Learn how to fund your next Royal Enfield bike purchase
Royal Enfield bikes feature on almost everyone’s wish list with their excellent ergonomics and powerful engines. However, the one aspect that deters potential buyers can be the price. Opting for bike finance with Royal Enfield can help you purchase your dream bike without depleting your savings. Let’s understand this financing option in further detail.
You can borrow up to 95% of the chosen bike’s on-road price with the help of this finance option. You will be required to make a down payment of a minimum of 5% of the value.
The following table consists of the down payment, loan amount, and the on-road price (Delhi) of specific bike models:
Royal Enfield Model |
On-Road Price (Delhi) |
Max. Loan Amount & |
Bullet 350 |
₹1,99,055 |
|
Hunter 350 |
₹1,66,164 |
|
Classic 350 |
₹2,14,028 |
|
Meteor 350 |
₹2,31,441 |
|
Himalayan 450 |
₹3,12,579 |
|
Interceptor 650 |
₹3,49,833 |
|
Scram 411 |
₹2,43,982 |
|
Super Meteor 650 |
₹4,13,272 |
|
Continental GT 650 |
₹3,67,364 |
|
*Disclaimer: Aforementioned details are subject to change as per the policies of dealerships. Check the official website before making any financial decision.
Borrow up to 95% of the bike’s on-road value with the help of this facility
Make a minimum down payment of just 5% of the bike’s on-road price
Submit your basic personal, address, and income proofs to borrow the required amount
Extended warranty, accessories, apparel, and merchandise costs can also be funded with the help of this option
Repay the loan over flexible tenures ranging up to 6 years
When you apply for this finance option, you are provided with offers from leading NBFCs and banks that have a tie-up with Royal Enfield dealerships. These include:
Axis Bank
L&T Financial Services
HDFC Bank
Cholamandalam Finance
IDFC FIRST Bank
Tata Capital
Hinduja Leyland Finance
Kotak Mahindra Prime
AU Small Finance Bank
Induslnd Bank
To know more about the available offers and any other details, you can contact the nearest Royal Enfield dealership.
You can apply for this option before and after purchasing the two-wheeler. To check the loan offers available before you buy the bike, follow these steps:
Visit the official website: https://www.royalenfield.com/in/en/home/
Navigate to the ‘Motorcycles’ tab
Click on the ‘Finance’ option that appears on the left
Scroll to the bottom of the page
Here enter your name, e-mail ID, pin code, and phone number
Read and agree to the terms and conditions, then click on ‘Submit’
Following this, a representative will reach out to you for further proceedings.
If you have already booked a bike, follow these steps to check which loan scheme you are eligible for:
Go to the official website: https://www.royalenfield.com/in/en/home/
Click on the ‘Motorcycles’ tab
Navigate to the ‘Finance’ option
Click on the ‘Booked your Motorcycle? Apply Finance’ option
Enter your booking ID or mobile number and click on ‘Submit’
After this, an executive will contact you to further process your application.
The automotive firm has tie-ups with multiple lenders in India, through which it offers financing options to its customers.
Yes, you can finance your bike purchase on EMI. It will be determined on the basis of the loan amount and down payment.
Yes. Having an account on the website can streamline the process. For this, follow these simple steps:
Visit the official website and click on the ‘Login’ option displayed on the top right
If you already have an account simply enter your login credentials
If not, click on the ‘Create an account’ option and enter your basic information as requested
You can also log in by using your Google or Facebook account.
You will be required to pay at least 5% of the bike’s on-road price as a down payment with this facility.