Bike Loan EMI Calculator
Plan your two-wheeler purchase. Calculate monthly installments for your bike or scooter loan.
Loan Details
₹10,00,000
8.5%
10 Yr
EMI Breakdown
Monthly EMI
₹0
Principal Amount₹10,00,000
Total Interest₹0
Total Payable₹0
Principal
Interest
Two-Wheeler Finance
Buying a bike is often the first vehicle purchase for many.
- Interest Rates: Usually slightly higher than car loans.
- Processing Fees: Check for hidden charges or processing fees which can range from 1-3%.
Hypothecation
Until the loan is fully paid, the bike remains hypothecated to the bank. You need to obtain a NOC from the bank to remove hypothecation from your RC smart card after repayment.
Frequently Asked Questions
Do bike loans require a down payment?
Yes, typically 10-15% of the bike's value is required as a down payment, though some lenders offer 100% financing.
What is the tenure for bike loans?
Bike loan tenures usually range from 1 to 5 years.