Hero Splendor Plus Bike on EMI: The starting price of Hero Splendor bike is Rs 76 thousand, which you can bring home by paying a down payment of Rs 10 thousand. Let us tell you what is its complete process.
Hero Splendor Plus Bike on EMI: If you are also planning to buy Hero Splendor Plus, but you have a limited budget, then this is a great opportunity for you. Now you can buy this bike on a down payment of only Rs 10 thousand and then take it home by paying a fixed EMI every month. Let us know how much EMI you will have to pay to bring Hero Splendor home and along with it how much interest you will have to pay.
The starting price of Hero Splendor Plus is Rs 76,306. If you buy it in Delhi, you will have to pay Rs 6,104 RTO (Road Transport Office) and Rs 6,169 road tax. With these additional expenses, the on-road price of the bike becomes around Rs 88,579.
Also Read-Â Toll Tax New System: No toll tax for 20 km on the highway, know everything about the new satellite based GNSS system
How can you buy a bike on EMI?
Now let’s talk about EMI, if you bring home Hero Splendor Plus by making a down payment of Rs 10,000, then the remaining amount of Rs 78,579 will have to be taken as a loan. If the annual interest rate on this loan is 10.5 percent, then you will have to pay an EMI of about Rs 2,554 every month for 36 months.
In this way, in total, you will have to pay an EMI of Rs 1,944 against the on-road price of the bike of Rs 88,579. In this three-year period, you will have to pay around Rs 13,365 as interest. For your information, let us tell you that this EMI calculation is an estimated value.
Contact the nearest dealership
The actual EMI amount may depend on the dealership, location and special offers chosen by you. Apart from this, the interest rate on the loan can also affect your CIBIL score. For more accurate information, you can contact your nearest dealership.
Related Articles:-
Bank Locker Rule: RBI’s new guidelines for bank lockers, see here
Hero Destini 125 Vs Honda Activa 125: Which scooter is a better option to buy in the 125 CC segment
