The EMI calculator is a helpful tool that allows you to calculate the monthly installment (EMI) for your two-wheeler loan, like for the Royal Enfield Bullet 350. By entering details such as the loan amount, tenure, and interest rate, you can easily determine your EMI. This tool helps you plan your finances better, ensuring transparency and making it easier to make informed decisions about your loan repayment.
How to use the Royal Enfield Bullet 350 EMI Calculator
Before purchasing your Royal Enfield Bullet 350, use the two-wheeler loan calculator to estimate your monthly payments. Here is how:
- Type ‘Royal Enfield’ in the ‘Brand Model Variant’ field.
- Select ‘Bullet 350’ from the list.
- Enter your down payment, interest rate, and loan tenure to see the estimated EMIs.
You can change the parameters as many times as you want to find an EMI option that suits your budget. And when you are ready, book your Royal Enfield Bullet 350 online easily with a two-wheeler loan from Bajaj Finance.
Understanding the two-wheeler loan down payment for Royal Enfield Bullet 350
For example, if the price of the Bullet 350 is Rs. 2,01,160, and you make a down payment of Rs. 20,000. The remaining amount of Rs. 1,81,160 can be covered with the help of a two-wheeler loan. The final EMI depends on your loan offer, interest rate, and tenure.
Example of down payment and EMI for all variants of Royal Enfield bullet 350
The Royal Enfield Bullet 350cc motorcycle is available in eight striking colour variants, allowing riders to choose a style that suits their personality. The colour options include Military Black, Military Red, Military SilverBlack, Military SilverRed, Battalion Black, Standard - Black, Standard - Maroon, and Black Gold. Each variant offers a distinctive look, from the bold military-themed shades to the classic standard colours.
Here is an example of EMI calculations for the Royal Enfield Bullet 350 based on a 10% interest rate over a 3-year tenure:
Royal Enfield Bullet 350 bike model | Price | Down payment | Loan amount | Total interest to be paid | EMI |
Royal Enfield Bullet 350 Standard Black | Rs. 2,01,160 | Rs. 20,000 | Rs. 1,81,160 | Rs. 29,279 | Rs. 5,846 |
*Prices may vary depending on location.
The EMI figures are estimates based on standard interest rates and loan tenure. Your exact EMI may vary depending on your loan eligibility.
Factors affecting the two-wheeler Loan EMI for Royal Enfield Bullet 350
Here are some of the key factors that affect the EMI for a two-wheeler loan for a Royal Enfield Bullet 350:
1. Loan amount: The amount you borrow affects your EMI. A higher loan amount will result in higher EMIs.
2. Interest rate: The interest rate on your loan directly impacts the EMI. A lower interest rate means lower EMIs.
3. Loan tenure: The repayment period chosen for the loan will influence your EMI. A longer tenure will reduce the monthly EMI, but it may increase the total interest paid.
4. Down payment: The amount you pay upfront as a down payment reduces the loan amount, thereby reducing your EMI.
5. Credit score: A higher credit score can lead to better interest rates, which will lower your EMI.
Benefits of financing Royal Enfield Bullet 350 with Bajaj Finserv Two-wheeler Loan
Financing your Royal Enfield Bullet 350 with Bajaj Finserv Two-wheeler Loan offers several key benefits:
1. Up to 100% on-road financing: You can finance the up to the full on-road price of your Bullet 350, reducing your upfront payment. However, your loan offer will depend on your eligibility for a loan.
2. Quick approval: Get fast loan approval with minimal paperwork, making the process simple and quick.
3. Flexible EMI options: Choose EMI plans and repayment tenures that suit your budget and financial situation.
4. Minimal documentation: The loan process requires only basic documents, making it hassle-free.
How to apply for a two-wheeler loan from Bajaj Finance
Booking the Royal Enfield Bullet 350 with a two-wheeler loan from Bajaj Finance is quick and easy. Follow these simple steps:
Click the ‘Book Now’ button on this page to visit Bajaj Mall or use the Bajaj Finserv App for booking.
Select your preferred Bullet 350 variant.
Choose an EMI plan, check for available offers, and confirm your online booking.
A Bajaj Finance representative will contact you to guide you through the two-wheeler loan process. Once approved, complete the pending details and collect your Royal Enfield Bullet 350 from a nearby showroom.
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Royal Enfield Bullet 350 – Overview
The Royal Enfield Bullet 350 is a timeless motorcycle known for its classic design and powerful performance. Here is a brief overview of its key features and specifications:
Classic design: Known for its vintage look combined with modern features, appealing to classic bike lovers.
Engine power: 349cc single-cylinder engine delivering 20.2 BHP and 27 Nm torque.
Fuel efficiency: Offers a mileage of 36.2 kmpl under ideal conditions.
Fuel tank: Equipped with a 13 L fuel tank for long rides without frequent refuelling.
Popular choice: Loved by riders for its performance, design, and reliability.
A two wheeler loan allows you to book your Royal Enfield bike on affordable EMIs. Use the two-wheeler loan calculator to estimate the EMI for the Bullet 350 and plan your purchase with ease.
Note: Vehicle prices may vary depending on the model and city of purchase. The ex-showroom prices considered for the estimates mentioned above may vary from time to time. The actual loan offer may vary depending on the fulfilment of eligibility criteria for a two-wheeler loan from Bajaj Finance.
Frequently asked questions about the Royal Enfield Bullet 350 EMI Calculator
To know more, check our two-wheeler loan interest rate and charges.
The minimum down payment for a two-wheeler loan on the Royal Enfield Bullet 350 varies based on the loan offer, but it is typically a percentage of the on-road price. The exact amount will depend on factors like the loan approval and your eligibility.
Yes, you can prepay your two-wheeler loan for the Royal Enfield Bullet 350. However, check your loan offer and lender’s credit policy for any prepayment charges or terms that may apply.
The repayment tenure options for a Bajaj Finserv Two-wheeler Loan ranges from 12 months to 72 months.