• Two Wheeler Loan EMI Calculator

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    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.

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    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.

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    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.

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    News about Two Wheeler Loan EMI Calculator

    • Three New Bikes Launched by UM Motorcycles at 2018 Auto Expo

      UM Motorcycles has showcased 3 new motorcycles at the 2018 Auto Expo held in Greater Noida - Renegade Thor, Renegade Duty S, and Renegade Duty Ace. Renegade Thor - the world’s first geared cruiser - produces a maximum power of 30 Kw at 8,000 rpm with a maximum torque of 70 Nm, and is priced at Rs.4.9 lakh. The motorcycle sports a 5-speed transmission coupled with a Li-Po battery that customers will be able to charge without any cost for the initial 2 years at UM dealerships.

      While the Renegade Duty Ace and Duty S are targeted towards the urban youth, the specifications of both the bikes are quite alike. Both the motorcycles feature single-cylinder, oil-cooled, 4-stroke, 223cc engines combined with 5-speed gearboxes and 10-litre fuel tanks to offer a mileage of 41 kmpl. The company has also announced that the 3 bikes will become customisable in future.

      12 February 2018

    • Last Date of Application Under Amma Two-Wheeler Subsidy Scheme Extended

      Since the introduction of the Amma two-wheeler subsidy scheme, the Transportation Department of Tamil Nadu has received approximately 91,200 women’s applications for driving or learner license, out of which 23,000 applications came from Chennai alone. According to the records, over 60% of the female applicants were working professionals between 18 and 30 years. Usually, the Regional Transport Offices (RTOs) of the state receive 1 lakh applications per month. However, the Tamil Nadu Transport Department has received the same number of applications in 6 days after the subsidy scheme was launched. Considering the popularity of the scheme, the Government has decided to postpone the last date of application submission for the Amma two-wheeler subsidy scheme till 10 February 2018.

      9 February 2018

    • Alternative Fuel and Electric Vehicles Are the Future of the Two-Wheeler Industry

      Looking at the demand for alternative and electric vehicles, two major two-wheeler manufacturing companies are set to introduce electric and flex-engine motorcycles. The flex-fuel or dual-fuel engines will be capable of running on 100% petrol as well as 100% ethanol. To this end, Nitin Gadkari - Minister of Road Transport and Highways in India - is currently urging manufacturers to increase the amount of ethanol production to meet the upcoming demand. Ethanol is a cost-effective and clean alternative to petrol or diesel, and can be easily manufactured using different kinds of produce such as wheat straw, rice straw, bamboo etc. Therefore, the Government of India is also working to introduce policies that will encourage the agriculture industries to diversify and produce ethanol. This will not only turn around the economy of the agriculture industry, but will also give rise to new industries. The minister also states that the transportation industry of India is gearing up to make a shift towards electric, ethanol, methanol, biodiesel, bio-CNG based vehicles. A number of companies are manufacturing lithium ion batteries while a fleet of 1,000 electric auto-rickshaws was launched in Gurgaon.

      1 February 2018

    • TVS Motor Company to Introduce 5 New Two-Wheelers at the 2018 Auto Expo

      TVS Motor Company is set to launch 5 new motorcycles and bikes at the upcoming Auto Expo in February 2018 - TVS Apache RR310 Race Edition, TVS Graphite, TVS Jupiter Electric, TVS Apache 160, and TVS Apache 180. The TVS Apache RR310 Race Edition is expected to sport cutting-edge engineering coupled with more aggressive looks. The TVS Apache 160 - a popular bike among the youngsters - is supposed to get an upgraded outlook while maintaining the engine specifications from the earlier model. On the other hand, TVS Apache 180 will get updates similar to the Apache RTR 160. While TVS Motor Company drives to take on the performance scooter models in the market such as Aprilia SR150 and Honda Dio with its TVS Graphite, the company plans to venture the e-mobility market with its flagship product - TVS Jupiter Electric.

      30 January 2018

    • Mahindra to display Mojo UT300 sports bike at Auto Expo 2018

      Mahindra Two-Wheelers recently has been doing tests for the low-priced variant of its solo sports motorcycle known as the Mojo 300. It has been reported that in the southern part of the country, a few dealers of Mahindra have started to take bookings for this model. According to sources, the company may exhibit Mojo UT300 at the Auto Expo 2018, which is to be held the month of February. It will have a fuel tank worth 21 litres. It will most be released in the public market from February 9 to February 11.

      23 January 2018

    • Bajaj Auto achieves an increase of 13% in its two-wheelers in December 2017

      Bajaj Auto had a great year over 2017 when it released a few new products successfully. The leading two-wheeler manufacturer of the country attained an increase of 13% exclusively for its two-wheeler sales in the month of December in 2017. In December 2016, the company made sales of 203,312 units, whereas in December 2017, the company made sales of 228,762 units. In the context of commercial vehicles, the two-wheeler company attained sales of 36,579 units in the month of December 2017. In the context of exports, the company exported approximately 27,206 CV units in December 2017, in contrast to 9,157 units that were exported in December 2016.

      11 January 2018

    • Kawasaki India releases a teaser of Vulcan Cruiser Motorcycle

      Kawasaki India recently released a teaser of its middleweight cruiser known as Vulcan S cruiser on the official website of the bike manufacturer. The bike is expected to be launched in the year 2018. It will most likely compete with Harley Davidson Street 750 and Street Rod and the Hyosung ST7. The estimated price of this vehicle ranges from Rs.6 lakh to Rs.6.5 lakh. The Vulcan may have an old school look with an advanced mill. The bike will weigh around 228 kg (kerb weight). It will have a low seat height and a better rake and trail.

      2 January 2018

    • Okinawa is planning to launch an electric bike in a couple of months

      Okinawa Autotech, the electric two-wheeler manufacturer, is planning to launch an electric bike in coming two months. Following the upcoming launch, the company might release one more electric motorcycle later on. This plan is opted by the company in order to boost up their operations in the country.

      This company which has released its second electric scooter Praise on Tuesday at Rs.59,889 is also targeting to sell 5,000 scooter units in FY 2017-18. The newly released model boasts of 170-200 km range on single charge and comes with a maximum speed of 75 km/hr. Among the other striking features, this new electric scooter has a boot capacity of 19.5 l, alloy wheels, disc brakes, various driving modes and a mobile charging point.

      The company also has plans to set up a new manufacturing plant in next two years. As per the reports, they have shortlisted few locations and will soon set up the plant based on the market conditions. At present, Okinawa has an existing manufacturing plant at Bhiwadi in Rajasthan having a capacity of 90,000 units p.a.

      27 December 2017

    • 15 Royal Enfield Limited Edition Classic 500 two-wheelers sold out in 15 seconds

      An online sale had been announced by Royal Enfield for its 15 limited-edition 'Stealth Black' Classic 500 motorcycles which were part of 'Fight Against Terror' motorcycle expedition of the NGS. This sale opened up great opportunity for the buyers to purchase one of the 15 bikes used by the National Security Guards.

      The sale which started at 12 pm on 13 December 2017 attracted more than 2,000 buyers and all the 15 bikes were sold out within 15 seconds of its initiation. The proceeds generated from the sale of the motorcycles which were priced at Rs.1.90 lakh will go to the non-profit organisation for differently-abled children, Prerna. The motorcycles will be handed over to their buyers at a local Royal Enfield dealership after the payment of the full amount.

      20 December 2017

    • Royal Enfield reveals new 650cc twin engine

      Royal Enfield has revealed a brand new 650cc twin engine which will power the next generation of Royal Enfield motorcycles. The new engine was developed by Royal Enfield's Chennai teams and the UK Technology Centre. It is a 4-stroke, air cooled, single overhead cam, 648cc parallel twin-cylinder engine with 47bhp and 52 Nm torque. The engine has been tested in 10 lakh kilometres in various environments like grounds, public roads, and race tracks in Europe and India.

      Royal Enfield will launch new bikes with the new 650cc engine by April 2018. Existing Royal Enfield customers who are looking to upgrade as well as new riders are targeted with this new engine that falls under A2 licence-friendly power. Royal Enfield has sold 378,304 units in the first half of the fiscal year, showing a 23.17% growth. 8,561 units were exported, showing 17.69% growth during April-September 2017. The company is currently focused on self-improvement rather than beating its competition.

      6 November 2017

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    Customer Reviews

  • Page 1 of 50 1 2 3 4 5
    • review Two Wheeler Loan
      "Disappointed Experience"
      BAJAJ FINSERV
      0.5 3.0/5 "Satisfactory"
      I was having out standing loan amount, hence Bajaj Finserv have not approved loan based on the credit score. Finally I took from my parents name. The loan process was difficult they stick to the credit score to take Rs. 50,000 to 60,000 of minimum amount. Service was not friendly and charges are more.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • review Two Wheeler Loan
      "Customer service should be improve"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I closed Bajaj Finserv two wheeler loan, it was average experience. I approached through the dealer, the customer service was good they processed my documents on time. I took the amount of Rs. 30,000 for tenure of 30 months, I paid all the dues.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 16, 2018
    • State Bank of Mysore Two Wheeler Loan
      "Good service"
      STATE BANK OF MYSORE
      0.5 5.0/5 "Blown Away!"
      My two wheeler loan got approved from the STATE BANK OF MYSORE within the promised time. The customer support service and the response was good with the STATE BANK OF MYSORE. The rate of interest and the charges are average with the STATE BANK OF MYSORE two wheeler loan.,
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a credit card with HDFC bank,the loan amount is 50,000.The rate of interest is nominal as compared to others.No processing fees for the same,the tenure is for 24 months.I closed five years ago.I dint have any foreclosure charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 16, 2018
    • review Two Wheeler Loan
      "Good Loan"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took an Avenger bike using these Financiers. They gave me the Loan almost immediately within 2 hours. Their charges are all pretty decent throughout. I haven't had even a single cheque bounce in this Loan until now. The overall experience has been good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • review Two Wheeler Loan
      "Very good service"
      INDUSIND BANK LTD
      0.5 4.0/5 "Great!"
      I have got the two wheeler loan experience from the INDUSIND BANK LTD around a year ago. The customer support is good with the INDUSIND BANK LTD , they have disbursed the loan amount within 5 to 6 days of time. The rate of interest and the charges are low with the INDUSIND BANK LTD two wheeler loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      Got the Two wheeler loan from the HDFC bank around 3 months ago. The customer support service is good with the HDFC bank. They have disbursed the loan amount within 10days of time. They have offered me the loan amount up to 70% and I am satisfied with it.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
    • L&T Finance Two Wheeler Loan
      "Good service"
      L&T FINANCE LIMITED
      0.5 4.0/5 "Great!"
      I have taken a home loan with L& T and my loan experience was very good. The loan amount was for Rs 40000 with the rate of interest of 11% which is nominal when compared to other banks. The process was very fast and i received my loan within 2-4 days. Customer service was good, they responded on time and the tenure of this loan is 18 months.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 15, 2018
    • review Two Wheeler Loan
      "Better service "
      INDUSIND BANK LTD
      0.5 4.0/5 "Great!"
      I have taken Two wheeler loan with Indusind bank,the loan amount is 30,000.the tenure is for 11 months,the rate of interest is very high as compared to others.The EMI active of 3350 i pay it through an ECS payments.They had processed quickly and submitted limited documents.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 15, 2018
    • review Two Wheeler Loan
      "Quicker approval"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I had a two wheeler loan with Bajaj and it was closed by last year. I have purchased Pulsar RS 200. They processed the loan quickly and everything was taken care by the showroom people. The loan procedure was very simple and fore closing can be done easily through online.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 14, 2018
    • ICICI Two Wheeler Loan
      "ICICI bank two wheeler loan"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan from ICICI bank and the approved loan amount was 50000. The rate of interest was nominal. The monthly EMI comes around 2000 for a tenure of 3 years. The process was quiet good and simple. The customer service and response is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I have taken a two wheeler loan with Bajaj Finserv and my loan experience was very good. The loan amount was for Rs 40000 with the rate of interest of 12% which is nominal when compared other sources in the market. The tenure of this loan is 24 months and the services provided are very good with Bajaj Finserv.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Its Best"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      My two wheeler was closed with Bajaj Finserv, they process absolutely good. They done the process very quickly my dealer delivered the vehicle on time. Even the interest rate and charges was nominal. When my loan got completed I got NOC from them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I have taken Two wheeler loan with Bajaj Finserv,the loan amount is 68,000 credited the same day,they are very quick in processing the request unlike other banks,the rate of interest is very high.They had deducted 5000 as processing fees.The payments are getting deducted from my account via ECS.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Best service"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler loan with IndusInd bank and my loan experience was very good. The loan amount was for Rs 40000 with the nominal rate of interest when compared to other banks. Customer service was good and they followed up on time. The process was smooth, i received my loan amount within 1 week and the tenure of this loan is 16 months.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 13, 2018
    • Shriram City Two Wheeler Loan
      "Good service"
      SHRIRAM CITY UNION FINANCE
      0.5 5.0/5 "Blown Away!"
      My two wheeler loan got approved by SHRIRAM CITY UNION FINANCE and I have got the loan amount up to 70%. The customer service is good with the SHRIRAM CITY UNION FINANCESHRIRAM CITY UNION FINANCE . The rate of interest and the charges are average with the SHRIRAM CITY UNION FINANCE two wheeler loan. I would say , I am satisfied with SHRIRAM CITY UNION FINANCE two wheeler loan services.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 13, 2018
    • review Two Wheeler Loan
      "Best service"
      INDUSIND BANK LTD
      0.5 4.5/5 "Excellent!"
      I have taken a two wheeler loan with IndusInd bank and my loan experience was very good. The loan amount was for Rs 60000 with the rate of interest of 12% which is nominal when compared to other banks. The process was smooth and the tenure of this loan is 24 months. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 13, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 3.5/5 "Pretty good"
      I have applied for the Two wheeler loan with the HDFC bank around 5 days ago and I haven't got the call yet from the customer service of HDFC , I believe they will be giving me a call back immediate to process my two wheeler loan application. the customer support service is good with the HDFC bank.
      Was this review helpful? 0
      , gorakhpur
      Reviewed on Feb 12, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      Got the TWO wheeler loan from the HERO FINCORP LIMITED , I have got his two wheeler loan around 2 years ago. The customer support is good with the HERO FINCORP?LIMITED and they have disbursed the loan amount with in a week time. The rate of interest and the charges are average with the HERO FINCORP LIMITED. I am satisfied with the Two wheeler loan service offered by HERO FINCORP LTD.
      Was this review helpful? 0
      , bhimavaram
      Reviewed on Feb 12, 2018
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      Within a week time I have got the Two wheeler loan from the BAJAJ FINSERV. The customer support was good with the BAJAJ FINSERV and they gave me better response in regards to my BAJAJ FINSERV two wheeler loan. The rate of interest and the charges are average with BAJAJ FINSERV.
      Was this review helpful? 0
      , erode
      Reviewed on Feb 12, 2018
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