Can I Buy Bike On Bajaj EMI?

Which bank is best for bike loan?

Compare Bike Loan Interest RateBankTwo Wheeler Loan Interest Rates*Lowest EMI per Rs.

Ten Thousand for Max TenureHDFC Bank14.03%₹ 273 for 4 yearsPNB10.70%₹ 216 for 5 yearsBajaj Auto Finance11.60%₹ 330 for 3 yearsIndusInd Bank12.00%₹ 332 for 3 years11 more rows.

Which bank is best for 2 wheeler loan?

Two wheeler Loan Interest Rates 2020BankLowest Interest RateProcessing feeUnion Bank of India10.30% p.a.0.50% of the loan amountCanara Bank10.45% p.a.Rs.1,000 to Rs.5,000L&T Finance10.75% p.a.At L&T discretionState Bank of India (SBI)16.45% p.aAt SBI discretion8 more rows•Aug 28, 2020

Is it good to buy bike on EMI?

Advantages of Taking a Bike Loan on EMI Repayment tenure can extend up to five years which results in lower EMIs every month. … You can use the bike loan calculator to calculate the rate of interest and conveniently choose EMIs you can afford every month.

What is no EMI cost?

No Cost EMI is an offer by which you pay your EMI provider only the product price, equally divided over your repayment timeline. For example, if you buy a Rs. 18,000 item at a 6 month tenure, you will pay your EMI provider Rs. 3,000 every month for 6 months, amounting to a total of Rs.

How is EMI calculated for bike?

Mathematically, EMI 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.

What is the EMI for bike loan?

How does Two-Wheeler Loan EMI Calculator work?Loan amount (Rs.)Interest rate (Mean)EMI for 4 years (Rs.)50,00011.10%1,2951 Lakh11.10%2,5892 Lakh11.10%5,1793 Lakh11.10%7,7681 more row•Aug 28, 2020

Can we purchase bike on Bajaj EMI card?

No, you cannot buy a bike with a Bajaj Finserv EMI Network Card.

Can I buy bike on no cost EMI?

The Bajaj Finance No Cost EMI can be availed using the Bajaj Finserv EMI Network card. The option of no cost EMI on Bajaj Finserv EMI Network cards makes use of a pre-approved loan to purchase high-value products and prevents you paying excess on your purchase.

How can I buy a bike on EMI?

How to buy a bike on instalment?Check eligibility. If you already have a bike model in mind, then you need to start by checking if you are eligible for a Two-Wheeler Loan. … Calculate EMI. The next step is to calculate the EMI or the equated monthly instalments. … Apply for loan. Now you are all set.

Can we buy second hand bike on EMI?

On the payment front, one can buy any bike by availing an EMI plan. … Buying a second-hand bike has many advantages. Used bikes are usually sold post service, so by buying a used bike at CredR, customers can avoid spending extra money on bike service.

What are the hidden charges in no cost EMI?

Under the three-month EMI plan, the interest rate charged is 15 per cent and you would have to pay an interest amount of Rs 2,250….’No-cost EMI’ offers on the online retailers.Cost of Mobile PhoneRs 15,000Total amount to be paid by youRs 15,0003 more rows•Aug 6, 2020

What is the maximum tenure for bike loan?

5 yearsWe finance up to 95% of the cost We will finance up to 95% of the cost of your new motorcycle or scooter. Just pay 5% of the cost upfront and you can get a loan with tenure of up to 5 years.