Hero Splendor EMI Calculator

The Hero Splendor EMI calculator tool from IDFC FIRST Bank makes planning your bike purchase simple and stress-free. By entering details such as the loan amount, interest rate, and tenure, you can instantly know your expected EMI amount. This easy-to-use tool helps you compare repayment options, manage your budget better, and avoid surprises before applying. With quick results and accurate calculations, it ensures complete financial clarity, making your journey to own a Hero Splendor smooth and well-planned.

How to use the Splendor EMI calculator?

IDFC FIRST Bank's Splendor EMI calculator enables you to calculate your monthly instalments speedily and accurately. Here is what you need to do for using the calculator:

• Enter the loan amount (On-road price of the Hero Splendor)

• Enter the down payment amount that you are planning to pay upfront

• Select the interest rate that is applicable to you by adjusting the slider

• Fill in the repayment period that suits you

The bike loan EMI calculator will automatically show you the EMI payable by you each month. This enables you to budget well and select a repayment plan that works best for you.

Understanding the down payment of the Hero Splendor

The down payment is the amount you pay upfront while buying the bike. IDFC FIRST Bank offers up to 95% of the on-road price of the Splendor bike, and this means you will only need to pay 5% of purchase price from your pocket. The down payment amount is based on the variant of the bike and the on-road price in your locality.

Example of down payment & EMI for the Hero Splendor

For instance, if the market price of Hero Splendor Plus is ₹80,000, IDFC FIRST Bank can lend you a maximum of ₹76,000 (95% of price). So, your down payment would be approximately ₹4,000. With a loan period of 36 months and an interest rate of 18.99%* (For commuter bikes), your EMI would be approximately ₹2,785 per month. IDFC FIRST Bank's Splendor EMI calculator allows you to personalise these inputs to see various EMI alternatives. Here is the table summarising your loan details.

Key features & specifications of the Hero Splendor

Hero Splendor is among India's most reliable and mileage-bred commuter bikes. It is made for daily commute with great mileage, long-lasting build, and low maintenance. Depending on the model, you receive features like i3S technology for mileage, efficient engine performance, and comfortable seating for long-distance commuting. These features make the Splendor an affordable and desirable option for first-time buyers as well as daily commuters, and IDFC FIRST Bank simplifies purchasing your dream bike.

Two-wheeler loans from IDFC Bank to buy the Hero Splendor

IDFC FIRST Bank simplifies buying the Hero Splendor and makes it affordable through its two-wheeler loans.

• IDFC FIRST Bank provides competitive interest rates of 18.99%* for commuter bikes like the Hero Splendor.

• Customers have the option to avail flexible repayment terms of 6 to 60 months.

• Instant digital disbursal is offered, which is a fast and convenient process.

• Basic KYC documents like an Aadhaar card, passport, voter ID, or driving license are needed to be submitted by the applicants. Passport-sized photo and a loan application form duly filled are also required.

• For applicants above the age of 21 years, no guarantor is required during loan application. However, applicants between 18 to 21 years need a co-applicant.

• Customers can apply easily online or approach one of IDFC FIRST Bank's partner showrooms to process it hassle-free.