Two-Wheeler Loan EMI Calculator

Loan		100 K
Tenure
Interest	%

Copy

EMI

2,458

Interest

47,500

Principal

100,000

Total

147,500

47 K

5 Year

100,000

38 K

Year

Original

Reduced 𝒊

How to Reduce Interest/ Tenure?

Pay Extra EMI every year. 𝒊
Increase EMI by % every year. 𝒊
Pay Lump-Sum in year. 𝒊

Loan Summary
Loan start year
Tenure reduced	1 year
Interest saved	9,500

Loan Summary

Loan start year

Tenure reduced

1 year

Interest saved

9,500

Loan Payment Schedule

Original Reduced

41 K

30 K

20 K

10 K

2024

2026

2028

Balloon Payment

Two-Wheeler Loan EMI

A Two-Wheeler Loan EMI Calculator is an easy-to-use tool that helps you estimate your monthly EMI (Equated Monthly Installment) based on the loan amount, interest rate, and tenure. This tool enables you to see how different factors, like adjusting the loan amount or tenure, affect your EMI. It helps in budgeting and planning by giving you a clear view of your repayment obligations and allows you to compare various loan options for purchasing a two-wheeler.

Calculate Two-Wheeler Loan EMI

To calculate two-wheeler loan EMI enter loan details including loan amount, interest rate, tenure and choose months or years.
Click Calculate to view your initial loan breakdown.
Customize payment options with three inputs.
Select a number of extra EMIs per year.
Increase EMIs by a percentage.
Select lump sum payment in a specific year.
Adjust inputs as needed and click Recalculate to update your tenure and interest dynamically.

Eligibility Criteria for Two-Wheeler Loan EMI

Age Requirement: Applicants must be at least 21 years old and not older than 60 at the end of the loan tenure, as this age requirement can influence the two-wheeler loan EMI.
Income Criteria: A stable source of income is required. Lenders typically have minimum income requirements that vary based on the applicant's employment status, which affects the calculation of the two-wheeler loan EMI.
Employment Status: Salaried individuals should have a minimum period of work experience with some time spent in the current job; self-employed individuals should have a stable business with a track record, as these factors are crucial in determining the two-wheeler loan EMI.
Credit Score: A good credit score is preferred to ensure loan approval and may help in securing better interest rates, positively impacting the two-wheeler loan EMI.

Two-Wheeler Loan EMI Calculator FAQ

How can I use a Two-Wheeler EMI Calculator effectively?

To use a two-wheeler EMI calculator effectively, input the loan amount, interest rate, and loan tenure. The calculator will show you your estimated monthly EMI, allowing you to adjust the parameters to find an EMI amount that fits your budget and financial goals.

What factors can affect my Two-Wheeler Loan EMI?

The EMI amount for a two-wheeler loan is influenced by factors such as the loan amount, interest rate, and loan tenure. A higher loan amount or interest rate will increase your EMI, while a longer tenure will reduce the EMI but may increase the total interest paid. Use a two-wheeler EMI calculator to understand how these factors affect your monthly payments.

Can I prepay my Two-Wheeler Loan?

Yes, most lenders allow prepayment of a two-wheeler loan. Making prepayments can help reduce the principal amount and, subsequently, the total interest paid over the loan term. Be sure to check with your lender for any prepayment penalties or conditions that may apply.

How extra EMI(s) help?

At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.

Payment	Tenure	Interest
Current	5 year	47,500
1 Extra EMI/ year	5 year ▶ 0 year	43,542 ▶ 3,958
2 Extra EMI/ year	5 year ▶ 0 year	38,792 ▶ 8,708
3 Extra EMI/ year	4 year ▶ 1 year	37,208 ▶ 10,292

How increasing EMI helps?

As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.

Payment	Tenure	Interest
Current	5 year	47,500
Increase EMI by 1%	5 year ▶ 0 year	46,708 ▶ 792
Increase EMI by 3%	5 year ▶ 0 year	44,333 ▶ 3,167
Increase EMI by 5%	5 year ▶ 0 year	41,958 ▶ 5,542

How Paying Lumpsum Amount helps?

If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.

Payment	Tenure	Interest
Current	5 year	47,500
Pay 10% in 2nd year	5 year ▶ 0 year	42,750 ▶ 4,750
Pay 20% in 3rd year	4 year ▶ 1 year	38,000 ▶ 9,500
Pay 30% in 4th year	4 year ▶ 1 year	38,000 ▶ 9,500

How to Reduce Interest/ Tenure?

Making early payments towards Principal amount can reduce your Interest and/ or Tenure.

1. How extra EMI(s) help?

At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.

2. How increasing EMI helps?

3. How Paying Lumpsum Amount helps?