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Two-wheeler Loan EMI Calculator
Result
Chart
Show formula & working
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P = loan amount, r = annual interest rate ÷ 12 ÷ 100, n = number of monthly instalments. Interest each month = balance at the start of the month × r; the rest of the EMI repays principal.Details
GST on loan processing and similar fees: rates and rules as of 28-Oct-2026 · Source: GST rate schedule for services, heading 9971 (CGST 9% + SGST 9%); CBIC Circular 218/12/2024-GST on processing fees. Every figure based on it stays editable.
How this works
Two-wheeler loans are short and small, so fees and flat-rate quotes make a big difference to the true cost.
Use the Flat ↔ Reducing and Loan APR calculators to compare dealer and bank offers fairly.
Frequently asked questions
Is a dealer's 0% offer really free?
Often the interest is built into a processing fee or a higher price. Compare the total you pay with the cash price.
What tenure is typical?
One to three years is common.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.