Know Royal Enfield Hunter 350 loan EMI on Rs 18,000 down payment: Details explained – Times of India


Royal Enfield recently launched the Hunter 350 in the Indian market as its most accessible and most affordable motorcycle based on the new J-platform. The Hunter 350 makes use of the same 349 cc single-cylinder engine as the Classic 350 and Meteor 350, but is lighter and more agile than its siblings.
Are you planning on purchasing the new Royal Enfield Hunter 350 and wondering if it fits your budget, and how much EMI you would have to shell out for it? Here’s a table showing the on-road (Delhi) price of the motorcycle, and the lowest monthly instalment (EMI) you would have to pay for it, keeping in mind an average loan period and down payment amount –

Variant On-road price
(Delhi)
Interest rate
(estimated)
Tenure Down payment EMI
Retro
(Factory Silver,
Factory Black)
Rs 1,82,082 10% 3 years Rs 18,000 Rs 5,294
Metro
(Dapper Grey,
Dapper Ash,
Dapper White)
Rs 1,97,422 10% 3 years Rs 19,000 Rs 5,757
Metro Rebel
(Rebel Red,
Rebel Black,
Rebel Blue)
Rs 2,00,072 10% 3 years Rs 20,000 Rs 5,810

In a bid to make it simpler, we have decided to take an average tenure period of 3 years as standard, along with approximately 10% down payment amount, as well as an estimated 10% bank interest rate. It should be noted that the motorcycle buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Also, you can choose to pay a higher or a lower down payment, which will decrease or increase EMI amount respectively.
As of now, Royal Enfield offers the Hunter 350 in India in three variants, namely Retro, Metro, and Metro Rebel. Pricing for the Hunter 350 Metro starts from Rs 1.50 lakh, going all the way up to Rs 1.66 lakh (both prices, ex-showroom Delhi) for the top-end Metro Rebel version.
However, the on-road (Delhi) price of the Hunter 350 ranges between Rs 1.82 lakh and Rs 2 lakh. Let’s suppose you decide on purchasing the new RE motorcycle with the Rebel Red paint scheme. Upon making a down payment of Rs 20,000, you would be entitled to pay an EMI of Rs 5,810 for a period of 3 years (36 months) at a 10% rate of interest.
All added, you would have paid a total of Rs 2,29,160, including the Rs 20,000 one-time down payment made at the time of the purchase, apart from accessories of course. The interest amount that you pay over and above would be around Rs 29,088, incurred against a loan of Rs 1,80,072.
Let us know in the comments down below if you would like to know the loan EMI for any other car or bike of your choice.





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