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