Two-Wheeler Loan EMI Calculator
EMI, total interest and APR with processing fee for your bike or scooter loan.
Updated 30 September 2026 · 8 lenders trackedAbout this calculator
Enter the loan amount, rate and tenure. The calculator uses the reducing-balance method banks use. If a dealer quotes a flat rate, convert it first on the interest-rates page or use the flat-rate calculator.
Two-Wheeler Loan EMI Calculator
Formula: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months.
EMI per ₹1 lakh
| Rate | 1 yr | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
|---|---|---|---|---|---|
| 9.00% | ₹8,745 | ₹4,568 | ₹3,180 | ₹2,489 | ₹2,076 |
| 11.00% | ₹8,838 | ₹4,661 | ₹3,274 | ₹2,585 | ₹2,174 |
| 13.00% | ₹8,932 | ₹4,754 | ₹3,369 | ₹2,683 | ₹2,275 |
| 15.00% | ₹9,026 | ₹4,849 | ₹3,467 | ₹2,783 | ₹2,379 |
| 18.00% | ₹9,168 | ₹4,992 | ₹3,615 | ₹2,937 | ₹2,539 |
EMI for every ₹1 lakh borrowed. Multiply by your loan amount in lakh.
EMI examples
| Loan amount | EMI @ 9.50% | EMI @ 12.00% | EMI @ 15.00% |
|---|---|---|---|
| ₹75,000 | ₹2,402 interest ₹11,489 | ₹2,491 interest ₹14,679 | ₹2,600 interest ₹18,596 |
| ₹1,00,000 | ₹3,203 interest ₹15,319 | ₹3,321 interest ₹19,572 | ₹3,467 interest ₹24,795 |
| ₹2,00,000 | ₹6,407 interest ₹30,637 | ₹6,643 interest ₹39,143 | ₹6,933 interest ₹49,590 |
Tenure 3 years, reducing-balance EMI.
Longer tenure, more interest
| Tenure | EMI | Total interest | Total repaid |
|---|---|---|---|
| 1 year | ₹8,838 | ₹6,058 | ₹1,06,058 |
| 2 years | ₹4,661 | ₹11,859 | ₹1,11,859 |
| 3 years | ₹3,274 | ₹17,859 | ₹1,17,859 |
| 4 years | ₹2,585 | ₹24,059 | ₹1,24,059 |
| 5 years | ₹2,174 | ₹30,455 | ₹1,30,455 |
₹1,00,000 at 11.00%.
Frequently asked questions
Should I choose a longer tenure to cut the EMI?
Only if the EMI is otherwise unaffordable. On ₹1 lakh at 11%, stretching from 3 to 5 years cuts the EMI by about ₹1,100 but adds about ₹12,595 in interest.
Is the first EMI due a month after delivery?
Usually yes, but some dealer schemes collect one or two EMIs in advance, which raises the effective rate.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.