Bike Loan Calculator Singapore
Calculate your monthly motorcycle loan repayment in Singapore. Bike loans are quoted at flat rates — use our calculator to see the true Effective Interest Rate (EIR) and full repayment schedule.
· Free · No sign-up required
How to use:① Enter your loan amount using the slider or type directly② Adjust the interest rate to match your bank's offer③ View your monthly repayment and full schedule instantly
Loan Details
Bike Loan Amount
S$
S$2,000S$30,000
Interest Rate (Flat p.a.)
%
1%6%
Loan Tenure5 yrs
1 yr7 yrs
Your Estimate
Monthly Repayment
S$227.80
5 years · 60 monthly payments
Principal
S$12,000
Interest
S$1,668
Total RepaymentS$13,668.00
Total InterestS$1,668.00
Loan AmountS$12,000
Flat Rate2.78% p.a.
Effective Rate (EIR)5.37% p.a.
💡 Banks advertise flat rates. EIR is the true cost — always compare EIR across lenders.
💡
A 2.8% flat rate = 5.4% EIR. This is your true annual cost. Always compare EIR — not flat rate.
📋
Show this estimate to your bank or mortgage broker. Actual rates may vary based on your credit profile.
✅
Monthly repayment S$227.80 must be within 55% TDSR limit of your gross income (MAS rule).
About Bike Loan Calculator Singapore
Motorcycle loans (bike loans) in Singapore are governed by the same MAS regulations as car loans. The loan quantum is based on the bike's Open Market Value (OMV): up to 70% for OMV ≤S$20,000 and up to 60% for OMV >S$20,000. Maximum loan tenure is 7 years. Interest rates are quoted as flat rates by lenders including DBS, OCBC, UOB, Maybank, and specialist motorcycle financiers.
Before you apply: Check your TDSR → and your max budget →
Bike Loan Calculator Singapore — Frequently Asked Questions
Common questions about bike loan calculator singapore in Singapore.