Royal Enfield Classic 350 EMI Calculator
Royal Enfield Classic 350 EMI starts at Rs 6,168 per month for a tenure of 36 months @6 for a loan amount of Rs 2,03,164. 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 Classic 350. (Calculated on On Road Price in Delhi)
Royal Enfield Classic 350 Down Payment and EMI
Classic 350 Variants | Loan @ 6%. | Down payment | EMI (36 months) |
---|---|---|---|
Heritage Premium | 2,09,196 | Rs. 23,244 | Rs. 6,372 |
Heritage | 2,04,754 | Rs. 22,751 | Rs. 6,221 |
Halcyon | 2,05,954 | Rs. 22,884 | Rs. 6,262 |
Redditch | 2,03,164 | Rs. 22,574 | Rs. 6,168 |
Chrome | 2,34,296 | Rs. 26,033 | Rs. 7,129 |
Dark | 2,30,595 | Rs. 25,622 | Rs. 7,004 |
Signals | 2,23,580 | Rs. 24,842 | Rs. 6,797 |
Calculate your Loan EMI for Classic 350
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Classic 350 EMI FAQs
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 Royal Enfield Classic 350 includes the RTO and insurance charges.
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 Royal Enfield Classic 350 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. ₹2,02,738/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 202738 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 6,168/-
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.
The interest rate for Royal Enfield Classic 350 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.
EMI for Royal Enfield Classic 350 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.
Royal Enfield Classic 350 User Reviews
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Quite on the good side but it surely has lost its bassy and thumping sound effect with this new engine and exhaust. Read More
Was this review helpful?YesNo - Like it this bike
Good nice looking all time favourite bike good setting and nice travel speed racing to travel place thanks Read More
Was this review helpful?YesNo - Very nice looking bike and riding is very nice
Amezing ride bike and fetures are very amezing i lije this bike and riding is a special one .i love this bike Read More
Was this review helpful?YesNo - About dark bullet look.
We really like the features it's very stylish and looking, it's sheat is very comfortable. Dark black is little big costly but it's look is very cool. So if you look for heavy.....Read More
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The Royal Enfield Bullet Classic 350 stands out with its vintage charm and solid performance. Its iconic retro design includes a round headlamp, teardrop fuel tank, and spoked.....Read More
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Royal Enfield Classic 350 News
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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.