For Your Dream Two-Wheeler
Shriram EMI Calculator
An EMI Calculator is an essential financial tool for anyone looking to manage their loan repayments effectively. It simplifies the process of calculating Equated Monthly Instalments (EMIs) by allowing users to input their loan amount, interest rate, and tenure, instantly generating the monthly payment amount. In today’s time, where two-wheeler loans have gained popularity due to the increasing demand for affordable transportation, understanding your EMI can significantly aid in budgeting. The calculator also provides insights into how different variables affect your payments, helping you make informed decisions about your finances.
Select the Brand
- Royal Enfield
- TVS
- BMW
- Hero
- Harley Davidson
- KTM
- Honda
- Ola Electric
- Bajaj
- Yamaha
- Triumph
- Suzuki
- Kawasaki
- Ather
- Jawa
- Ducati
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- Yezdi
- River
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- Benelli
- Revolt
- Okinawa
- Joy e-bike
- Hero Electric
- Bounce
- Vida
- Ultraviolette
- Keeway
- PURE EV
- Indian
- Simple Energy
- BSA
- Komaki
- Ampere Electric
- Okaya Electric
- Kinetic Green
- Evolet
- Moto Guzzi
- Moto Morini
- iVOOMi
- Husqvarna Motorcycles
- Gemopai
- Lectrix EV
- QJ Motor
- YObykes
- Hop Electric
- Benling India
- Odysse Electric
- BGauss
Select the Model
Select the Variant
- STEP 01
Select the Down Payment
- ₹
- STEP 02
Select the interest rate
- %
- STEP 03
Select the duration of the loan
- months
Loan Summary
Loan
Principal amount
₹ 0
Total interest
₹ 0
- Monthly EMI
₹ 0
On Road Price in Delhi
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Frequently Asked QuestionsFAQs
Can we change loan tenure after approval?
Yes, it may be possible to change the loan tenure after approval, but it typically requires a formal request to the lender and may involve additional documentation or fees.
How to decrease interest rate on bike loan?
To decrease the interest rate on a bike loan, consider improving your credit score, negotiating with lenders, or opting for a shorter loan tenure which may attract lower rates.
How to calculate EMI step by step?
To calculate EMI step by step: 1. Determine the principal amount (P), annual interest rate (R), and loan tenure in months (N). 2. Convert the annual interest rate to a monthly rate. 3. Use the formula: EMI = P × r × (1 + r)^N / (1 + r)^N - 1, where r is the monthly interest rate.
What is the EMI for a 2 lakh bike?
The EMI for a ₹2 lakh bike loan will depend on the interest rate and tenure chosen. For example, at an interest rate of 10% over 5 years, the EMI would be approximately ₹4,300.
How down payment is calculated for a bike?
The down payment for a bike is usually calculated as a percentage of the bike's total price. This percentage can vary based on lender policies but typically ranges from 10% to 30%.