2020 Yamaha MT 03 Loan

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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

2020 Yamaha MT - 03 LoanThe 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 loan 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:

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

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
2020 Yamaha MT - 03 Loan silver 2020 Yamaha MT - 03 Loan black

2020 Yamaha MT 03 Loan FAQ

What is Zero Down payment Bike Loan?

Zero down payment bike 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).

 

 

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