Two-Wheeler Loan EMI Calculator
Enter Your Loan Details
Example: Priya Sharma’s Two-Wheeler Loan
Priya Sharma, a 25-year-old office assistant from Chennai, wants a ₹1,00,000 scooter. She takes a loan at 12% interest for 2 years. Here’s what she sees:
- Loan Amount: ₹1,00,000
- Interest Rate: 12%
- Tenure: 2 years
The result shows:
Monthly EMI
₹4,708
Total Interest
₹12,992
Total Amount
₹1,12,992
Frequently Asked Questions
What is a two-wheeler loan EMI?
EMI is a fixed monthly payment to repay your two-wheeler loan, covering principal and interest.
Can I prepay my two-wheeler loan?
Yes, often with minimal or no penalties, reducing interest costs.
What affects my two-wheeler loan EMI?
Loan amount, interest rate, and tenure. Higher rates increase EMI; longer tenures reduce it.
What’s the typical tenure?
1 to 3 years, balancing affordability for smaller loan amounts.
Do I need a down payment?
Yes, typically 10–20% of the vehicle’s cost, depending on the lender.