How To Calculate Your Two Wheeler Loan Premium Using The EMI Calculator

With the rising prices of two-wheelers in India, not everyone can afford to buy a bike. Therefore, two-wheeler loans help you purchase your dream bike without the need to redeem your savings. It is the best option to manage your finances. Two-wheeler loans require no down payment, but you will have to repay the loan amount with interest in EMIs.

When applying for two-wheeler finance, keep two things in mind: the two-wheeler loan interest rate and the equated monthly instrument (EMI). Ensure that you are getting a low-interest rate and can afford the monthly EMI without default. You can use your lender’s two-wheeler loan calculator to get an estimate of your EMI. It enables you to plan your finances by getting an exact estimate of your monthly payment.

Two-wheeler loan calculator

The best part about a two-wheeler loan calculator is that you can calculate your EMI in advance. EMI is an amount that consists of a portion of the principal amount and the interest that you will need to pay over a fixed loan tenure.

A two-wheeler loan calculator is an online financial tool that assists you in choosing an affordable EMI by adjusting the repayment tenure value. It is an easy and convenient way to plan your equated monthly instalments (EMIs) and repay the loan amount without defaults.

How does a two-wheeler loan calculator work?

Before committing to a two-wheeler loan, you will need to know your EMI amount. There are three main components that you can use to choose a loan and EMI that is affordable to pay every month from your income.

Principal loan amount: It is the amount that you need to borrow. You must repay the principal amount with interest over a fixed loan tenure.

Two-wheeler loan interest rate: The rate of interest levied on the principal amount for an agreed tenure.

Loan tenure: It is the period within which the borrower agrees to repay the loan amount along with interest in the form of Equated Monthly Instalments (EMIs).

Follow the underlying steps to understand how to calculate your EMI:

Step 1: Enter the principal amount that you need to borrow.

Step 2: Enter the two-wheeler loan interest rate in the second slider. The interest rate generally ranges between 1% to 20%.

Step 3: Now, enter your desired loan tenure within which you can repay the loan amount along with interest.

After adding the said details, the calculator will automatically and instantly show an accurate EMI. However, if you do not find an affordable EMI, you have the flexibility to alter the values as many times as you want until you reach a figure based on your needs.

Benefits of using a two-wheeler loan calculator

There are several benefits of using the online EMI calculator. The most apparent one is that you can figure out the amount that works for you.

  • Determine your affordability

The online EMI calculator enables you to determine whether you can afford the EMI amount. If not, you have the option to adjust the values of three components, particularly the value of the loan tenure, to arrive at an affordable EMI.

  • Helps in planning finances

Another perk of a two-wheeler loan calculator is to plan your monthly budget and ensure that you do not default on your bike loan payments. Furthermore, you will have enough to meet other financial requirements at home.

  • Absence of manual calculation

Calculating your EMI is full of hassle and is time-consuming. You are also prone to making mistakes and may not gather an accurate result. However, an online EMI calculator gives the most precise work, and that, right on the spot.

  • Easy to use

Anyone can use the EMI calculator irrespective of their understanding of the technology. It is the most accessible financial tool available for borrowers. It requires you to add three simple details, such as principal amount, interest, and loan tenure, to get your EMI amount.

  • Safety

The best part is its safety factor. Since it doesn’t require you to add your personal information like your name, contact number, email, and residential address, it is safe to use.


It is pretty easy to get the best two-wheeler loan, but before acquiring one, you will need to assess your needs and figure out how much you need and how much you can afford to pay as EMIs. There is no better tool available than the online EMI calculator to determine a suitable amount payable every month.




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