# Bike Loan EMI Calculator: Two-Wheeler EMI and Interest > Bike loan EMI calculator for two-wheeler loans of 12 to 48 months. See the EMI, total interest, fee with GST, APR and a month-by-month repayment schedule. Source: https://trykosh.com/tools/bike-loan-emi-calculator Free tool - Loans and credit cards # Bike loan EMI calculator Check the EMI on a motorcycle or scooter loan, month by month. Two-wheeler loans are small and short, so fees and dealer offers move the real cost more than you'd expect. Rules checked 25 October 2026Free - no sign-upRuns in your browser Monthly EMI INR 5,593 for 2 years at 11% a year Total interest**INR 14,231** Total of all EMIs**INR 1,34,231** Cost incl. fee (APR)**12.19%** Principal **INR 1,20,000**Interest **INR 14,231**Fee + GST **INR 1,416** Loan amount INR 1,20,000 Total interest INR 14,231 Processing fee INR 1,200 GST on fee (18%) INR 216 Amount reaching you if the fee is deducted INR 1,18,584 Total you pay back INR 1,35,647 Repayment schedule, month by month Month Principal Interest Balance 1 INR 4,493 INR 1,100 INR 1,15,507 2 INR 4,534 INR 1,059 INR 1,10,973 3 INR 4,576 INR 1,017 INR 1,06,397 4 INR 4,618 INR 975 INR 1,01,780 5 INR 4,660 INR 933 INR 97,120 6 INR 4,703 INR 890 INR 92,417 7 INR 4,746 INR 847 INR 87,671 8 INR 4,789 INR 804 INR 82,882 9 INR 4,833 INR 760 INR 78,049 10 INR 4,877 INR 715 INR 73,171 11 INR 4,922 INR 671 INR 68,249 12 INR 4,967 INR 626 INR 63,282 13 INR 5,013 INR 580 INR 58,269 14 INR 5,059 INR 534 INR 53,210 15 INR 5,105 INR 488 INR 48,105 16 INR 5,152 INR 441 INR 42,953 17 INR 5,199 INR 394 INR 37,754 18 INR 5,247 INR 346 INR 32,507 19 INR 5,295 INR 298 INR 27,212 20 INR 5,343 INR 249 INR 21,868 21 INR 5,392 INR 200 INR 16,476 22 INR 5,442 INR 151 INR 11,034 23 INR 5,492 INR 101 INR 5,542 24 INR 5,542 INR 51 INR 0 Interest adds 11.9% to what you borrow. Early EMIs are mostly interest; the principal share grows every month. ## Upload your statement and Kosh does this for you. Upload a bank or card statement and Kosh finds every EMI and card charge, then builds the fastest way out of debt that still fits your month. [Start free](/signup?via=tool-bike-loan-emi-calculator) ## How the bike loan EMI calculator works Two-wheeler loans usually run 12 to 48 months and fund a large share of the on-road price. They come from banks, NBFCs and captive finance arms of manufacturers. Rates vary widely by lender and borrower; the 11% default is a neutral illustration. Enter the amount financed, the yearly rate and the tenure in months. For loans up to 24 months the schedule shows every month's principal, interest and balance, so you can see exactly what you'd owe if you sold the bike or closed the loan early. Processing and documentation fees on small loans are often a flat amount, which can be a large percentage of a INR 1 lakh loan. Enter it as a percentage of the loan to see the APR with 18% GST added. On a short loan, a fee of even 1 to 2% adds noticeably to the yearly cost. Some dealer schemes quote a flat rate or a 'low EMI' that hides advance EMIs collected upfront. If you pay one or two EMIs at the start, you effectively borrow less for the same instalments. Ask for the reducing rate and the APR from the Key Fact Statement. EMI = P x r x (1 + r)ⁿ / ((1 + r)ⁿ − 1) P amount financed r yearly rate / 1,200 n tenure in months ## Worked example: Vikram's commuter bike in Pune Vikram finances INR 95,000 of a 150cc motorcycle at 10.5% for 18 months, and the dealer waives the processing fee during a festival offer. His EMI is INR 5,727 and he pays INR 8,092 in interest in all. In the first month INR 831 of his EMI is interest; by the end it is almost all principal. Monthly EMI INR 5,727 for 1 year 6 months at 10.5% a year Total interest**INR 8,092** Total of all EMIs**INR 1,03,092** Interest in year 1**INR 7,063** Principal **INR 95,000**Interest **INR 8,092** Loan amount INR 95,000 Total interest INR 8,092 Total you pay back INR 1,03,092 Interest adds 8.5% to what you borrow. Early EMIs are mostly interest; the principal share grows every month. [Load this example into the calculator ->](?amount=95000&rate=10.5&tenure=18&feePct=0#calculator) ## Good to know - Ask whether any EMIs are collected in advance. Advance EMIs raise the effective rate even when the quoted rate looks low. - Insurance, extended warranty and accessories added at the dealer increase the loan. Price them separately before agreeing. - After the last EMI, collect the NOC and Form 35 and get the hypothecation removed from your RC at the RTO; you'll need it to sell the bike. - Interest on a two-wheeler loan for personal use is not tax-deductible. ## Frequently asked questions What is the EMI on a INR 1 lakh bike loan? At 11% for 24 months, the EMI on INR 1 lakh is about INR 4,661, with roughly INR 11,860 of interest. Over 36 months the EMI drops to about INR 3,274 but interest rises to around INR 17,860. How much down payment is needed for a two-wheeler loan? It depends on the lender and your profile. Many offer to fund most of the on-road price, but a 10-25% down payment lowers the EMI and the interest and can get you a better rate. What is a zero down payment bike loan? A loan that funds the full on-road price. It usually carries a higher rate or fees, and sometimes advance EMIs. Compare its APR with a regular loan before choosing it. Can I close a bike loan early? Usually yes, often after a few EMIs. Fixed-rate loans may carry a foreclosure charge of a few percent of the outstanding amount, so check the Key Fact Statement for the exact terms. ## Sources and assumptions - [Reserve Bank of India](https://www.rbi.org.in/) Rules and rates last checked on 25 October 2026. Results are estimates for planning and education, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.