Here's how much EMI you will have to pay for this Royal Enfield, considering a downpayment of Rs 30,000:

2-Year Loan Tenure

If we consider an average loan interest rate of about 9.7% for a 2-year tenure, the EMI comes to Rs 8,378. That means a total repayment amount of Rs 2,01,072 over 24 months plus the downpayment.

While the EMI is slightly higher, the loan gets cleared quickly, and the buyer pays lesser interest compared to longer tenures.

3-Year Loan Tenure

For those preferring lower EMIs, the 3-year loan option brings the monthly payment down to a more convenient amount of Rs 5,850. This results in a total repayment amount of Rs 2,10,600 over 36 months, plus the downpayment. In comparison to the 2-year tenure, you will be paying Rs 9,528 more to the bank, but you will have the ease of a lower EMI.

4-Year Loan Tenure

Stretching the loan period to 4 years lowers the monthly EMI to Rs 4,593. This equals a total repayment of Rs 2,20,464 over a period of 48 months plus the downpayment. As compared to the 3-year loan, you will be paying Rs 9,764 extra to the bank. However, the trade-off would be a more comfortable monthly installment.

BikeDekho Says

Buying any bike on loan can reduce the immediate financial load that comes with an upfront payment. However, it comes with the interest rate that you pay to the bank, and it also increases the total buying cost of the bike. When opting for a loan, we advise you to thoroughly read the terms and conditions of the bank.

That said, the applicable downpayment and the interest rate will vary depending on the loan-issuing bank as well as your credit score. Our EMI calculations are based on the average of these variables. The amounts can change depending on each case.

You can also check out our detailed booking guide of the Royal Enfield Bullet 350, to know everything about the buying procedure.