Personal loan starting
@ 10.99% p.a
All you need to know
Personal loan for all your needs
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit Score
Home Extension Loan Affordable Housing Loan PMAYQuick Cash Plot & Construction Loan Balance Transfer Home Loan Top Up Home Loan EMI Calculator PMAY Calculator Balance Transfer & Top-up Calculator Home Loan Eligibility Calculator Area Conversion Calculator Stamp Duty CalculatorKnow MoreCheck Credit Score Home Loan Rates & Charges Home Loan Documents Required Home Loan Online RERA Approved Housing Projects
Business Loan EMI Calculator Business Loan Pre-payment Calculator GST Calculator Foreclosure Calculator Hybrid Term Loan Machinery Loan MSME Loan Small Business LoanBusiness Loan Rates & Charges Business Loan Documents Required
Used Car Loan Loan On Used Car New Car Loan Two Wheeler Loan Used Car EMI Calculator Two Wheeler EMI Calculator Apply Now Apply Now
Know More Apply Now Loan Against Securities Rates & Charges Loan Against Securities Documents Required Loan against Shares Loan against mutual funds Check Credit ScoreLoan Against Securities Rates & Charges Loan Against Securities Documents Required
Know More Apply Now Loan Against Property Rates & Charges Loan Against Property Documents Required EMI Options Hybrid Term Loan Secured BL (SBL) Loan Against Property EMI Calculator
Know More Apply Now Education Loan Rates & Charges Education Loan Documents Required Education Loan EMI Calculator Request a Callback
Know More Microfinance Rates & Charges Microfinance Documents Required Microfinance EMI Calculator Want To Know More? Request a Callback
Rural Individual Loan Know More Rural Individual Loan Rates & Charges Rural Individual Loan Documents Required Rural Individual Loan EMI Calculator Request a Callback
Sign in to unlock
special offers!
With a scooty EMI calculator, you can quickly estimate the fixed monthly cost for a bike loan. It eliminates the chances of potential errors in manual calculations and helps you pick the right loan as per your budget.
Are you looking to buy a two-wheeler? Use Tata Capital’s bike EMI calculator to determine the EMI and interest amount payable on your two-wheeler loan.
Thank you for your application
If you’re thinking of buying a bike on loan, it’s important to understand how much you’ll be paying monthly. A bike EMI calculator helps you do just that. By entering basic details like the loan amount, interest rate, and tenure, you get an instant estimate of your monthly installments. You can simply adjust these values to arrive at an amount you’re comfortable with.
The two-wheeler loan calculator helps you budget better and opt for a loan that suits your needs. With a user-friendly interface and instant results, the EMI calculator ensures a smooth, stress-free bike-buying experience from start to finish. Want to learn how to calculate bike EMI interest? We’re here to help you out.
An EMI calculator for scooter is the most convenient tool to calculate your potential EMIs in advance. To use a two-wheeler loan EMI calculator, you need the following three inputs –
Before you secure a two-wheeler loan to buy a bike, it's important to determine your potential EMIs to ensure you can manage the repayments comfortably. This is where a bike loan EMI calculator comes in. The bike finance calculator helps you calculate two-wheeler loan EMI in advance so you can make an informed decision.
Loan amount
Loan duration
Loan duration
Rate of interest
Monthly EMI
Total Amount Payable
0*
Total Interest Payable
0*
Total Amount Payable
Total Interest Payable
Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.
Before applying for the loan, evaluate your finances carefully and use a two-wheeler loan calculator to check if the EMIs are manageable based on the loan amount and interest rate. If you’re wondering how to calculate bike EMI without the calculator, use this formula:
EMI = P × R × [(1 + R) N / ((1 + R) N - 1)]
Where:
P represents the principal loan amount
R represents the monthly interest rate
N represents the loan tenure
Suppose you borrow Rs. 3 lakh at an annual interest rate of 9% for 4 years. In the above formula, the values you need to put are as follows:
⦁ Loan amount (P): Rs. 3,00,000
⦁ Monthly interest rate (R): 9% / 12 = 0.75% or 0.0075
⦁ Loan tenure (N): 4 × 12 = 48 months
Now, if we apply these values to the EMI calculation formula:
EMI = Rs. 3,00,000 × 0.0075 × [(1.0075)⁴⁸ / ((1.0075)⁴⁸ − 1)]
EMI = Rs. 7,466 per month
The other results are:
⦁ Total loan amount payable: Rs. 3,58,400
⦁ Interest payout: Rs. 58,400
However, instead of calculating manually, you can use an online two-wheeler EMI calculator to get quick results. Just enter the amount, rate, and tenure, and the tool will show your expected monthly installment instantly.
Here is a two wheeler amortization schedule:
| Month | Opening Balance | Monthly Interest | Monthly Principal | Outstanding Balance |
|---|---|---|---|---|
| 1 | Rs. 2,00,000 | Rs. 1,708 | Rs. 7,544 | Rs. 1,92,456 |
| 2 | Rs. 2,92,456 | Rs. 1,644 | Rs. 7,608 | Rs. 1,84,848 |
| 3 | Rs. 1,84,848 | Rs. 1,579 | Rs. 7,673 | Rs. 1,77,175 |
| 4 | Rs. 1,77,175 | Rs. 1,513 | Rs. 7,739 | Rs. 1,69,436 |
| 5 | Rs. 1,69,436 | Rs. 1,447 | Rs. 7,805 | Rs. 1,61,631 |
| 6 | Rs. 1,61,631 | Rs. 1,381 | Rs. 7,871 | Rs. 1,53,760 |
| 7 | Rs. 1,53,760 | Rs. 1,313 | Rs. 7,939 | Rs. 1,45,821 |
| 8 | Rs. 1,45,821 | Rs. 1,246 | Rs. 8,007 | Rs. 1,37,815 |
| 9 | Rs. 1,37,815 | Rs. 1,177 | Rs. 8,075 | Rs. 1,29,740 |
| 10 | Rs. 1,29,740 | Rs. 1,108 | Rs. 8,144 | Rs. 1,21,596 |
| 11 | Rs. 1,21,596 | Rs. 1,039 | Rs. 8,213 | Rs. 1,13,382 |
| 12 | Rs. 1,13,382 | Rs. 968 | Rs. 8,284 | Rs. 1,05,099 |
| 13 | Rs. 1,05,009 | Rs. 898 | Rs. 8,354 | Rs. 96,744 |
| 14 | Rs. 96,744 | Rs. 826 | Rs. 8,426 | Rs. 88,319 |
| 15 | Rs. 88,319 | Rs.754 | Rs. 8,498 | Rs. 79,821 |
| 16 | Rs. 79,821 | Rs. 682 | Rs. 8,570 | Rs. 71,251 |
| 17 | Rs. 71,251 | Rs. 609 | Rs. 8,643 | Rs. 62,607 |
| 18 | Rs. 62,607 | Rs. 535 | Rs. 8,717 | Rs. 53,890 |
| 19 | Rs. 53,890 | Rs. 460 | Rs. 8,792 | Rs. 45,098 |
| 20 | Rs. 45,098 | Rs. 385 | Rs. 8,867 | Rs. 36,231 |
| 21 | Rs. 36,231 | Rs. 309 | Rs. 8,943 | Rs. 27,289 |
| 22 | Rs. 27,289 | Rs. 233 | Rs. 9,019 | Rs. 18,270 |
| 23 | Rs. 18,270 | Rs. 156 | Rs. 9,096 | Rs. 9,174 |
| 24 | Rs. 9,174 | Rs. 78 | Rs. 9,174 | Rs. 0 |
A two wheeler loan EMI calculator has several benefits. These include
Tata Capital's two-wheeler loan is designed to make bike ownership straightforward and affordable. Here is what makes it stand out:
Wide range of vehicles covered: Finance available for motorcycles, scooters, mopeds, and electric two-wheelers
High loan amount: Tata Capital offers you a two-wheeler loan of up to Rs. 5 lakh at a competitive interest rate starting from just 12.5% p.a.
Flexible tenure: Repayment periods typically range from 6 to 60 months, allowing you to choose the repayment tenure and EMIs that fit your budget
Minimal documentation: Simple KYC, identity proof, income proof, and vehicle details are all that is required
Fast disbursal: Quick approval and disbursement process, so you can ride home sooner
Online application: End-to-end digital application from any compatible device
Your monthly two-wheeler loan EMI is shaped by three primary variables. Here is how each one impacts the figure:
| Factor | Effect on EMI |
|---|---|
| Loan Amount (Principal) | Higher loan amount → Higher EMI |
| Interest Rate | Higher rate → Higher EMI and more total interest paid |
| Repayment Tenure | Longer tenure → Lower EMI but higher total interest; shorter tenure → Higher EMI but lower total cost |
| Down Payment | A larger down payment reduces the principal, lowering the EMI |
Using the bike EMI calculator to test different combinations of loan amount, tenure, and down payment helps you find the best-suited deal before submitting your application.
Calculating your bike loan EMI online takes just a few seconds:
1. Open the Tata Capital Bike EMI Calculator on the website
2. Enter the loan amount (on-road price minus down payment)
3. Input the applicable interest rate
4. Select your preferred repayment tenure in months
5. The calculator instantly displays your monthly EMI, total interest payable, and total repayment amount
6. Adjust the inputs to compare different scenarios and select the option that best fits your budget
Some of the important documents required for a two-wheeler loan application include:
Completed application form with recent passport-sized photographs
KYC documents, such as identity proof (PAN card, Aadhaar, Passport, or Voter ID), address proof (utility bills, Aadhaar, Passport, etc.), and age proof (PAN, Birth Certificate, etc.)
Signature verification (PAN card copy or bank verification)
Income proof, like the latest salary slips/Form 16 for salaried professionals, and last year’s ITR for self-employed individuals (as applicable)
Bank statements for the last 3 to 6 months
Employment stability proof for salaried applicants and business ownership or stability proof for self-employed applicants
Before using a bike loan EMI calculator, here are a few things you must consider:
1. You can only adjust the bike loan interest rate up to a certain point, depending on the website.
2. The EMI amount calculated by the bike EMI calculator is only an estimate of the installments payable. The actual EMI might differ based on various other factors of your bike loan application. But there wouldn’t be a significant difference between the two.
3. Some calculators might ask for other details, such as the processing fee, to calculate the bike EMI. However, it might be optional and wouldn’t cause much difference.
The EMI for a bike loan is calculated using this formula:
EMI = [P × R × (1+R)ⁿ] / [(1+R)ⁿ – 1]
Here, ‘P’ is the principal amount, ‘R’ is the monthly interest rate, and ‘n’ is the loan tenure in months.
This formula ensures equal monthly payments throughout the tenure. For example, if you borrow Rs. 1,00,000 at 13% annual interest for 12 months, your EMI will be about Rs. 8,932.
Yes, Tata Capital allows you to prepay or make a part-payment on your two-wheeler loan to reduce either your EMI or the loan tenure. This flexibility helps you manage your repayment better and lowers the overall cost of borrowing. Benefits include:
Reduced overall interest outgo
Option to lower EMIs for easier monthly budgeting
Shorter loan tenure for quicker debt clearance
Improved credit profile through responsible repayment
Here’s how buying a two-wheeler outright compares to opting for an EMI plan:
Outright purchase: You pay the full amount upfront, avoid interest costs, and own the vehicle debt-free from day one, but it requires a large lump sum.
Tata Capital’s two-wheeler loan interest rates start from 12.5% per annum, offering affordable financing for bikes and scooters. The exact rate you receive depends on your credit score, income profile, and overall eligibility.
Tata Capital’s two-wheeler loans come with a fixed interest rate, which means your EMI amount remains the same throughout the loan tenure, making it easier to plan and manage your monthly budget without surprises.
Here’s a quick, step-by-step way to apply with Tata Capital:
1. Online: Visit the website, click on ‘Apply Now’, fill out the form, and upload the KYC/income documents as needed.
2. Phone: Call Tata Capital’s toll-free 1860 267 6060 to apply or request a call back.
3. Virtual assistant: Chat 24X7 with Tata Capital’s virtual assistant, TIA, to check your eligibility and start an application.
4. Email: Write to customer care with your basic details to initiate the process.
You can easily track your Tata Capital two-wheeler loan application status both online and offline. Here’s how:
1. Online: Visit Tata Capital’s website and enter your application details to view its status instantly.
2. Offline: Visit a Tata Capital branch with a valid ID proof and your application reference number for an update.
3. Customer care: Call the toll-free number or email customer care with your loan details to receive status information.
To lower your two-wheeler loan interest rate, consider the following tips:
Maintain a high credit score
Make a larger down payment
Negotiate with multiple lenders
Leverage an existing relationship with a lender
Take advantage of promotional offers or discounts
Yes, having a high credit score can help you secure lower interest rates on a two-wheeler loan, as it reflects strong repayment history and lowers the lender’s risk, improving your chances of better terms.
Submitted successfully
Uh oh, something went wrong
Please try again later.
Start an SIP in minutes by signing up with the Tata Capital Moneyfy App. We are your one stop shop for all things investment.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the message to download the Moneyfy App.
Looking for a seamless loan experience? Get the Tata Capital Loan App and Apply for loans, Download Account Statement/Certificates, Track your requests & much more.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the message to download the Moneyfy App.
Thank you for subscribing
We will send news and updates to your registered email ID
Trust the links that start from https://www.tatacapital.com
Do not make payments in any individual’s bank accounts.
Call our Customer Care Number 1860 267 6060 for assistance
For any assistance, contact our customer support
rahul.sharma@gmail.com
Click allow button to receive notifications
SMS sent successfully 