Royal Enfield EMI calculator

Owning a Royal Enfield is more than just buying a regular bike, it is fulfilling a dream of power, style, and adventure on Indian roads. With IDFC FIRST Bank’s Royal Enfield EMI calculator, you can easily plan your purchase by estimating your monthly instalments, down payment, and total cost, all in a matter of seconds. Whether you are eyeing a Classic, Bullet, Meteor or any other premium models, the calculator helps you customise loan details as per your budget, making your dream ride financially stress-free and within reach.

How to use the Royal Enfield EMI calculator?

Using the IDFC FIRST Bank Royal Enfield EMI calculator is easy and hassle-free. Follow the steps mentioned below to easily determine your EMIs:

• Enter the on-road cost of the Royal Enfield model you prefer

• Fill in the down payment you are planning to pay upfront/p>

• Adjust the slider to fill in the suitable loan tenure

• Enter the interest rate by adjusting the slider

Once you fill in these details, the calculator will automatically display the proposed Royal Enfield EMI cost. This enables you to preplan your monthly expenses when you apply for the loan.

Understanding the downpayment for a Royal Enfield two-wheeler

When you purchase a Royal Enfield bike like the Bullet through an IDFC FIRST Bank two-wheeler loan, you need to make a down payment. This is the upfront amount you give at the time of purchase, and the remaining sum is adjusted as EMIs. With IDFC FIRST Bank funding 95% of the on-road price of the bike, the bullet down payment is kept within reach, so you don't have to sacrifice your savings.

Example of downpayment & EMI for a Royal Enfield two-wheeler

Suppose the on-road price of your Royal Enfield Bullet is ₹2,00,000. If IDFC FIRST Bank offers financing of up to 95% of the bike’s value, your loan amount will be ₹1,90,000. Thus, your bullet down payment would be merely ₹10,000. The EMI (Equated Monthly Instalment) based on the chosen tenure can be computed by using bike loan EMI calculator. For instance, if your tenure is 36 months (3 years), and the rate of interest offered is 15.99% per annum, your EMI will be around ₹6,679 per month. Here is the table depicting the loan details.

The IDFC FIRST Bank Royal Enfield EMI calculator will assist you in calculating the precise monthly repayment.

Key specifications & features of the Royal Enfield two-wheeler

Royal Enfield bikes are famous for their retro looks, strong engines, and classic style. Whether you are planning for the Classic 350, Bullet, Meteor, or Himalayan, the bikes feature:

• Rigid construction and smooth riding experience for city and long-distance commutes.

• Advanced engine technology that offers power, road presence, and efficiency.

• Variety of models and colours to choose from that suit your style.

• Respected brand heritage combined with a high resale value.

IDFC FIRST Bank's Bullet EMI calculator will help you select a repayment scheme that fits your pocket while you indulge in all the features of your ideal bike.

IDFC FIRST Bank’s two-wheeler loan for purchase of Royal Enfield

IDFC FIRST Bank provides a personalised two-wheeler loan to make your purchase of Royal Enfield easy and affordable.

• The loan is available with competitive two-wheeler loan interest rates starting at just 15.99% per annum.

• You can choose a flexible repayment tenure between 6 to 60 months. The loan facilitates financing up to 95% of the on-road price of the bike.

• You enjoy instant digital approval and fast processing.

• No guarantor needed for an applicant above the age of 21, and you can apply online or through IDFC FIRST Bank partner dealer outlets. However, applicants in the age bracket of 18 to 21 years will require a co-applicant.

• The documentation required is very minimal, i.e., your KYC documents like Aadhaar, passport, voter ID, or driving license, along with a passport photo and a properly filled loan application form.

This makes your Royal Enfield EMI experience easy, transparent, and without any hassle.