Looking to buy a bike on EMI? Wondering what the down payment will be? Also trying to calculate what the EMI shall be?
Generally the finance companies in India take a minimum down payment of 10-15% of the on-road price of the bike.
For example, a bike with an on-road price of Rs. 1 lac, the minimum down payment comes to around Rs. 15000.
The EMI value depends on the period of finance, interest rate and the down payment. Needless to say, the higher the down payment, the lower is the interest cost. To get the exact calculation of EMIs you may visit Kay Dee Bajaj showroom at Noida. There are more than 3 finance company professionals always available here to give you the best finance deals for your favorite bike.
Use this Motorcycle payment calculator to estimate monthly payments on your next new or used auto loan. Simply enter the loan amount, term and interest rate to calculate your monthly auto loan payments. This calculator will help you determine how much Motorcycle you can afford.