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 Royal Enfield  bike finance 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 for Royal Enfield 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, Royal Enfield loan amount, and the on-road price (Delhi) of specific bike models:

When planning to purchase a Royal Enfield bike with the help of a bike financing option, understanding the monthly repayment obligations is crucial. A Royal Enfield bike loan EMI calculator can simplify this process by giving you an accurate estimate of your Equated Monthly Instalments (EMIs). 

This tool ensures transparency and allows you to make informed financial decisions before committing to the loan.

When you apply for this Royal Enfield finance option, you are provided with offers from leading NBFCs and banks that have a tie-up with Royal Enfield dealerships. These include:

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.

Here are the eligibility criteria you must meet:

• You must be at least 18 years old, with the maximum age limit typically set between 65 and 70 years

• You must be an Indian resident

• A healthy CIBIL score is essential for loan approval

• Salaried individuals should have at least 1 year of continuous employment

• Self-employed individuals must provide income tax returns for a minimum of 2 years

You will also need the following documents to apply for a bike loan:

• Identity Proof

Accepted documents include PAN card, Voter ID, Passport, or Driving Licence

• Address Proof

Utility bills, Passport, or government-issued documents can be submitted

• Income Proof

Documents such as salary slips, income tax returns, bank statements, or audited financial records are required.