✓ Attractive Interest Rates ✓ Repayment Tenure of up to 3 Years ✓ Smooth Online Process  Apply Now

In India, regardless of the terrain, if there is one bike that can provide a comfortable ride, it has to be the Royal Enfield. With impressive low and high-end torque, excellent seating position and fierce engines, Royal Enfield bikes feature on almost everyone’s wish list. However, the one aspect that deters potential buyers is the price tag. The cost of an RE motorcycle ranges from ₹1.5 Lakhs (Bullet 350) to ₹3.5 Lakhs (Continental GT 650); hence, these aren’t the easiest bikes to own. That said, opting for Royal Enfield finance in the form of a bike loan will help you purchase your dream bike without depleting your savings. This way, you can buy your favourite bike and pay for it in easy monthly instalments.

List of Royal Enfield bikes

The different types of Royal Enfield bikes are mentioned below, along with their approximate EMIs currently available on the market. The repayment period (tenure) is taken as 36 months. The most affordable model is the Royal Enfield Bullet 350 and the most expensive is the Interceptor 650.

Royal Enfield Model

EMI (Tenure - 36 Months)

Royal Enfield Bullet 350


Royal Enfield Hunter 350


Royal Enfield Classic 350


Royal Enfield Meteor


Royal Enfield Himalayan


Royal Enfield Interceptor 650


* Figures have been taken from Royal Enfield’s website, which offers 90% funding of on-road price with an IRR of 14.5%. Actual numbers may vary.

Eligibility for Royal Enfield Bike Finance

Before applying for the Royal Enfield bike loan, it is wise to check the bike loan eligibility criteria and ensure that you meet the conditions set by the lenders. While the specifics, such as the credit score, may differ from lender to lender, here are the common eligibility criteria you must fulfil to avail of the Royal Enfield bike loan.

  • Age: Most lenders provide loans for Royal Enfield bikes to applicants who are at least 21 years old and won’t be older than 65 by the end of the repayment period.

  • Employment Status: The applicant must be gainfully employed. That is, you should either be a salaried individual or be self-employed.

  • Monthly Income: The exact amount differs from one lending entity to another. However, you should earn at least ₹6,000 - ₹7,000 per month to pay your EMI.

  • Credit Score: While the minimum credit score requirement varies from one lending institution to another, it is ideal to have a credit score of 750 or above. This shows you in a positive light as a responsible borrower.

  • Nationality: Most lenders require the applicant to be an Indian citizen.

Required Documents for Royal Enfield Bike Finance

Once you satisfy the eligibility criteria, you should peruse the documents required to get the Bullet finance. The lenders have streamlined the documentation mandate, and you should submit the following documents while applying for a  bike loan for buying Royal Enfield bikes.

Documents required for Bike Loan

  • Identity Proof: You can furnish copies of your Aadhaar Card, Passport, Driver’s Licence, Voter’s ID or PAN Card as your ID proof.

  • Address Proof: For the address proof, you can submit copies of your Aadhaar Card, Passport, Driver’s Licence, PAN Card, Voter’s ID or utility bills.

  • Employment and Income Proof

  1. Salaried: You can submit your bank statement for the previous 3 months, along with the latest Income Tax Return (ITR). You may also have to submit your salary slips.

  2. Self-employed: You should furnish the latest Income Tax Return (ITR) and your bank statement for the last 3 months. Additionally, you may have to submit your TDS Certificate and the company details.

  • Photographs: You are required to provide two recently taken passport-size photographs.

Application Process for Royal Enfield Bike Finance

Because of the digitisation drive in the country, you can apply for a Royal Enfield bike loan from the comfort of your home. Alternatively, you can visit the lender’s office to apply for the two-wheeler loan. Applying for a bike loan is simple and convenient, and the application process for getting Royal Enfield financing is detailed below.

  • Visit the official website of the lender

  • Click on ‘Apply Now’ to apply for a two-wheeler loan

  • Provide basic details, such as your personal information and employment status

  • Submit the online application and keep the necessary documents ready

  • A representative from the lending institution will get in touch with you for authentication and verification purpose

  • Provide the necessary documents

  • Choose the EMI amount, loan tenure and the interest rate from the options provided by the lender

  • Once the lender verifies your documents and approves the loan amount, the amount will be released and will reach your account

  • Purchase the Royal Enfield bike you’ve chosen

Advantages of Royal Enfield Bike Finance

There are numerous benefits of getting a Royal Enfield bike finance. A few of them are highlighted below.

  • Simple and Hassle-free Financing: The Royal Enfield Standard 350 financing options ensure that you do not rely on – or disrupt – your savings. You can get up to 100% funding of the on-road price of the model when you apply for a bike loan.

  • Pocket-Friendly Payment Option: You can choose the EMI you are comfortable paying every month, along with the repayment period. The tenure typically ranges from 1-5 years; thus, you will have to pay pocket-friendly EMIs.

  • Competitive Interest Rates: Depending on factors such as your credit score and monthly income, you can avail bike loans with interest rates ranging from 8.7% to 28%. The bike loan interest rate varies from lender to lender.

  • Quick Loan Approval and Disbursal: Once you successfully submit the loan application and the KYC documents, you can get the approval within 72 hours, along with quick loan disbursal. Thus, you won’t have to wait for weeks to get the loan amount.

FAQs - Royal Enfield Bike Finance

You can use the two-wheeler loan EMI calculator, which is freely available online, to calculate the EMI amount. You just have to enter the principal amount, interest rate and repayment tenure (in months) in the Royal Enfield EMI calculator. You will then get the EMI and the interest component for the duration.

You have to submit KYC documents such as your Aadhaar Card, Passport, Voter’s ID, Driver’s Licence and PAN Card, along with your salary slips and bank statement for the previous three months. If you are self-employed, you must furnish your latest ITR, company details and TDS certificate.

The minimum down payment differs from lender to lender. If the lender is providing 100% funding of the ex-showroom price, then you have to pay for the RTO and insurance charges. Certain lenders provide up to 100% financing of the on-road price, which also covers the above-mentioned RTO and insurance charges.

Download App
Credit Score