Simple Guide To Calculate Interest Rate For Two Wheeler Loan

Two-wheelers are the most comfortable and convenient mode of transport. Many lenders are available in the market to provide you with a two-wheeler loan at attractive interest rates.


Before you apply for the loan, it is essential to know the interest rate charged upon it. The two-wheeler loan interest rate varies from lender to lender. Typically it ranges between 12% to 18%. You can calculate it using a two wheeler loan interest rate.

Two-Wheelers Loan Interest Rate


The interest rates on two-wheeler loans vary from lender to lender. If you use collateral for availing a two-wheeler loan, then the interest rate will be quite less than the unsecured two-wheeler loan where no collateral is required.

How to calculate interest rates on a two-wheeler loan?


Some of the essential factors on which the interest rate depends are -

- The applicant's income: Your income determines the interest rate charged on your two-wheeler loan. As your monthly income shows your credibility for repayments and thus, it also affects the interest rate.

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