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Two-wheeler loans have caught the fancy of Indian masses as it is the easiest way to get a scooter or a bike of your choice on monthly EMIs. Bajaj Auto Finance offers two-wheeler loans at attractive interest rates with low-cost EMIs to suit your budget. Our web portal has a dynamic two wheeler loan calculator that assists you in calculating the EMI on your bike loan.
A bike loan EMI calculator is an online tool that calculates the monthly installment you will be required to pay off the loan. You have to input the principal amount, interest rate and tenor to calculate the EMI. You can use the tool to judge your repayment capacity.
The two-wheeler EMI loan calculator calculates the repayment amount after you input the following details:
When you click on calculate EMI, the amount you have to pay every month is shown.
As mentioned above, it is very easy to use our bike loan EMI calculator. The steps are:
On the top of the table the EMI for the loan amount will show, as each variable is changed.
If you feel the EMI is working out to be higher on a short-term loan, you can opt for a lower interest rate which will proportionately bring down the value of EMI.
Bajaj Auto Finance also offers the option of applying for Two Wheeler Loan online by filling up a simple online form.
An equated monthly installment, which pays off both the principal and interest. If the EMI is not paid on time, it results in a penalty.