The convenience of 2-wheelers in Indian cities is unmatched. With increasing traffic and limited
parking spaces, having a 2-wheeler has become a necessity for many. However, not everyone
can afford to buy a 2-wheeler outright, and that’s where 2-wheeler loans come in.
If you are planning to buy a 2-wheeler on loan, the first thing you need to consider is the EMI
(Equated Monthly Installment). EMI is the amount you will have to pay every month to repay
the loan amount. The EMI amount depends on the loan amount, interest rate, and tenure. The
good news is that you don’t have to do the math yourself; there are 2-wheeler EMI calculators
available online that will do it for you.
Where you can find the best bike loan
Looking for the best bike loan provider in India? Look no further than Hero FinCorp! With
competitive interest rates, flexible repayment options, and quick processing times, Hero
FinCorp offers the best bike loan solutions in the market. Our loans are designed to meet the
diverse needs of customers, whether they are looking to purchase a new bike, upgrade to a
better model, or customize their ride.
It offers hassle-free loan approvals and disbursements, with minimal documentation
requirements. The online application process ensures that you can apply for a loan from the
comfort of your home, without any physical visits to our branches. We also provide a loan
repayment calculator to help you plan your EMIs and repayments effectively.
With Hero FinCorp, you can enjoy a seamless loan experience and fulfill your dreams of owning
a bike. So, why wait? Apply for a bike loan today and get ready to hit the road on your dream
What is a 2-wheeler EMI calculator?
A 2-wheeler EMI calculator is an online tool that helps you calculate the EMI for your 2-wheeler
loan. All you need to do is input the loan amount, interest rate, and tenure, and the calculator
will give you the EMI amount.
Why use a Two-wheeler EMI calculator?
There are several reasons why you should use a two-wheeler EMI calculator. Some of the
It helps you determine your monthly installment payments
It helps you determine the total interest payable on your loan
It helps you compare the different loan offers from various lenders
It helps you plan your finances and budget accordingly
How to use a Two-wheeler EMI calculator?
Using a two-wheeler EMI calculator is easy. All you need to do is follow the steps below:
Step 1: Enter the loan amount
The first step is to enter the loan amount you require to buy your two-wheeler. This is the
0total amount that you need to borrow from the lender.
Step 2: Enter the interest rate
The next step is to enter the interest rate that the lender is offering you. The interest rate is
the cost of borrowing money and is expressed as a percentage.
Step 3: Enter the loan tenure
The loan tenure is the duration of the loan. It is the time that you have to repay the loan in
full. Enter the loan tenure in months.
Step 4: Click on calculate
Once you have entered all the details, click on the calculate button to get the EMI amount.
Benefits of using a Two-wheeler EMI calculator
There are several benefits of using a 2-wheeler EMI calculator. Some of the benefits include:
Helps you plan your finances
The two-wheeler EMI calculator helps you plan your finances by giving you an idea of how much
you need to pay each month toward your two-wheeler loan. This helps you budget and plan
your expenses accordingly.
Helps you compare loan offers
The two-wheeler EMI calculator helps you compare the best bike loan offers from various
lenders. This helps you choose the best loan offer that suits your budget and financial
Calculating the EMI amount manually can be time-consuming and confusing. Using the two-
wheeler EMI calculator saves you time and effort.
Helps you make informed decisions
The two-wheeler EMI calculator gives you an idea of the total interest payable on your loan.
This helps you make an informed decision about whether you can afford the loan or not.
The two-wheeler EMI calculator provides accurate calculations, unlike manual calculations,
which may be prone to errors.
In conclusion, the 2-wheeler EMI calculator is an essential tool for anyone who wants to buy a
two-wheeler on loan. It helps you determine your monthly installment payments, compare loan
offers, plan your finances, save time, make informed decisions, and provide accurate
calculations. Using the two-wheeler EMI calculator helps you budget and plan your expenses
accordingly, making it an invaluable tool for anyone who wants to buy a two-wheeler on loan.