Planning to get a Yamaha XSR 155 on loan? This EMI guide will help you plan your purchase better.
Yamaha has revised the pricing of the XSR 155, increasing it by up to Rs 9,000. If you are planning to purchase the Metallic Black colour of the Yamaha XSR 155 on loan, here's a breakdown of the EMI you may have to pay, considering a down payment of Rs 30,000:
18 Months
If you are opting for a 18-month loan tenure, you'll need to pay an EMI of Rs 9,655. Considering 9.7% interest rate, the total interest paid will be Rs 12,653. The total repayment sums up to Rs 1,73,790 for the loan, interest, plus the down payment.
24 Months
For a lower EMI, you can opt for a 24-month loan tenure, which will be Rs 7,413. Here, the monthly payment is less than the 18-month tenure, but the interest goes up to Rs 16,775. The total repayment in this scheme tallies to Rs 1,77,912 - that is Rs 4,122 extra compared to the 18-month tenure.
36 Months
Opting for the 36-month loan tenure lowers the EMI to Rs 5,177. However, the total repayment amount sums up to Rs 1,86,372, excluding the down payment. That said, you'll end up paying Rs 8,460 more compared to the 24-month loan tenure in this scheme.
Bikedekho Says
Opting for an EMI scheme helps to ease immediate financial burden compared to a full payment all at once. However, you will end up paying more to the bank in the form of interest, which will also increase the overall buying cost. Before applying for a loan, carefully read the terms and conditions of the bank.
Also, note that the interest rate and EMIs vary depending on the bank and your CIBIL score, as well as your loan eligibility. For getting the actual EMI and interest details, we recommend checking with your bank.
You can also check out our Yamaha XSR 155 detailed booking guide to know more about the buying procedure. If you want to know more about the bike, our Ultimate Buying Guide will solve all your doubts.
However, if you want to check some alternatives, here aresome different options at the same price.