Electric bike loan calculator. Partner With Us

EMI Calculator

Three major factors influence the final EMI amount that a borrower pays to the lender. The interest rate, the loan tenure, and the principal amount, in combination, give a simple EMI formula for EMI calculation. The formula is as follows:

In the above formula, E represents EMI, P is the principal loan amount, R is the monthly interest rate (calculated as R%/12), and n represents the loan tenure. To better understand the use of EMI calculation, assume a borrower receives a property loan of Rs.1 crore that must be repaid over the next 20 years at an interest rate of 8%.

EMI= [100000000.00666667(10.00666667) 240 / [(10.00666667) 240.1] = 83644

In this case, the monthly EMI payment for the borrower would be Rs.83,644. Therefore, the total amount payable in interest would be Rs.1,00,74,544, and the total amount due would be Rs.2,00,74,560.

The EMI calculation is more complicated if you wish to do it manually when you want to know the bifurcations of the EMI to the components of interest and principal. Besides the benefit of ease, the other points that make equated monthly instalment calculators useful are-

bike, loan, calculator
  • It assists you in obtaining an accurate estimate of your EMI amount so that you can budget your monthly finances accordingly.
  • You can save time by using a loan EMI calculator. You don’t have to do the complicated calculations manually, which can take a long time.
  • It eliminates the possibility of a calculation error, giving you precise results every time.

How to use an EMI calculator?

The easy EMI calculator has been created in such a way that anyone can use it. To calculate your monthly EMI payments, you don’t need to learn any complicated formulae. It is simple to use, intuitive to understand, and quick to perform, with colourful charts and instant results. In the EMI Calculator, you will have to enter the following information:

  • The principal amount of the loan
  • Term of the loan (months or years)
  • Applicable interest rates (percentage)

You can either adjust the values with sliders in the EMI calculator form or type the values directly in the relevant boxes provided to enter more precise values. The EMI calculator will recalculate your monthly payment (EMI) amount when the values are changed.

There’s also a pie chart showing the breakdown of total payment (total principal vs genuine interest payable). In all charges made against the loan, the EMI interest calculator shows the genuine interest versus principal percentage.

Types of EMI calculators

Personal Loan EMI calculator

Personal Loan is the most popular type of credit availed. The reason being it has no-end use restrictions. Whether it is funding a medical treatment, house repair, or taking an overdue family vacation, the loan allows you to meet all your financial requirements hassle-free.

Personal Loan EMI calculator is an online calculator that comes in handy to determine your eligibility and plan your repayment. All you need to do is enter a few key variables and the calculator will provide you with accurate results in no time.

Education Loan EMI calculator

Pursuing higher education is always a boon for your career. Thanks to Education Loans you can pursue this dream. The loan can be availed at a competitive interest rate and repaid easily once the moratorium period is complete.

If you are wondering what the loan repayment EMI will be, use an Education Loan EMI calculator to determine it. The EMI calculator is readily accessible on every bank’s website and can be used free of charge.

Car Loan EMI calculator

If you have been wanting to buy a car for a while now, head to the showroom today and book your favourite car! Do not forget to plan your repayment before doing so. Planning your Car Loan repayment ensures you are able to clear your loan and drive your car worry-free.

Car Loan EMI calculator is a useful online tool that helps you plan your Loan repayment. It provides an estimated idea of the EMI payable, giving you chance to understand your affordability status and plan other finances accordingly.

Home Loan EMI calculator

A home is one of the most valuable investments you make in your life. It requires huge capital and if you opt for a home loan, the principal amount is also high.

It is necessary for you to plan your home purchase strategically. A Home Loan EMI calculator helps you do so. The calculator helps determine the maximum loan amount you can avail and subsequently plan its repayment.

Loan against property EMI calculator

A loan against property is a secured loan you can get to meet your financial requirements. You can receive a significant loan amount at an attractive interest rate. Use a loan against property EMI calculator to determine the EMI payable. Knowing the EMI payable is necessary and advantageous as you know the certain amount to keep aside every month for repayment to observe good control over your spending.

Factors influencing your EMI amount

Today any credit you avail whether it is by applying for a Loan or by swiping your Credit Card can be easily repaid in Equated Monthly Installments (EMI). A number of factors influence the EMI payable; the most important ones are listed down below:

bike, loan, calculator

Loan amount

The total loan amount is a significant factor that determines every EMI you pay. Given this, a higher loan amount can translate into a higher EMI payable. Consider your financial requirement and affordability to determine a suitable loan amount.

Interest rate

Interest rate is the amount charged by the bank for offering you the loan amount. You repay a part of the interest with every EMI. Hence, the interest rate charged impacts your EMI payable significantly. Typically, the EMI’s interest component is higher in the initial period of the tenure. It reduces as you start repaying the principal loan amount.

The interest rate offering differs for each bank. It is also dependent on your financial profile. Explore the market to find the best interest rate offerings and keep up with a solid financial profile.

Repayment tenure

The repayment tenure or the term of the loan also influences your EMI amount. Choose a repayment tenure considering your risk appetite and convenience. Make timely payments to ensure you are able to repay the taken loan amount without feeling burdened and costing your credit score.


Accessibility:You can use the loan EMI calculator at any time and from any location. You are also free to use the finance EMI calculator as many times as you want.

Simple and time-efficient: When comparing the loans offered by different banks, using the same formula over and over can become tedious and time-consuming. However, by calculating EMI online, you can save time and complete all of the lengthy and tedious calculations in a matter of seconds. As a result, you can experiment with as many different amounts, tenures, and interest rates as you want.

Accuracy: When performing calculations manually, you run the risk of making a mistake. When you calculate EMIs for loans offered by different banks separately, the chances of making an error increase even more. With a single click, the online EMI calculator assists you in making error-free calculations.

The Consumer’s Guide to Motorcycles

Authored by Jose Abuyuan on May 25, 2020

Many enthusiasts enjoy motorcycling for the camaraderie of biking groups and its adventurous culture. It calls to mind the image of a rugged American on a black chopper riding through the open road.

But apart from the passion of riding big bikes, people purchase motorcycles for many different reasons. Some ride them for fuel efficiency, the ability to move through traffic, and the ease of finding parking space.

Others ride motorbikes because they are eco-friendly. Motorcycles emit lower fossil fuels with 30 percent less carbon dioxide than cars. On the other hand, drivers who like to compete in racing also engage in professional biking activities. Whatever your reasons, there’s bound to be a motorcycle that suits your needs.

In this guide, we’ll walk you through the different types of motorcycles, common brands, and their estimated price range. We’ll also talk about when to purchase a new or used motorbike, maintenance, and average motorcycle costs compared to driving a car. Finally, we’ll talk about precautions you should take before riding in the winter.

Different Types of Motorcycles to Consider

There is a staggering assortment of motorcycles available on the market. Even if you think you know what kind you want, it pays to check out other types of units that better fit the bill. Whether you’re new to motorcycling or looking to upgrade your current unit, below is a detailed list of different motorcycles and popular brands:


Standard motorcycles are the ideal beginner’s bike. It is the oldest motorcycle style that’s been manufactured for decades, which integrates an upright seat and handlebars that are fitted a comfortable distance from the rider. Its multipurpose function makes it apt for regular commuting and some cross-country touring. It comes with a comfortable seat height within the shorter or middle range, and engines from 125cc up to a powerful 1,000cc.

If you’re getting started, one of the best things you can do is sign up for the Basic Rider Course offered by the Motorcycle Safety Foundation. Depending on where you live, this course costs between 275-350.

Bike EMI Calculator. Two Wheeler Loan Calculator | Bike Loan | Dialabank

Pigly’s Tip!

Standard motorcycles don’t impose a full forward-leaning posture or a reclining form, maintaining a neutral stance while you ride. When it comes to features, standard bikes can be fitted with a different seat, luggage, and a tank bag.

Price: Standard motorcycles can cost around 4,300 up to 15,500, according to U.S. News. Other sources such as GQ states that a standard motorcycle for a beginner costs around 5,000 and 10,000.

Popular Standard Motorbikes: The Motorcycle Legal Foundation highlights popular standard motorbikes for beginners. These include the following brands and models:

  • Harley-Davidson Street 500
  • KTM RC 390
  • Yamaha SR400
  • Suzuki GW250
  • Kawasaki Z125 Pro SE
  • Honda Grom 125
  • Ducati Monster 797
  • BMW G310GS


Cruiser motorbikes, also known as choppers, get its name for its purpose. They’re specifically built for cruising comfortably during long rides around town or open roads. When you think of a cruiser, the first brand people imagine is the Harley-Davidson for its iconic bike designs. This type of vehicle is suitable for both beginners and experienced motorcyclists.

Pigly’s Tip!

Cruisers are a good weekend rider that come with a front pouch, a tank bag, or saddle bags for storage. It’s designed for a laid-back riding stance with your feet forward and hands in a neutral or high position. However, cruisers do not have large front fairing to deflect wind. This means long-distance rides may not be as smooth as touring motorcycles.

Price: Cruiser motorcycles come in different price points. Some have a market price of 4,300, while others can cost as high as 21,000. Outfitting your cruiser with personalized accessories definitely pushes your expenses higher.

Popular cruisers: Motorcycle resource site Cycle World lists down well-known cruiser motorcycle brands buyers should consider. Some of these popular brands and models include:

  • Harley-Davidson Low Rider
  • Moto Guzzi MGX-21
  • BMW R18 Cruiser
  • Indian Chief
  • Ducati XDiavel
  • Triumph Rocket 3
  • Yamaha V Star 250
  • Honda Rebel 500


Touring motorcycles are larger bikes with bigger gas tanks designed for long-distance cross-country rides. It’s the ideal bike for weekend trips to the coast. Built with reliability and convenience in mind, touring bikes are equipped with more storage space meant for gear and luggage items. They come with different engines, allowing you to start with a 1037cc engine, to a reliable 1833cc engine.

Pigly’s Tip!

Expect touring bikes to provide a more upright seating position. It keeps arms and legs sturdy for long periods of time, helping maintain full control of the bike. over, touring motorcycles come with large fairings or high windshields that help deflect the wind. Overall, expect a smooth and comfy ride.

Price: Since touring bikes are much larger with more storage features, they have a higher price point compared to standard motorcycles. Touring bikes usually range between 8,400 up to around 44,000.

Did You Know

A best-selling philosophy book is entitled Zen and the Art of Motorcycle Maintenance by Robert M. Pirsig. Published in 1974, it sold more than 5 million copies world wide. It’s a fictionalized autobiography of Pirsig’s 2-month motorcycle journey in 1968 with his son from Minneapolis to the West.

Buying New vs. a Used Motorcycles

Now that you know about different types of bikes, let’s move on to another purchasing issue. It’s every buyer’s dilemma, especially for beginners: When should you buy a new or used motorbike?

Purchasing a used unit is a good way to save money upfront, since new motorcycles typically cost more. Going through used units can also help you find old models (if you’re looking for a specific make) that still runs relatively well for their age.

However, choosing a used unit comes with risks, such as hidden maintenance issues. And though your budget is a major factor in choosing a new or used unit, it ultimately boils down to your personal preferences.

To help you decide, here are several things to consider before buying a new or used motorbike:

Upfront Payment and Financing

In buying a new motorcycle, make sure to secure financing first before going to a dealer. For people looking to buy a used motorcycle from a private seller, it usually means paying in full. So if you need financing, consider buying from a dealer. Likewise, buying a new motorcycle from a trusted dealer gives you financing opportunities, allowing you to shop for more favorable rates.


Another thing to think about is motorcycle mileage. Most used motorbikes with a range of 10,000-15,000 miles require major repair and maintenance service. This can easily add around 800 to 450,500 on top of the resale price. For instance, if you’re looking to purchase a used 2016 Harley-Davidson Dyna Low Rider for 10,500, the total cost could be somewhere between 11,300 to 12,000.

Condition and Safety

Even with inspection, sometimes used motorcycles can have mechanical issues that you’ll have to deal with for the long haul. Purchasing a new unit rids you of chronic problems that might creep up, which means reduced maintenance and higher safety. So if you’re using it for a long time, consider purchasing a brand-new unit.

As the only owner, a new motorbike allows you to maintain it well and familiarize yourself with any issues. People also opt for new motorcycles to prioritize reliability as well as new features. For safety features, most motorbikes for beginners have anti-lock breaks, which keep them from falling down. According to Autotrader, having anti-lock brakes alone makes a brand-new motorcycle purchase worth it.

New Motorcycle Warranty

On the other hand, new motorbikes typically come with 12 to 24 months of unlimited mile warranty. Apart from running well and helping you avoid mechanical problems, it’s covered by the manufacturer in case of factory defects. However, this is covered only with typical use (which is still better than none). Dealerships won’t cover damage due to accidents.

Your Maintenance Skills

For people who are willing to learn more about motorcycle repair, buying a used unit may not be that bad. Knowing how to do things yourself can save you a lot on maintenance costs. For other experienced riders, they don’t mind the risk of buying a second-hand motorbike because they are familiar with making repairs. But if you’re more concerned with having a bike that’s in good condition (that will save you from stress and costly repairs), then it’s a lot better to buy a new unit.

Two Wheeler Loan EMI Calculator

  • Easy to use two wheeler loan EMI Calculator
  • Lower Interest rates for two wheeler loans on EMI
  • Get scooter and bike loans for longer tenure of up to 48 months

Muthoot Capital Services Pvt. Ltd. offers a free and easy-to-use two wheeler loan EMI calculator. You can calculate your monthly outflow at the click of a button. Just click on the EMI calculator button to get started. Our dynamic two wheeler loan calculator helps you calculate the monthly repayment amount of your loan immediately. Fill your financial details and an auto computed figure will be displayed. You can easily plan your monthly budget accordingly.

Two Wheeler Loan Calculator

Use our EMI calculator to know your monthly installment. Select the loan amount, the applicable rate of interest, and tenure. In an instant, you will get the details of the installment, and the total amount payable. It is a free tool which is easy to use and is designed to help you make informed decisions.




The process of applying for a two wheeler loan is easy and transparent in the modern, internet-enabled world. You can repay the loan in Equated Monthly Installments or EMI. It is the amount that you pay the lender every month of the loan tenure. It is a mix of the principal amount and interest along with applicable taxes.

Formula for Two Wheeler Loan Calculator

The Two Wheeler Loan EMI value is calculated using the formula :

P x R x [(1 R) N / ((1 R) N – 1]

  • P denotes the loan’s principal amount,
  • R denotes the relevant rate of interest, and
  • N denotes the loan’s duration in months.

The formula for the Two Wheeler Loan Calculator is broadly dependent on the following:

  • Principal two-wheeler loan amount or the amount taken as a loan
  • Applicable rate of interest per month
  • Loan tenure. It is calculated in months, so it will be 6 months, 12 months, etc.

How to use a Two Wheeler Loan Calculator

It is advisable that you know your EMI amount before you commit to a two-wheeler finance. By using a two wheeler loan EMI calculator you will be able to plan how to repay your loan without any issues.

EMI kaise nikale | bike loan installment | EMI calculator se| mobile se EMI nikale | loan| kist

  • If you are looking to buy a bike on EMI you must first chalk out your monthly budget and the amount you can afford as an EMI per month.
  • You must take a reasonable figure that you can afford – our company representative can help you calculate the loan to value (LTV) ratio, which suggests the loan amount and EMI best suited to your income
  • You need to open the two wheeler loan calculator tool and select the required details like the amount of loan you need, theinterest rate that would be applicable and the tenure of the loan.
  • You can fill in the details with different loan amounts, tenure and interest rate till you reach an EMI amount suiting your needs.

Take your time in adjusting the various options on the calculator so that you are comfortable with the tentative EMI. The EMI calculator is a good guide. You can also contact our representative to find out your eligibility and the interest rate that you would get to get an exact EMI amount. Interest rates may vary from scheme to scheme. Your credit history also determines the rate of interest you command. Once you have the exact details, it is simple to arrive at a perfect calculation on the EMI calculator.

Benefits of using Two Wheeler Loan Calculator

You have taken the first step towards buying a bike on EMI but are not sure of the benefits of using the two wheeler loan calculator. The list below will dispel all your doubts.

  • One of the most important benefits of using a two-wheeler loan EMI calculator is that you get a fair idea of the amount that you would need to pay each month to own your bike. You can get rid of manual calculations and get an accurate number with a click.
  • The calculator allows you to choose the tenure that suits you best. You can minimise the interest you pay if you can estimate the tenure that helps you choose the most suitable EMI.
  • EMI calculators help you compare the costs and choose the best loan. They furnish you with a quote and you can choose the one that suits your requirements.
  • You can be aware of the financials involved beforehand and that gives you space for negotiation. You can bargain on the rate of interest and processing fee and reduce added costs.
  • The most important function of the loan calculator is that it helps you gather information on the charges that are involved. The break up gives you clarity about what you are paying under what head.

Factors Affecting Two Wheeler Loan EMI

Two-wheeler loan EMIs depend on the following factors:

Muthoot FinCorp’s Two-wheeler loan EMI Calculator is designed to offer you maximum ease. Here are the benefits of two wheeler loan :

  • Hassle-free Planning: Plan your bike loan without any hassles of manual calculations. Simply move the sliders left or right as per convenience and decide the structure of the loan.
  • Check Affordability: The bike loan EMI calculator helps in deciding a suitable loan structure and choose a bike within your affordability.
  • Transparency : The two-wheeler loan EMI calculator is completely transparent. Move any of the three sliders to see the loan structure changing in real-time. The figures shown include the processing fee and miscellaneous charges too.
  • Unlimited Access: The bike loan EMI calculator is always available on Muthoot FinCorp’s website. Access it from anywhere and from any device. Use it to decide your course of action or revisit it multiple times to find the right fit.

Frequently Asked Questions

What Documents are required to avail bike loan on EMI ?

Here are the required documents for bike loan you need to avail:

Valid Identification (Any one) : Aadhar Card / Voters ID Card / Passport / Driving License / PAN Card

Valid Address Proof (Any one): Identification documents can also be used / Ration Card / LIC Policy

Income Proof (Any one) : Bank Statement / ITR / Salary Slips / Form 16

Asset Proof: Documents of self-owned property as Asset Proof for processing your two-wheeler finance

Photograph: A recent passport size photograph

How can I make my two wheeler loan EMI payments?

There are two ways through which you can pay your Muthoot FinCorp two-wheeler loan EMIs:

  • Muthoot FinCorp’s payment page: Log on to https://www.muthootepay.com/ and fill in your details. The website will guide you to the EMI payment page. You can pay through this portal with a debit card/credit card/netbanking or UPI.
  • Muthoot Capital App: Download the Muthoot Capital App on your smartphone and pay the EMIs on-the-go. Get queries answered and stay updated on the loan through the app too.

How to reduce your two wheeler loan EMI?

Here are a few ways to reduce your two-wheeler loan EMI.

  • Choose a longer tenure: A longer tenure will stretch the total cost over a greater number of EMIs, reducing the monthly amount.
  • Choose a smaller principal amount: Your principal is the main deciding factor for the EMI. A smaller principal amount means smaller EMI payments.

Does loan tenure affect two wheeler loan EMI?

Yes, the loan tenure affects the EMI. A longer tenure will reduce the EMI amount as the total cost will be divided by a greater number. A shorter tenure increased the EMI amount significantly.

Please note that a longer tenure may increase the rate of interest and add to the cost of the loan.

What Documents are required to avail gold loan on EMI?

Though you can use our Gold Loan calculator to calculate the EMI, you will require to submit a certain documents availing a gold loan on EMI:

bike, loan, calculator
  • Original proof of identification. Any of the following are acceptable:
  • Passport
  • Govt of India election ID card with address proof
  • PAN card and address proof
  • Driver’s licence
  • Any Govt departmental ID card
  • We are bound by and follow KYC norms as per the regulator’s guidelines

Please call our customer care representative at 1800 102 1616 or visit your nearest Muthoot FinCorp branch to know more.

What happens if the gold loan is not paid?

Money, Anytime Anywhere Instantly into your Bank Account

Need Help?

Please feel free to contact us. We will get back to you. Or just call us now.

Muthoot FinCorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. Muthoot FinCorp has over 3650 branches across India with an average walk in of over 1,00,000 customers per day.

bike, loan, calculator

MUTHOOT FINCORP LIMITED Muthoot Centre, TC No 27/ 3022, Punnen Road, Thiruvananthapuram, Kerala, India-695001.

Download our App on your Phone

You will receive the Download Link via SMS

CIN: U65929KL1997PLC011518 | GST Number: 32AACCM1453E2Z1 | Contact ID: customercare@muthoot.com | Contact Number: 1800 102 1616 / 0471 4911560

Certification of Registration as Participant : IN-DP-409-2019 | SEBI Registration Number CDSL : IN-DP-CDSL-718-2014 | DP Name : Muthoot Fincorp Ltd. | DP ID : 13079300. | AMFI Number : ARN-81653.

ATTENTION INVESTORS: Prevent Unauthorized Transactions in your demat account.- Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day issued in the interest of investors. KYC is one-time exercise while dealing in securities markets. once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.

Copyright © 2022 Muthoot FinCorp. All rights reserved.

  • Locate Us
  • Apply Now
  • Pay Online
  • Call Us

Beware of fraudulent job consultants

It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts.

Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process.

The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode.

Please contact us for further information about the genuineness or otherwise of such communications at:

Muthoot FinCorp Ltd.

MG Road, Near Spencer’s, Trivandrum. 695 039

Leave a Comment