Bike Loan EMI Calculator - Airtel Finance

Just some simple steps and you can find the expected EMI of your bike loan. Enter the loan amount and the repayment tenure to find the EMI and the average interest rate.

Bike loan amount
Enter the loan amount

₹

Tenure plan
Choose your tenure plan

Rate of interest
Adjust your interest rate

Principal

Interest

How to Calculate the Bike Loan EMI?

Enter the loan amount and the repayment tenure of the bike loan in the online bike loan EMI calculator. Adjust the bike loan interest rate to find the EMI payable for the loan. You can also change the loan amount and/or the repayment tenure to change the EMIs and find the most affordable amount to repay the loan.

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How to Apply for a Bike Loan?

Just four simple steps and you can apply for the bike loan online. Here's how -

Open Airtel Thanks app

Find Shop > Airtel Finance

Select Flexi Credit

Fill in your basic details

Get best offer

Basis profile verification

Complete the KYC

Link your bank account

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Features of Airtel Flexi Credit

Enjoy the following features and benefits -

Personal loan amount

₹10,000 to ₹9,00,000

Interest rates

Starting from 12.75% p.a.

Personal loan tenure

03 to 60 months

Credit disbursal

Within 24 hours

No paperwork

100% online

Low processing fee

2% to 4% + GST

FAQs on Bike Loan EMI Calculator

The factors that influence the EMI of a bike loan are as follows –
- Loan amount – The higher the loan amount, the higher will be the EMI and vice-versa
- Repayment tenure – The longer the repayment tenure, the lower will be the EMI and vice-versa
- Interest rate – The higher the interest rate, the higher will be the EMI and vice-versa

Bike Loan EMI Calculator - Airtel Finance

When applying for a bike loan, you should assess the repayment schedule and amount too so that the loan can be easily paid off. The bike loan EMI calculator helps you calculate and assess the EMI of your bike loan. This assessment helps you identify if the EMIs are affordable or not. If the EMIs are high, you can increase the tenure and find lower EMIs that fit your budget. Alternatively, if the EMIs are low, you can reduce the tenure to increase them and repay the loan quickly.

How to use the bike loan EMI calculator?

Using the bike EMI calculator is quite easy. You just have to enter the loan amount, tenure & interest rate in the calculator and the calculator will display the EMIs instantly. The steps are as follows –

Enter the loan amount

Choose the repayment tenure in months

Adjust the rate of interest

Once these details are entered, the calculator will show the EMI amount. You will also be able to see the breakup of the principal of the loan and the total interest payable on it.

What are the benefits of using the bike loan EMI calculator?

Some of the benefits of using the bike EMI calculator are as follows –

You can find the expected EMI of the loan instantly. This helps you in effective budgeting of loan repayment

The calculator is completely free of cost

You can use the bike loan EMI calculator multiple times to find the most affordable EMI

You can avoid repayment defaults when you plan to repay the EMIs. This helps you save on the added interest outgo and you can also build a good credit score

How to reduce the EMI of the bike loan?

Here are some tips that can help you reduce the EMI of your bike loan –

Borrow an amount that is affordable to repay. If the loan amount is low, the EMIs would also be low

Maintain a good credit score. This can help you get lower interest rates and reduce the EMIs

Prepay the bike loan if possible. As the outstanding loan amount reduces, so do the EMIs

Choose a longer repayment tenure to get lower EMIs

Bike Loan EMI Calculator

Bike Loan EMI Calculator - Airtel Finance

Online Bike Loan EMI Calculator

How to Calculate the Bike Loan EMI?