EMI Calculator for Two Wheeler
Two wheeler loan is beneficial for salaried and self-employed people as well as students with co-apply people.
Maximum loan amount: ₹5,00,000
Lenders' published rates for Two Wheeler Loan: 8.50%–38.00% p.a..
Maximum tenure: 4 years (48 months)
Monthly EMI
₹4,546
Total interest
₹9,094
Total payment
₹1,09,094
Indicative only — your actual EMI depends on the lender's exact rate and terms at sanction.
Principal vs. interest
- Principal 91.7%
- Interest 8.3%
Principal & interest paid per year
Time on the x-axis, amount repaid on the y-axis — early on leans toward interest, later on toward principal.
Full breakdown, starting this month
Assumes your first EMI falls this month — click a period to see every month within it.
Nov 2026 – Oct 2027 Principal paid₹47,884 Interest paid₹6,663 Total paid₹54,547
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Nov 2026 | ₹3,837 | ₹708 | ₹4,546 | ₹96,163 |
| Dec 2026 | ₹3,864 | ₹681 | ₹4,546 | ₹92,298 |
| Jan 2027 | ₹3,892 | ₹654 | ₹4,546 | ₹88,407 |
| Feb 2027 | ₹3,919 | ₹626 | ₹4,546 | ₹84,487 |
| Mar 2027 | ₹3,947 | ₹598 | ₹4,546 | ₹80,540 |
| Apr 2027 | ₹3,975 | ₹570 | ₹4,546 | ₹76,565 |
| May 2027 | ₹4,003 | ₹542 | ₹4,546 | ₹72,562 |
| Jun 2027 | ₹4,032 | ₹514 | ₹4,546 | ₹68,530 |
| Jul 2027 | ₹4,060 | ₹485 | ₹4,546 | ₹64,470 |
| Aug 2027 | ₹4,089 | ₹457 | ₹4,546 | ₹60,381 |
| Sep 2027 | ₹4,118 | ₹428 | ₹4,546 | ₹56,263 |
| Oct 2027 | ₹4,147 | ₹399 | ₹4,546 | ₹52,116 |
Nov 2027 – Oct 2028 Principal paid₹52,116 Interest paid₹2,431 Total paid₹54,547
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Nov 2027 | ₹4,176 | ₹369 | ₹4,546 | ₹47,940 |
| Dec 2027 | ₹4,206 | ₹340 | ₹4,546 | ₹43,734 |
| Jan 2028 | ₹4,236 | ₹310 | ₹4,546 | ₹39,498 |
| Feb 2028 | ₹4,266 | ₹280 | ₹4,546 | ₹35,232 |
| Mar 2028 | ₹4,296 | ₹250 | ₹4,546 | ₹30,936 |
| Apr 2028 | ₹4,326 | ₹219 | ₹4,546 | ₹26,610 |
| May 2028 | ₹4,357 | ₹188 | ₹4,546 | ₹22,253 |
| Jun 2028 | ₹4,388 | ₹158 | ₹4,546 | ₹17,865 |
| Jul 2028 | ₹4,419 | ₹127 | ₹4,546 | ₹13,446 |
| Aug 2028 | ₹4,450 | ₹95 | ₹4,546 | ₹8,995 |
| Sep 2028 | ₹4,482 | ₹64 | ₹4,546 | ₹4,514 |
| Oct 2028 | ₹4,514 | ₹32 | ₹4,546 | ₹0 |
About the Two Wheeler Loan
A two-wheeler loan can be a great help for one to buy a new or used bike or scooter and also for the repayment of the cost. Instead of putting a strain on one's entire savings, one can take out a two-wheeler loan which will provide one with the amount required and allow one to pay the amount through instalments.
Find your ideal Tenure
Pick 3 tenures to compare — same ₹1,00,000 at 8.50% each time.
| Tenure | EMI | Total interest |
|---|---|---|
| ₹8,722 | ₹4,664 | |
| ₹4,546 | ₹9,094 | |
| ₹2,465 | ₹18,312 |
Compare Rates & Savings
Pick 3 rates to compare — same ₹1,00,000 over 2 years each time.
| Rate | EMI | Total interest |
|---|---|---|
| ₹4,546 | ₹9,094 | |
| ₹5,250 | ₹25,994 | |
| ₹6,011 | ₹44,270 |
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Two Wheeler Loan EMI — frequently asked questions
What is the interest rate on a Two Wheeler Loan?
The interest rate varies from one lender to another. It may depend on factors such as your credit score, income, loan amount, tenure, and lender policies.
Can I get a Two Wheeler Loan for a used bike?
Yes, some lenders offer financing for used or pre-owned two-wheelers. The loan amount, interest rate, vehicle age, and tenure may vary according to the lender's terms.
Who can apply for a Two Wheeler Loan?
Salaried and self-employed individuals with a regular source of income can generally apply for a Two Wheeler Loan. The applicant must also meet the lender's age, income, credit, and documentation requirements.