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Two Wheeler Loan EMI Calculator

Tools and Calculators

  • EMI Calculator
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What is a Two Wheeler Loan EMI Calculator?

A two wheeler loan EMI calculator helps you know in advance the EMI that you will pay towards the principal and interest payments on the loan over the fixed tenure. Using a bike loan EMI calculator, you choose an EMI value that you’re comfortable with by adjusting the tenure value. The EMI calculator for two wheeler loan makes it easy and convenient to plan your monthly EMIs and pay off your bike loan without defaults. 

What does Two Wheeler Loan EMI Stand For?

In general, EMI stands for Equal Monthly Instalments. The value shows the amount that needs to be paid every month towards the repayment of any loan taken for a fixed loan tenure. You can choose to close your two wheeler loan anywhere between 6 and 60 months with Tata Capital. Your two wheeler loan EMI will include the principal amount + the interest applicable on the loan. The amount of bike loan EMI remains unchanged every month; however, the principal and interest change over the months – the interest is higher during the initial months whereas the principal becomes higher during the latter months. The exact percentage of principal and interest will depend upon the two wheeler loan interest rate and the tenure for which the loan is taken.

How to Calculate Your EMI Using Our Two Wheeler Loan Calculator?

To use a two wheeler loan EMI calculator, the following three inputs are required –

  • Loan Principal – This is the amount that you borrow and must repay along with the applicable interest over a fixed loan tenure.

  • Rate of Interest – refers to the rate at which interest will be levied on the principal loan amount for a specified period.

  • Loan Tenure – It is the period or duration within which the loan amount along with the interest is to be repaid in Equal Monthly Instalments (EMIs).

Using the following simple steps, you can use a bike EMI calculator –

Step 1 – Set the principal amount using the first slider. The value can also be set using the ‘+’ and ‘-‘symbols or even be manually entered.

Step 2 – Using the second slider, set the correct two wheeler loan interest rate. The same can be adjusted using ‘+’ and ‘-‘signs or even be entered manually in the box.

Step 3 – The third and final slider will help you set the desired loan tenure. Increase or decrease the value using ‘+’ and ‘-‘symbols or manually enter the same in the box.

Once done, the calculator will automatically show the accurate EMI value within seconds. 

What are the Benefits of Using a Two Wheeler Loan EMI Calculator?

There are manifold benefits of using a two wheeler loan EMI calculator, as given below –

  • Checking affordability – Using the calculator, you can know whether or not the EMI is within your repayment capacity. If not, you can adjust the loan tenure value to arrive at a suitable EMI.

  • Planning finances – The calculator, by letting you know your EMI value in advance, helps you plan your monthly budget in a manner that you do not default on bike loan EMI payments and also have adequate to meet other monthly financial commitments.

  • Eliminating hassles related to manual calculation – Manual calculations are time-consuming and usually prone to errors. A bike loan EMI calculator, on the other hand, will give ac