Planning to buy TVS' adventure bike? Our EMI guide will help in making your decision
TVS finally launched its first-ever adventure bike, the Apache RTX 300, at an insane starting price of Rs 1.99 lakh (ex-showroom).
The on-road price in Delhi for the Base variant is Rs 2,26,956, including road tax of Rs 15,920 and insurance for Rs 12,036 (both will vary).
If you're thinking of purchasing the TVS RTX 300 on loan after reading our ultimate buying guide, here's a complete breakdown of the final cost. Factors include the loan tenure, a down payment of Rs 30,000, and an interest rate of 9.7% (standard) - bringing the loan amount to Rs 1,96,956.
18 Month Loan
For an 18-month (1.5-year) loan, you'll have an EMI of 11,801 for this TVS Apache bike. This monthly installment is higher than the other options, but your final interest paid will be less - which in this case comes to Rs 15,462. You can spend the saved money on the official TVS accessories being offered. Including the downpayment amount, the overall cost will be Rs 2,12,418.
2 Year Loan
If you want a balance between manageable EMIs and final cost, you should opt for the 24-month plan for this TVS bike. You will pay Rs 9,061 monthly, and the interest amount will be Rs 20,508. Including the downpayment, the overall cost will be Rs 2,17,464. The 2-year option lowers your EMI by Rs 2,740 compared to the 1.5-year tenure.
3 Year Loan
For the lowest EMI option here, choose the 36-month (3-year) loan tenure. Your monthly payment will now be Rs 6,328 - making it the most affordable option. But, the final interest amount increases to Rs 30,852 - taking your overall cost to Rs 2,27,808 - including the downpayment. While this plan reduces your EMI cost, you pay Rs 15,462 more in interest compared to the 18-month plan.
BikeDekho Says
Buying the TVS Apache RTX 300 on EMI is a smart choice to own the most value-for-money adventure bike in India, while having flexible finances. Of the above mentioned plans, the 2-year loan tenure has the best balance of EMIs and total interest paid.
Do note that interest rates and monthly payments will vary for each person - based on factors like CIBIL score, bank policies, and loan eligibility. We recommend checking with your bank or dealer for the most accurate details. Get personalized EMI plans for the RTX 300 here.