What is a Two Wheeler Loan EMI?
A two-wheeler loan EMI follows the same reducing-balance formula as other retail loans.
How is it calculated?
Enter financed amount, dealer or bank rate and tenure in years.
Formula used
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
P = principal, r = annual rate ÷ 12 ÷ 100, n = months
P = principal, r = annual rate ÷ 12 ÷ 100, n = months
Worked example
₹1.2 lakh at 12% for 3 years has an EMI of about ₹3,986.
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Frequently asked questions
Should I finance accessories?
Only if you must. Extra principal increases EMI and interest.
Grow Money Calculator provides general financial calculation tools for educational and planning purposes. Results are estimates based on the information you enter and may differ from actual lender, bank or investment-product calculations. This is not a loan offer or investment advice. Read the full disclaimer.