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BMW bikes Finance
BMW Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| BMW G 310 RR | Rs. 9,407 |
| BMW S 1000 RR | Rs. 63,313 |
| BMW G 310 R | Rs. 8,937 |
| BMW G 310 GS | Rs. 10,150 |
| BMW CE 02 | Rs. 12,722 |
BMW bikes Finance Schemes
FAQs for BMW Finance
Q) How is BMW bike loan EMI calculated monthly?
A) BMW 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.
Q) Which documents I need to have to apply for a BMW two wheeler loan?
A) To get your BMW 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.
Q) What will be the minimum down payment for a BMW Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the BMW 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 BMW bike. Down payment is the difference between the on-road price of the BMW bike and the amount funded by the lender.
Q) What will be the rate of interest on a BMW bike finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the BMW two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
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BMW Bikes Further Research
Popular BMW Two Wheelers
- Bikes
- Scooters
BMW G 310 RRRs 3.05 Lakh*- BMW S 1000 RRRs 20.75 - 25.25 Lakh*
- BMW G 310 RRs 2.90 Lakh*
- BMW G 310 GSRs 3.30 Lakh*
- BMW CE 02Rs 4.50 Lakh*
- BMW C 400 GTRs 11.25 Lakh*