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Hero Splendor Plus EMI Calculator

Hero Splendor Plus EMI Calculator

Rs. 75,441 - 78,286*
EMI starts from ₹ 2,637
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*Ex-showroom Price in delhi
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Hero Splendor Plus EMI Calculator

Hero Splendor Plus EMI starts at Rs 2,637 per month for a tenure of 36 months @9.7 for a loan amount of Rs 81,965. The EMI Calculator tool on BikeDekho gives a detailed break-up of the total payable amount and helps you in finding the best bike finance for your Splendor Plus. (Calculated on On Road Price in Delhi)

 

Hero Splendor Plus Down Payment and EMI

Splendor Plus VariantsLoan @ 9.7%. Down paymentEMI (36 months)
Black and Accent83,335Rs. 9,259Rs. 2,686
Self with Alloy Wheel and i3S84,883Rs. 9,431Rs. 2,741
Self with Alloy Wheel81,965Rs. 9,107Rs. 2,637

Calculate your Loan EMI for Splendor Plus

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price in delhi
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*Ex-showroom Price in delhi

Splendor Plus EMI FAQs

  • FAQ

What will be the lowest down payment for Hero Splendor Plus?

The lenders generally finance 90% of the value of the . Some customers might be eligible for 100% funding too. The down payment is the difference between the on-road price of the and the amount funded by a lender. This means the minimum possible down payment that you have to pay for Hero Splendor Plus includes the RTO and insurance charges.

What will be the monthly EMI for Hero Splendor Plus?

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for Hero Splendor Plus 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.

For Example:- If the principal amount for a bike loan is Rs. ₹82,072/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 82072 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,637/-

The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 10% per annum, then R= 10%/12 = 0.008333.

What will be the interest rate for Hero Splendor Plus?

The interest rate for Hero Splendor Plus primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum. Customers can also negotiate with the financier for a better rate of interest against their loan amount.

What will be the EMI for 3 years tenure for Hero Splendor Plus?

EMI for Hero Splendor Plus for 3 years tenure can be calculated as per 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, N = Number of monthly installments which will be 36 in case of 3 years tenure.

Hero Splendor Plus User Reviews

4.4/5
Based on1048 User Reviews

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  • R
    rajeev on Jun 11, 2024
    3.8

    My go to bike for everyday travel

    It's heaven to cruise on the Hero Splendor Plus. Just like my friend Ravi said, it's my go-to bike for everyday travel. Its strength is impressive; it was made to handle the rough.....Read More

    • Like
    • Dislikes
  • A
    ayush on Jun 08, 2024
    3.5

    Good Bike For Middle Class Person

    This bike is highly beneficial for individuals from the middle class. Its mileage is exceptionally efficient, which I adore. While its appearance and comfort may not be.....Read More

    • Like
    • 1 Dislikes
  • K
    kishan on Jun 07, 2024
    3.8

    The Trusted Commuter

    The Hero Splendor Plus is a reliable and fuel-efficient bike which I love the most. It's a basic bike, but it has everything i need for daily rides. The seat is comfy enough for.....Read More

    • Like
    • Dislikes
  • Y
    yogesh on Jun 05, 2024
    3.7

    Best bike under 1 lakh

    Hero Splendor Plus is a good reliable choice for budget friendly buyers. My experience with this bike is awesome. the build quality is appreciable and the suspension absorb all.....Read More

    • 1 Like
    • Dislikes
  • B
    bablu on May 28, 2024
    4.3

    Awesome Performance

    The Splendor Plus bike epitomizes elegance and efficiency on two wheels. Its sleek design and reliable performance make it ideal for city commutes and weekend adventures alike......Read More

    • 4 Likes
    • Dislikes
  • View All Hero Splendor Plus Reviews

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Disclaimer :

Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not includes any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.

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