Loan EMI ₹
Total Interest ₹
Total Amount Payable ₹
Loan EMI ₹
Total Interest ₹
Total Amount Payable ₹
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Top 10 Banks with best interest rates :
Sr no. | Bank Name | ROI | Amount Range | Processing Fee |
---|---|---|---|---|
1 | Bajaj Auto Finance | 30% | 1lk- 21L | 12.95% |
2 | ICICI Bank | 10% | 1lk -30lL | 4.% of Loan amount + applicable GST. |
3 | HDFC Bank | 20.90%% | 1lk - 10L | 2.50% |
4 | SBI | 13.35% | 1lk- 30lL | 2% |
5 | Tata Capital | 12.50% | 1lk - 5L | 5% |
6 | IDFC First Bank | 9.00% | 1lk - 20L | Up to 5% of the total amount |
7 | TVS credit | 16.35% | 1lk - 20L | max upto 10% |
8 | Hero Fincorp | 14.00% | 10k - 3.5L | 3.50% |
9 | AU Bank | 15% | 1lk - 5L | upto 10% |
10 | IDFC First Bank | 9% | 70k-10L | Upto 5% |
(*Rate of Interest depends on your Credit Score*)
Bike Loan EMI Calculator:
A Bike Loan EMI Calculator is an indispensable tool for anyone planning to finance their vehicle purchase through a loan. It simplifies the decision-making process by providing accurate and instant EMI calculations, enabling borrowers to choose a loan that fits their budget and repayment capacity. By using this tool, borrowers can make informed decisions and enjoy a stress-free bike buying experience.
Advantages of a Bike Loan EMI Calculator:
Using a Bike Loan EMI Calculator offers several key advantages for businesses:
Benefits of a Bike Loan:
The main advantages of a bike loan include:
Documents Required for a Bike Loan:
The typical documents required for a car or bike loan application include:
A car loan is a type of credit offered by banks or financial institutions specifically for the purpose of purchasing a bike. The lender pays the dealer upfront for the vehicle, and the borrower repays the lender over time, including the loan amount along with interest and applicable fees
There is no fixed upper limit for a bike loan. The maximum loan amount is often up to 100% of the bike’s on-road price. The loan amount depends on factors such as the vehicle’s road price and the borrower’s financial profile.
Eligibility requirements can vary by lender but typically include factors like age, income stability, employment status, and credit history.
Yes, your loan application may be rejected if you do not meet the eligibility criteria or if there are errors in your documentation. Also, having a Credit score of 750 or higher is often a requirement.
Yes, many banks and financial institutions offer loans for second-hand vehicles, but the vehicle should have proper documentation.
Using a Home loan EMI calculator before applying is essential because it helps you understand the monthly financial commitment involved. It allows you to assess multiple factors whether the loan is affordable based on your salary, expenses and lets you explore various loan scenarios (loan amount, tenure, interest rates) to find the best fit. By using our calculator, you can make well-informed decisions, avoid surprises, and effectively plan your finances.