Imagine a situation that you are planning to buy any two wheeler vehicle and do not have adequate ready cash at your disposal. During such circumstances, you may obviously rely on vehicle loans for realising your dream ride.
While opting for any vehicle loan, the foremost thought that arises in your mind is about the rate of interest charged by loan providers and the mode for repayment so availed. Certain authorised loan providers may take advantage of your urgency for money, and levy huge interest for the loan. This may adversely affect your financial status and sometimes pull you into the depth of insolvency.
To avoid the threat of unexpected financial loss due to the hefty monthly loan instalments, it is advisable to have a thorough understanding about the two wheeler loan EMI calculator. Two wheeler loan EMI calculator act as a financial tool that helps you in analysing the calculation of monthly EMI as well as monthly interest payments on loans.
Basics on the working of EMI calculator
EMI (Equated Monthly Instalment) is the actual amount payable every month until the loan has been fully repaid to the loan provider. EMI calculator is comparatively easy for calculating as it works mainly on three criteria’s, namely, loan amount, tenor and the rate of interest.
Formula for calculating EMI
E= P.r. (1+r)n
P is the Principal Loan Amount r is the rate of interest calculated on a monthly basis n is the tenor/duration of the loan
Check with two wheeler loan EMI calculator, before opting any loan provider…
The majority of Indian’s are self-employed. Having any two-wheeler vehicle has become a necessity for meeting your routine works or doing regular transactions or trade.
Sometimes, you may find it hard to meet the expense of buying a motorcycle. Even the financially sound people opt for two wheeler loans as they felt it easier to get approved.
Certain loan providers may charge huge interest for the loan amount which makes a greater sum as monthly repayments. An analysis of EMI calculator for two wheeler loan may enable you to have an idea about the affordability in repayment options, tenure range and whether the monthly loan installment levied could be repaid by you.
A Hub for un-compromised services for all your loan requirements
UAE Exchange India, the most trustworthy dealer of financial services is keen in delivering exceptional and most sufficing services for your two wheeler loan. Being a most customer-centric financial hub, the company is entrusted in providing requirements of the customers across the globe with a much faster pace.
We ensure you with following benefits
- Minimal documentation
- Least processing fee
- Not any pre-closure charges
- Free from hidden costs
- Affordable interest rates
- Quick processing and disbursal of loan
- Flexible repayment option
- Special loan schemes for premium bikes and premium scooters
Avail the two wheeler loan at the best rate from any counters of UAE Exchange India.