Is my data collected or saved when using onlinecalculators.in?

No. This website does not collect or save any user data. All calculations run strictly inside your own mobile phone or computer. Nothing is sent to our servers.

Are these calculators made according to Indian rules and rates?

Yes. All calculations follow official Indian standards, including RBI interest rate rules, MSME Development Act 2006 compound interest, EPFO guidelines, and Indian banking norms.

Do I need to login or enter my mobile number to download calculation results?

No login, email, or mobile number is required. You can calculate and immediately download your calculation summary as a TXT file directly on your device.

Do I need to download an app or log in to calculate my bike loan EMI?

No. The calculator is 100% free with no app download, sign-up, or personal registration required.

What formula is used to calculate Two Wheeler Bike Loan EMI?

Bike Loan EMI is calculated using the standard formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is Loan Principal Amount, R is Monthly Interest Rate (Annual Rate / 12 / 100), and N is Tenure in Months.

How does down payment affect my bike loan EMI?

Paying a higher down payment reduces the required principal loan amount, which lowers your monthly EMI installments and overall interest burden.

Is my bike loan computation data stored on any server?

No. All calculations run locally in your web browser; nothing entered is transmitted or stored anywhere.

Bike Loan EMI Calculator - Two Wheeler EMI India

Bike Loan EMI Calculator India

Two wheeler loan EMI, total interest, processing fee and year-wise schedule. Free, no sign-up.

Bike on-road price (₹)

Down payment (₹)

Interest rate (% per year)

Loan tenure (years)

Processing fee (% of loan)

Monthly EMI 0

Loan amount
Loan as % of price
Total interest
Total payment (EMIs)
Processing fee + 18% GST
Total you pay for the bike
Number of EMIs

Year-wise payment table

Year	Principal	Interest	Balance

Formula used to calculate bike loan EMI

This bike EMI calculator uses the standard reducing-balance formula, the same method banks and finance companies use for two wheeler loans.

EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]

Symbol or term	Meaning
P	Loan amount. Bike on-road price minus your down payment.
r	Monthly interest rate. Annual rate divided by 12, then by 100.
n	Number of monthly instalments. Years multiplied by 12.
Total payment	EMI x n
Total interest	Total payment minus P
Processing fee	P x fee % / 100
GST on fee	Processing fee x 18% / 100
Total you pay for the bike	Down payment + total payment + processing fee + GST
Interest for a month	Opening balance x r
Principal for a month	EMI minus interest for that month

Example: Bike on-road price ₹1,20,000 with ₹20,000 down payment gives P = ₹1,00,000. At 12% for 3 years, r = 0.01 and n = 36. EMI comes to about ₹3,321, total payment about ₹1,19,572 and total interest about ₹19,572.

Amount in words: below 1,000 shows as it is. 1,000 and above shows as Thousand. 1,00,000 and above shows as Lakh. 1,00,00,000 and above shows as Crore.

Lenders may also charge documentation fees, insurance or prepayment charges. These are not included, so the final EMI and cost offered by your lender can differ slightly.

Bike loan interest rate and EMI by lender

Lenders quote a starting rate and decide your final rate from your income, credit score, bike model and down payment. The EMIs below use the rate shown, so your own EMI may be higher or lower. Put your offered rate in the calculator above for the exact figure.

Lender	Interest rate (as listed)	Processing fee (as listed)	EMI for 1 lakh, 3 years	EMI for 2 lakh, 4 years
SBI two wheeler loan	11.7% onwards	2% + GST (max Rs. 10,000 + GST)	₹3,307	₹5,237
ICICI Bank	10.25% onwards	Up to 4%	₹3,238	₹5,097
HDFC Bank	14.5% onwards	2.5%	₹3,442	₹5,516
Axis Bank	11% onwards	From 0.5%	₹3,274	₹5,169
Canara Bank	10.1% onwards	Nil	₹3,231	₹5,082
Punjab National Bank	10% onwards	Contact the bank	₹3,227	₹5,073
Bank of Baroda	12.4% onwards	2%	₹3,341	₹5,306
Tata Capital	12.5% onwards	Up to 4%	₹3,345	₹5,316
Hero FinCorp	14% onwards	At the lender's discretion	₹3,418	₹5,465

Rates and fees are indicative figures seen on a finance portal (BankBazaar) updated on 12 October 2026. SBI lists 11.70% to 15.70% for two wheelers, and the table shows the lowest. Lenders change terms often, so confirm the current rate with the lender before you apply.

How down payment changes your EMI

A bigger down payment means a smaller loan, a lower EMI and less interest. Example below: bike on-road price ₹1,20,000, interest 12%, tenure 3 years.

Down payment	Loan amount	Monthly EMI	Total interest
No down payment	₹1,20,000	₹3,986	₹23,486
₹12,000 (10%)	₹1,08,000	₹3,587	₹21,137
₹24,000 (20%)	₹96,000	₹3,189	₹18,789
₹36,000 (30%)	₹84,000	₹2,790	₹16,440
₹48,000 (40%)	₹72,000	₹2,391	₹14,091

Common bike loan terms and how to use this calculator

Term	What it means	How to use it here
Bike loan or two wheeler loan	A loan to buy a motorcycle or scooter. The vehicle is held as security by the lender until you repay.	Use this page as your bike loan EMI calculator. Enter the price, your down payment, the rate and the tenure.
Bike finance	Another name for a bike loan, often offered by the dealer through a bank or finance company.	Ask the dealer for the rate and fee, then check the EMI here before you agree.
On-road price	Ex-showroom price plus registration, road tax and insurance. This is what you actually pay.	Enter the on-road price from the dealer quote. It changes by city and variant.
Down payment	The part of the price you pay from your own pocket. The lender funds the rest.	Fill the down payment box. Loan amount is price minus down payment.
Bike EMI	The fixed amount you pay every month. It includes principal and interest.	Read the Monthly EMI box. It updates as you type, so there is no button to press.
Bike loan interest rate	The yearly cost of borrowing as a percentage. Banks usually charge less than finance companies.	Type the rate from your offer into the interest rate box and compare lenders.
Scooter loan	The same loan for a scooter such as a Honda Activa or TVS Jupiter. The EMI formula is identical.	Enter the scooter on-road price and use the same steps.
Electric scooter loan	A loan for an electric two wheeler. Some lenders list a slightly lower rate for electric vehicles.	Enter the electric scooter price and the rate you are offered.
Popular models: Hero Splendor, Honda Shine, Bajaj Pulsar, TVS Apache, Royal Enfield Classic 350, Yamaha R15, KTM Duke	Prices differ by city, variant and offers, so there is no single fixed price.	Get the on-road quote from your dealer, enter it as the price, then change the down payment and tenure to see the EMI.

50 popular bike loan EMI searches with ready results

People search a loan amount and want the monthly EMI. Each row below already shows the EMI, calculated with the reducing-balance formula at the rate and tenure shown. Processing fee and GST are not included in these EMIs. For your own numbers, use the calculator above.

#	What people search	Loan amount	Rate / Tenure	Monthly EMI	Total interest	How to use the tool
1	bike loan EMI for 30,000	₹30,000(30 Thousand)	12% / 3 yr	₹996	₹5,871	Set price 30000, down payment 0, rate 12, tenure 3.
2	two wheeler loan EMI calculator 40,000	₹40,000(40 Thousand)	12% / 3 yr	₹1,329	₹7,829	Set price 40000, down payment 0, rate 12, tenure 3.
3	50,000 bike loan monthly EMI	₹50,000(50 Thousand)	12% / 3 yr	₹1,661	₹9,786	Set price 50000, down payment 0, rate 12, tenure 3.
4	scooter loan EMI for 60,000	₹60,000(60 Thousand)	12% / 3 yr	₹1,993	₹11,743	Set price 60000, down payment 0, rate 12, tenure 3.
5	bike finance EMI 70,000	₹70,000(70 Thousand)	12% / 3 yr	₹2,325	₹13,700	Set price 70000, down payment 0, rate 12, tenure 3.
6	calculate EMI for 80,000 two wheeler loan	₹80,000(80 Thousand)	12% / 3 yr	₹2,657	₹15,657	Set price 80000, down payment 0, rate 12, tenure 3.
7	bike loan EMI for 90,000	₹90,000(90 Thousand)	12% / 3 yr	₹2,989	₹17,614	Set price 90000, down payment 0, rate 12, tenure 3.
8	two wheeler loan EMI calculator 1 lakh	₹1,00,000(1 Lakh)	12% / 3 yr	₹3,321	₹19,572	Set price 100000, down payment 0, rate 12, tenure 3.
9	1.25 lakh bike loan monthly EMI	₹1,25,000(1.25 Lakh)	12% / 3 yr	₹4,152	₹24,464	Set price 125000, down payment 0, rate 12, tenure 3.
10	scooter loan EMI for 1.5 lakh	₹1,50,000(1.5 Lakh)	12% / 3 yr	₹4,982	₹29,357	Set price 150000, down payment 0, rate 12, tenure 3.
11	bike finance EMI 1.75 lakh	₹1,75,000(1.75 Lakh)	12% / 3 yr	₹5,813	₹34,250	Set price 175000, down payment 0, rate 12, tenure 3.
12	calculate EMI for 2 lakh two wheeler loan	₹2,00,000(2 Lakh)	12% / 3 yr	₹6,643	₹39,143	Set price 200000, down payment 0, rate 12, tenure 3.
13	bike loan EMI for 2.5 lakh	₹2,50,000(2.5 Lakh)	12% / 3 yr	₹8,304	₹48,929	Set price 250000, down payment 0, rate 12, tenure 3.
14	two wheeler loan EMI calculator 3 lakh	₹3,00,000(3 Lakh)	12% / 3 yr	₹9,964	₹58,715	Set price 300000, down payment 0, rate 12, tenure 3.
15	4 lakh bike loan monthly EMI	₹4,00,000(4 Lakh)	12% / 3 yr	₹13,286	₹78,286	Set price 400000, down payment 0, rate 12, tenure 3.
16	scooter loan EMI for 5 lakh	₹5,00,000(5 Lakh)	12% / 3 yr	₹16,607	₹97,858	Set price 500000, down payment 0, rate 12, tenure 3.
17	1 lakh bike loan EMI for 1 year	₹1,00,000(1 Lakh)	12% / 1 yr	₹8,885	₹6,619	Set price 100000, down payment 0, rate 12, tenure 1.
18	1 lakh bike loan EMI for 2 years	₹1,00,000(1 Lakh)	12% / 2 yr	₹4,707	₹12,976	Set price 100000, down payment 0, rate 12, tenure 2.
19	1 lakh bike loan EMI for 4 years	₹1,00,000(1 Lakh)	12% / 4 yr	₹2,633	₹26,402	Set price 100000, down payment 0, rate 12, tenure 4.
20	1 lakh bike loan EMI for 5 years	₹1,00,000(1 Lakh)	12% / 5 yr	₹2,224	₹33,467	Set price 100000, down payment 0, rate 12, tenure 5.
21	1.5 lakh bike loan EMI for 2 years	₹1,50,000(1.5 Lakh)	12% / 2 yr	₹7,061	₹19,465	Set price 150000, down payment 0, rate 12, tenure 2.
22	1.5 lakh bike loan EMI for 4 years	₹1,50,000(1.5 Lakh)	12% / 4 yr	₹3,950	₹39,604	Set price 150000, down payment 0, rate 12, tenure 4.
23	1.5 lakh bike loan EMI for 5 years	₹1,50,000(1.5 Lakh)	12% / 5 yr	₹3,337	₹50,200	Set price 150000, down payment 0, rate 12, tenure 5.
24	2 lakh bike loan EMI for 2 years	₹2,00,000(2 Lakh)	12% / 2 yr	₹9,415	₹25,953	Set price 200000, down payment 0, rate 12, tenure 2.
25	2 lakh bike loan EMI for 4 years	₹2,00,000(2 Lakh)	12% / 4 yr	₹5,267	₹52,805	Set price 200000, down payment 0, rate 12, tenure 4.
26	2 lakh bike loan EMI for 5 years	₹2,00,000(2 Lakh)	12% / 5 yr	₹4,449	₹66,933	Set price 200000, down payment 0, rate 12, tenure 5.
27	1 lakh bike loan EMI at 9% interest	₹1,00,000(1 Lakh)	9% / 3 yr	₹3,180	₹14,479	Set price 100000, down payment 0, rate 9, tenure 3.
28	1 lakh bike loan EMI at 10% interest	₹1,00,000(1 Lakh)	10% / 3 yr	₹3,227	₹16,162	Set price 100000, down payment 0, rate 10, tenure 3.
29	1 lakh bike loan EMI at 11% interest	₹1,00,000(1 Lakh)	11% / 3 yr	₹3,274	₹17,859	Set price 100000, down payment 0, rate 11, tenure 3.
30	1 lakh bike loan EMI at 13% interest	₹1,00,000(1 Lakh)	13% / 3 yr	₹3,369	₹21,298	Set price 100000, down payment 0, rate 13, tenure 3.
31	1 lakh bike loan EMI at 14% interest	₹1,00,000(1 Lakh)	14% / 3 yr	₹3,418	₹23,039	Set price 100000, down payment 0, rate 14, tenure 3.
32	1 lakh bike loan EMI at 16% interest	₹1,00,000(1 Lakh)	16% / 3 yr	₹3,516	₹26,565	Set price 100000, down payment 0, rate 16, tenure 3.
33	1 lakh bike loan EMI at 18% interest	₹1,00,000(1 Lakh)	18% / 3 yr	₹3,615	₹30,149	Set price 100000, down payment 0, rate 18, tenure 3.
34	1 lakh bike loan EMI at 20% interest	₹1,00,000(1 Lakh)	20% / 3 yr	₹3,716	₹33,789	Set price 100000, down payment 0, rate 20, tenure 3.
35	1 lakh bike loan EMI at 24% interest	₹1,00,000(1 Lakh)	24% / 3 yr	₹3,923	₹41,238	Set price 100000, down payment 0, rate 24, tenure 3.
36	SBI bike loan EMI calculator 1 lakh	₹1,00,000(1 Lakh)	11.7% / 3 yr	₹3,307	₹19,056	Set price 100000, down payment 0, rate 11.7, tenure 3.
37	ICICI Bank bike loan EMI calculator 1 lakh	₹1,00,000(1 Lakh)	10.25% / 3 yr	₹3,238	₹16,585	Set price 100000, down payment 0, rate 10.25, tenure 3.
38	HDFC Bank bike loan EMI calculator 1 lakh	₹1,00,000(1 Lakh)	14.5% / 3 yr	₹3,442	₹23,916	Set price 100000, down payment 0, rate 14.5, tenure 3.
39	Axis Bank bike loan EMI calculator 1 lakh	₹1,00,000(1 Lakh)	11% / 3 yr	₹3,274	₹17,859	Set price 100000, down payment 0, rate 11, tenure 3.
40	Canara Bank bike loan EMI calculator 1 lakh	₹1,00,000(1 Lakh)	10.1% / 3 yr	₹3,231	₹16,331	Set price 100000, down payment 0, rate 10.1, tenure 3.
41	SBI bike loan EMI calculator 2 lakh	₹2,00,000(2 Lakh)	11.7% / 3 yr	₹6,614	₹38,113	Set price 200000, down payment 0, rate 11.7, tenure 3.
42	ICICI Bank bike loan EMI calculator 2 lakh	₹2,00,000(2 Lakh)	10.25% / 3 yr	₹6,477	₹33,170	Set price 200000, down payment 0, rate 10.25, tenure 3.
43	HDFC Bank bike loan EMI calculator 2 lakh	₹2,00,000(2 Lakh)	14.5% / 3 yr	₹6,884	₹47,831	Set price 200000, down payment 0, rate 14.5, tenure 3.
44	Axis Bank bike loan EMI calculator 2 lakh	₹2,00,000(2 Lakh)	11% / 3 yr	₹6,548	₹35,719	Set price 200000, down payment 0, rate 11, tenure 3.
45	Canara Bank bike loan EMI calculator 2 lakh	₹2,00,000(2 Lakh)	10.1% / 3 yr	₹6,463	₹32,662	Set price 200000, down payment 0, rate 10.1, tenure 3.
46	bike loan EMI per lakh for 1 year	₹1,00,000(1 Lakh)	12% / 1 yr	₹8,885	₹6,619	Set price 100000, down payment 0, rate 12, tenure 1.
47	bike loan EMI per lakh for 2 years	₹1,00,000(1 Lakh)	12% / 2 yr	₹4,707	₹12,976	Set price 100000, down payment 0, rate 12, tenure 2.
48	bike loan EMI per lakh for 3 years	₹1,00,000(1 Lakh)	12% / 3 yr	₹3,321	₹19,572	Set price 100000, down payment 0, rate 12, tenure 3.
49	bike loan EMI per lakh for 4 years	₹1,00,000(1 Lakh)	12% / 4 yr	₹2,633	₹26,402	Set price 100000, down payment 0, rate 12, tenure 4.
50	bike loan EMI per lakh for 5 years	₹1,00,000(1 Lakh)	12% / 5 yr	₹2,224	₹33,467	Set price 100000, down payment 0, rate 12, tenure 5.

Disclaimer: This tool gives estimates only. Confirm the final rate, fees and EMI with your lender.

Frequently asked questions

Question	Answer
Can I use this as a two wheeler loan EMI calculator?	Yes. Enter the bike on-road price, your down payment, the interest rate and the tenure. The EMI, total interest and fee update at once. It works for bikes, scooters and electric scooters.
How is bike loan EMI calculated?	EMI = P x r x (1 + r)^n / ((1 + r)^n - 1). P is the loan amount, r is the monthly rate and n is the number of months. The formula section above explains each part.
What is the interest rate on a bike loan in India?	It varies a lot. Banks commonly list rates from about 10% to 14% a year, while some finance companies charge much more, even up to 24% or higher. Your final rate depends on your credit score, income, bike and lender.
What is the SBI bike loan interest rate and fee?	A finance portal lists SBI two wheeler loans at 11.70% to 15.70% a year, with a processing fee of 2% plus taxes. Confirm the current terms on the SBI website or at a branch.
What is the HDFC Bank bike loan rate?	A finance portal lists HDFC Bank two wheeler loans from 14.50% a year with a 2.5% processing fee. Ask the bank for your actual offer, since it depends on your profile.
How much down payment should I make on a bike?	Lenders commonly finance a large part of the price, but the share differs by lender, bike and your profile. A bigger down payment lowers your EMI and total interest, as the down payment table above shows.
What tenure is best for a bike loan?	Most bike loans run 1 to 5 years, and certain lenders allow up to 5 years. A longer tenure lowers the EMI but raises total interest. Try 2, 3 and 4 years in the calculator to compare.
Is there a processing fee on a bike loan?	Often yes. Listed fees range from nil at some banks to 2% or more, and some finance companies charge up to several percent, plus 18% GST. Enter the fee in the calculator to see the total cost.
Can I use it for a scooter or an electric scooter loan?	Yes. The EMI formula is the same. Enter the scooter price and the rate you are offered. Some lenders list a lower rate for electric vehicles, so ask about it.
Can I get a loan for a used bike?	Some lenders offer it, usually at a higher rate and a shorter tenure than for a new bike. Use the calculator with the quoted rate to check the EMI first.
Does my CIBIL score matter for a bike loan?	Yes. A higher score usually gets a lower rate and quicker approval. A low score can mean a higher rate, a bigger down payment or a rejection.
Can I prepay or foreclose a bike loan?	Many lenders allow it, but charges differ by lender. Read the loan agreement and ask for the prepayment terms in writing before you sign.
How much EMI can I afford?	A common rule is to keep total EMIs on all your loans under 40% of your monthly take-home income. Keep the bike EMI lower if you have other loans.
Is this calculator accurate?	It uses the standard formula, so results are very close to lender figures. Small differences can occur due to rounding, fees and the exact EMI start date.
How do I download my EMI result?	Tap the Download TXT button. You get a text file with your inputs, EMI, total interest, fee and the full year-wise schedule.