Indian bikes Finance
Are you interested in buying a new Indian bikes and not able to find right deal? Not sure if you are being charged the right interest rate for your Indian two wheeler loan? Check out the BikeDekho EMI calculator to find the best Indian finance scheme by choosing the model that you wish to buy or calculate loan interest rate and equated monthly instalments (EMI) by entering the amount of bike loan that you wish to take.
Indian Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Indian Scout Bobber | Rs. 53,102 |
| Indian FTR | Rs. 59,832 |
| Indian Challenger | Rs. 1,13,387 |
| Indian Scout | Rs. 55,113 |
| Indian Roadmaster | Rs. 1,33,193 |
Indian bikes Finance Schemes
Indian Chief Bobber Dark Horse
Rs.22.82 - 22.86 Lakh*EMI starts from Rs. 70,28420 kmpl1890 cc162 Nm @ 3200 rpmIndian Chief Dark Horse
Rs.22.13 - 22.25 Lakh*EMI starts from Rs. 68,22020 kmpl1890 cc162 Nm @ 3200 rpmIndian Springfield Dark Horse
Rs.29.56 - 30.29 Lakh*EMI starts from Rs. 90,8241890 cc171 Nm @ 3000 rpm
Similar Brands Finance Options
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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Indian Bikes Further Research
Popular Indian Two Wheelers
- Indian Scout BobberRs 17.17 - 17.37 Lakh*
- Indian FTRRs 19.38 - 22.03 Lakh*
- Indian ChallengerRs 36.97 - 37.84 Lakh*
- Indian ScoutRs 17.83 - 18.33 Lakh*
- Indian RoadmasterRs 43.49 - 46.77 Lakh*