mob-head
Get App
close img

Find all the help you need

Download our app and find help on your fingertips

apple-logo playstore-logo
Download our app
Help Center

Support topics, Contact us, FAQs, Complaints and more

Explore Personal Banking
Accounts
Deposits
Loans
Wealth & Insure
Payments
Cards
Blogs
What's special about us
Customer Support
Explore all Credit Cards
Premium Metal
Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
GIFT City
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore GIFT City
NRI
Financial Markets & Treasury
Contact Us
About Us
Investors
Careers
IDFC FIRST Academy
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now
Apply Now
Apply Now

Two Wheeler Loan EMI Calculator Online – Check Your Monthly EMI Instantly

Owning a two-wheeler must be convenient, comfortable, and financially manageable. A two-wheeler loan from IDFC FIRST Bank helps you spread the cost of your bike over monthly instalments, ensuring your savings remain intact. The two-wheeler loan EMI calculator from IDFC FIRST Bank makes this process even simpler by giving you a quick and precise EMI estimate based on your inputs. By knowing your EMI in advance, you can plan your monthly budget better and choose a loan structure that suits your repayment capacity.

Amortization Schedule

Month Principal Interest EMI Balance Loan Paid to Date
Read More

What are the Factors Affecting Two Wheeler Loan EMIs?

Several key factors influence the EMI amount you will pay:

• Loan amount: A higher loan amount results in a higher EMI.

• Interest rate: The rate of interest applied to the loan has a direct impact on your monthly instalments.

• Loan tenure: The rate of interest applied to the loan has a direct impact on your monthly instalments.

• Credit score: A strong CIBIL score may help you secure more favourable loan terms.

How to use the IDFC FIRST Bank two-wheeler loan EMI calculator?

Using the calculator takes just a few steps:

1. Enter the loan amount you wish to borrow by adjusting the slider or directly into the field provided.

2. Similarly, input the applicable interest rate for the loan.

3. Select the loan tenure in months.

4. The calculator will instantly display your EMI amount along with the total interest payable.

You can change the values anytime to compare different loan options and finalise the one that suits your budget with IDFC FIRST Bank’s two-wheeler loan calculator.

How is the two-wheeler loan EMI calculated?

The EMI is calculated using the following formula:

EMI = P × R × (1 + R)^N / ((1 + R)^N – 1)

Where:

• P = Principal loan amount

• R = Monthly interest rate

• N = Loan tenure in months

While this formula ensures precise results, manually computing it can be time-consuming. The two-wheeler loan calculator from IDFC FIRST Bank performs this calculation instantly, eliminating any chance of error.

What are the benefits of using a two-wheeler loan EMI calculator?

Using the two-wheeler loan EMI calculator from IDFC FIRST Bank offers several benefits, like:

Better financial planning

Better financial planning:

You can plan your monthly budget more effectively by knowing your EMI value in advance.

Time-Saving

Quick and accurate results:

The calculator provides instant, precise estimates without the need for manual calculations.

Easy comparison

Easy comparison:

You can experiment with loan amounts, interest rates, and tenures to find a repayment plan that works best for you.

Informed decision-making

Informed decision-making:

Having clarity before applying ensures a smooth, confident borrowing experience.

View All

Why choose IDFC FIRST Bank’s two-wheeler loans?

While there are several lenders in the market offering two-wheeler loans, IDFC FIRST Bank has an edge over most since it offers:

• One of the most competitive interest rates starting at just 8.5% p.a. for premium bikes, 15.99% p.a. for EVs and the semi-premium segment, and 18.99% p.a. for commuter bikes.

• Flexible tenures ranging from 6 months to 60 months for loan management and repayments.

• A completely digital process where you have the flexibility to apply online at the portal or a partner dealership.

• Instant approvals within 15 minutes to make your purchase experience hassle-free.

• Low downpayment with financing of up to 95% of your bike's on-road price.

Two Wheeler Loan Blogs

What is an NOC for a bike loan?

What is an NOC for a bike loan?

When you finance a bike through a loan, there’s more to the process than just monthly EMIs and final ownership. One key step after closing your loan is obtaining a No Objection Certificate (NOC).

Team FinFIRST Jul 17 • 3 mins read

Read Full Story
How to Check Two Wheeler Loan Status

How to Check Two Wheeler Loan Status

Team FinFIRST Jul 17 • 3 mins read

Read Full Story
Two-Wheeler Loan Eligibility: All You Need to Know

Two-Wheeler Loan Eligibility: All You Need to Know

Team FinFIRST Jul 01 • 3 mins read

Read Full Story
Tips to consider before taking a two-wheeler loan

Tips to consider before taking a two-wheeler loan

Team FinFIRST Jul 17 • 3 mins read

Read Full Story
Here are the required documents for purchasing a Two-Wheeler in India

Here are the required documents for purchasing a Two-Wheeler in India

Team FinFIRST Jan 16 • 3 mins read

Read Full Story
How to Get a Two-Wheeler Loan for an Electric scooter?

How to Get a Two-Wheeler Loan for an Electric scooter?

Team FinFIRST Jan 26 • 3 mins read

Read Full Story
How to apply for a two-wheeler loan: Online and offline

How to apply for a two-wheeler loan: Online and offline

Team FinFIRST Jun 03 • 3 mins read

Read Full Story

Discover Our Banking Products

Car Loan

Car Loan

Get up to 90% funding on purchase of new car

Know More
Man Holding Piggy Bank

Personal Loan

Avail Personal loans up to ₹ 1 Cr

Apply Now Know More
Home Loan Calculator Illustration

Home Loan

Get Home loans of up to ₹5 crores

Apply Now Know More

Explore Financial Calculators

Loans

Man Holding Piggy Bank

Home Loan EMI Calculator

Avail Home Loan at Attractive Interest Rates

Use Calculator
Two Wheeler Loan

Two wheeler Loan EMI Calculator

Our Two Wheeler Loan or Bike loans are as convenient as bikes.

Use Calculator
Couple Bought the Car

Car Loan EMI Calculator

Avail up to 50% lower EMI with our extended loan tenures up to 10 years

Use Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator

Take your business to great heights

Use Calculator
Education Loan

Education Loan EMI Calculator

Championing your Future, with easy finance & expert guidance

Use Calculator

Savings Calculators

Person Making Payment through Credit Card

Credit Card EMI Calculator

Expensive purchases with a credit card can be converted into EMIs

Use Calculator
Kid Saving Money in Piggy Bank

FD Calculator

Safe and risk-free investment

Use Calculator
Couple Saving Money Through Piggy Bank

NRE Savings Account Interest Rate Calculator

Interest calculated on daily balances and paid at the end of every month

Use Calculator
NRO

NRO Savings Account Interest Rate Calculator

Manage your Indian Income from abroad with NRO Savings Account

Use Calculator
Couple Saving Money Through Piggy Bank

Savings Account Interest Calculator

Monthly Interest Credit on Savings Account

Use Calculator
Salary Recived

Salary Calculator

Use Calculator
Income Tax

Income Tax Calculator

Use Calculator

Choose your personal loan amount with FIRSTmoney

₹10 lakh Personal Loan
₹10 lakh Personal Loan ₹10 lakh Personal Loan
₹9 lakh Personal Loan
₹9 lakh Personal Loan ₹9 lakh Personal Loan
₹8 lakh Personal Loan
₹8 lakh Personal Loan ₹8 lakh Personal Loan
₹7 lakh Personal Loan
₹7 lakh Personal Loan ₹7 lakh Personal Loan
₹6 lakh Personal Loan
₹6 lakh Personal Loan ₹6 lakh Personal Loan
₹5 lakh Personal Loan
₹5 lakh Personal Loan ₹5 lakh Personal Loan
₹4 lakh Personal Loan
₹4 lakh Personal Loan ₹4 lakh Personal Loan
₹3 lakh Personal Loan
₹3 lakh Personal Loan ₹3 lakh Personal Loan
₹2 lakh Personal Loan
₹2 lakh Personal Loan ₹2 lakh Personal Loan
₹80000 Personal Loan
₹80000 Personal Loan ₹80000 Personal Loan
₹70000 Personal Loan
₹70000 Personal Loan ₹70000 Personal Loan
₹60000 Personal Loan
₹60000 Personal Loan ₹60000 Personal Loan
₹50000 Personal Loan
₹50000 Personal Loan ₹50000 Personal Loan

FREQUENTLY ASKED QUESTIONS

How to lower your two-wheeler loan interest rate?

  • • Change your interest rate program.
  • • Your loan might be transferred to a new provider.
  • • Switch from a set rate to a variable rate.
  • • Make a preliminary payment and try to get the EMI reduced.
  • • Consider extending your term of payment.
  • • Make use of the RBI's debt restructuring services.

What are the benefits of knowing your EMI in advance?

  • • It assists you in determining how much to borrow.
  • • It aids in payback planning.
  • • It aids in the planning of prepayments.

In how many steps can you get your two-wheeler loan EMI value?

You can calculate your EMI in four easy steps:

Step 1: Go to the IDFC FIRST Bank website.

Step 2: Select the EMI calculator from the menu options (on the third last line of the middle row).

Step 3: Fill in the principal amount, loan term, and interest rate.

Step 4: When you click submit, you will see your EMI amount and the amount of interest that needs to be paid.

How to calculate EMI on bike loans?

Stated below are the two methods for calculating bike loan EMI:

Manual calculation using a formula: The EMI value is calculated using the formula P x R x [(1 + R) N / ((1 + R) N – 1]. P denotes the loan's principal amount, R denotes the relevant rate of interest, and N denotes the loan's duration in months.

Automatic calculation with a bike EMI calculator: This is a faster, easier, and a more accurate technique in which you just need to enter three primary inputs – the principal amount, the rate of interest, and the loan term – and the calculator will provide instant answers.

What are the factors that impact two-wheeler loan EMI?

  • • Your credit rating
  • • Amount of the loan
  • • Tenure of a loan
  • • Location of the dealership.
  • • Unsecured Loan vs. Secured Loan

More FAQs

Get in touch with us

Add a note of appreciation

Add a note of appreciation
Raise a compliment

Raise a compliment
branch

Locate our branch