How the bike finance EMI calculator helps in planning your budget?

If you are a bike owner and had purchased it on loan, knowing the EMI amount in advance would be helpful. The EMI consists of the principal and interest on the loan and will be a fixed amount every month. EMI calculator is an online tool which would help you to plan the monthly payoffs. You have the option to close your bike loan within 48 months with a flexible EMI (Equal Monthly Instalments). Adjust the duration of payments to choose an amount that would be easy on the pocket. Learn more about bike finance EMI calculator in the following sections.

The benefits of using a bike EMI calculator are:

  • Affordability check

You can find out the EMI and estimate whether you would be able to pay the amount every month. If it seems difficult, you can adjust the values to arrive at an amount which you can easily pay beside maintaining your other expenses. It would also help you to decide on the amount of loan you should borrow.

  • Planning your budget

If you can calculate the EMI in advance, it would help in planning your monthly budget. You must be having other payments to make, keep a certain part as savings, etc. It would help in avoiding defaults on your bike loan EMI.

  • Avoid manual calculations

Manual calculations take a lot of time and there is high chance that you would make mistakes. The EMI calculator is an automatic tool for making difficult calculations, so you would always get correct results. It would also take the least amount of time for calculations.

  • User friendly

You can see that the calculator is easy to use and is a simple tool. You just have to put in the numerical values of principal, interest and duration of loan to get the EMI. There is no complex method involved.

  • Secured method of calculation

The calculator does not require or store your identity. There is no sharing of personal details. So, it is safe to use.

  • Easy to access

You can use it anywhere and at your preferred time. Access it from any device like your smartphone, laptop, tablet or desktop with a stable internet connection. You do not have to login for calculating EMI.

To get the EMI value, you require three inputs that you have to use in the calculator:

  • Loan principal

It is the actual loan amount that you have borrowed. You have to repay this back along with interest within a specified time or the loan tenure

  • Interest on loan

This is the interest amount that you must pay for taking loan

  • Loan tenure

This is the time period within which you have to pay back the loan amount along with interest through EMI

There are some simple steps through which you can calculate the EMI with the bike finance EMI calculator:

  • Click on the link – Calculate EMI and Apply
  • Using the slider, select the loan amount. This is the total amount that you have borrowed.
  • Select the interest rate by moving the slider again. This is rate charged by the lender on the loan amount.
  • Select the loan repayment duration. It is the time period within which you promise to pay back the loan amount with interest.
  • Click on Calculate EMI
  • You will get the EMI value immediately

You can reduce your bike loan EMI through the following methods:

  • Long repayment period

If you choose a longer period of loan repayment, the total amount would be spread over a longer time. This would bring down the EMI amount that you have to pay each month.

  • Lower interest rates

There are several lenders who would offer you loan on bikes. Compare between the interest rates that they are charging. Choose the lender offering lowest interest rates, but check for other hidden charges, etc. Since the EMI is equal to the principal plus interest, a low interest rate would reduce the total EMI.

  • Pay higher down payment

It may be a bit hard for you to increase the down payment amount. If you can manage to pay a high amount initially, it would reduce your future EMIs.

If you miss on any instalment, you have to pay a late payment charge. It will depend on the EMI amount that you did not pay. Apart from the penalty, missing on an EMI would also affect your credit score. If you miss paying the EMIs multiple times, it would affect your CIBIL score. This would reduce your chances of getting loans in future.


The EMI is the amount you have to pay every month for loan repayment.  With a bike finance EMI calculator, know the exact monthly payment over a fixed period for clearing off the loan amount. Knowing the EMI amount in advance would help you to avoid missing on an instalment and help to maintain a good credit score.

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