KTM has enthusiastically introduced the KTM Duke 125 in the crowded 125cc commuter motorbike market. The model is gaining more and more buzz with each passing day, and hence we bring you the must-known highlights of KTM Duke 125.
Design And Characteristics
KTM has chosen a simpler structure, unlike the worldwide-spec motorbikes, to keep prices down. To do this, the company has decided to use the bodywork from the current-generation 200 Duke.
However, the bike has different artwork to set it apart. It has a lot of information (meters) on it, such as gear indication, range readout, clock, fuel consumption and so on.
These additional features provide an unusual treasure of data to the KTM bikes in India, including warning lights, speedometer, dual trip meters, and coolant temperature. None of the 125cc motorcycles in the nation has these attributes. Only a few bikes in the 150-160cc category feature sophisticated instrument panels.
The KTM Duke 125 is powered by a DOHC liquid-cooled engine of 124.77cc with a single cylinder. It’s mated to a six-speed gearbox and produces 14.5 horsepower at 9250rpm.
The bike is built on the same foundation as Duke 200 and has not spared any expense. That means you’ll have a WP-sourced trellis frame, rear mono-shock, and upend front forks. The fuel capacity of the bike is 10.2 litres with a price of INR 1.18 lakhs.
Bajaj Auto Finance provides a huge range of finance options on the KTM bikes in India. You can visit their website to avail of two-wheeler loans and reduce your financial burden.
Two-wheelers are a popular and affordable mode of transport for middle-class Indians and therefore they are in great demand. Two-wheeler manufacturers in India keep introducing new innovative technologies to make two-wheelers more fuel-efficient and value-for-money products.
Two-wheeler sales have seen a tremendous surge in India in the past three decades as anyone can buy a bike or scooter of their choice by availing a two-wheeler loan. Several Indian banks and private lenders offer attractive two-wheeler loans with a flexible repayment schedule to their customers. You can now apply for a bike loan online by visiting the websites of banks and this has made the application process a lot easier.
Once you plan to avail of a two-wheeler loan, you can use the online bike EMI calculator available on the websites of banks and private lenders to plan your monthly budget for repayment of the loan in Equated Monthly Installments (EMIs). With the help of the EMI calculator, you will be able to figure out your loan borrowing capacity and what will be your liability for paying the EMIs every month. You can also use a bike EMI calculator to restructure your EMIs by adjusting the tenure of your two-wheeler loan. The calculator assists you in choosing the right loan term and viable EMI as per your monthly budget.
To calculate bike loan EMI, there are three inputs required by the bike EMI calculator. Insert the loan amount for which you are eligible, interest rate, and loan tenure, and the EMI calculator will work out the entire calculation for you.
If you are planning to buy a two-wheeler on loan, there are several Indian banks and private lenders who are willing to offer these loans at competitive rates. You need to do extensive research before you opt for a two-wheeler loan and read the fine print of the loan agreement carefully to avoid any disappointment later on.
Getting a two-wheeler loan has become a lot easier now as you can effortlessly apply for it online from the comfort of your home. To choose the best two-wheeler loan, you should first visit the websites of various banks and lenders and do a comparative analysis of bike loan interest rates offered by them.
Your next step should be to work out the bike loan EMI as per your budget and this exercise can be done by using the two-wheeler loan EMI calculator available on every bank and private lender’s website. Just feed the tenure of the loan which is best suited as per your monthly income with the rate of interest applicable and the EMI calculator will give you the desired results.
There are some other factors that you must take into consideration while choosing the best two-wheeler loan. Check out the additional benefits like zero processing fee, free insurance, and a free gold coin offer during special occasions. You can also bargain for a better interest rate if you are a loyal customer of the bank and have savings or a current account in the same bank.
Two wheels are better than four especially in a nation like India where traffic conditions almost make it impossible for a car owner to reach point A to point B in time. Hence, lenders are always on the hunt for more customers by offering loan interest rates that are competitive.
So how can one choose the bike loan interest rate that is ideal for them especially when there are countless lenders out there!?
Well, that is simple.
Bike loan interest rates are decided by a lender after the loan officer considers –
- The financial capabilities and
- The financial history of the applicant.
In recent years, lenders are, however, offering more leniencies towards loan applicants in a bid to attract more customers.
In this context, it is best to state that the loan interest rate, however, largely depends on the CIBIL score of the applicant. Even if the repayment habits and past financial history of the applicant are stellar but the CIBIL score of the same is poor, the applicant will end up getting awarded with a high interest rate.
Bike finance interest rates will be less for applicants who –
- Have a stable source of income
- Pay their taxes on time and
- Have a healthy habit of returning what they owe to their lender(s) on time.
It also largely depends on the down payment for a bike along with the ex-showroom price of the bike. It can also vary depending on the requirements set by the bike dealer.
Hence, it is best to sit down with a loan officer at a bike dealer and have a detailed discussion regarding financing your bike. It is one of the many ways you can keep your dream bike from becoming a financial burden for you, in the long run!
Back in the day, EMIs were calculated using the traditional pen and paper approach but not anymore. Irrespective of the lender you choose, it is likely that when you open the official website of the lender, you will be welcomed with an online EMI calculator tool that will allow you to know your EMI against the loan you applied to buy your dream bike.
How does it work?
As soon as you have chosen your preferred two wheeler finance service provider, you would need to head on over to the official website of the same and look for the online two wheeler loan emi calculator tool.
After that, you would need to put in the principal amount that you are applying for along with the rate of interest your loan officer is offering you and the tenure of the loan.
After you have provided the tool with the aforementioned details, you would have to press the ‘calculate’ button on the tool and wait for a few seconds. The result will be shown on your screen in no time.
In this context, it is best for you to keep in mind that irrespective of the principal amount if you choose a longer tenure period for the loan then your EMI will be very low and in case you want to reduce the tenure period for the loan then the EMI you would need to bear will be a substantial amount.
Apply for – Bike Loan
Hence, it is crucial that you choose a tenure that is right in the middle so that your two wheeler loan does not become a financial burden for you in the long run.