IOB Two-Wheeler Loan EMI Calculator
Pick one of the 4 IOB 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: 11.10% p.a. (Range: 11.10% – 14.40% p.a.). Read from IOB's own website; your rate depends on your profile.
A ₹1,00,000 loan at 11.1% over 3 years has an EMI of ₹3,279, and costs ₹18,027 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
Indian Overseas Bank · Public sector bank
Individual, non-electric
11.1%–14.4% (the calculator uses the lower figure)
Processing fee: Processing Charges: as applicable
Effective: 8 Oct 2026 · Last verified 21 Oct 2026 · Lender’s rate page
Monthly EMI
₹3,279
for 3 years
Principal
₹1,00,000
Total interest
₹18,027
Total payment
₹1,18,027
Principal vs interest
- Principal
- 84.7%
- ₹1,00,000
- Total interest
- 15.3%
- ₹18,027
Compare tenures
| Tenure | EMI | Total interest | Total payment |
|---|---|---|---|
| 1 year | ₹8,843 | ₹6,114 | ₹1,06,114 |
| 2 years | ₹4,665 | ₹11,971 | ₹1,11,971 |
| 3 years | ₹3,279 | ₹18,027 | ₹1,18,027 |
| 4 years | ₹2,589 | ₹24,297 | ₹1,24,297 |
| 5 years | ₹2,179 | ₹30,759 | ₹1,30,759 |
Amortisation Schedule
How each instalment splits between interest and principal over time.
Saved scenarios stay in this browser only. No sign-up.
Monthly EMI
₹3,279
IOB two-wheeler loan schemes
4 schemes, each read from IOB's own website. Pick any of them in the calculator above.
IOB Pink Wheel (for women), electric
9.8% – 12.3%
Only for womenOnly for electric two-wheelersElectric
- Girl students / women
- Women's EV scheme: 9.80%-12.30%
- Benchmark
- RLLR 8.35% + 1.45 to 3.95
- Processing fee
- Not published on the page we checked
- Effective
- Not stated (RLLR w.e.f 08.10.2026)
- Source
- IOB's page ↗
- Last verified
- 21 Oct 2026
IOB Pink Wheel (for women), non-electric
10% – 12.5%
Only for women
- Girl students / women
- Women's scheme: non-EV 10.00%-12.50%
- Benchmark
- RLLR 8.35% + 1.65 to 4.15
- Processing fee
- Not published on the page we checked
- Effective
- Not stated (RLLR w.e.f 08.10.2026)
- Source
- IOB's page ↗
- Last verified
- 21 Oct 2026
Electric two-wheeler, individual
10.9% – 14.2%
Only for electric two-wheelersElectric
- Benchmark
- RLLR 8.35% + 2.55 to 5.85
- Processing fee
- Processing Charges: as applicable
- Effective
- 8 Oct 2026
- Source
- IOB's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
Individual, non-electric
11.1% – 14.4%
- Benchmark
- RLLR 8.35% + 2.75 to 6.05
- Processing fee
- Processing Charges: as applicable
- Effective
- 8 Oct 2026
- Source
- IOB's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
The product page gives no processing-fee figure.
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 →
IOB two-wheeler loan rates
Verified on 21 October 2026 from IOB's site ↗
- Starting from
- 11.1% p.a.
- Published range
- 11.1% – 14.4%
- Processing fee
- Processing Charges: as applicable
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 IOB compares
IOB's two-wheeler loan starting rate of 11.1% is the 6th lowest of 17 banks with a verified rate. The lowest is Indian Bank at 8.9%, and the median is 11.45%.
- IOB
- ₹3,279
- 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
11.10% p.a.
11.10% – 14.40% p.a.
Processing Charges: as applicable
Applicable Conditions & Eligibility Factors:
- The starting rate is the lowest the bank publishes; your rate depends on credit score, income and employer
Source: IOB two-wheeler loan rates (official)
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Choose a IOB 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: IOB has a separate EV scheme.
- •Some IOB rates come with conditions (only for women; only for electric two-wheelers); 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: IOB Two-Wheeler Loan EMI Calculator
For a ₹1,00,000 loan at the starting rate of 11.1% a year for 3 years (36 months), the EMI is ₹3,279, with total interest of ₹18,027.
Frequently Asked Questions: IOB Two-Wheeler Loan EMI Calculator
- What is IOB's two-wheeler loan interest rate?
- IOB publishes two-wheeler loan rates starting from 11.1% a year (up to 14.4%), 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: Processing Charges: as applicable
- Which IOB two-wheeler loan schemes does this calculator cover?
- IOB Pink Wheel (for women), electric; IOB Pink Wheel (for women), non-electric; Electric two-wheeler, individual; Individual, non-electric. Each rate was read from IOB's own website; the table lists the source, effective date and date checked.
- Is IOB's processing fee included in the EMI?
- No, a IOB loan EMI covers principal and interest only. IOB'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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