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New Delhi. Royal Enfield Bullet 350 is an iconic motorcycle in the Indian market, whose craze is seen from youth to elders. This bike is quite popular in the country due to its strong looks, excellent performance and reliability.
However, due to its price being more than Rs 1.5 lakh, many people are not able to buy it by paying cash in one go. But there is no need to worry because you can buy it on EMI also. Buying Bullet 350 on EMI will not put a heavy burden on your pocket and you can comfortably pay it in your installments.
How to buy Bullet 350 on EMI?
The on-road price of the base model of Royal Enfield Bullet 350 in Delhi is around Rs 2 lakh. This price may vary slightly in other cities. You can get a loan of Rs 1.90 lakh for this bike from the bank. This loan depends on your credit score and bank’s policy. Apart from this, the bank also charges interest rate on the loan, according to which you will have to deposit a certain amount in the bank every month as EMI.
Complete information about down payment and EMI
Here we are telling you the EMI options for the base model of Bullet 350 as per the down payment of Rs 10,000. Let us tell you that after making a down payment of Rs 10,000, you will have to take a loan of Rs 1,90,000 for this bike. Now let us know how much the EMI will be as per the loan tenure.
2 year EMI plan:
If the bank charges an interest rate of 10% on the loan and you choose the loan tenure for 2 years, then you will have to deposit around Rs 9,500 every month in the bank as EMI.
3 year EMI plan:
If you take the loan for a tenure of 3 years, then at an interest rate of 10% your monthly EMI will reduce to Rs 6,900.
4 year EMI plan:
For the longest tenure, if you take the loan for 4 years, your monthly EMI at an interest rate of 10% will be only Rs 5,500.
Pay attention to bank policy and interest rate
It is important to note that the EMI amount depends on the bank’s policy and interest rate. There may be a difference in the interest rates of different banks, due to which the EMI amount may also change slightly. Therefore, before taking the loan, read all the conditions and documents of the bank carefully.
Benefits of buying a bike on EMI
– No need to spend huge amount at once.
– You can easily buy a bike by paying installments in the form of monthly EMI.
– You can choose the loan tenure as per your convenience.
Tag: auto news, bullet 350, Royal Enfield
first published : December 17, 2024, 7:13 pm IST
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