Royal Enfield bikes Finance

Are you interested in buying a new Royal Enfield bikes and not able to find right deal? Not sure if you are being charged the right interest rate for your Royal Enfield two wheeler loan? Check out the BikeDekho EMI calculator to find the best Royal Enfield 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.

Royal Enfield Two Wheeler Loan EMI

MODELEMI (36 MONTHS)
Royal Enfield Classic 350Rs. 6,266
Royal Enfield Bullet 350Rs. 5,205
Royal Enfield HimalayanRs. 7,287
Royal Enfield Continental GT 650Rs. 10,181
Royal Enfield Interceptor 650Rs. 9,623

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Royal Enfield bikes Finance Schemes

*Ex-showroom price Delhi

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FAQs for Royal Enfield Finance

How is Royal Enfield bike loan EMI calculated monthly?

Royal Enfield 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 Royal Enfield two wheeler loan?

To get your Royal Enfield 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 Royal Enfield Bike/Scooter loan?

The lenders generally finance 90% of the ex-showroom price of the Royal Enfield 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 Royal Enfield bike. Down payment is the difference between the on-road price of the Royal Enfield bike and the amount funded by the lender.

What will be the rate of interest on a Royal Enfield bike finance?

The interest rate primarily depends on the principal amount and tenure of the loan amount of the Royal Enfield two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.

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