Loans
Bike Loan EMI Calculator
Two-wheeler loans typically range 9.5–14% with 1–4 year tenure. Most lenders finance 85–95% of on-road price. Calculate EMI before walking into the showroom.
Inputs
₹
₹20.0 K₹15.00 L
%
7.00%20.00%
yr
1 yr5 yr
Monthly EMI
₹3,844
Total interest
₹18,382
Total payment
₹1,38,382
Payment breakdown
Principal vs Interest · 3 time period
PrincipalInterest
Bike loan tips
- • Down payment matters: 15–20% down usually means lower interest rate
- • Avoid 4–5 year tenures: Bikes lose value faster than EMIs reduce — you'll be underwater
- • Manufacturer finance: Hero/TVS/Bajaj subsidiaries often have promotional rates (sometimes 0% with offers)
- • Insurance bundled: Some lenders bundle 1–5Y insurance into loan amount — check the EMI doesn't include insurance you don't need
- • Processing fee: 1–2.5%, often negotiable
Indicative rates (May 2026)
- • HDFC / ICICI: 9.50–11.50%
- • SBI: 9.85–11.50%
- • Bajaj Finserv: 10.99–14%
- • Manufacturer finance (Hero FinCorp, TVS Credit): 10–14% with promotional offers