hinda India team and is the first vehicle by Honda India that has been manufactured this way. The scooter comes in a plastic body in 5 different color variants to be chosen from.

      27th June 2016

    • Two-Wheeler Prices to Rise Following Motor Vehicle Tax Structure Revision

      With the revision in basic motor vehicle tax structure, two-wheeler prices are set to increase with the revision coming into effect on June 7th. The premium two-wheeler segment is likely to be hit hardest by the revision, as customers looking to purchase a new vehicle under this segment will be required to pay much more than before. The basic motor vehicle tax has been increased from 3 per cent to 20 per cent, with tax slabs for imported bikes doubling. The tax structure for imported two-wheelers will now fall in the range of 16 per cent to 20 per cent, which is a sharp increase from the previous rate of 7 per cent. While this rate of 7 per cent applied to both domestic and imported bikes prior to the tax structure revision, the applicable tax for domestic bikes will now stand at 10 per cent, while the tax for imported bikes could rise up to 20 per cent. Deputy Regional Transport Officer, Subhash Pedamkar stated that since most bikes today are of high value, buyers will certainly feel the pinch from now on.

      16th June 2016

    Two Wheeler Loan by Other Banks
    Two Wheeler Loan

    Customer Reviews

  • Page 1 of 50 1 2 3 4 5
    • HDFC Bank Two Wheeler Loan
      "Always the best"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan twice from HDFC Bank. There were two different instances and both times, the experience is good and satisfactory. The process was quick and very much easy as well. The rate of interest and processing charges was also smooth.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 13, 2017
    • Shriram City Two Wheeler Loan
      "Good Service"
      SHRIRAM CITY UNION FINANCE
      0.5 3.0/5 "Satisfactory"
      I got a 2 wheeler loan from SHRIRAM CITY UNION FINANCE. They just took 3 days of time to disburse my loan. The customer service and the response is good. The rate of interest very high when compared with others. I have finished paying this loan within a year of time.
      Was this review helpful? 0
      , salem
      Reviewed on Jul 13, 2017
    • Shriram City Two Wheeler Loan
      "Helpful Service"
      SHRIRAM CITY UNION FINANCE
      0.5 4.5/5 "Excellent!"
      I had taken the two wheeler loan from Shriram. This is an ongoing loan. I do not recall the interest rate but last year only I got the loan. Shriram was very supportive during the loan process. They immediately approved the loan and sanctioned it on time.
      Was this review helpful? 1
      , kolar
      Reviewed on Jul 12, 2017
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I got a 2 wheeler loan from Bajaj Finserv. They have disbursed the loan within a week time, the rate of interest is nominal with Bajaj finserv. I am happy with the loan amount. I have paid Rs.37,000 as Initial amount and the loan got sanctioned for Rs,60,000 and I am satisfied with the service.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jul 12, 2017
    • review Two Wheeler Loan
      "Good Offer"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I had taken two wheeler loan from Bajaj about long time back. In the first week of launching Bajaj Platino, they had announce an offer. The cost of the bike is 32,500, as per the offer I paid 20,000 and for the rest of the amount I paid it as EMI. But there is no interest rate for the loan. It was a good offer and good service from Bajaj.
      Was this review helpful? 0
      , erode
      Reviewed on Jul 11, 2017
    • review Two Wheeler Loan
      "Excellent Service"
      HDFC LIFE
      0.5 5.0/5 "Blown Away!"
      My bike loan was taken from Hero Finance, this loan was taken in 2015. The loan amount what I taken was around 60k. I had made a down payment of around 15000 rupees. The total EMI is for 110months, the EMI amount is 3000. All the information was properly conveyed to me, and in 2016 I have closed this account
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 09, 2017
    • HDFC Bank Two Wheeler Loan
      "Excellent Service"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      I have availed two wheeler loan from HDFC bank, this loan would get completed most probably by 6 months. Their interest rate is very nominal when compared with other banks in the market. I am happy banking with HDFC. Their response and the customer service provided by HDFC Bank is really excellent.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jul 07, 2017
    • ICICI Two Wheeler Loan
      "Unhappy with the services"
      ICICI BANK
      0.5 1.0/5 "Really Bad"
      I have earlier taken a two wheeler loan from ICICI Bank and the process was not satisfactory. The customer support was not responsive and the whole process was inconvenient. They did not respond on time. The bank is not recommendable and the interest rates are high.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 07, 2017
    • HDFC Bank Two Wheeler Loan
      "Customer friendly bank"
      HDFC BANK
      0.5 4.0/5 "Great!"
      HDFC bank is also plays a good role, I am very satisfied with their charges and their norms are good. That's the reason I have taken two loan from HDFC, My loan amount is around Rs.53,000 to purchase Activa worth of Rs.62,000 before two months. Overall HDFC good experience.
      Was this review helpful? 1
      , indore
      Reviewed on Jul 07, 2017
    • HDFC Bank Two Wheeler Loan
      "Good in customer service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      For two wheeler loan, I had approached HDFC bank and the services are good with them. I had taken the loan with the interest rate of 9.5%. They done with the process in a good manner and all their services are really good. I am happy with HDFC bank.
      Was this review helpful? 1
      , raipur
      Reviewed on Jul 07, 2017
    • HDFC Bank Two Wheeler Loan
      "Supportive "
      HDFC BANK
      0.5 4.0/5 "Great!"
      My two wheeler loan is running with HDFC bank. Recently I got this loan and I had done with 2 EMIs. I do not remember about the interest rate but I am happy with the bank for the loan process. Actually this is my second two wheeler loan from the bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 06, 2017
    • HDFC Bank Two Wheeler Loan
      "Wonderful "
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have closed the two wheeler loan with the HDFC bank and the interest rate was bit like it was around 14%. Customer service and everything was good, also I don't have any issues with them till now. Response is also good one with the HDFC bank.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 06, 2017
    • L&T Finance Two Wheeler Loan
      "Excellent"
      L&T FINANCE LIMITED
      0.5 4.0/5 "Great!"
      Services are good with Larsen and turbo a in availing bike loan is good enough and the main reason approaching this is rate of interest. Initially this was named as Family credit, customer service team is quite ok and overall I like the service from them
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • review Two Wheeler Loan
      "Its Great"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took a two wheeler loan from Bajaj Finserv they offered me 8% of interest which is the very least in the market, they are very much responsible I felt it is a better service. Moreover they are supporting the customer by offering a lower interest based on their need. My loan amount was Rs. 1.67 lakh, I purchased Ktm 319 bike worth Rs. 3 lakhs and it is recently launched.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2017
    • HDFC Bank Two Wheeler Loan
      "Dissatisfied service"
      HDFC BANK
      0.5 1.0/5 "Really Bad"
      I already submitted all the document to HDFC for two wheeler loan. But they kept changing the interest rate they were not transparent in their process. Initially they told me interest rate would be around 12 % then they changed to 20% of interest. I am not fine with their service, Though I am an existing customer they are not good in offers.
      Was this review helpful? 2
      , amritsar
      Reviewed on Jul 03, 2017
    • ICICI Two Wheeler Loan
      "Excellent and satisfactory service"
      ICICI BANK
      0.5 4.0/5 "Great!"
      ICICI is very much transparent, they provide all the information about the charges. I took two wheeler loan amount of Rs.30,000 for an interest rate of 12.5% this is for a tenure of six years, my EMI was Rs.3000 now my loan amount got closed without any hassles.
      Was this review helpful? 1
      , amritsar
      Reviewed on Jul 03, 2017
    • ICICI Two Wheeler Loan
      "Interest rate has to be reduce"
      ICICI BANK
      0.5 4.0/5 "Great!"
      Earlier, I was holding a salaried account with ICICI so they were able to process the two wheeler loan approval without any hassles. My two wheeler loan amount was Rs. 38,000 that was for a tenure of three years. Interest rate was good. Their way of approach was also good, I don't want to run behing banks rather they voluntary offered the loan.
      Was this review helpful? 2
      , hubli
      Reviewed on Jul 03, 2017
    • review Two Wheeler Loan
      "Satisfactory services"
      BAJAJ FINSERV
      0.5 4.5/5 "Excellent!"
      I have taken my two wheeler loan earlier from Bajaj Finserv and the process is good. I received the loan on time and the after loan services is also perfect. The documentation was not much. It was a nice experience as they were supportive. The interest rate and charges was a bit high.
      Was this review helpful? 2
      , pune
      Reviewed on Jun 25, 2017
    • HDFC Bank Two Wheeler Loan
      "Not Happy"
      HDFC BANK
      0.5 2.0/5 "Expected more"
      During the year of 2014, I got two wheeler loan from HDFC bank. Interest rate was high with the bank and the process was average. I had already completed the loan. But I am not happy with the services of HDFC bank for the two wheeler loan process.
      Was this review helpful? 1
      , guwahati
      Reviewed on Jun 24, 2017
    • review Two Wheeler Loan
      "Good overall"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      Bajaj Finserv was too good in the process for the two wheeler loan. I had taken the loan couple of years back and the process was smooth and the after loan services was good too. I never had issues during the process and in all there were no hassles as such.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 24, 2017
    Common Loader Icon
    Page 1 of 50 1 2 3 4 5
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.