Are you planning to purchase the Hero Splendor+ and wondering how much EMI you would have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the bike, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –
|Drum||Rs 85,664||3 years||10%||Rs 9,000||Rs 2,474|
|i3S Drum||Rs 87,140||3 years||10%||Rs 9,000||Rs 2,521|
Black and Accent
|Rs 87,140||3 years||10%||Rs 9,000||Rs 2,521|
Matt Shield Gold
|Rs 88,232||3 years||10%||Rs 9,000||Rs 2,557|
|XTEC i3S Drum||Rs 90,356||3 years||10%||Rs 9,000||Rs 2,625|
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To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment amount, and an estimated 10% bank interest rate. Do note that the 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. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your easy monthly installment (EMI) respectively.
Hero MotoCorp retails the Splendor+ motorcycle in India at a starting price of Rs 71,176 for the entry-level variant, going all the way up to Rs 75,446 (both prices, ex-showroom) for the range-topping XTEC model. However, the on-road (Delhi) price of the Hero bike currently ranges between Rs 85,664 aand Rs 90,356
For example, if you were to purchase the XTEC i3S Drum variant of the Hero Splendor+ (ex-showroom price – Rs 75,446), you would end up paying Rs 2,625 as a monthly installment for a period of 3 years at a 10% ROI, along with one-time down payment of Rs 9,000. All added, you end up paying about Rs 94,500 for the said variant over and above the down payment amount.
Let us know if you’d like to know the loan EMI amount for any other motorcycle, car or scooter of your choice by commenting down below!