Finance
Bike EMI calculator
Most two-wheelers in India are bought on finance, and the monthly figure matters more than the sticker price. Enter your numbers below.
EMI Calculator
Adjust the on-road price, down payment, interest rate and tenure to see your real monthly cost.
On-road price
₹1,50,000
Down payment
20% · ₹30,000
Interest rate
9.5% p.a.
Tenure
Monthly EMI
₹3,844
Loan amount
₹1,20,000
Total interest
₹18,382
How the EMI is calculated
The formula is EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate and n is the number of months. A longer tenure lowers the EMI but increases total interest significantly.
Getting a better rate
Dealer finance is convenient but rarely cheapest. A pre-approved bank or NBFC offer typically saves 1-2 percentage points. Keep the tenure at 24-36 months where possible, and always check processing fees of ₹1,500-3,000 before signing.