IDFC FIRST Two-Wheeler Loan EMI Calculator
Pick one of the 3 IDFC FIRST two-wheeler loan schemes we read from the bank's own website, or type the rate you are offered, to see the EMI, total interest and repayment schedule.
Official Rate Formula & Benchmark:
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with P the loan amount and r the monthly rate.
Current official starting rate: 18.99% p.a. (Range: 18.99% – 18.99% p.a.). Read from IDFC FIRST's own website; your rate depends on your profile.
A ₹1,00,000 loan at 18.99% over 3 years has an EMI of ₹3,665, and costs ₹31,945 in total interest.
Picking a lender fills in its lowest published figure for that scheme. Your rate depends on your profile, course or vehicle, and can be higher. Compare all bike loan rates
IDFC FIRST Bank · Private bank
Commuter bikes
18.99%
Processing fee: Up to 5% of the total amount
Effective: Not stated · Last verified 21 Oct 2026 · Lender’s rate page
Monthly EMI
₹3,665
for 3 years
Principal
₹1,00,000
Total interest
₹31,945
Total payment
₹1,31,945
Principal vs interest
- Principal
- 75.8%
- ₹1,00,000
- Total interest
- 24.2%
- ₹31,945
Compare tenures
| Tenure | EMI | Total interest | Total payment |
|---|---|---|---|
| 1 year | ₹9,215 | ₹10,582 | ₹1,10,582 |
| 2 years | ₹5,040 | ₹20,971 | ₹1,20,971 |
| 3 years | ₹3,665 | ₹31,945 | ₹1,31,945 |
| 4 years | ₹2,989 | ₹43,506 | ₹1,43,506 |
| 5 years | ₹2,594 | ₹55,591 | ₹1,55,591 |
Amortisation Schedule
How each instalment splits between interest and principal over time.
Saved scenarios stay in this browser only. No sign-up.
Monthly EMI
₹3,665
IDFC FIRST two-wheeler loan schemes
3 schemes, each read from IDFC FIRST's own website. Pick any of them in the calculator above.
Premium bikes
8.5%
Only for premium bikesSuper / premium bikes
- Processing fee
- Up to 5% of the total amount
- Effective
- Not stated
- Source
- IDFC FIRST's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
The page title says 'Starting at 9% p.a.' but the table says 8.5%; the table is used. Fee conflict: the fees page says 'Up to 5% of the total amount', the rates page 'Up to 2% of the loan amount (Min ₹500)'.
Mid-premium and electric bikes
15.99%
Only for mid-premium and electric bikesElectric
- Processing fee
- Up to 5% of the total amount
- Effective
- Not stated
- Source
- IDFC FIRST's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
Commuter bikes
18.99%
- Processing fee
- Up to 5% of the total amount
- Effective
- Not stated
- Source
- IDFC FIRST's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
The rate you are offered depends on the bank's assessment and can be higher than the starting rate. Compare bike loan rates across lenders →
IDFC FIRST two-wheeler loan rates
Verified on 21 October 2026 from IDFC FIRST's site ↗
- Starting from
- 18.99% p.a.
- Published range
- Only the starting rate is published
- Processing fee
- Up to 5% of the total amount
The rate you are offered depends on your credit score, income and employer and can be higher than the starting rate. RBI rules do not allow foreclosure or part-prepayment charges on floating-rate loans to individuals (other than for business purposes).
How IDFC FIRST compares
IDFC FIRST's two-wheeler loan starting rate of 18.99% is the 17th lowest of 17 banks with a verified rate. The lowest is Indian Bank at 8.9%, and the median is 11.45%.
- IDFC FIRST
- ₹3,665
- Indian Bank
- ₹3,175
- Median bank
- ₹3,295
Monthly EMI on ₹1,00,000 on a 3-year loan, at each bank's starting rate. Your own rate depends on the bank's assessment.
Rate Verification & Official Notice
18.99% p.a.
18.99% – 18.99% p.a.
Up to 5% of the total amount
Applicable Conditions & Eligibility Factors:
- The starting rate is the lowest the bank publishes; your rate depends on credit score, income and employer
Source: IDFC FIRST two-wheeler loan rates (official)
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Choose a IDFC FIRST scheme: its rate, processing fee, effective date and source fill in.
- 2Enter the loan amount (the on-road price less your down payment) and the tenure.
- 3The EMI is a reducing-balance figure; the schedule shows principal and interest month by month.
Key Factors Influencing Your Rate
- •Electric two-wheelers: IDFC FIRST has a separate EV scheme.
- •Super and premium bikes are priced as a separate scheme.
- •Some IDFC FIRST rates come with conditions (only for premium bikes; only for mid-premium and electric bikes); they are tagged in the table, and the calculator starts on a rate open to all.
- •Your credit score, income and the bike's on-road price decide where in the range you land.
Worked Numerical Example: IDFC FIRST Two-Wheeler Loan EMI Calculator
For a ₹1,00,000 loan at the starting rate of 18.99% a year for 3 years (36 months), the EMI is ₹3,665, with total interest of ₹31,945.
Frequently Asked Questions: IDFC FIRST Two-Wheeler Loan EMI Calculator
- What is IDFC FIRST's two-wheeler loan interest rate?
- IDFC FIRST publishes two-wheeler loan rates starting from 18.99% a year, checked on 21 October 2026. The rate you are offered depends on your credit score, income and employer. Processing fee, in the bank's words: Up to 5% of the total amount
- Which IDFC FIRST two-wheeler loan schemes does this calculator cover?
- Premium bikes; Mid-premium and electric bikes; Commuter bikes. Each rate was read from IDFC FIRST's own website; the table lists the source, effective date and date checked.
- Is IDFC FIRST's processing fee included in the EMI?
- No, a IDFC FIRST loan EMI covers principal and interest only. IDFC FIRST's processing fee, in the bank's own words, is listed against each scheme in the scheme table; it is usually paid upfront or deducted from the amount disbursed.
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