Offers
Rates
V-KYC
Debit Card Related
Credit Card Related
SA Welcome Kit 
Manage Mandate(s)
Get Mini Statement
categories
Bloggers
Blog collection
Press Release
How to Calculate EMI for Two Wheeler Loan?
Posted on Monday, May 24th, 2021 | By IndusInd Bank
Before buying a two-wheeler, be clear on the amount you need to pay for rest of the loan tenure. A two-wheeler loan EMI calculator can help you get the estimated amount that needs to be paid on monthly basis.
EMI means equated monthly installments, where you have to pay fixed amount for a fixed tenure for your two-wheeler. To understand how to calculate EMI on a bike loan, an EMI calculator will help you with the amont you have to pay to the lender.
How does the EMI calculator work?
EMI calculator is a system where you can create a repayment plan for your bike loan according to the inputs you are providing to the system. It gives a monthly idea about the management of your loan and let you manage everything according to the loan terms.
It includes the bike loan interest rate in the EMI, so you don’t have to worry about the interest payments.
The calculator gives you three fields in which you can fill the loan amount, tenure, and the interest rate on which you are getting the loan. When you fill-up these things according to the requirement, it shows you the amount you have to pay in monthly basis.
Benefits of automatic EMI calculator:
EMI calculator enables sober calculation for the repayment plan which allows you to prepare repayment strategies. EMI calculator is an effortless process that you can use without any complication. The result you get from the EMI calculation is accurate, which gives you the relevant information only.
Are you looking for a two wheeler loan at lucrative interest rates? Turn to IndusInd Bank. Our documentation is minimal, and loan processing is quick and hassle-free. So, get in touch today!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
