{"id":932,"date":"2015-11-27T07:52:30","date_gmt":"2015-11-27T07:52:30","guid":{"rendered":"http:\/\/bikes.loc\/?page_id=932"},"modified":"2025-07-10T07:07:49","modified_gmt":"2025-07-10T07:07:49","slug":"auto-loan-calculator","status":"publish","type":"page","link":"https:\/\/in.rajuginni.com\/bikes\/auto-loan-calculator\/","title":{"rendered":"bike Loan emi Calculator"},"content":{"rendered":"<p>Note: flat interest rate will be 2x of reducing interest rate (SBI gives flat).<br \/>\nEx: 1 lakh loan 2 years term. Monthy 2% rate 24% 24000+24000+100000 then 148000 divide by 24 months monthy EMI 6167*24=14800 (3-10%% processing approx 10k for 2 lakhs. below calculator reducing rate by banks like icici, hdfc, sbi, NBFC gives flat rate. better to go peronsal loan or gold loan.<br \/>\n2 lakhs loan 24%pa 2 years loan<br \/>\nMonthly EMI:Rs. 10,575<br \/>\nTotal Interest Payable: Rs. 53,782<br \/>\n<iframe loading=\"lazy\" src=\"https:\/\/tools.sarkariresultz.in\/calc\/finance\/Bike-EMI-Calculator\" width=\"100%\" height=\"600\" frameborder=\"0\"> <\/iframe><\/p>\n<h2><span class=\"ez-toc-section\" id=\"bike_loan_interest_rates\"><\/span>bike loan interest rates<span class=\"ez-toc-section-end\"><\/span><\/h2><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/in.rajuginni.com\/bikes\/auto-loan-calculator\/#bike_loan_interest_rates\" >bike loan interest rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/in.rajuginni.com\/bikes\/auto-loan-calculator\/#How_to_caluclate_Bike_EMI_using_Loan_amount\" >How to caluclate Bike EMI using Loan amount<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/in.rajuginni.com\/bikes\/auto-loan-calculator\/#flat_interest_rate_formula\" >flat interest rate formula<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The interest rate for a bike loan can vary depending on the bank, the loan amount, the tenure, and the borrower&#8217;s creditworthiness. Here are some interest rates for bike loans from different banks:<br \/>\nBandhan Bank: 16.50% to 22.5%<br \/>\n<strong>HDFC Bank: 14.5% onwards<\/strong><br \/>\nICICI Bank: 9% to 28.00%<br \/>\nTata Capital: 10.99% onwards<br \/>\nIDFC First Bank: 11% onwards<br \/>\n<strong>Bajaj Finance: 11% onwards<\/strong><br \/>\n<strong>Hero Fincorp: 12% onwards<\/strong><br \/>\nHDB Financial Services: 12% onwards<br \/>\nState Bank of India: 12.80% p.a. onwards<br \/>\nUCO Bank: 10.00% p.a. onwards<br \/>\nIndian Overseas Bank: 11.00% p.a. onwards<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_caluclate_Bike_EMI_using_Loan_amount\"><\/span>How to caluclate Bike EMI using Loan amount<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Prinicipal:<\/li>\n<li>Term (years\/months):<\/li>\n<li>Rate Of interest:<\/li>\n<li>Monthly EMI: calcuated automatically as on output<\/li>\n<\/ul>\n<p>The equated monthly installment (EMI) for a bike loan can be calculated using the formula<\/p>\n<div class=\"CM8kHf j86kh\" data-hveid=\"CHsQAQ\">\n<div data-expression=\"P \\times R \\times (1+R)^N \/ [(1+R) ^N-1]\">\n<div tabindex=\"-1\" data-xpm-copy-root=\"\"><img decoding=\"async\" role=\"presentation\" draggable=\"false\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\" aria-hidden=\"true\" data-xpm-latex=\"P\\times R\\times (1+R)^{N}\/[(1+R)^{N}-1]\" \/>EMI calucate formula: EMI = P x R x (1+R)^N \/ [(1+R)^N-1], where P is the principal, R is the rate of interest, and N is the tenure.<\/div>\n<div tabindex=\"-1\" data-xpm-copy-root=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4536 size-full\" src=\"https:\/\/in.rajuginni.com\/wp-content\/uploads\/2024\/12\/flat-vs-reducing-rate-of-interest-calculator-1.jpg\" alt=\"flat vs reducing rate of interest calculator\" width=\"1000\" height=\"1169\" srcset=\"https:\/\/in.rajuginni.com\/bikes\/wp-content\/uploads\/sites\/1\/2024\/12\/flat-vs-reducing-rate-of-interest-calculator-1.jpg 1000w, https:\/\/in.rajuginni.com\/bikes\/wp-content\/uploads\/sites\/1\/2024\/12\/flat-vs-reducing-rate-of-interest-calculator-1-257x300.jpg 257w, https:\/\/in.rajuginni.com\/bikes\/wp-content\/uploads\/sites\/1\/2024\/12\/flat-vs-reducing-rate-of-interest-calculator-1-876x1024.jpg 876w, https:\/\/in.rajuginni.com\/bikes\/wp-content\/uploads\/sites\/1\/2024\/12\/flat-vs-reducing-rate-of-interest-calculator-1-768x898.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/div>\n<\/div>\n<h2 tabindex=\"-1\"><span class=\"ez-toc-section\" id=\"flat_interest_rate_formula\"><\/span>flat interest rate formula<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"WaaZC\">\n<div class=\"rPeykc uP58nb\" data-hveid=\"CBwQAQ\" data-ved=\"2ahUKEwiojrnb-ZKKAxWMSmwGHZE8JBMQo_EKegQIHBAB\"><span role=\"heading\" aria-level=\"2\">The formula to calculate flat interest rate is:<\/span><\/div>\n<\/div>\n<div class=\"WaaZC\">\n<ul data-hveid=\"CC4QAQ\" data-ved=\"2ahUKEwiojrnb-ZKKAxWMSmwGHZE8JBMQm_YKegQILhAB\">\n<li><strong>Interest<\/strong>\u00a0= Principal x Rate x Time<span class=\"UV3uM\">\u00a0<\/span>\n<div class=\"NPrrbc\" data-cid=\"a2a11f23-fc5b-4705-82d2-95dfedd561f2\">\n<div class=\"BMebGe btku5b fCrZyc LwdV0e FR7ZSc OJeuxf\" tabindex=\"0\" role=\"button\" aria-label=\"View related links\" data-hveid=\"CCIQAQ\" data-ved=\"2ahUKEwiojrnb-ZKKAxWMSmwGHZE8JBMQ3fYKegQIIhAB\"><\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"WaaZC\">\n<div class=\"rPeykc uP58nb\" data-hveid=\"CB8QAQ\" data-ved=\"2ahUKEwiojrnb-ZKKAxWMSmwGHZE8JBMQo_EKegQIHxAB\"><span role=\"heading\" aria-level=\"2\">Here&#8217;s what the terms in the formula mean:<\/span><\/div>\n<\/div>\n<div class=\"WaaZC\">\n<ul data-hveid=\"CC8QAQ\" data-ved=\"2ahUKEwiojrnb-ZKKAxWMSmwGHZE8JBMQm_YKegQILxAB\">\n<li><strong>Principal<\/strong>:\u00a0The initial amount of the loan or deposit<\/li>\n<li><strong>Rate<\/strong>:\u00a0The percentage of interest expressed as a decimal<\/li>\n<li><strong>Time<\/strong>:\u00a0The length of the loan or deposit in years<\/li>\n<\/ul>\n<\/div>\n<div data-expression=\"P \\times R \\times (1+R)^N \/ [(1+R) ^N-1]\">\n<div tabindex=\"-1\" data-xpm-copy-root=\"\">Total amount to repay =\u00a0<b>P + (P x I x T) \/100<\/b>\u00a0= \u20b91,50,000. So, with a flat rate, you&#8217;d pay \u20b950,000 in interest over five years, <strong>regardless of how much of the principal you&#8217;ve repaid during this time.<\/strong><\/div>\n<div tabindex=\"-1\" data-xpm-copy-root=\"\"><\/div>\n<div tabindex=\"-1\" data-xpm-copy-root=\"\">\n<div>P\u00d7R\u00d7(1+R)N\/[(1+R)N\u22121]cap P cross cap R cross open paren 1 plus cap R close paren to the cap N-th power \/ open bracket open paren 1 plus cap R close paren to the cap N-th power minus 1 close bracket<\/div>\n<p>\ud835\udc43\u00d7\ud835\udc45\u00d7(1+\ud835\udc45)\ud835\udc41\/[(1+\ud835\udc45)\ud835\udc41\u22121]<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span class=\"M5tQyf\">,<\/span> where<\/p>\n<div class=\"CM8kHf j86kh\" data-hveid=\"CHsQAg\">\n<div data-expression=\"P\">\n<div tabindex=\"-1\" data-xpm-copy-root=\"\">\n<p><img decoding=\"async\" role=\"presentation\" draggable=\"false\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\" aria-hidden=\"true\" data-xpm-latex=\"P\" \/><\/p>\n<div>Pcap P<\/div>\n<p>\ud835\udc43<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>is the loan amount,<\/p>\n<div class=\"CM8kHf j86kh\" data-hveid=\"CHsQAw\">\n<div data-expression=\"R\">\n<div tabindex=\"-1\" data-xpm-copy-root=\"\">\n<p><img decoding=\"async\" role=\"presentation\" draggable=\"false\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\" aria-hidden=\"true\" data-xpm-latex=\"R\" \/><\/p>\n<div>Rcap R<\/div>\n<p>\ud835\udc45<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>is the interest rate, and<\/p>\n<div class=\"CM8kHf j86kh\" data-hveid=\"CHsQBA\">\n<div data-expression=\"N\">\n<div tabindex=\"-1\" data-xpm-copy-root=\"\">\n<p><img decoding=\"async\" role=\"presentation\" draggable=\"false\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\" aria-hidden=\"true\" data-xpm-latex=\"N\" \/><\/p>\n<div>Ncap N<\/div>\n<p>\ud835\udc41<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>is the number of months<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Note: flat interest rate will be 2x of reducing interest rate (SBI gives flat). Ex: 1 lakh loan 2 years term. Monthy 2% rate 24% 24000+24000+100000 then 148000 divide by 24 months monthy EMI 6167*24=14800 (3-10%% processing approx 10k for 2 lakhs. below calculator reducing rate by banks like icici, hdfc, sbi, NBFC gives flat [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"full-width-content","footnotes":""},"categories":[],"tags":[],"class_list":["post-932","page","type-page","status-publish","entry","has-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/pages\/932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/comments?post=932"}],"version-history":[{"count":17,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/pages\/932\/revisions"}],"predecessor-version":[{"id":5153,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/pages\/932\/revisions\/5153"}],"wp:attachment":[{"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/media?parent=932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/categories?post=932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/tags?post=932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}