Royal Enfield bikes feature on almost everyone’s wish list with their excellent ergonomics and powerful engines. However, the one aspect that deters potential buyers can be the price. Opting for Royal Enfield bike finance can help you purchase your dream bike without depleting your savings. Let’s understand this financing option in further detail.
You can borrow up to 95% of the chosen bike’s on-road price with the help of this finance for Royal Enfield option. You will be required to make a down payment of a minimum of 5% of the value.
The following table consists of the down payment, Royal Enfield loan amount, and the on-road price (Delhi) of specific bike models:
Royal Enfield Model |
On-Road Price (Delhi) |
Max. Loan Amount & |
Bullet 350 |
₹1,99,055 |
|
Hunter 350 |
₹1,66,164 |
|
Classic 350 |
₹2,14,028 |
|
Meteor 350 |
₹2,31,441 |
|
Himalayan 450 |
₹3,12,579 |
|
Interceptor 650 |
₹3,49,833 |
|
Scram 411 |
₹2,43,982 |
|
Super Meteor 650 |
₹4,13,272 |
|
Continental GT 650 |
₹3,67,364 |
|
*Disclaimer: Aforementioned details are subject to change as per the policies of dealerships. Check the official website before making any financial decision.
When planning to purchase a Royal Enfield bike with the help of a bike financing option, understanding the monthly repayment obligations is crucial. A Royal Enfield bike loan EMI calculator can simplify this process by giving you an accurate estimate of your Equated Monthly Instalments (EMIs).
This tool ensures transparency and allows you to make informed financial decisions before committing to the loan.
Features and Benefits
Up to 95% Funding
Borrow up to 95% of the bike’s on-road value with the help of this facility
Low Down Payments
Make a minimum down payment of just 5% of the bike’s on-road price
Minimal Documentation
Submit your basic personal, address, and income proofs to borrow the required amount
Complete Coverage
Extended warranty, accessories, apparel, and merchandise costs can also be funded with the help of this option
Flexible Tenures
Repay the loan over flexible tenures ranging up to 6 years
When you apply for this Royal Enfield finance option, you are provided with offers from leading NBFCs and banks that have a tie-up with Royal Enfield dealerships. These include:
Bank/NBFC |
Maximum Loan Amount |
Interest Rate (p.a.) |
Fees and Charges |
Tenure |
Axis Bank |
₹1 Crore |
Starting from 10.80% |
Up to 2.5% of the loan amount |
12-48 months |
L&T Financial Services |
As per lender’s policies |
Starting from 7.49% |
Up to 6% of loan amount |
up to 48 months |
HDFC Bank |
2 Lakhs |
Starting from 14.5% |
Up to 2.5% of the loan amount |
Up to 36 months |
Cholamandalam Finance |
10 Lakhs |
Starting from 15% |
As per lender’s policies |
Up to 60 months |
IDFC FIRST Bank |
20 Lakhs |
Starting from 9% |
Up to 5% of the loan amount |
up to 48 months |
Tata Capital |
5 Lakhs |
Starting from 12.5% |
Up to 4% + GST of loan amount |
Up to 60 months |
Hinduja Leyland Finance |
As per lender’s policies |
As per lender’s policies |
As per lender’s policies |
Up to 36 months |
Kotak Mahindra Prime |
As per lender’s policies |
As per lender’s policies |
As per lender’s policies |
up to 48 months |
Induslnd Bank |
As per lender’s policies |
Starting from 11% |
4% of loan amount |
Up to 60 months |
Disclaimer -
To know more about the available offers and any other details, you can contact the nearest Royal Enfield dealership. The mentioned rates are subject to change at the lender’s discretion.
You can apply for this option before and after purchasing the two-wheeler. To check the loan offers available before you buy the bike, follow these steps:
Visit the official website: https://www.royalenfield.com/in/en/home/
Navigate to the ‘Motorcycles’ tabClick on the ‘Finance’ option that appears on the left
Scroll to the bottom of the page
Here enter your name, e-mail ID, pin code, and phone number
Read and agree to the terms and conditions, then click on ‘Submit’
Following this, a representative will reach out to you for further proceedings.
If you have already booked a bike, follow these steps to check which loan scheme you are eligible for:
Go to the official website: https://www.royalenfield.com/in/en/home/
Click on the ‘Motorcycles’ tab
Navigate to the ‘Finance’ option
Click on the ‘Booked your Motorcycle? Apply Finance’ option
Enter your booking ID or mobile number and click on ‘Submit’
After this, an executive will contact you to further process your application.
Here are the eligibility criteria you must meet:
You must be at least 18 years old, with the maximum age limit typically set between 65 and 70 years
You must be an Indian resident
A healthy CIBIL score is essential for loan approval
Salaried individuals should have at least 1 year of continuous employment
Self-employed individuals must provide income tax returns for a minimum of 2 years
You will also need the following documents to apply for a bike loan:
Identity Proof
Accepted documents include PAN card, Voter ID, Passport, or Driving Licence
Address Proof
Utility bills, Passport, or government-issued documents can be submitted
Income Proof
Documents such as salary slips, income tax returns, bank statements, or audited financial records are required.
Two Wheeler Loan Quick Links
Two Wheeler Loan Providers
- Bajaj Auto Credit Two Wheeler Loan
- L&T Finance Two Wheeler Loan
- Muthoot Capital Two Wheeler Loan
- ICICI Bank Two Wheeler Loan
- Kotak Mahindra Prime Two Wheeler Loan
- SBI Bank Two Wheeler Loan
- IDFC Bank Two Wheeler Loan
- HDFC Bank Two Wheeler Loan
- Bank Of Baroda Two Wheeler Loan
- Axis Bank Two Wheeler Loan
- Bajaj Auto Credit Two Wheeler Loan Statement
- Bajaj Auto Credit
- Muthoot Capital
- L&T Finance
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Frequently Asked Questions
Does Royal Enfield offer financing?
The automotive firm has tie-ups with multiple lenders in India, through which it offers financing options to its customers.
Can we purchase a Royal Enfield bike on EMI?
Yes, you can finance your bike purchase on EMI. It will be determined on the basis of the loan amount and down payment.
Do I need to create an account on the official website to apply for this facility?
Yes. Having an account on the website can streamline the process. For this, follow these simple steps:
Visit the official website and click on the ‘Login’ option displayed on the top right
If you already have an account simply enter your login credentials
If not, click on the ‘Create an account’ option and enter your basic information as requested
You can also log in by using your Google or Facebook account.
What will be the minimum down payment required when opting for this finance option?
You will be required to pay at least 5% of the bike’s on-road price as a down payment with this facility.
What will be the Royal Enfield bike loan interest rate?
The interest rate for a Royal Enfield two-wheeler loan varies depending on the lender, typically starting from 9% per annum. It may differ based on the applicant’s credit score, income, and loan tenure.
What is the minimum salary requirement for Royal Enfield?
The minimum salary requirement to apply for a Royal Enfield bike loan varies by lender, usually starting from ₹10,000 per month for salaried applicants. Ensure to check with your preferred lender for precise details.
Which is the highest priced bike in Royal Enfield?
The Royal Enfield Super Meteor 650 is one of the highest-priced models, starting at around ₹3.5 Lakhs (ex-showroom price). Prices may vary based on the variant and location.
Can I prepay or foreclose my loan?
Yes, most lenders allow prepayment or foreclosure of bike loans. However, a foreclosure charge of 2–5% of the outstanding amount may apply. Check your loan agreement for specific terms.
Check Your CIBIL Score
