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The on -road price of the Royal Enfield Bullet 350 is about Rs 2 lakh. You can bring it home by paying a doubt payment of just Rs 10,000.
The bike can be easily purchased by paying installments as a monthly EMI.
New Delhi. The Royal Enfield Bullet 350 is an iconic motorcycle in the Indian market, whose craze is seen from the youth to the elderly. This bike is quite popular in the country due to its powerful look, brilliant performance and credibility.
However, due to its price being more than Rs 1.5 lakh, many people are unable to buy it by paying cash payments at a time. But there is nothing to worry because you can also buy it on EMI. Buying bullet 350 on EMI will not put a huge burden on your pocket and you can pay it comfortably in your installments.
How to buy Bullet 350 on EMI?
The on-road price of the base model of Royal Enfield Bullet 350 is around Rs 2 lakh in Delhi. In the rest of the cities, this price may be slightly up and down. 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 policy. Apart from this, the bank also invests an 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 option of EMI according to the down payment of 10 thousand rupees for the base model of Bullet 350. 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 we know how much EMI will come according to the loan tenure.
2 year EMI plan:
If the bank invests an interest rate of 10% on the loan and you choose the loan duration for 2 years, then you have to deposit about Rs 9,500 every month as EMI in the bank.
3 year EMI plan:
If you take the loan for a period of 3 years, then your EMI will be reduced to Rs 6,900 at an interest rate of 10%.
4 year EMI plan:
For the longest period, if you take the loan for 4 years, your EMI will be only Rs 5,500 at an interest rate of 10%.
Pay attention to the bank’s policy and interest rate
It is important to keep in mind that the amount of EMI depends on the bank’s policy and interest rate. There may be a difference in interest rates of different banks, due to which the amount of EMI can also change slightly. Therefore, read all the conditions and documents of the bank carefully before taking the loan.
Benefits of buying bikes on EMI
– No need to spend huge amount together.
– You can easily buy bikes by paying installments as monthly EMI.
– You can choose the loan period at your convenience.
New Delhi,New Delhi,Delhi
December 17, 2024, 19:13 IST
If you buy bullet 350 by giving ₹ 10,000, then EMI will come, know
