Bike on EMI

Owning a bike has become an essential part of our lives, providing us with convenience and freedom to navigate through busy streets and explore new horizons. However, purchasing a bike outright may not always be feasible due to budget constraints. Thankfully, with shopping loans, you can now fulfill your dream of owning a bike without burdening your finances. Let us explore the benefits of acquiring a bike on EMI and how to calculate your bike EMI using a bike EMI calculator

Why Should You Take a Bike on EMI?

Affordability: By opting for a personal or shopping loan to purchase a bike, you can enjoy the benefits of ownership without straining your finances. With convenient EMI options, you can divide the cost of the bike into manageable monthly instalments, making it more affordable and budget-friendly.

Flexibility in repayment: Many lenders in India offer flexible repayment options tailored to your financial capacity. You can choose the tenure of your loan, ranging from six to 60 months, allowing you to select a repayment period that suits your budget and income.

No collateral required: Personal loans for bikes are usually unsecured, meaning you do not need to provide any collateral or security to avail of the loan. This feature eliminates the need for additional paperwork and safeguards your assets while granting you the financial freedom to own the bike of your choice.

Quick and hassle-free process: Most lenders now have minimal documentation requirements and have set simple application procedures so that you can obtain a bike loan quickly and hit the road on your new bike as soon as possible.

Which Bike Should You Buy on EMI?

Features/Bikes Popular Models Engine Technology Off-road Capability Performance Styling Technology Pricing
KTM RC 200, KTM RC 125, and KTM Duke 250
Advanced performance-oriented engines
Known for off-road and motocross models
Emphasis on power and aggressive performan-ce
Aggressive and sharp design language
Advanced electronics and rider aids
Generally higher priced
Suzuki Access 125
Diverse range, including sport and commuter
Offers off-road and dual-sport models
Varied performan-ce range across models
Varies across models, some sporty and some classic
Incorporates modern features and technology
Varied pricing, including budget-friendly options
Yamaha R15
High-performance engines with advanced features
Offers off-road and motocross models
Balanced performance across different segments
Sporty and aggressive design language
Incorporates modern features and technology
Varied pricing, including budget-friendly options
Honda Activa 125 and Honda Activa 6G
Diverse range, from commuter to sport models
Offers off-road, dual-sport, and adventure models
Varied performance range across models
Varied styling, from sporty to classic
Offers advanced technology and rider aids
Varied pricing, covering different market segments
Ather Energy
Ather 450X
Electric-powered scooters
Primarily designed for urban commuting
Instant torque and smooth acceleration
Modern and futuristic design language
Advanced features like touchscreen display
Premium pricing due to electric technology
Royal Enfield
Royal Enfield Classic 350
Internal combustion engine motorcycles
Offers some models suitable for off-road riding
Emphasis on low-end torque and cruising experience
Classic and vintage-inspired designs
Minimalist features, focusing on retro charm
Varies across models, including budget-friendly options

Bike on EMI Calculator

Before applying for an Bike on EMI, why not be a little more certain about your EMI loan and its interest rate?

  • Loan EMI

    Rs. pm

  • Total Interest Payable


  • Total Amount Payable


Key Takeaways

Acquiring a bike on EMI is an excellent way to enjoy the perks of bike ownership without straining your finances. With the flexibility, affordability, and hassle-free process offered by lenders, you can easily obtain a bike on EMI. Utilize the Finnable EMI calculator to calculate your monthly EMI amount and plan your budget accordingly. Choose your trusted loan provider wisely and embark on your two-wheeler journey with ease.  

Frequently Asked Questions (FAQs):

Yes, you can choose any bike model that is eligible for financing through personal or shopping loan options. 

The eligibility criteria for taking a bike on EMI include requirements such as age criteria, income proof, employment stability, and creditworthiness. 

Yes, most lenders will allow you to prepay your bike loan before the completion of the EMI tenure. 

While the interest rates for bike loans on EMI are generally determined by the loan provider, you may have room for negotiation depending on your creditworthiness and the loan provider's policies. 

Amit Arora


I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
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