Royal Enfield Bullet: If you’ve ever dreamed of owning a Royal Enfield Bullet but thought it was out of your budget, this article is for you. We’ll show you how you can ride home with your very own Bullet for as little as ₹5,493 per month through an easy EMI plan. Let’s break it down in simple terms.
Why Choose a Royal Enfield Bullet?
The Royal Enfield Bullet isn’t just a bike; it’s a statement. Here’s why it’s worth considering:
- Powerful Engine: With a 346cc or 411cc engine, it’s perfect for long rides and city commutes alike.
- Iconic Look: Its classic design and sturdy build make it stand out in a crowd.
- Durability: These bikes are built to last. With proper care, they can run smoothly for years.
- Great Resale Value: If you ever decide to sell it, you’ll get a good price thanks to its strong brand value.
Popular Models and Their Prices
Here’s a quick look at some of the most popular Royal Enfield Bullet models and their prices (as of 2024):
| Model Name | Engine (CC) | Mileage (KMPL) | Ex-Showroom Price (₹) |
|---|---|---|---|
| Bullet 350 | 346 | 37 | 1,73,562 |
| Classic 350 | 349 | 35 | 1,93,080 |
| Meteor 350 | 349 | 41 | 2,05,844 |
| Hunter 350 | 349 | 36 | 1,49,900 |
| Bullet 500 | 499 | 30 | 2,15,000 |
Note: Prices may vary depending on your city and dealership.
How to Get a Bullet for Just ₹5,493 EMI
Its ok not to pay full amount at once, If that happen not worry. There are many banks and finance companies which provide easy EMI plans to buy your dream bike. This is how it works:
- Down Payment: You pay a portion of the bike’s price upfront (e.g., ₹50,000).
- Loan Amount: The remaining amount is covered by a loan from a bank or finance company.
- Interest Rate: Interest rates typically range between 6% to 12%.
- EMI Tenure: You can choose a repayment period ranging from 12 months to 5 years.
Example EMI Calculation
Let’s say you want to buy the Bullet 350, priced at ₹1,73,562. Here’s how your EMI could look:
| Down Payment (₹) | Loan Amount (₹) | Interest Rate (%) | Tenure (Months) | Monthly EMI (₹) |
|---|---|---|---|---|
| 50,000 | 1,23,562 | 9% | 36 | 5,493 |
| 75,000 | 98,562 | 8.5% | 48 | 3,299 |
| 1,00,000 | 73,562 | 7.5% | 60 | 2,589 |
With a ₹50,000 down payment, your EMI could be as low as ₹5,493 per month.
Documents You’ll Need
To apply for a loan, you’ll need the following documents:
- ID Proof: Aadhaar Card, PAN Card, or Driving License.
- Address Proof: Electricity bill, Ration Card, or Bank Statement.
- Income Proof: Salary slips, Bank Statements, or ITR (Income Tax Return).
- Passport-sized Photos.
Where to Get a Loan?
Several banks and financial institutions offer loans for Royal Enfield bikes. Some popular options include:
- State Bank of India (SBI)
- HDFC Bank
- ICICI Bank
- Axis Bank
- Bajaj Finserv
- Tata Capital
Compare interest rates and terms from different lenders to find the best deal.
Tips to Get the Best EMI Deal
Here are some tips to help you secure a low EMI:
- Improve Your Credit Score: A CIBIL score of 750+ can help you get a lower interest rate.
- Look for Offers: Banks and dealerships often offer discounts during festive seasons.
- Increase Your Down Payment: A higher down payment means a lower EMI.
- Compare Interest Rates: Check rates from multiple lenders to find the most affordable option.
Is an EMI Plan Right for You?
If you manage monthly expenses and EMI is a walk in the park for you, Bullet financing is a good deal to take. Finally, make sure to:
- Assess your monthly income and expenses.
- Ensure you can handle the EMI without financial stress.
- Understand the interest rates and loan terms before committing.
Apart from being a Royal Enfield Bullet, one thing that this bike symbolises is power, elegance and adventure. If one used to dream in ‘ones’ and then they now have an EMI plan, it will turn their dream into a reality. A Bullet can be yours, definitely fewer than a lakh per month on EMI with the right down payment, interest rate and loan tenure.
