Personal Loan for Two-Wheeler — EMI Calculator

Planning to buy a bike or scooter? A personal loan can cover the full cost — no down payment, no dealer financing markup. Get funds in 24 hours and buy your two-wheeler with cash for the best price.

Loan Amount

₹

₹25,000₹3,00,000

Interest Rate (p.a.)

10.0%36.0%

Loan Tenure

12 Mo60 Mo

Monthly EMI

₹7,649

Total Interest

₹21,087

Total Payment

₹1,83,587

Monthly EMI

₹7,649

Principal Amount

₹1,62,500 (88.5%)

Total Interest

₹21,087 (11.5%)

Amortization Schedule

Year	Principal	Interest	Total Paid	Balance
Year 1	₹76,400	₹15,388	₹91,788	₹86,100
Year 2	₹86,089	₹5,699	₹91,788	₹11

₹1,62,500 Loan EMI at Different Rates & Tenures

Monthly EMI for a ₹1,62,500 personal loan across common interest rates and repayment periods.

Rate ↓ / Tenure →	12 mo	24 mo	36 mo	48 mo	60 mo
10%	₹14,286	₹7,499	₹5,243	₹4,121	₹3,453
12%	₹14,438	₹7,649	₹5,397	₹4,279	₹3,615
14%	₹14,590	₹7,802	₹5,554	₹4,441	₹3,781
16%	₹14,744	₹7,957	₹5,713	₹4,605	₹3,952
18%	₹14,898	₹8,113	₹5,875	₹4,773	₹4,126
24%	₹15,366	₹8,592	₹6,375	₹5,298	₹4,675

EMI Example: ₹1,62,500 at 17% for 24 Months

Loan Amount: ₹1,62,500

Interest Rate: 17% p.a.

Tenure: 24 months

Monthly EMI: ₹8,034

Total Interest: ₹30,316

Total Payment: ₹1,92,816

Key Features

✓No collateral — unlike vehicle loans

✓Full amount upfront — better dealer price

✓Flexible repayment up to 36 months

✓Faster than dealer financing

Recommended Lenders for Personal Loan for Two-Wheeler

KreditBee

Rate: 17%-29.95%

Amount: up to ₹5,00,000

CIBIL: Not required

Disbursal: 10 minutes

Calculate EMI →|View Details

Navi

Rate: 9.9%-45%

Amount: up to ₹20,00,000

CIBIL: 650+

Disbursal: 5 minutes

Calculate EMI →|View Details

Fibe (EarlySalary)

Rate: 16%-30%

Amount: up to ₹5,00,000

CIBIL: Not required

Disbursal: 24 hours

Calculate EMI →|View Details

Home Credit

Rate: 19%-56%

Amount: up to ₹2,00,000

CIBIL: Not required

Disbursal: 48 hours

Calculate EMI →|View Details

MoneyView

Rate: 15.96%-39.99%

Amount: up to ₹10,00,000

CIBIL: 600+

Disbursal: 24 hours

Calculate EMI →|View Details

Frequently Asked Questions

What is the EMI for a two-wheeler loan?

For a ₹1,62,500 two-wheeler loan at 17% interest for 24 months, the EMI is approximately ₹8,034 per month. Total interest: ₹30,316. Adjust the calculator above to match your specific needs.

What is the typical loan amount for personal loan for two-wheeler?

Personal Loan for Two-Wheeler amounts typically range from ₹25,000 to ₹3,00,000, with the most common tenure being 12-36 months. The exact amount you qualify for depends on your income, credit score, and existing obligations.

Which lender is best for personal loan for two-wheeler?

Top recommended lenders include KreditBee (from 17%), Navi (from 9.9%), Fibe (EarlySalary) (from 16%). The best lender for you depends on your credit profile — GoCredit compares 55+ lenders simultaneously.

Do I need collateral for personal loan for two-wheeler?

No. Personal loans are unsecured — you do not need to pledge any property, gold, or assets as collateral. Approval is based on your income, credit score, and repayment capacity. This makes personal loans faster to get than secured loans like home or gold loans.

How fast can I get a two-wheeler loan?

Many lenders disburse personal loans within 24-48 hours. Among recommended lenders, KreditBee offers disbursal in 10 minutes. Digital lenders often have same-day disbursal for approved applicants.