Planning To Buy The Hero Glamour X 125? Here’s How Much You Need To Earn

Hero MotoCorp has launched the new Glamour X 125 in India at Rs 89,999 (drum) and Rs 99,999 (disc) both ex-showroom Delhi. We’d recommend getting the disc variant as it comes with cruise control, ride-by-wire throttle, 3 riding modes over the drum variant for a fair premium. But can you actually afford one with your current monthly salary?

BikeDekho Says

Even with a salary of Rs 15,000 per month, the Hero Glamour X 125 you should be able to buy the Glamour on loan. Those with Rs 20,000 per month can own it stress-free, while riders earning Rs 25,000 per month can pay back the loan more quickly. Here’s how we arrived at the conclusion:

Loan Assumptions

• On-road price in Delhi for the Disc variant: Rs 1,10,847

• Down payment (10%): Rs 11,085

• Loan needed: Rs 99,762

• Interest rate: 9% per annum; with a tenure of 3, 4, and 5 years

EMI Formula

EMI = P × R × (1+R)^N / [(1+R)^N – 1]

Where: P = Principal loan, R = Monthly interest (0.0075), N = 60 months

A general rule of thumb when it comes to a new bike purchase is to keep in mind that the EMI should not be more than 15% of your monthly salary.

Rs 15,000 Monthly Income, 5 Years Loan

• Max EMI possible (15% rule): Rs 2,250

• Max Loan possible: Rs 1,08,059

• Actual EMI needed: Rs 2,071

• Total Payment: Rs 1,24,260

• Interest Paid: Rs 24,498

• Extra amount over loan of Rs 99,762: Rs 8,297

You can easily buy the Glamour X 125. With the spare amount, you can easily install the official accessories.

Rs 20,000 Monthly Income, 4 Years Loan

• Max EMI (15% rule): Rs 3,000

• Max Loan possible: Rs 1,20,845

• Actual EMI needed: Rs 2,483

• Total Payment: Rs 1,19,184

• Interest Paid = Rs 19,422

• Extra amount over loan: Rs 21,083

More than enough, with extra money to afford petrol for a year of city riding averaging 1000+km per month.

Rs 25,000 Monthly Income, 3 Years Loan

• Max EMI (15% rule): Rs 3,750

• Max Loan possible: Rs 1,34,766

• Actual EMI needed: Rs 3,172

• Total Payment: Rs 1,14,207

• Interest Paid = Rs 14,445

• Extra amount over loan: 35,004

Enough for this Hero bike, its accessories, a year of petrol and full set of riding gear.

Monthly Income Vs Affordability

Friendly Reminder

Before signing up for a loan, always ensure that you can afford the loan re-payment without straining yourself financially. Also ensure that your main source of income is stable for as long as the term of the loan.