Bike Loan Calculator
Calculate monthly EMI, total interest and total repayment for your two-wheeler or bike loan.
Two-wheeler loans are one of the most popular retail loan products in India, with over 20 million two-wheelers sold annually. Whether you are buying a commuter bike, a scooter for city use, or a premium motorcycle, a bike loan lets you spread the cost over 1 to 7 years. This calculator helps you compute the exact monthly EMI, total interest payable, and the total repayment amount — so you can compare offers from different banks and NBFCs before walking into a showroom.
📋 How to Use This Calculator
Enter the bike price or loan amount (after down payment, if any). Input the annual interest rate offered by the lender — bike loan rates in India typically range from 8.5% to 16% p.a. depending on the lender, your credit score, and the loan tenure. Enter the tenure in years (1 to 7). The EMI, total interest and total repayment amount are calculated instantly. Compare multiple scenarios by adjusting the interest rate or tenure to find the most affordable plan.
💡 Key Facts & Information
Bike loan interest rates in India: SBI at 12–16% p.a., HDFC at 10–14% p.a., Bajaj Finance at 9–14% p.a., and NBFCs at 15–22% p.a. Dealers often offer in-house financing at higher rates bundled with accessories. A higher CIBIL score (750+) qualifies you for lower rates. The LTV (Loan-to-Value) ratio for bike loans is typically 80–90% of the on-road price, so plan for 10–20% as a down payment. Loan processing fees are usually 1–2% of the loan amount plus GST.