Bike loan calculator. EMI Calculator - Calculate your EMI online in India at SBI. 9%, the amount payable would be £121. In the second box, enter the interest amount. Which short term low interest loan is best: 1, 3, or 5 year? How much do you need to own your perfect bike: $2500, $15000, $40,000? The MotorcycleLender™ loan calculator helps you to be in control of setting your loan Feb 2, 2024 · If you wish to calculate how much loan you can afford OR determine advertised vs actual loan interest rate (along with loan APR) on a purchase, use our loan calculator. Small Business. The first is the systematic repayment of a loan over time. The EMI that you can avail with L & T Finance Bike Loan of 10 Lakh is 10,024 with 15-years tenure. KIBOR rate (One Year) on the first day of the month will be applicable and will be revised on loan anniversary. Disbursement Date *. This is the formula for calculating the EMI of your two-wheeler loan. Here’s how you can get one easily -. 0 EMI Loans for Purchasing a Bike. Send us a message For inquiries and comments, please send us a message or call our 24-hour BPI Contact Center at (+632) 889-10000 Deposits are insured by PDIC up to P500,000 per depositor. 680. Service History Explore. Commercial Loans. You can use the following formula to calculate the bike loan EMI: EMI = P × r × (1 + r)n/ ( (1 + r)n – 1) where, P = loan amount. ) Calculations are exclusive of Insurance charges. R = Annual Rate of Interest / 12/100. Calculate The three variables are needed to calculate the two-wheeler loan EMI calculator given below: Loan Principal Amount (P) The loan principal amount is the initial amount of money that you borrow from a lender to purchase the motorcycle. Bankrate's loan calculators can help you determine the right type of financing for your needs, calculate monthly payments and pay off debt. The rate of interest rate (R) on your loan is calculated monthly i. Use the "Fixed Term" tab to calculate the monthly payment of a fixed-term loan. Use the "Fixed Payments" tab to calculate the time to pay off a loan with a fixed monthly payment. Borrowing £8,000 over 60 months could cost you £168. Disclaimer: The calculation performed by EMI Calculator is based on the information you entered and is for illustrative purposes Loan Amount (Lakhs) ₹. It decreases to 15,036 if you opt for tenure of 15 years. Down Payment: Enter the amount you’re willing to pay as a down payment. This is the amount you’ll need to borrow as a loan. Bike Loan Guide. bike finance calculator summary. 5000/-+GST. Bike Price (Rs. 664% APR. All you need to do is input the information and the results will be generated. 2. Joint Registration (Customer & Bank) First party insurance is mandatory. Cases will be processed subject to satisfaction of Debt 4 days ago · Mathematically, EMI for Royal Enfield Bullet 350 can be calculated using the following formula: {P x R x (1+R)^N / [ (1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments. Jan 18, 2024 · This bike EMI calculator lets you experiment with different downpayment and loan tenure values to check how much you need to pay for the loan. 1000/-+GST and maximum of Rs. Navigating the BikePay Bicycle Loan Calculator. 25% on the loan amount with a minimum of Rs. (R= % Annual rate of interest/12). A Bike EMI Calculator is an online financial tool that lets you calculate the monthly installment of your loan. R is the interest rate each month. Fine-tune the interest rate slider to provide an estimate of your repayments. For Example:- If the principal amount for a bike loan is Rs. The Payment Calculator can determine the monthly payment amount or loan term for a fixed interest loan. 841% APR. At moneyview, get personal loans up to Rs. The best Dirt Bike loan term is the one with the right balance of time, rate, and budget for you! Our most commonly used loan terms are between 36 – 72 months. Frequently Asked Questions (FAQ) The EMI-Calculators. Floating Rate EMI Calculation We suggest that you calculate floating / variable rate EMI by taking into consideration two opposite scenarios, i. Upload the necessary documents. Jan 2, 2021 · Apply for a KBL Xpress Easy Ride Loan in 3 simple steps. Get your dream bike at a loan starting at just 11. Compare EMI calculations for 2 interest rates. 66/100) ^ 24 / [ (1+1. Payment Methods. Based on our research, NASA Federal Credit Union is the best choice for motorcycle loans because of the range of loans it offers and the please select from the products below: Auto Loan . Enter the Ex-showroom price of the vehicle. Step 1. By default, the bike loan values shown are, bike May 19, 2022 · One of the best things about this loan facility is that the biker won’t need to go to any City Bank Branch & also enjoy this facility through a virtual credit card. The purchase of a two-wheeler vehicle is an extravagant expense for the majority of individuals. 91 per one thousand dollars borrowed. Submit the loan tenure in the third box and click ‘Calculate’. Following is the EMI calculation formula: Formula for the bike loan EMI calculator: P x R x (1+R) N / [ (1+R) N-1]; where: P is the principal amount of the loan. Check your Car, Personal & Home Loan EMI with Flexible Loan Calculator which helps you calculate Accurate Loan EMI. LTV- Highest 70% of the bike price will be given as loan. Pay Back. Motorcycle Payment Example: A 72-month Motorcycle loan with an annual percentage rate (APR) of 10. For any queries, please reach us on 18601207777. viz. Provide your basic details and keep your documents handy. Plus, certain terms will have certain rates available. For more information about or to do calculations specifically Here's the simplified formula: EMI = [P x R x (1 + R)^N] / [ (1 + R)^N - 1] Where: P = Principal loan amount. Calculate monthly EMI for your bike loan with HDFC Bank's two wheeler loan calculator. Margin for new vehicle Motorcycle Loan Eligibility & Documents Required. Want to buy your dream bike? Start calculating the monthly instalments using the super bike loan EMI calculator. 2024 to 31. Interest Rate: Enter the annual interest rate offered by the bank or financial institution. For instance, if R = 13. Options to change loan amount, interest rate, tenure and much more. Use this calculator to help you determine your motorcycle loan payment or your motorcycle purchase price. Go to your nearest Karnataka Bank branch. Sign up using your mobile number. Interest Rate. ₹1,79,055/- on an annual rate of interest of 10% for Loan term affects both your interest rate and monthly payment – when the term is longer, monthly payment is lower. Visit your nearest branch. Financing for 72-month terms requires financed amount of $15,000 or greater and approved credit. Calculate Equated Monthly Instalments (EMI) for a wide range of financial products through our free interactive calculators. com' s Bike loan calculator also functions as a Canara Bank Bike Loan interest calculator, as you will be able to know the interest amount due on your Canara Bank Bike Loan, in addition to the overall EMI amount, in just 3 simple steps. 75% would have monthly payments of $18. Aussie Bike Loan’s motorcycle finance calculator is straightforward and user-friendly. r = interest rate. Motorbike loans, like car loans, are meant to help you pay for your bike by borrowing money from a lender, usually a large sum of money. For a flexible fixed rate bike loan on a new or used motorbike, contact Aussie today. Amount Using our Bike EMI Calculator is easy. Bank is celebrating Retail Loan Festival and waiver of 50% processing charges from 01. From bikes like Honda,Bajaj,Hero,TVS,Royal Enfield and more. All you have to do is enter the Bike Brand-Model, down payment amount, interest rate and the loan period and click on the calculate button. Step 3. Royal Enfield Himalayan 450 EMI starts at Rs 9,039 per month for a tenure of 36 months @6 for a loan amount of Rs 2,97,099. 13: $129. This calculator is available on the homepage of our website and is provided again here for your convenience. When looking at a cruiser, off-road bike or scooter, it's best to know what you can afford prior to buying. Loan Tenure: Enter the number of months you want to take May 12, 2023 · The Loan Motor Calculator Malaysia is a handy tool designed to help potential borrowers in Malaysia estimate their monthly repayments for motor loans. a. Through this motorcycle loan calculator, you can determine monthly motorcycle payments by simply entering in a few details, including your planned down payment and interest rate. The EMI calculator formula is universal and can be applied to different loans. 1 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100. By BikeLoancalculator March 12, 2023 March 12, 2023. Boat Loan Calculator Calculate and compare monthly boat repayments. ₹1,93,028/- on an annual rate of interest of 10% To check your Two-Wheeler loan balance, you can visit your base branch or nearest Bank of Baroda branch with your account number to check the bike loan balance. Feb 21, 2024 · EMI= [2,00,000 x 1. $5,000 to $100,000. 2638. 66/100 x (1+1. the loan amount, the loan tenure and the interest rate. Loan tenure: the duration in months for which you want to take the loan. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment. Calculate EMI. N is the loan’s term in months. our Motorcycle Financing makes owning one a whole lot easier. Use these calculations to get approximate picture of the impact of EMI Diferment. Taking out a loan is a huge commitment. Enjoy installment periods up to 84 months. 2222. With HDFC Bank, you can enjoy up to 100%* financing for two-wheelers and competitive Two Wheeler Loan interest rates. Enjoy rates as low as 0. Age above 21 years. Monthly installment. Keep in mind that interest rates are determined by lenders based on loan amount and your comprehensive application Jun 6, 2023 · To calculate your EMI, you will need the following information: Loan Amount: The total amount you plan to borrow for your two wheeler loan. I am very much satisfied with the loan scheme of L&T finance. Mathematically, EMI for Honda Activa 6G can be calculated using the following formula: {P x R x (1+R)^N / [ (1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments. HDFC Capital. The hero bike loan EMI calculator will give you your exact EMI value. Get easy and fast two wheeler loan approval from ICICI Bank. 24 months 60 months. Superbike Loans is a broker. Following table shows the EMIs for various loan amount based on different tenures at 8. Once you have these details, you can use the following formula to calculate the EMI: EMI = (P x R x (1+R)^N) / ( (1 Our bike loan EMI calculator tool will help you calculate the monthly bike loan EMI. Insurance. 03. Minimum monthly gross income should be RM 1000. At Motorist, we are inclusive, so for current Financing for 72-month terms requires financed amount of $15,000 or greater and approved credit. 10,000/-. Minimum Income Criteria: Salaried & Pensioners -Net Monthly Income ₹. HDFC Bank Bike Loan interest calculator, as you will be able to know the interest amount due on your HDFC Bank Bike Loan, in addition to the overall EMI amount, in just 3 simple steps. com' s Bike loan calculator also functions as a SBI Bike Loan interest calculator, as you will be able to know the interest amount due on your SBI Bike Loan, in addition to the overall EMI amount, in just 3 simple steps. The best Sport Bike loan term is the one with the right balance of time, rate, and budget for you! Our most commonly used loan terms are between 36 – 72 months. 15% interest on the loan. Home / Bike Loan Guide. Financing up to 100% of the bike retail value with The total amount repayable and cost of credit are based on the assumption that the interest rate remains unchanged for the duration of the loan term. N is the loan tenure. Loan amount minimum BDT 50,000 – BDT 4,00,000. This payment will remain fixed during the life of your loan; however, as time passes, more of your payment will go Sep 25, 2023 · 0. Mathematically, EMI for Royal Enfield Classic 350 can be calculated using the following formula: {P x R x (1+R)^N / [ (1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments. Enter the down payment the user is willing to pay. This calculator will help you figure out your regular loan payments and it will also create a detailed schedule of payments. 99% to 29. They have approved the loan within a very short time and the Yamaha MT bike was one of my dream bikes and I got the bike with support and help of L&T finance and a bit of down payment Alfalah Auto Loan Calculator. Convenience of paying your loan either weekly, fortnightly or monthly. 10 lakh to purchase two-wheelers, both new and used. This motorcycle loan calculator is a fixed interest loan calculator and is not useful for adjustable-rate loans . Bike Loan EMI Calculator helps you calculate you monthly bike EMI amount. Start with your basic details. Aug 3, 2023 · Two-Wheeler Loan. 375% per month (for qualified customer only) We finance a wide range of motorcycle brands. Calculated EMI Result is indicative only. The EMI for a loan of 15 Lakh is higher – 30,992, when you opt for 5-years. Tenure (Years) Y. Since the cost of a brand new bike 🚲 depends on a lot of factors such as size or cadence and speed, some people may also opt to purchase a second-hand bike on EMI. Use our bike finance calculator to discover your dream motorcycle finance solution. Quick motorcycle loans. By inputting key details such as the loan amount, interest rate, and loan tenure, users can get a clear picture of their potential financial commitment. Aug 25, 2023 · EMI Calculation Formula for Two Wheeler Loan. However, you must be informed of the interest rate and EMI amount before picking a financial institution. Taxes. 99% (with discounts)*. 10, 179. Rides Rides EMI* in ₹ (Per lakh of loan) 1944. ,/p> Margin . Business Loan Calculator . Other Features & Benefits. Meanwhile, loans for big bikes and other non-conventional vehicles can range from PHP 100,000 to PHP 1. 011125. Using the Motorcycle Loan Calculator, you can adjust loan amounts and terms to help you decide which loan fits your life. and the loan term is for 60 months, you can use the bike EMI calculator or calculate manually. 4. If you are an existing customer, you may get the balance by using the Internet banking facility and SBI Two wheeler loan for Different Loan Amounts. Calculator is provided only as general self-help Planning Tools. This is the standardized formula used by any online loan calculator. 83: $172. 82. ₹81,768/- on an annual rate of interest of 10% for a tenure The EMI that you can avail with Hinduja Finance Bike Loan of 10 Lakh is 10,024 with 15-years tenure. You can calculate EMI for Home Loan, Personal Loan, Two Wheeler Loan, Auto Loan and more! Our calculators are designed with YOU in mind so they are really simple to use and help you to understand the EMI breakup easily. Try our motorbike finance calculator. The key components of a bike loan include the loan amount, the interest rate, the loan’s length and the repayment frequency. ₹. Calculate your bike loan EMI with this easy-to-use online tool. Plus, you can apply for an HDFC Bank Two Wheeler Loan online with minimal The two wheeler EMI loan calculator calculates the repayment amount after you input the following details: Loan amount - The amount taken by the borrower to buy a bike or scooter. The EMI Calculator tool on BikeDekho gives a detailed break-up of the total payable amount and helps you in finding the best bike finance for your Himalayan 450. Adjust these settings in the bike loan What is Amortization? There are two general definitions of amortization. Your repayments will be calculated based on the loan amount, loan term, loan frequency, interest rate, and balloon payment. ₹ 39. The EMI-Calculators. Select the loan tenure (In number of Months) Step 5. Use the slider to choose the desired borrowing amount and loan duration, ranging from 12 to 84 months. Annually (APY) Semi-annually Quarterly Monthly (APR) Semi-monthly Biweekly Weekly Daily Continuously. Syndicate Bank Bike Loan interest calculator, as you will be able to know the interest amount due on your Syndicate Bank Bike Loan, in addition to the overall EMI amount, in just 3 simple steps. EMI = [P x R x (1+R) ^N]/ [ (1+R) ^ (N-1)], where –. Service Cost Calculator Explore. Maximum loan amounts apply and are subject to change without notice. Apply now for your personalised, no-obligation quote. Aussie Bike Loans have provides competitive rates on bike loans and motorcycle finance. Get the loan disbursed within a few hours! Calculating bike loan EMI was never this easy. Example 1: If you take a loan of $5000 at an interest rate of 10% for a tenure of 2 years, your EMI would be $230. i. Simply enter your monthly EMI, Down payment amount, Bike loan interest rate, and time period of the loan, and you will get your amount. Feb 23, 2024 · Our calculator shows you the total cost of a loan, expressed as the annual percentage rate, or APR. n = tenure in number of monthsThe rate of interest on your bike loan is calculated monthly. A rate of interest - The interest charged by the lender on the principal amount. 08 and a total amount payable of £4,375. A motorcycle loan is often more expensive than an auto loan. Once you provide these details, it will immediately give an accurate result for your EMI. R = Monthly interest rate (annual rate divided by 12) N = Loan tenure in months. Bike Loan Calculator Calculate and compare monthly repayments for a motorcycle loan. Use this calculator for basic calculations of common loan types such as mortgages, auto loans, student loans, or personal loans, or click the links for more detail on each. customer. Representative example: borrowing £3000 over 36 Months with a representative APR of 29. This calculator is particularly useful for Aug 28, 2023 · There are usually three factors that are involved in EMI calculation, and they are the loan amount that you borrow, the tenure of the loan and the interest rate involved. According to the National Automobile Dealers Association (NADA), the APR you could receive based on your free credit score is shown in the example below: 760-850 credit scores = 3. Documents & Requirements. 17: Apr, 2024 Step 1. Apply for a two wheeler loan today and get it approved within minutes! We offer bike loans at attractive interest rates and fast processing. You will then have to pay back the loan in fixed instalments throughout your loan tenure. 66/100) ^ 24 – 1) EMI= Rs. Age Criteria: 18-65 years. 02. 35% per annum, then R= 13. Last Updated On : Wednesday, 08-04-2020. 60 months for Preowned vehicles. 01. Have the following information ready so you can start Aug. Nov 26, 2020 · This guide will show you how to take up a motorbike loan in Singapore. Motorcycles. years months. 03. Parameters of the loan: Loan amount up to 10 lac. You’re expected to make payments every month and the loan term could run for a few years or a few decades. Select the loan amount and tenure. (Calculated on On Road Price in Delhi) The EMI-Calculators. Compare Calculations after EMI Moratorium. Credit Cards. ) Down Payment/Margin (Rs. Enter necessary information and check your eligibility. We’ll take care of the rest. Bike Loan Calculator - Calculate your Bike Loan EMIs effortlessly with TVS Credit's Two Wheeler Loan EMI Calculator. Compound. 18002584455 & 18001024455. Disclaimer: "EMI Amount calculated here may vary marginally from the actual EMI from loan disbursement depending on different EMI dates". Enter the loan amount, term and interest rate in the fields below and click calculate to see Installment Calculator. Get quick sanction. P – The principal amount that is taken as a loan for the two wheeler. Housing Loan. The calculation process is hassle-free as all you need is three variables, the loan amount, the tenure and the interest rate. , optimistic (deflationary) and 60 months. Reset. There is a specific formula that Groww uses to compute the EMI amount for a loan. Interest rate: the interest rate charged by the lender on the loan amount. Ratings and reviews are from real consumers who have used the lending partner’s services. Interest Rate: The annual rate of interest offered by the lender for the two wheeler loan. Select your two-wheeler and model. The formula to determine loan EMI amount. The first step in the Bike buying journey is to know how much amount you can afford. Tenor - The number of months or years in which the loan is to be repaid fully. 3332 Bike Loan Calculator: How to use it? This guide will help you use our tool to estimate your monthly EMI, total interest payable, and create a monthly repayment schedule for your bike loan. ₹ 30L. Then, select your preferred tenor. Documents. 3 days ago · NASA Federal Credit Union offers the best motorcycle loans. Example 2: If you take a loan of $8000 at an interest rate of 12% for a tenure of 3 years, your EMI would be $265. The mathematical formula to manually calculate the equated monthly installment (EMI) for your bike/scooter loan is: EMI = [P x R x (1+R)^N]/ [ (1+R)^ (N-1)] Here, the variables stand for: EMI – Equated Monthly Installment. It represents the actual cost of the bike and does not include any interest or fees. Monthly instalment is tentative and subject to change. Loan Term. com. Plan your finances wisely and ride home If you pay ₹ 1600/- as processing fees for a computer worth ₹ 40,000/- under a zero percent EMI scheme with a tenure of 6 months, your loan APR is 14. com's Bike loan calculator also functions as a. Book a Service Explore. 442% APR. The APR quoted for personal loans is based on a typical loan with a variable interest rate in line with the loan type selected and is not specific to the loan details you have entered. How Long Does the Loan Application Process Take? Leave your details or Send a message “TW” to 5676766. Indian resident. Fintra has created a Bike loan affordability calculator to help you understand your budget for your dream Bike. Step 2. Compare interest rates. ₹ 1L. Fortnightly Mortgage Repayment Comparator Compare the effect of paying monthly mortgage payments as opposed to paying fortnightly. Just select the bike you wish to avail a loan for and which city do you wish to purchase the bike. Car Price (Rs. The EMI that you can avail with SBI Two wheeler loan of 10 Lakh is 10,024 with 15-years tenure. 95: $8,870. Enter the down payment, loan period and interest rate, and get the total loan amount, payable amount and EMI per month. Interest Rate (R) The The EMI-Calculators. 53 a month, with a total cost of credit of £1375. System auto calculates the loan amount required. Before finalising a lender for a Two-Wheeler Loan, compare the interest rates offered by different lenders and choose the most feasible one to set an affordable EMI. View Finance Offers. Loan term affects both your interest rate and monthly payment – when the term is longer, monthly payment is lower. ₹ 6,764. The variation in EMI value occurs according to the three key variables, i. For example, consider you have availed of a bike loan of ₹1,00,000 at an annual interest rate of 9% Bike loan EMI calculation was never this easy. The second is used in the context of business accounting and is the act of spreading the cost of an expensive and long-lived item over many periods. ₹92,818/- on an annual rate of interest of 10% for a tenure of 3 Flat -vs- Reducing Balance Interest Rate. ( 129) User Ratings & Reviews. This tool finds the effective interest rate for a flat rate interest loan. The two are explained in more detail in the sections below. R is the rate of interest. It’s crucial to make sure that the bikes you are opti (+) Loan Amount. Interest Rate (%) Calculate. Locate Now. More FAQs. When you enter your loan amount, your loan length, and interest rate, it will calculate your monthly loan payment. Bike Loan EMI Calculator. Finance Calculators. This calculator helps you calculate the loan repayment amount on your bike loan in just a few seconds. P x R x [ (1 + R) N / ( (1 + R) N – 1] Here, P represents the principal amount of the loan. An asset loan is designed to provide flexibility for people in business while the vehicle remains an asset of the business. Great Finance Deals. Age b/w 18-21 years with mandatory co-applicant. scooter/motorcycle/ moped/battery operated/electric vehicles of reputed make (Registration with RTO is mandatory) Loan to Value of vehicle: 85% of On-Road Price of vehicle. Offers the certainty of a fixed interest rate, over a choice of terms from one to five years. In the two-wheeler EMI calculator, input the loan amount in the first box. Whether you want a convenient way to move around the city or go on a road trip with friends,there’s a two-wheeler for every purpose and terrain. 1. Thankfully, at Rapid, we help get you a green light with our bike loan repayment calculator. 67 per month at 10. The EMI increases when you opt for tenure of 5 years. Complete your personal details. Loans for smaller bikes and scooters can range from PHP 35,000 to PHP 500,000. e. P is the principal amount. 8. EMI Calculator. You will get the result instantly. Two Wheeler Loan - Apply for instant 2 wheeler loans from ICICI Bank India in few simple steps. Malaysian citizen aged 18 years and above (not exceeding 60 years at the end of loan tenure) Should be employed for a minimum of 6 months in current employment. 2024; Repayment Tenure. Loan Amount *. 4 days ago · Mathematically, EMI for TVS Sport can be calculated using the following formula: {P x R x (1+R)^N / [ (1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments. Ka-Negosyo Business Loans. 15%. Customize your loan. Loan Calculator. Enter the principle amount and tenure to get the EMI amount and interest rate. First, enter the loan amount that you wish to take. 680-699 credit score = 3. ₹61,806/- on an annual rate of interest of 10% for a tenure of 3 Purpose: Finance for purchase of new Two-wheeler. Maximum period: 84 months for new vehicles. 3. Mar 5, 2024 · Understanding the 'Bike EMI Calculator' Formula with Examples. Financing up to 80% of the bike’s retail value with registration. 60%* onwards. Total Loan Amount. Number of Month*. Repayment tenor maximum 60 months (up to 99k -max 36 months & Above199k – max 60 months). Always use a reliable EMI calculator. You can also examine your complete amortization schedule by clicking on the "View Mathematically, EMI for Vida V1 can be calculated using the following formula: {P x R x (1+R)^N / [ (1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments. 0 million (or only up to PHP 500,00 for what can be considered “non-conventional vehicles”). Loan Tenure: The duration, usually measured in months, over which you will repay the two wheeler loan. Just enter the loan amount, bike loan interest rate and the tenure of the loan, this will give you monthly bike EMI. ) Enter the component of price of the bike you intend to purchase on loan. 35%/12 = 0. care@icicibank. Motorcycle Loan Amortization Schedule: Payment Date Payment # Interest Principal Total Payment Balance; Mar, 2024: 1: $43. Motorcycle loans for fair credit. Apply Online Now. Get your Two Wheeler Loan now. Step 4. Follow these steps: Bike Price: Enter the total price of the bike you want to buy. 24 to 84 months. Eligibility. , you are effectively paying 14. Mar 12, 2023 · Bike Loan calculator. 6 % (from rate available with Excellent credit). 35% p. Loan amount: the total amount you plan to borrow to purchase the bike. ₹ 0. 16. 04. 99 %*. Apply Now! If the two-wheeler costs Rs 1 lakh, the loan interest rate is 13. Loan Amount. Individual. Apply now. 08. 700-759 credit score = 3. How long ? (Years) Interest rate. You may also check your Balance by calling Toll Free Nos. Remember, this formula serves as a foundational understanding.