Bike Loan EMI Calculator

Loan Amount

Rate of Interest (P.a)


Loan Tenure (Months)


Monthly EMI


Total Interest

Total Amount

Bike Loan Amortization

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What is a Bike Loan EMI Calculator?

Calculating your bike loan EMI beforehand can help you plan your finances better. A bike loan EMI calculator helps you calculate the loan instalment or EMI (Equated Monthly Instalment) you have to pay towards your bike loan. 

Use Navi Bike Loan EMI Calculator to calculate your EMI in a quick and accurate way. The online calculator comes with an intuitive design and is extremely easy to use. All you have to do is enter the loan amount you wish to borrow, tenure, and interest rate. You will be able to check your EMI obligations in a matter of seconds.

How to Calculate Bike Loan EMI?

The bike loan EMI calculator takes three aspects into consideration: the loan amount, interest rate, and tenure. Though you can manually calculate the bike loan EMI, the calculation can be time-consuming and overwhelming. Moreover, calculating bike loan EMI manually might not always guarantee its accuracy.

Alternatively, you can use the online calculator for bike loan EMI from Navi in the following three simple steps: 

Select the loan amount

Choose the amount you need with the help of slide bar

Select the loan tenure

Next, you should enter the tenure for which you want to borrow the amount. You can use the slide bar to do the same.

Select the interest rate

Lastly, select the interest rate with the slide bar.

You will be able to view the EMI payable within a few seconds.

What is the Bike Loan EMI Formula?

You can use the following formula to calculate the bike loan EMI:

EMI = P × r × (1 + r)n/((1 + r)n – 1) where,

P = loan amount
r = interest rate
n = tenure in number of monthsThe rate of interest on your bike loan is calculated monthly.

For example, consider you have availed of a bike loan of ₹1,00,000 at an annual interest rate of 9% for a period of 4 years (48 months).
Rate of interest (R) = 9/12100 = 0.0075
Your bike loan EMI will be calculated as follows:
EMI = 1,00,000 * 0.0075 * [(1 + 0.0075) 48 / ((1 + 0.0075) 48 – 1]
The amount payable in EMI will amount to ₹2,489 monthly. The principal bike loan amount you borrowed is ₹1,00,000 and the interest payable will be ₹19,472.

Advantages of Using Navi Bike Loan EMI Calculator

Here are some of the most prominent benefits of Navi’s bike loan EMI calculator:


Calculate your EMI in a matter of few seconds


Our calculator is designed to provide accurate results

User-friendly design

Simple and user-friendly design for easy EMI calculation

Frequently asked questions

There are several ways of lowering your interest rates, including switching from a set rate of interest to a variable rate, extending the term of your loan, or changing the interest rate program.
The primary factors that impact your bike loan EMI include your interest rate, loan tenure, and loan amount.
Missed repayments don’t look good on your creditworthiness. Multiple missed EMIs could lead to loan default. You might have to pay a penalty fee and your credit score could get permanently damaged.
You can set up an auto debit to avoid any missed payments. The EMI amount would get automatically deducted from your bank account on the due date.
Having a good credit score could help you get preferential rates on your loan. However, the final rate offered depends on the lender.
Disclaimer : Navi does not guarantee accuracy, completeness or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User’s own risk.


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