Ujjivan SFB Two-Wheeler Loan EMI Calculator
What is a Two-Wheeler Loan EMI Calculator?
Ujjivan SFB two-wheeler loan offers financing up to 95% of the on-road price of the vehicle at competitive rates and with flexible repayment tenure up to 48 months. Want to know the EMI on your two-wheeler loan? Use our Two-Wheeler Loan EMI Calculator to know your EMI obligations in few seconds. Calculate your loan EMI beforehand to plan your finances better.
Bike Loan EMI Calculator
Break-up of Total Payment
Monthly Loan EMI
Principal
Total Interest
Total Payment
(Principal + Interest)
How to Use our Two-Wheeler Loan EMI Calculator
Our two-wheeler EMI calculator is extremely easy to use and features a user-friendly interface. All you need to do is enter the amount, tenure and applicable interest rate. Alternatively, you can drag the slide bar to select the parameters.
FAQs
1. How is two-wheeler loan EMI calculated?
Two-wheeler loan EMI calculation formula is:
EMI = principal amount + interest paid
Mathematically: P x R x (1+R) ^N / [(1+R) ^N-1] where
P = Principal amount of the loan
R = Rate of interest
N = Tenure in months
However, manual calculations can be extremely time consuming may leave room for errors. To quickly calculate your two-wheeler loan EMI, use our EMI calculator.
2. How to pay two-wheeler loan EMI?
Follow these steps to pay your loan EMI:
Follow the instructions to complete your payment.
Alternatively, you can set up standing instructions if you have a salary or savings account with Ujjivan SFB. Your EMI will automatically be debited on the specified date every month.
3. What are the advantages of using two-wheeler loan EMI calculator?
Some of the advantages are:
4. What happens if I fail to pay EMI on time?
Failing to make EMI payments can have serious consequences and may lead to credit score damage, late payment charges and legal action.
5. What factors can affect my two-wheeler loan EMI?
Some of the factors that may impact your two-wheeler loan EMI are:
For a better understanding, use our two-wheeler loan EMI calculator to compare EMIs.