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  • ₹30,000
  • ₹30,00,000
  • 12 months
  • 36 months
  • 10.5%
  • 20%

*The EMI displayed is indicative and may vary during actual loan processing.

Your Monthly EMI is ₹13,432

Enter a valid input

Two Wheeler Loan Amortization Schedule

Below Two Wheeler Loan Amortization table illustrating how much goes towards principal and interest over time. The below table is based on the above calculator’s inputs.

Opening Balance
Monthly Interest
Monthly Principal
Outstanding Balance

What is a Bike Loan EMI Calculator?


Two Wheeler Loan EMI calculator is an online financial tool which calculates your monthly installment amount for a loan. Simply enter the value of your total loan amount, interest rate and tenure and the calculator will automatically produce the result. You may utilise the calculator to understand the loan amount, interest rate and tenure required to arrive at your preferred monthly instalment amount.


How to Calculate your EMI using ICICI Bank Two Wheeler Loan Calculator?

To calculate your EMI using ICICI Bank's bike loan calculator, you need to require following inputs:


Loan Amount: The total amount you intend to borrow.

Interest Rate: The annual interest rate offered by ICICI Bank.

Loan Tenure: The number of months or years over which you plan to repay the loan.


NOTE: You can drag or manually enter the inputs.

What are the Benefits of Knowing your Two Wheeler Loan EMI in Advance?


Knowing your Bike EMI amount in advance helps with your financial planning. Based on the monthly instalment figure, you can apply for a loan amount that suits your repayment capacity and adjust the repayment tenure. It also helps you to make a budget for other expenses and how you will accommodate it in your finances without any stress.


Bike EMI Calculator FAQs

How can I use a Bike EMI Calculator?

A Bike EMI Calculator is a user-friendly online tool where you input the loan amount, interest rate, and tenure. It instantly calculates the monthly EMI, enabling you to assess your financial commitment. This tool aids in budgeting and ensures the loan terms align with your financial capabilities, making it an essential step in loan planning.

What is the Formula to Calculate Bike Loan EMI?

The loan rate formula is [P*R*[(1+R)^N/((1+R)^N-1]. Here R is the loan rate or interest rate. P indicates the loan amount and N indicates the loan tenure in months.

Why is it Important to Calculate Two Wheeler Loan EMIs?

Calculating Bike EMIs before availing the loan is critical for effective financial planning. It provides a clear understanding of the monthly outflow towards the loan, ensuring that it fits within your budget. This foresight helps in avoiding financial strain and aids in making an informed decision regarding the loan amount and tenure.

Can I change the Loan Tenure to adjust the EMI Amount?

Yes, adjusting the loan tenure is a feasible way to alter the EMI amount. Increasing the tenure spreads the loan over a longer period, thereby reducing the monthly EMI. Conversely, a shorter tenure increases the EMI. This flexibility allows borrowers to tailor their repayment schedule according to their financial situation and repayment capacity.

How to lower your Two Wheeler Loan Interest Rate?

A good credit score (700+), a low Debt-to-Income (DTI) ratio and a timely repayment history will help you to achieve a lower interest rate on a Two Wheeler Loan. Also, if you take a loan from your existing bank, they will provide you with a better interest rate.

What Factors Affect the Two Wheeler Loan EMI Calculation?

The calculation of a Two Wheeler Loan EMI is primarily influenced by three key factors: the loan amount, the interest rate, and the tenure of the loan. A higher loan amount or a higher interest rate results in a higher EMI, whereas extending the loan tenure generally lowers the monthly EMI. These factors collectively determine the monthly financial burden on the borrower.


The data generated herein is completely and solely based on the information/details provided by you in response to the questions specified by ICICI Bank Limited (ICICI Bank). These questions and the calculations thereon resulting in specific data are developed and based on certain tools and calculators that are made available to ICICI Bank and are based on pre-determined presumptions/assumptions. ICICI Bank, while providing and developing these tools, has relied upon and assumed, without independent verification, the accuracy and completeness of all information made available to it from public/private sources and vendors or which has otherwise been reviewed by ICICI Bank.

Such information and the resultant data are provided only for the users’ convenience and information purposes. ICICI Bank does not guarantee the accuracy, completeness or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness/accuracy. The use of any information set out is entirely at the User's own risk. Users should exercise due care and caution (including if necessary, obtaining guidance from tax/ legal/ accounting/ financial/ other professionals) before taking any decision, acting or omitting to act, based on the information contained / data generated herein. ICICI Bank does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) will arise out of or in connection with the services against ICICI Bank. Neither ICICI Bank nor any of its agents or licensors or group companies will be liable to the user/any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.

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