2020 Yamaha MT 03 Loan Features
| Ex-Showroom Price | ₹3,00,000 |
| Interest Rate | 11.83% per annum |
| Minimum Loan Amount | Rs. 10,000 |
| Maximum Loan Amount | Loan up to 90% of On Road Price or 100% of Ex-Showroom Price |
| Loan Tenure | 1 yr to 4 yrs |
| Lowest EMI/Lac | Rs.2,625 |
| Minimum Net Monthly Income | Salaried: Rs.7,000, Self-Employed: Rs. 6,000 |
| Age Criteria | 21 years to 65 years(at loan maturity) |
| Processing Fee | Up to 3% of the loan amount |
| Foreclosure Charges | 3%-10% Based on the time of foreclosure(Not allowed during the first 3 months) |
Advantages Of Loan For 2020 Yamaha MT 03
The profits of Yamaha MT 03 are the following :
- Easy, fast, and hassle-free process
- Quick Disbursal of Loan Amount
- Attractive Rate of Interests
- Easy and flexible repayment and prepayment policies.
- No public transport hassles – You can forget about starting your day with long queues to catch a bus, metro, local train, or auto rickshaw. Drive as and when you please without such hassles.
- No strain on personal funds – Buying a two-wheeler is a substantial investment. Instead of draining your funds all together, you can take a loan and payback in easy Equal Monthly Instalments over a comfortable tenure.
- Zero down payment – Get finance for up to 100% of the cost of your desired two-wheeler up to a maximum of Rs. 1.5 lakhs.
2020 Yamaha MT 03 Loan EMI Calculator
You can use Dialabank’s EMI Calculator to estimate the EMI of your loan.
2020 Yamaha MT 03 Bike Loan Interest Rate and Charges
| Interest Rate | 11.83% Per Annum |
| Processing Fee | Up to 3% of the Loan Amount |
| Foreclosure Charges | 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months) |
| Pre-payment charges | Within 4 to 6 months – 10% of principal outstanding Within 7 to 12 months – 6% of principal outstanding 13-24 months – 5% of principal outstanding Post 24 months – 3% of principal outstanding |
2020 Yamaha MT 03 Finance Scheme and Offers
You can receive the bike loan online on a new as well as on an old 2020 Yamaha MT 03 bike. The interest price for the new 2020 Yamaha MT 03 bike is 11.83% per annum.
No down payment 2020 Yamaha MT 03 loan is also accessible wherein the lender will be financing the entire cost of the 2020 Yamaha MT 03, not wanting you to pay anything upfront.
Dialabank gives 100% of the cost of the two-wheeler up to a maximum of Rs. 1.5 lakhs.
2020 Yamaha MT 03 Loan Process
Getting the Yamaha MT 03 by a simplistic method mentioned below:
- Begin the process by filling a simple application on Dialabank’s official website.
- Assemble all the necessary documents required for the loan approval.
- Authenticate the required documents with Dialabank’s representative.
- Select the EMI amount from the various options available according to your comfort and follow up with the interest rate as well.
- Following all the documentation and verification get your loan approval in the quickest.
Contact Dialabank on 9878981166 for interesting offers on loan.
2020 Yamaha MT 03 Loan Documents Required
For Salaried Individuals:
some of the two-wheeler loan documents are :
Category |
Documents Required |
| Identity Proof(Any 1) | Driving Licence Voter ID Passport Aadhaar Card |
| Address Proof(Any 1) | Driving Licence Voter ID Passport Aadhaar Card |
| Compulsory Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
For Self-Employed Individuals:
Category |
Documents Required |
| Identity Proof(Any 1) | Driving License Voter ID Passport Aadhaar Card |
| Address Proof(Any 1) | Driving Licence Voter ID Passport Aadhaar Card |
| Compulsory Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
2020 Yamaha MT 03 Loan Eligibility
The two wheeler loan eligibility are:
| Age | 21 Years – 65 Years |
| Income | Rs.7,000 PM (For Salaried Individuals) Rs.6,000 PM (For Self-employed Individuals) |
| CIBIL Score | Varies according to Bank’s criteria |
About 2020 Yamaha MT 03
Yamaha is supposed to launch the 2020 MT 03 in India at the forthcoming Auto Expo along with the all-new R3. When unveiled, the 2020 Yamaha MT 03 was thought to be priced in range of Rs 3.3 lakh to 3.5 lakh. At this rate, it will go up toward the likes of the BMW G 310 R, KTM 390 Duke, and the Honda CB300R.
Yamaha has eventually taken the wraps off the 2020 MT 03. The sports exposed gets a sharp and jagged design. It also packs a new LED headlamp setup reminiscent of the MT-15. Other updates are LED turn indicators, an improved LCD display, and new fuel tank extension that gets more extensive air intakes.
2020 Yamaha MT 03 Loan Specifications
| Ex-Showroom Price | Rs.3,00,000 |
| Engine: | 321 CC |
| Emission Type: | BS6 |
| No Of Cylinders: | 2 |
| Max Torque: | 29.6 Nm @ 9000 rpm |
| Power: | 41.4 PS @ 10750 rpm |
| ABS: | Dual-Channel |
| Seat Height: | 779 mm |
| Kerb Weight: | 169 Kg |
2020 Yamaha MT 03 Colors
| Silver | Black |
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2020 Yamaha MT 03 Loan FAQ
✅What is Zero Down payment Bike Loan?
Zero down payment interest rate for car loan lets the bankers to fund the entire payment of the vehicle you want to purchase, not asking you to pay anything upfront.
✅What are the EMI Options Available on Two Wheeler Loan?
Avail easy customized EMI plan :
- Standard EMI plan – wherein the bike EMI value remains fixed monthly. This plan is suitable for those with a fixed monthly income which is unlikely to change in the future.
- Flexi or Structured EMI plan – wherein the two-wheeler loan EMI can be customised – generally, the EMI starts out low and gradually increases in the latter half of the tenure. This plan is ideal for them who expect a rise in income in the future.
✅ How much processing fee charge for getting a 2020 Yamaha MT 03 Loan?
The processing fee charged for getting a 2020 Yamaha MT 03 Loan is up to 3% of the loan amount (maximum).
