As of now, State Bank of India does not provide two wheeler loan EMI calculator on their website. However, you can find EMI calculators that are available commonly on various financial platforms. EMIs are calculated based on the following formula.
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
P = Principal amount
R = Rate of Interest per month
N= Number of Monthly Installments
You can enter the loan amount, rate of interest and tenure to get the desired results. You can try different combinations and check the end results. Two wheeler EMI calculators help you choose the best tenure and plan your down payment accordingly.
You can also call up the customer care team of SBI and get to know the details of EMI for various combinations.
Before you apply for a two wheeler loan, check your credit score to know your credit health. A good credit score can help you get low interest loans.