Two Wheeler Loan EMI Calculator

Axis Bank’s two wheeler loans offer up to 100%* funding and minimal documentation with tenures ranging from 12 to 48 months for Two Wheeler Loans and 12 to 72 months for Super Bike Loans. Axis Bank also offers loan on electric Two-Wheelers of your choice.

While loans for two wheeler start at a minimum of Rs 25,001, a super bike loan starts at a minimum of Rs 1,00,000. Choose as per your budget.

Use the two wheeler EMI calculator to know your exact EMI before you choose.

25K 1Cr
8% 28%
12 72

Break-up of Total Payment

Principal Amt
Interest Amt
Total Amt Payble

Amortization Schedule


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Frequently Asked Questions

  • How to use Two Wheeler EMI calculator?

    Simply key in the amount, rate and tenure. The two wheeler EMI calculator will automatically reflect the approximate EMI’s applicable for the loan tenure.

    You can also check the amortization schedule which shows a break-up of the interest and principal repaid each year during the loan tenure.

    You can apply for the loan on or via the Axis Mobile app.

    Use Axis Bank’s two-wheeler EMI calculator to know the indicative Two Wheeler Loan EMI for the chosen interest rate and tenure.

  • What is an EMI?

    The Equated Monthly Instalment (or EMI) consists of the principal portion of the loan amount and the interest. Therefore, EMI = principal amount + interest paid on the Car Loan. The EMI, usually, remains fixed for the entire tenure of your loan, and it is to be repaid over the tenure of the loan on a monthly basis.

    Mathematically, EMI is calculated as under:

    P x R x (1+R)^N / [(1+R)^N-1]

    P = Principal amount of the loan

    R = Rate of interest

    N = Number of monthly instalments.

    Say you take a Two Wheeler Loan of Rs 1 lakh from Axis Bank at an interest rate of 17% p.a. and your loan tenure is 30 months your EMI will be calculated as under:

    EMI = 100000* 0.014167 * (1+ 0.014167)^30 / ((1+ 0. 014167)^30)-1 = Rs 4,115

    The rate of interest rate (R) on your loan is calculated monthly i.e. (R= % Annual rate of interest/12). For instance, if R = 17% per annum, then R= 17%/12 = 0.014167

    Does it look complicated? Don’t worry! Use Axis Bank’s Two Wheeler Loan EMI calculator.

    Axis Bank’s Two Wheeler Loan EMI calculator is a great online tool that provides you with the answer in a split second and enables you to understand how much will be your EMI outgo. All you got to do is use the slider to enter the loan amount, interest rate, and the tenure of your loan (in months).

    Here are the five benefits of using the EMI calculator:

    • Easy to access
    • Provides quick results
    • Saves time and energy spent on doing manual calculations
    • Helps you ascertain how much will be your Two Wheeler Loan EMI outgo
    • Make loan planning easier for you

    Remember, the interest rate and your loan tenure are the vital deciding factors for your loan EMI. Higher the interest rate on the loan, higher will be your EMI and vice-versa. Similarly, opting for a longer tenure reduces your EMI and vice versa. So, consider opting for longer loan tenure when you avail a Two Wheeler Loan so that repayments can become comfortable.

    Do note that during the initial months of the Two Wheeler Loan tenure, you pay more towards interest, and gradually, as you repay the loan, a higher portion is adjusted towards the principal component. This is because; EMIs are computed on a reducing balance method, which works in your favour as a borrower.

  • How is a Two Wheeler Loan EMI to be paid?

    You can opt for either of these:

    • Standing Instructions (SI) can be used if you have a savings account, salary account, or current account with Axis Bank. Your EMI will be automatically debited from the account you specify.
    • National Automated Clearing House (NACH)/ECS mandate can be used if you do not have an account with Axis Bank and would like your EMIs to be debited automatically at the end of the monthly cycle.
  • Why Choose Axis Bank Two Wheeler Loans?

    The benefits of availing of a Two Wheeler Loan from Axis Bank are:

    • Attractive interest rates
    • Minimal documentation
    • Flexibility of amount and tenure: You can get an Axis bank Two Wheeler loan for amounts starting from Rs. 25,001 and a Superbike Loan starting at Rs 1 lakh.