Bike Loan EMI Calculator

Bike Loan EMI Calculator – Two Wheeler Loan

Below Bike loan EMI calculator helps you to calculate every month EMI you need to pay while buying a two wheeler vehicle on loan.

Just provide your loan amount, interest rate and tenure in months to know the EMI on Bike Loan!

Download Bike Loan EMI EXCEL Calculator from here

Download Bike Loan EMI EXCEL Calculator for more details

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Share this Free Bike Loan EMI Calculator with your friends and family members and help them in Bike Loan EMI Calculation!

Watch below video to understand Bike Loan EMI calculation in excel:

Bike Loan EMI Calculation Video

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  • There are 2 parts of your EMI: Principal amount Interest Amount
  • Interest Amount is high initially during your Bike Loan tenure
  • Principal amount is less initially during your Bike Loan tenure
  • High interest amount is already taken at the initial Bike loan period from your EMIs
  • You should pre pay most of your principal amount if you want to decrease maximum interest amount in your Bike Loan
  • You can easily calculate your Bike loan EMI using excel calculator as we can see in above video
  • Pre pay your Bike loan principal amount initially as much as you can to decrease interest amount that you have to pay throughout your loan tenure
  • Increase in Bike loan tenure will increase the interest amount you’ll pay throughout your Bike loan tenure

How is EMI calculated for bikes?

It is very easy to calculate EMI of bike loan using above calculator. Here are the steps to calculate bike loan EMI:

  1. Provide Loan Amount you will be taking from bank or financial institution
  2. Enter yearly interest rate of bike loan
  3. Enter tenure in months
  4. That’s it. These 3 numbers will give you the appropriate EMI for your bike loan

Below is the screenshot of the calculation considering, Rs. 1.5 Lakh bike loan amount, 10% interest rate and 36 months tenure:

Bike Loan EMI Calculator Example
Bike Loan EMI Calculator Example

As seen above, Rs. 4840 is the bike loan EMI amount (every month installment), Rs. 24,243 is the total interest you’ll pay throughout the loan tenure and Rs. 1,74,243 is the total amount you will be paying back.

It is important to note that your EMI amount consists of 2 components: Principal Amount and Interest Amount.

Principal Amount is low initially and increases with time as you pay your bike loan EMI.

Interest Amount is high initially and decreases with time as you pay your bike loan EMI.

This shows that maximum possible amount of interest from your bike loan is taken from you during the initial stages (or months) of your bike loan EMI repayment.

You can use below methods to save bike loan interest:

How to Save Bike Loan Interest?

Below are some ways to save bike loan interest:

  • Check for low interest rate bike loans
  • Keep the tenure low. Higher the tenure, longer you will keep paying EMI thus increasing the overall interest amount. So keep tenure low
  • Make Bike Loan Prepayments whenever possible. Prepayment is a method to pay additional amount to reduce your principal outstanding balance on your loan.
  • Keep the loan amount as low as possible by doing maximum down payment for your bike.
  • Check interest rates in banks and compare with showrooms

What is Bike Loan Repayment Table?

So far we have understood how to calculate bike loan EMI using calculator. Let us now go one step further and see how bike loan EMI will be divided in 2 components using bike loan repayment table.

This bike loan repayment table is the table that shows you every month EMI amount (that is kept unchanged) and details of principal and interest amounts from this EMI, which changes every month.

We will take same example as above.

Bike Loan Amount = Rs. 1,50,000
Interest Rate = 10% per annum
Tenure = 36 Months

Below is the bike loan repayment table:

Months EMIPrincipal AmountInterest Amount
Month 1₹ 4,840₹ 3,590₹ 1,250
Month 2₹ 4,840₹ 3,620₹ 1,220
Month 3₹ 4,840₹ 3,650₹ 1,190
Month 4₹ 4,840₹ 3,681₹ 1,159
Month 5₹ 4,840₹ 3,711₹ 1,129
Month 6₹ 4,840₹ 3,742₹ 1,098
Month 7₹ 4,840₹ 3,773₹ 1,067
Month 8₹ 4,840₹ 3,805₹ 1,035
Month 9₹ 4,840₹ 3,837₹ 1,004
Month 10₹ 4,840₹ 3,868₹ 972
Bike Loan Repayment Table

As seen in above bike loan repayment table (only first 10 months displayed), EMI of Rs. 4,840 in first month is divided into 2 parts – Rs. 3,590 (Principal Amount) and Rs. 1,250 (Interest Amount).

Further, as you will notice, the principal amount increases in 2nd month, but the interest amount decreases in same 2nd month. This continues till the end of loan tenure.

Benefits of using online Bike Loan EMI Calculator

There are multiple benefits of using bike loan calculator:

  • You will know correct bike loan EMI. No showroom can provide you incorrect quotes and misguide you.
  • This calculator gives you the idea of EMI to check if you can afford
  • You can also adjust the tenure in months and get the EMI in affordable range
  • It gives you the EMI amount for various interest rates that you can compare between banks such as SBI, ICICI, Axis, HDFC, etc.

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Which bank loan is best for bike loan?

You can take bike loan from any bank, but you need to consider few factors:

  • Which bank is giving you lowest interest rate bike loan?
  • What is the lowest processing fees you have to pay
  • Does the bank specialize in Bike Loans or Two wheeler loans?
  • Are they trying to take maximum interest from you for their sales, or do they recommend you the best deals for you?

So accordingly, compare with different banks and showrooms and choose accordingly.

What is the interest rate on bike EMI?

Interest rates on bike loan can range anywhere between 9% to 16% annually. So let’s say if you get the bike loan on 12% interest rate, below is the table of EMI amounts on various loan amounts and for 3 years loan tenure:

Bike Loan AmountInterest Rate (Annual)EMI for 3 Years Loan Tenure
₹ 30,00012%₹ 996
₹ 40,00012%₹ 1,329
₹ 50,00012%₹ 1,661
₹ 60,00012%₹ 1,993
₹ 70,00012%₹ 2,325
₹ 80,00012%₹ 2,657
₹ 90,00012%₹ 2,989
₹ 1,00,00012%₹ 3,321
₹ 1,10,00012%₹ 3,654
₹ 1,20,00012%₹ 3,986
₹ 1,30,00012%₹ 4,318
₹ 1,40,00012%₹ 4,650
₹ 1,50,00012%₹ 4,982
₹ 1,60,00012%₹ 5,314
₹ 1,70,00012%₹ 5,646
₹ 1,80,00012%₹ 5,979
₹ 1,90,00012%₹ 6,311
₹ 2,00,00012%₹ 6,643
Bike Loan EMI Calculation Amounts

What is the maximum tenure for bike loan?

The minimum tenure is 12 months (1 year) and maximum tenure is 48 months (4 years). Whereas, in case of Super Bikes, maximum tenure can be 60 months (5 years).


While you are excited to buy your new bike or already bought one on loan, it is important to calculate correct bike loan EMI.

By using above bike loan EMI calculator, you can check the EMI, total interest amount and total amount you’ll be paying in your loan tenure.

While doing so, also remember to make bike loan prepayments in order to save loan interest which you can use to invest in mutual funds or any fixed income assets like Fixed Deposits, Recurring Deposits, etc.

Some more Reading:

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