Loan For Royal Enfield Classic 500

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Loan For Royal Enfield Classic 500

Loan For Royal Enfield Classic 500 Features 

Ex-Showroom Price  ₹ 2,01,000
Maximum Funding 100% of Ex-Showroom
Interest Rate 11.83%* per annum
Lowest EMI Per Lac ₹ 2,625
Loan Approval Time 30 Minutes
Digital Loan Approval Facility Available Yes
Zero Down payment Option Available Yes

Loan For Royal Enfield Classic 500Advantages of Loan For Royal Enfield Classic 500

  • Simple, fast, and hassle-free manner
  • Quick Disbursal of Loan Expense
  • Engaging Rate of Interests
  • Easy and manageable repayment and prepayment plans.

Apply For Two Wheeler Loan

Loan For Royal Enfield Classic 500 EMI Calculator

Use Dialabank EMI Calculator to determine the EMI of your loan.

Royal Enfield Classic 500 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)

To check Two Wheeler Loan Interest Rate for all major banks you can visit: Two Wheeler Loan Interest Rate

Loan For Royal Enfield Classic 500 Finance Scheme and Offers

The Royal Enfield Classic 500 loan is available on a new and a used bike. The interest rate for the latest Royal Enfield Classic 500 bike is 11.83% per annum. The option of zero down payment for Royal Enfield Classic 500 bike loan also available to the buyers, which is a loan wherein the banker will finance the cost of the two-wheeler Royal Enfield Classic 500 that you wish to purchase, along with zero extra costs. Dialabank offers 100% of the value of the two-wheeler vehicle up to Rs. 1.5 lakhs.

Royal Enfield Classic 500 Loan Process

Availing the loan for purchasing your dream bike follows a simple method mentioned below:

  • Begin the process by supplying a simple application on the Dialabank official website.
  • Assemble all the required documents required for the loan support.
  • Authenticate the needed documents with a Dialabank representative.
  • Select the EMI value from the various options to open according to your support and follow up with the interest rate as well.
  • Following all the documentation and confirmation, get your loan approval in the fastest.

Contact Dialabank on 9878981166 for interesting offers on loan.

Royal Enfield Classic 500 Loan Documents Required

For Salaried Individuals:

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Compulsory Documents PAN Card
Bank Statement Bank statement of last 3 months

For Self-Employed Individuals:

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Required Documents PAN Card
Bank Statement Bank statement of last 3 months

Click here to know more about Two Wheeler Loan Documents Required

Loan For Royal Enfield Classic 500 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

Click here to know more about Two Wheeler Loan Eligibility 

About Royal Enfield Classic 500

The bike options a matte black combination with brass highlights on the bodywork. It conjointly gets brass-finished rims Associate in Nursingd an ‘End of Build’ serial numbered plaque on the aspect panel. For superior comfort, the bike comes with a thick itinerant seat as customary. It continues to be hopped-up by constant 499cc single-cylinder cool, fuel-injected motor, that generates twenty seven.5PS at 5250rpm and forty one.3Nm at 4000rpm. Brakes embrace a 280mm front and a 240mm rear disc with dual-channel ABS as customary.

Royal Enfield Classic 500 Specifications

Ex-Showroom Price  ₹ 2,01,000
Mileage 32 Kmpl
Power 27.57 PS @ 5250 rpm
Displacement 499 cc
Max Torque 41.3 Nm @ 4000 rpm
Fuel Capacity 12.5 Liters
Self Start yes
Rear Brake Disc
Number of Cylinders  1
Tyre Type Tubeless

Colours Available For Royal Enfield Classic 500

Black Red White  
Loan For Royal Enfield Classic 500 Colour Model Loan For Royal Enfield Classic 500 Colour Model Loan For Royal Enfield Classic 500 Colour Model

Loan For Royal Enfield Classic 500 FAQs

What is the interest rate for getting a Royal Enfield Classic 500 Loan?

The interest rate for preparing a Royal Enfield Classic 500 Loan is 11.83% per annum.

How to calculate EMI for a loan for Royal Enfield Classic 500?

To determine EMI for Royal Enfield Classic 500 Loan, you can use the EMI Calculator

What is the minimum loan amount I can avail of for Royal Enfield Classic 500?

The minimum loan sum you can avail of for Royal Enfield Classic 500 is Rs. 10,000.

Can I get a 100% loan of the Ex-Showroom Price for Royal Enfield Classic 500?

Yes, you can get a 100% advance of the Ex-Showroom Price for Royal Enfield Classic 500.

How much processing fee charge for getting a Royal Enfield Classic 500 Loan?

The processing fee imposed for getting a Royal Enfield Classic 500 Loan is up to 3% of the loan value(maximum).

What is the loan tenure for availing of a Royal Enfield Classic 500 Loan?

The loan tenure for availing of a Royal Enfield Classic 500 Loan is up to 4 years.

How can I be eligible for the availing of a Royal Enfield Classic 500 Loan?

You can be eligible for availing of a loan for Royal Enfield Classic 500 if you are between 21 to 65 years, Indian, and least monthly income of Rs. 7,000(For Salaried) and Rs. 6,000(For Self-Employed).

What are the documents required for getting a Royal Enfield Classic 500 Loan?

The documents required for getting a Royal Enfield Classic 500 Loan are a driving license, PAN Card, Voter ID, passport, Aadhar card, bank statement of the last 3 months, and salary slips of the last 3 months.

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