How can I buy a bike on EMI?

Online Application – Apply for a standard or super bike loan online for a hassle-free experience. You can also use an online two-wheeler EMI calculator to determine your potential EMIs before applying. Document Submission – Upload the required documents to buy a bike on EMI for loan approval. Verification – We will verify and validate your application and bike EMI details. Approval – Upon successful verification, we will sanction your two-wheeler loan and disburse the amount to the dealer.

How to manage your two-wheeler loan EMIs?

You can manage your two-wheeler loan EMIs by – Calculating your EMI in advance. This will help you manage your finances better and have a clear idea of how much you need to set aside every month for your two-wheeler EMI payment. Choosing a longer tenure if you are not comfortable with a high EMI value. But remember that a longer tenure comes with higher two-wheeler loan interest rates payout. Using smartphone applications to set a reminder for your monthly bike EMI payment. Setting aside the EMI money on the very first day of each month or notifying your bank for automatic payment to ensure you do not default.

Two Wheeler Loan EMI Options

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EMI Options

EMI Options

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Overview Required Documents Application Process Rates & Charges

Calculators

EMI Options

What is an EMI?

EMI or Equal Monthly Instalments is the amount you have to pay every month to repay your loan. Your two-wheeler loan EMI includes the principal as well as the interest amount on loan over a fixed tenure. You can easily calculate your Bike EMI value in advance with the help of an online two-wheeler loan EMI calculator. Say yes to an EMI bike purchase with Tata Capital. Apply today for a hassle-free experience and the most affordable EMI interest rate for bike in the industry.

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How to Choose the Right EMI Option?

Selecting the right two-wheeler loan EMI options is essential for a smooth repayment experience. To determine the right EMI option for
bikes, answer the following questions -

How soon do you want to pay off your two-wheeler loan?

Choose a short tenure if you want to repay your loan as soon as possible. However, remember that a short loan tenure means higher bike EMI every month.

How much EMI can you afford to pay in a month?

Evaluate your income and monthly financial obligations to determine the amount you can set aside for your bike loan EMI every month. If the 2-wheeler EMI exceeds your repayment capacity, opt for a longer tenure.

How much of an interest rate are you comfortable with?

If you want to pay a low EMI interest rate for bike, then you must opt for a short tenure. This is because a longer tenure comes with a higher interest payout. However, you must evaluate this carefully based on your current income and expected raise in the future.

Two Wheeler EMI Option

Fixed EMI

If you opt for the fixed bike loan EMI plan, your loan's principal and interest components will remain the same throughout the loan tenure. As a result, the EMI also remains fixed.

EMI amount remains unchanged for the duration of the two-wheeler loan.

What are the Modes of Paying Bike Loan EMI?

We offer multiple payment modes to help you conveniently pay your EMIs.

Make Your Bike EMI Payment Online

We enable you to conveniently buy a scooty online on EMI and make your bike EMI payment online through our website or your smartphone anytime and anywhere.

Drop a cheque

If you're not comfortable with the online bike EMI payment method, you can select a nearby branch and drop off a cheque at your convenience to pay your two-wheeler instalment.

E-Nach/Mandate

Repay your EMIs by Auto Debit through your registered bank account with E-Nach /Mandate facility.

Popular FAQs

Online Application – Apply for a standard or super bike loan online for a hassle-free experience. You can also use an online two-wheeler EMI calculator to determine your potential EMIs before applying.
Document Submission – Upload the required documents to buy a bike on EMI for loan approval.
Verification – We will verify and validate your application and bike EMI details.
Approval – Upon successful verification, we will sanction your two-wheeler loan and disburse the amount to the dealer.

The most common two-wheeler loan repayment process is to repay it in Equal Monthly Instalments or EMIs over the loan tenure. You can use an online two-wheeler EMI calculator to determine this value in advance. Depending on your preference, you can opt for bike EMI online payment or drop a cheque at your nearest branch.

No, you cannot change your 2-wheeler EMI once we have sanctioned your loan and disbursed the amount. You can make changes to the EMI before the application processing stage. You can adjust the loan tenure in a two-wheeler EMI calculator to arrive at a more comfortable EMI value.

You can manage your two-wheeler loan EMIs by –

Calculating your EMI in advance. This will help you manage your finances better and have a clear idea of how much you need to set aside every month for your two-wheeler EMI payment.
Choosing a longer tenure if you are not comfortable with a high EMI value. But remember that a longer tenure comes with higher two-wheeler loan interest rates payout.
Using smartphone applications to set a reminder for your monthly bike EMI payment.
Setting aside the EMI money on the very first day of each month or notifying your bank for automatic payment to ensure you do not default.

Under this plan, the principal and interest amounts remain the same for the duration of the loan. As a result, the two-wheeler EMI also remains fixed. This EMI option is suitable if you have a consistent income that will likely remain the same in the future.