Bike Loan EMI Calculator

Are you planning to buy a bike but postponing it because you aren’t sure about the monthly installment costs?Do you wish that you had a bike loan interest rate calculator to help you out? If yes, then bid goodbye to such worries....

By using our bike loan EMI calculator, you can quickly check your monthly EMI cost and chart your way towards managing your finances accordingly.

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Your EMI




Loan Amount
Rate of Interest

Your EMI




  • Loan Amount

  • Total interest

EMI Schedule

Month Opening Balance Interest Principal Closing Balance
Dec '21 ₹ 2,00,000 ₹ 2,833 ₹ 32,171 ₹ 1,67,828
Jan '22 ₹ 1,67,828 ₹ 2,378 ₹ 32,627 ₹ 1,35,200
Feb '22 ₹ 1,35,200 ₹ 1,915 ₹ 33,089 ₹ 1,02,111
Mar '22 ₹ 1,02,111 ₹ 1,447 ₹ 33,558 ₹ 68,552
Apr '22 ₹ 68,552 ₹ 971 ₹ 34,033 ₹ 34,518
May '22 ₹ 34,518 ₹ 489 ₹ 34,515 ₹0.00

Bike Loan EMI Calculator By moneyview

We, from moneyview, bring to you an effective and user-friendly bike loan EMI calculator. With our two-wheeler loan EMI calculator, you can check the breakdown as well as the EMI installment that you have to pay. The displayed breakdown, also known as the amortization schedule, is based on the interest rate slabs, repayment term, and the borrowed amount.

You can use the moneyview bike loan EMI calculator to easily check your EMI. All you need to do is enter the amount that you wish to borrow, followed by the interest rate, and the repayment duration or tenure. Once you include these details in the two-wheeler loan calculator, you can check your EMI rate and also the breakdown of your installments.

How Does Our Bike Loan EMI Calculator Work?

Like a personal loan or a home loan, even bike loans need to be repaid via monthly EMIs till the repayment tenure is complete. For most loans, you may either choose a fixed EMI or a floating EMI. 

In case of a bike loan, the EMI rates are fixed as per the borrowed amount and the interest rate. Thus, you don’t have to worry about the fluctuation of the economy. Do consider that your credit score plays a major role in deciding the interest rate and repayment tenure.

You can check out our bike loan EMI calculator to find out all the details about your loan. Follow the steps given below to find out what your monthly EMI rate is 

    • Enter the loan amount or adjust it by using the slider.

    • Add the charged interest rate. You can either enter it or again adjust it via the slider.

      • Enter the repayment tenure. You can enter the tenure in months or years.

    • After completing the above steps, our bike EMI calculator will display your EMI amount. It will even display your EMI repayment schedule.

Now that you have decided to finally buy a bike, check your EMI rates, plan your finances as per your convenience, and get the bike of your dreams without any challenges.

Bike Loan EMI Calculation Formula

If you want to know the formula for calculating an EMI, then you can check it below:

P x R x (1+R)N / [(1+R)^N-1]

P: Principal Amount

R: Rate of Interest

N: Number of Months or Repayment Tenure

For example, let’s say Mr. Vijay has borrowed a sum of Rs. 5,00,000 (P) with 10.5% rate of interest imposed (R), and the offered a repayment tenure (n) of 60 months is the tenure, then he can check his EMI by using the following formula:

5,00,000 x 0.00875 x (1+0.00875)^60 / [(1+0.00875)^60-1] = Rs. 10,747

Please note that the interest rate is calculated monthly by using the formula given below:

Annual Rate of Interest/12/100

So, to calculate it for this case, it will be (10.5/12/100 = 0.00875)

This formula is not specific to a bike loan calculator and can be used to calculate EMIs for all types of loans.

Difference Between Flat Balance and Reducing Balance Interest Calculation

The loan principal or the borrowed amount is one of the crucial determinants taken into consideration while setting the EMI. This calculation is based on two methods that are mentioned below:

Flat Balance Method: In this method, the interest rate is charged on the total loan amount and the entire repayment tenure. 

Reducing Balance Interest Rate Method: In this case, the interest rate charged is based on the outstanding principal amount. The interest is not charged on the borrowed amount and keeps decreasing with each payment throughout the loan repayment tenure. 

Most banks usually use the Reducing Balance Interest Rate Method to calculate EMIs. Even the moneyview bike loan calculator uses this method.

Factors that Affect Bike Loan EMI

There are various factors that affect bike loan EMI. Check them below:

    • Credit Score and Rate of Interest: The three-digit numerical summary that is found in an individual’s credit report is known as the credit score. This report contains the individual’s previous loan details, as well as their repayment, and financial habits. We, at moneyview, give loans to individuals whose CIBIL score is as low as 600. However, a higher CIBIL score depicts better credit behavior, and makes it easier for them to get a loan at a lower interest rate.
  • Place of Residence:Where you stay also sometimes affects the interest rate for your two-wheeler loan EMI. This determinant is applied to check the debt-to-income ratio.For example, if you stay in a metro city like Bangalore, your cost-of-living will be more than an individual who lives in a Tier Two city. As a result, it will be assumed that your salary is higher.Some lenders may offer prepayment concessions that are based on factors such as how soon you can repay your loan.
    • Type of Loan:There are majorly two types of loans - a secured loan and an unsecured loan. A secured loan is given against a collateral, while an unsecured loan doesn’t require you to pledge any collateral.So, depending on the type of the loan, your interest rate will differ. Unsecured loans usually have higher interest rates. A higher interest rate will lead to a higher EMI.
      • Down Payment:Down payment refers to the sum that you give to the bike dealer or the bike showroom while purchasing your bike. Obviously, if you give a higher down payment, you can have to apply for a smaller loan.For example, if you pay 60% of the amount as down payment, your two-wheeler loan will only be for the remaining 40%. This might prompt the lender to offer you a lower interest rate.If you wish to get a loan for 100% of the purchasing amount, then your interest rate might be on a higher scale. You can easily use moneyview’s two-wheeler interest rate calculator to get a better understanding of your interest amount.
        • Loan Amount:One of the major factors that the EMI rate depends on is the loan amount. So, the higher the amount borrowed, the higher will be the interest rate and the EMI rate.
          • Repayment Tenure:If your repayment tenure is long, then your monthly EMI will also be less and vice versa. But do keep in mind that if your repayment tenure is long, the amount of money you pay as interest will be higher.


A two-wheeler can make your life a lot easier and a bike loan can arrange for the funds that you might need to purchase the vehicle. But knowing how much interest rate or EMI you will have to pay helps you to manage your finances much better.

You can do that easily by checking out moneyview’s bike EMI calculator. Just enter your loan amount, rate of interest, and tenure to know your EMI in an instant.

Other Loan EMI Calculators

Bike Loan EMI Related FAQs

EMI stands for Equated Monthly Installment. It is a sum of money that needs to be paid to the lender on a specific date of every month during the repayment tenure. The amount is based on multiple factors like the loan amount, interest rate, tenure, etc.

If you pay more than the EMI amount, your interest rates will come down. You can do this whenever funds are available to you, as this will reduce the burden of EMIs on you. However, this availability is subject to the terms and conditions imposed by the lender.

The fines and penalties of a missed EMI vary from lender to lender. In most cases, you have to pay a fine, and your interest will pile up on the unpaid amount. The lapse in payment will also affect your credit score.

You can use the Arithmetic formula of calculating loan interest in Excel to estimate your two-wheeler interest rate. The formula is - Annual Rate of Interest/12/100

So, if your rate of interest is10.5%, your monthly interest rate will be -

10.5/12/100 = 0.00875

There are two ways by which you can reduce the EMI amount -

  • By making a prepayment on the loan amount

    • By asking the lender for an extension on the repayment tenure

A two wheeler loan EMI works just like other loans. Once your loan is sanctioned, you set up the auto-debit process or any other process to repay the loan. Then at the same date every month, you have to pay the EMI amount till the end of the tenure.

The interest rate of a bike loan depends on a variety of factors. Some of them are-

  • Your lender

    • The amount of downpayment paid

      • Your principal amount

        • Your credit score

          • Your repayment tenure

Yes, purchasing a bike on EMI is a great idea as it doesn’t drain your savings. You can also opt for zero down payment options.

There are many benefits of choosing moneyview as your bike loan vendor - 

  • Affordable interest rates

    • No hidden charges

      • Tenures from 12 months to 60 months

        • Paperless loan application process

          • Quick disbursal

            • Eligibility check in 2 mins

The monthly EMI for a bike loan is calculated exactly as any other loan is calculated. The formula is P x R x (1+R)N / [(1+R)^N-1]

where, P: Principal Amount; R: Rate of Interest; and N: Number of Months or Repayment Tenure

For example, if you borrow Rs. 5,00,000 (P) with 10.5% rate of interest (R), and the repayment tenure (n) is of 60 months, then your EMI will be - 

5,00,000 x 0.00875 x (1+0.00875)^60 / [(1+0.00875)^60-1] = Rs. 10,747

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