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Indian bikes Finance
Indian Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Indian Scout Bobber | Rs. 53,102 |
| Indian Scout | Rs. 55,113 |
| Indian FTR | Rs. 59,832 |
| Indian Roadmaster | Rs. 1,33,193 |
| Indian Chieftain Limited | Rs. 1,05,103 |
Indian bikes Finance Schemes
Indian Chieftain Limited
Rs.34.26 - 34.40 Lakh*EMI starts from Rs. 1,05,10320 kmpl1890 cc171 Nm @ 3000 rpmIndian Springfield Dark Horse
Rs.29.56 - 30.29 Lakh*EMI starts from Rs. 90,82420 kmpl1890 cc171 Nm @ 3000 rpmIndian Chieftain Dark Horse
Rs.32 - 33.87 Lakh*EMI starts from Rs. 98,15513.541890 cc171 Nm @ 3000 rpmIndian Pursuit Limited
Rs.42.03 - 47.37 Lakh*EMI starts from Rs. 1,28,78514 kmpl1768 cc178 Nm @ 3800 rpmIndian Chief Bobber Dark Horse
Rs.22.82 - 22.86 Lakh*EMI starts from Rs. 70,28420 kmpl1890 cc162 Nm @ 3200 rpmIndian Challenger Dark Horse
Rs.36.97 - 37.07 Lakh*EMI starts from Rs. 1,13,38718 kmpl1768 cc122.5 PSIndian Chief Dark Horse
Rs.22.13 - 22.25 Lakh*EMI starts from Rs. 68,22020 kmpl1890 cc162 Nm @ 2900 rpmIndian Super Chief Limited
Rs.24.33 - 24.35 Lakh*EMI starts from Rs. 74,89514 kmpl1890 cc162 Nm @ 3200 rpm
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FAQs for Indian Finance
How is Indian bike loan EMI calculated monthly?
Indian bike loan EMIs include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula: {P x R x (1+R)^N / [(1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
Which documents I need to have to apply for a Indian two wheeler loan?
To get your Indian bike loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs (Form 16/Salary Slips/ITR). You can get the exact requirement from your loan consultant after applying with us.
What will be the minimum down payment for a Indian Bike/Scooter loan?
The lenders generally finance 90% of the ex-showroom price of the Indian two wheeler. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the Indian bike. Down payment is the difference between the on-road price of the Indian bike and the amount funded by the lender.
What will be the rate of interest on a Indian bike finance?
The interest rate primarily depends on the principal amount and tenure of the loan amount of the Indian two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
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Popular Indian Two Wheelers
- Indian Scout BobberRs 17.17 - 17.37 Lakh*
- Indian ScoutRs 17.83 - 18.33 Lakh*
- Indian FTRRs 19.38 - 22.03 Lakh*
- Indian RoadmasterRs 43.49 - 46.77 Lakh*
- Indian Pursuit LimitedRs 42.03 - 47.37 Lakh*