Royal Enfield Bullet 350 Base Variant: EMI Buying Guide
Here is a quick guide to buy your dream Royal Enfield motorcycle using an EMI finance scheme
The base (Military Red/Black) variant of the Royal Enfield Bullet 350 is priced at Rs 1,63,783 (ex-showroom, Chennai). Here’s how much EMI you will have to pay for this Royal Enfield, considering a downpayment of Rs 30,000:
2-Year Loan Tenure
If we consider an average loan interest rate of about 9.7% for a 2-year tenure, the EMI comes to Rs 8,378. That means a total repayment amount of Rs 2,01,072 over 24 months plus the downpayment.
While the EMI is slightly higher, the loan gets cleared quickly, and the buyer pays lesser interest compared to longer tenures.
3-Year Loan Tenure
For those preferring lower EMIs, the 3-year loan option brings the monthly payment down to a more convenient amount of Rs 5,850. This results in a total repayment amount of Rs 2,10,600 over 36 months, plus the downpayment. In comparison to the 2-year tenure, you will be paying Rs 9,528 more to the bank, but you will have the ease of a lower EMI.
4-Year Loan Tenure
Stretching the loan period to 4 years lowers the monthly EMI to Rs 4,593. This equals a total repayment of Rs 2,20,464 over a period of 48 months plus the downpayment. As compared to the 3-year loan, you will be paying Rs 9,764 extra to the bank. However, the trade-off would be a more comfortable monthly installment.
BikeDekho Says
Buying any bike on loan can reduce the immediate financial load that comes with an upfront payment. However, it comes with the interest rate that you pay to the bank, and it also increases the total buying cost of the bike. When opting for a loan, we advise you to thoroughly read the terms and conditions of the bank.
That said, the applicable downpayment and the interest rate will vary depending on the loan-issuing bank as well as your credit score. Our EMI calculations are based on the average of these variables. The amounts can change depending on each case. If you're planning to add accessories for the Bullet, you might want to have extra buffer for it as well. As for the details of the other variants, head to our Bullet 350 variant explainer.
You can also check out our detailed booking guide of the Royal Enfield Bullet 350, to know everything about the buying procedure. Here's the on-road pricing of the Bullet 350 as well. For a summation of everything about the Bullet, here's our Ultimate Buying Guide.
Royal Enfield Bullet 350 User Reviews
- ExpireanceSo, I have owned this bike for like 3 years now, and no major problem has been there. It works well, looks amazing, and has low maintenance cost, at least for me. But the only thing is that it’s more of a cruiser, so from a speed perspective, it kind of lacks. Overall, a solid choice, just like its name, it’s a Bullet.Read More5 7
- My life my bikeFor the looks and its heaviness, it’s a happiness in my life. So good, heavy, stable, and safe bike. Other than those light bikes, its drive is very stable on the roads. If you want high-speed rides, then this bike is also the best option, bro. The ride is soo good, feels stable safe on this bike, maintenance is little costlier than other bikes, but the service and comfort is top notch and high power, and bike is really smooth and comfortable. Person with heavy body and decent hight should buy this bike, because its too heavy and on other hands, I would not recommend this bike to a person with very low income, its feel littel bit costly if your income is not enough to maintain this.Read More18 19
- experience of royal EnfieldI choose it because it offer's a perfect combination of style and comfort, performance, and reliability and the 349cc engine delivers smooth power and excellent riding, comforting it, suitable for city communting and long distance travel and it has modern features. I choose this motor cycle for comforts.Read More8 3
- Royal EnfieldGood for city traffic and once the bike is ridden for 3/4 kms, its more smoother and with rising fuel price, the bike provides a very good mileage compared to its rivals and in long journeys Royal Enfield is much more reliable. This bike never disappoint. Very positive experience. I have been riding it in city traffic and compared to other bikes, this bikes is way more smoother and easy to handle. Good riding posture, good fuel economy, even long rides are fun to have in a Royal Enfield. The bike is reliable and good build quality, good to ride and every one who has ridden one has never regretted and this bikes are like u have one and u can ride them for years without any issues. Nice bike.Read More21 14
- Royal Feel with Bullet 350Maine Royal Enfield Bullet 350 isliye choose ki kyunki mujhe hamesha se classic bikes pasand rahi hain aur Bullet ka look aur feel alag hi level ka hai. Iska design simple hone ke bawajood bhi kaafi royal aur premium lagta hai. Road par chalate waqt log automatically notice karte hain, jo ek alag hi confidence deta hai. Ab tak ka riding experience kaafi acha raha hai. Bullet 350 chalane ka feel alag hi hota hai, especially jab aap highway par ride karte ho. Engine ka power smooth hai aur bike stable rehti hai even high speed par bhi. Haan, main definitely Royal Enfield Bullet 350 recommend karunga, lekin yeh depend karta hai ki aap kis type ki riding pasand karte ho. Agar aapko classic look, strong road presence aur relaxed riding experience chahiye, to yeh bike perfect hai.Read More14 9