EMI Calculator

EMI Calculator

₹7,000 ₹3,000,000
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Interest Rates of Some Banks

interest rates and processing fees offered by some of the leading banks in India for two-wheeler loans :

  • ICICI Bank: Interest rate starts at 9.00% p.a. onwards. Processing fee is up to 4.75% of the loan amount + GST.
  • IDFC First Bank: Interest rate starts at 9.99% p.a. onwards. Processing fee is 5% of the loan amount.
  • Axis Bank: Interest rate starts at 11.00% p.a. onwards for loan amounts of Rs.25,001 and above. Processing fee is 2.5% of the loan amount.
  • Punjab National Bank: Interest rate starts at 11.15% p.a. onwards. Processing fee is 0.5% of the loan amount subject to Rs.500 to Rs.1,000.
  • Canara Bank: Interest rate starts at 11.35% p.a. onwards. Processing fee is Nil.
  • Union Bank of India: Interest rate starts at 12.20% p.a. onwards for loan amounts up to Rs.10 lakh.
  • Bank of Baroda: Interest rate starts at 13.65% p.a. onwards for loan amounts of Rs.10 lakh and above. Processing fee is 2% of the loan amount.
  • Karnataka Bank: Interest rate starts at 14.23 p.a. onwards for loan amounts of Rs.2 lakh and above.
  • HDFC Bank: Interest rate starts at 14.50% p.a. onwards. Processing fee is 2.5% of the loan amount.
  • State Bank of India: Interest rate ranges from 17.75% to 19.50% p.a for loan amounts from Rs.20,000 to Rs.25 lakh . Processing fee is 2.00% of the loan amount + GST (minimum of Rs.1,000).

Frequently Asked Questions

Calculating your bike EMI is quick and easy with our Bike EMI Calculator. Simply enter the loan amount, interest rate, and tenure into the calculator, and it will provide you with the monthly EMI amount.

The EMI rate for a two-wheeler loan can vary depending on factors such as the loan amount, tenure, and interest rate. Our Bike EMI Calculator allows you to input these details and calculates the EMI rate for you.

Taking a bike in EMI can be a convenient option that allows you to own your dream bike without paying the full amount upfront. It gives you the flexibility to manage your finances and pay in affordable monthly installments.

A: The best option for a bike loan depends on your specific requirements and preferences. Our Bike EMI Calculator allows you to compare different loan providers, interest rates, and loan terms. This way, you can find the most suitable option that fits your budget and financial goals.

A: The calculations from our Bike EMI Calculator are highly accurate, providing you with reliable estimates of your monthly installments. However, please note that the calculated values are approximate and for informational purposes only. Actual loan terms may vary.

A: Yes, our Bike EMI Calculator allows you to save your calculations for future reference. You can compare multiple scenarios, adjust the loan parameters, and keep track of your calculations to make an informed decision.

A: Yes, we prioritize the security and privacy of your personal information. Our platform ensures the highest level of data protection, so you can use the Bike EMI Calculator with confidence.