The process of applying for a two wheeler loan is easy and transparent in the modern, internet-enabled world. You can repay the loan in Equated Monthly Installments or EMI. It is the amount that you pay the lender every month ofthe loan tenure. It is a mix of the principal amount and interest along with applicable taxes.
Muthoot Capital Services Pvt. Ltd. offers a free and easy-to-use two wheeler loan EMI calculator. You can calculate your monthly outflow at the click of a button. Just click on the EMI calculator button to get started. Our dynamic two wheeler loan calculator helps you calculate the monthly repayment amount of your loan immediately. Fill your financial details and an auto computed figure will be displayed. You can easily plan your monthly budget accordingly.
The formula for the Two Wheeler Loan Calculator is broadly dependent on the following:
It is advisable that you know your EMI amount before you commit to a two-wheeler loan. By using a two wheeler loan EMI calculator you will be able to plan how to repay your loan without any issues.
Take your time in adjusting the various options on the calculator so that you are comfortable with the tentative EMI. The EMI calculator is a good guide. You can also contact our representative to find out your eligibility and the interest rate that you would get to get an exact EMI amount. Interest rates may vary from scheme to scheme. Your credit history also determines the rate of interest you command. Once you have the exact details, it is simple to arrive at a perfect calculation on the EMI calculator.
You have taken the first step towards buying a bike on EMI but are not sure of the benefits of using the two wheeler loan calculator. The list below will dispel all your doubts.