Get Detailed Information Related to Bike and Bike Finance.
Author: Navneet Sharma
I am a financial analyst. I have done MBA in Finance. I have worked extensively in the finance sector along with many organizations. I have assist with the new business process and working with Finance and Business Managers. I’ve already written about financial careers available for good Financial Analysts.
When talking about day-to-day driving, eating food from the nearest mall or visiting a nearby city, two-wheelers are preferred mode of commutation for most people in India. However, you should ideally take a bike loan when purchasing a new two-wheeler instead of making cash payment upfront.
Advantages of a Bike Loan:-
For two-wheelers, lenders offer low-interest rates for ease to make significant transactions, and these can be calculated by bike loan EMI calculator. The final interest rate usually depends on the income source of the borrower, credit score, the two-wheeler price and demand variation.
Quick Approval of Loans
Quick clearance of two-wheeler loans means fast payment for your two-wheeler when you purchase the same on financing.
Reduce the Burden on Your Budget
Another advantage of bike loans is that you can conveniently save while repaying your loan via instalments.
High Coverage of Loan Amount
If you are on a low budget, you can easily buy a two-wheeler with a higher bike loan coverage. You can always calculate your interest rate in a bike loan EMI calculator and decide the sum you want to borrow.
The simple benefit is you do not have to spend large sums of capital, which affects your liquidity adversely. If you use cash rather than a bike loan, the liquidity will be affected adversely.
The RC 390 is an agile, fast, and sporty bike that’s perfect for country roads and the racetrack.
The KTM RC 390 bike has a new side-mount exhaust system and revised settings that allow it to produce 42.0 horsepower at 9900 rpm. The new slipper clutch allows optimum exploitation of the RC’s impressive cornering ability.
The reduction in trail combined with a steep 23.5-degree rake and short 52.8-inch wheelbase gives the RC 390 catlike reflexes to your handling. The beautiful machine weighs just 365 pounds, affordable compared to other KTM bikes, and delivers better performance.
The RC’s 320mm front disk, which is clamped by a strong radially-mounted four-piston calliper, allows the already lightweight RC to decelerate at a better rate than before.
The KTM RC 390 comes with wider mirrors, a thicker seat, and adjustable levers. The graphics are bolder, and the inclusion of an LED tail light makes the RC a more sustainable street bike.
As the KTM bikes price listindicates, KTM allows customisations with hop-up parts and kits to make it more suited for the street or the racetrack.
KTM’s RC series of bikes has remained true to its original design for six years, and an update was long due.
People buy bikes based on two significant factors — mileage and cost. They often compromise with the bike’s on-road cost but are more concerned about mileage. Mileage refers to the distance travelled by bike in one-litre petrol (kmpl). Ideally, your bike should offer good mileage and must be cost-effective in the long run.
Bajaj bikes are known to provide excellent mileage. Here are some hand-picked bikes from Bajaj offering the best mileage:
Bajaj Discover 125
This bike has a mileage of 82.4 kmpl. It boasts elegant and appealing features with a 124cc cylinder.
Needless to say, the RC 200 from KTM is one of the best sports bikes in the country, best known for the brilliant design, engine strength, and other impactful capabilities. In the subsequent sections, we shall enlist the hits and misses of this two-wheeler whilst justifying the purchase, either using a credit line or upfront cash payment.
Two-wheelers will play a major role in reviving the professional fortune in 2021, especially after the dismal 2020. However, going about purchasing a motorbike would require discretion and adherence to the following aspects:
Evaluate usage patterns
A bike buying guide is of no use if you aren’t aware of your preferences. For instance, your choice of a two-wheeler would vary if you are either a daily commuter or a typical highway hauler.
Zero in on the Budget
Provided you are planning to get a fresh credit line for your bike or interested in purchasing upon paying up the entire sum at once, it is still necessary to zero in on the budget-centric preferences and choose accordingly. In case you are opting for a loan, the budget helps you strategize better using a Two Wheeler Loan EMI Calculator.
Look for Reliable Lenders
While you can always sift through a detailed bike buying guide to choose vehicles according to design, seating preferences, mileage, and other factors, it is still important to opt for a reliable lender for getting the best interest rates on the bike loans.
Once these three aspects are out of the way, you can start analyzing the monthly liabilities upon relying on the lender-backed two-wheeler loan EMI calculator.
Purchasing the preferred two-wheeler on a loan can be tricky if you aren’t sure about the lender and the quoted interest rates. Therefore, it is necessary to be aware of these 4 factors to get the best interest rates on your credit line.
Lenders instill faith in your repayment history upon checking your credit score. Therefore, a higher credit score automatically qualifies you for a lower two wheeler loan interest rate.
Cost of the Bike
A two-wheeler loan for a budget-centric bike has better chances of getting approved and attracting nominal interest rates.
In case you choose to make sizable payment upfront, it is possible to get a better deal on the two wheeler loan interest rate as the lenders are expected to show more faith in your repayment capabilities.
If you want to procure a lower interest rate for your two-wheeler loan, you should opt for a longer tenure and consider prepaying the same after a certain point in time.
In addition to these four factors, your job, financial stead, annual income, and credit history also have a bearing on the interest rates.
The Australian automotive giant, KTM has finally launched KTM RC 200 and RC 390. These are powerful feature-packed bikes which are priced at Rs. 2.05 lakhs and Rs. 1.6 lakh for RC 390 and RC 200 respectively ex-showroom Delhi. KTM is quite hopeful about these bikes as they are not only affordable and provide features similar to their other top-end bikes.
Let’s look at the top 10 reasons why this KTM bike is a major hit between bike enthusiasts.
Features inspired from the KTM 1190 RC8 R
Supported by tubular space frame designed using steel tubes provides strength
Water-cooled, 4-stroke, mono cylinder engine for the smooth running
6-speed claw transmission same as the duke bikes
RC 200 flaunts MRF tyres and RC 390 the Metzeler tyres for grip and speed
Finest suspensions similar to RC8 with enhanced stability
Advanced braking system. RC 390 also supports an ABS
Highly advanced and futuristic LCD panels that even shows the most optimum time to shift gears
Super-sporty in looks and features
Made to provide a strong design and maximum manoeuvrability
The Bajaj Pulsar 150cc is one of the most popular bikes in its segment. It has become the best-selling product in this highly competitive sector because of its spectacular list of features. Some of the features that make Bajaj Pulsar 150cc a clear winner are:
The deciding factor that helps Bajaj Pulsar 150blow away the competition is its powerful engine. Despite having an entry-level 150cc engine for sportbike enthusiasts, Pulsar 150 can churn out an impressive 15.1 PS of power at 9000 pm.
The sharp and edgy design of the Pulsar 150cc has clicked with youngsters well. The signature look of the bike is uniquely different from any other bike in the market, making it easily recognizable and loved.
Bajaj Pulsar 150 is loaded with several features such as a part-analog-part-digital custom instrument console, engine kill switch, clip-on handlebars, tubeless tires, self-canceling turn indicators, DC headlamp, and backlit switches.
Pricing has always been Bajaj’s most attractive feature. AllBajaj bikesare economically priced, and the new Pulsar 150 follows the trend, costing Rs 70,500*, providing great value for its vast list of features.
Following are the reasons why you should utilise the EMI calculator before taking a bike loan –
ACCURACY — It is possible to make errors while calculating with a pen and paper, and you want to avoid anything happening to your hard-earned money and messing up your financial budget. An online EMI calculator provides you with an approximate amount which gives you an idea of your possible future instalments.
INSTANT AND CONVENIENT — You only need to input the combination (loan amount, interest rate and tenure) you deem suitable, and the EMI amount is determined in just a few seconds. The Bike Loan EMI Calculator is available free of cost and can be accessed from anywhere anytime.
PLAN YOUR FINANCES — If you use an EMI calculator before applying for a bike loan, you are in a position to plan your finances ahead. This way, when the time for debt repayment comes, you can comfortably pay off your debt without burdening your personal expenses. It helps you to ensure a good credit score.
It is better to gauge the risk of taking a loan as it saves you from the financial and mental stress. Using a bike loan EMI calculator will help you make an informed decision.