Royal Enfield is a leading name in India for cruiser and heavy-engine motorcycles. One of the company’s most popular and best-selling motorcycles is the Royal Enfield Classic 350, known for its robust build quality, powerful engine, and retro design. The Heritage Premium variant of this bike is its top-of-the-line model, particularly appreciated for its premium features and stunning looks.
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Royal Enfield Classic 350 Heritage Premium Price
The ex-showroom price of the Royal Enfield Classic 350 Heritage Premium in Delhi is ₹204,000. Including registration, insurance, and other charges, the on-road price reaches approximately ₹232,440. This bike is the most premium variant in the Classic series, specifically designed for riders who want both power and style.
Bring home the Royal Enfield Classic 350 for ₹25,000
If you want to buy this bike but are struggling to afford the lump sum, the company’s Smart Finance Plan could be a great option. Under this plan, you can park this amazing bike in your garage with a down payment of just ₹25,000.
Finance Plan and Loan Details
According to online bike loan calculators, if you purchase the Royal Enfield Classic 350 Heritage Premium, the bank will provide a loan of approximately ₹207,440 based on your down payment amount. An annual interest rate of 7.9 percent will apply. This loan will be offered for a period of 3 years, or 36 months, so you won’t have to pay the entire amount up front.
Down Payment and EMI Plan
Under this finance scheme, you will need to make a down payment of ₹25,000. After that, you will need to pay an EMI of ₹6,491 per month for 3 years, as per the terms and conditions set by the bank. This makes this bike easy to purchase without much financial stress.
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Essential Requirements and CIBIL Score
It’s important to note that banks consider your CIBIL score and banking history for loan approval. If your CIBIL score is low or you have any negative reports on your banking records, the bank may change the interest rates or loan amount. Therefore, ensure your CIBIL score is good before applying for a loan.