Mahindra Centuro Loan

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Mahindra Centuro Loan Features

Ex-Showroom Price Rs. 54000
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 Downpayment Option Available Yes

Advantages of Loan for Mahindra Centuro

Mahindra Centuro Loan

  • 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.

Loan For Mahindra Centuro EMI Calculator

Use Dialabank’s EMI Calculator to calculate the EMI of your loan.

Mahindra Centuro 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)

Mahindra Centuro Finance Scheme and Offers

You can get the loan on new as well as on used BMW K1600 B bike. The interest rate for the new BMW K1600 B bike is 11.83% per annum.

Zero down payment bike loan also available which is a loan wherein the lender will finance the entire cost of the two-wheeler you wish to purchase, not requiring you to pay anything upfront.

Dialabank offers 100% of the value of the two-wheeler up to a maximum of Rs. 1.5 lakhs.

Mahindra Centuro Loan Process

Availing the loan for buying your dream Royal Enfield Bullet 500 follows a simple process 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 exciting offers on loan.

Mahindra Centuro Loan Documents Required

For Salaried Individuals:

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

Mahindra Centuro 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 Mahindra Centuro 

The Mahindra Centuro is one of the most feature-laden motorcycles in its segment. Mahindra has given the bike a typical premium commuter styling but with a distinct ‘Golden Ribs’  design element below the tank section.

You also get brushed metal finish in the plastic panels on the sides and on the flyscreen for added premiums. The headlamp is halogen while the tail light is LED.

Other notable features include 96-bit encrypted remote flip key, Find-Me lamps and a guide lamp which stays on for a while even after the ignition is switched off.

Mahindra Centuro Specifications

Ex-Showroom Price Rs. 54000
Mileage (ARAI) 85.4 kmpl
Displacement 106.7 cc
Engine Type Single Cylinder, 4-Stroke, MCi-5 Engine
No. of Cylinders 1
Max Power 8.5 PS @ 7500 rpm
Max Torque 8.5 Nm @ 5500 rpm
Front Brake Disc
Rear Brake Drum
Fuel Capacity 12.7 L

Mahindra Centuro Colours

Silver Black Red
Mahindra Centuro Loan silver Mahendra Centuro Loan Black Mahendra Centuro Loan red

Mahindra Centuro Loan FAQ

✅What are the EMI Options Available on Two Wheeler Loan?

To help you pay your bike loan EMI with ease, the following repayment plans are available –

  • Standard EMI plan – wherein the bike EMI value remains unchanged month after month. 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. 

✅Two Wheeler Loan Interest Rates and Charges

The most basic charge applicable on a two-wheeler loan is that of the interest. The rate at which the interest is charged on the principal amount of the bike loan for a specified tenure is known as the bike loan interest rate. This rate is expressed as a percentage.

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