How We Can Calculate Two Wheeler Loan EMI?

Two Wheeler Loan EMI Calculator

Motorcycles in India sell like hotcakes. The reason is simple. When compared to a car, the ownership costs of a bike are pretty low. Furthermore, parking a bike is easy and weaving through traffic is a breeze.

However, the days of buying motorcycles with cash are long gone. The reason is that the ex-showroom prices of motorcycles available in India have gone up. To put things into perspective, even a commuter bike now entails an ex-showroom price of INR. 90, 000 approximately.

Hence, the demand for instant approval bike loans has skyrocketed. On top of this, leading lenders now offer bespoke interest rates, tenures and conditions on bike loan schemes. Then there are the benefits of financing a bike. With the help of bike finance, the buyer can choose the bike that they want. People who want to boost their credit score and credit history can do so with a bike loan. Furthermore, a bike loan allows one to keep emergency funds intact. It means that one would not need to empty their savings or withdraw their fixed deposits to buy a bike. Bike loans act like financial cushions on which a buyer can fall back when they want to buy a bike.

But how can one calculate two-wheeler loan EMI?

Well, to calculate the tentative EMI of a bike loan scheme that one fancies, one can use an EMI calculator. An EMI calculator tool is a free-to-use online application integrated with the official websites of leading lenders. One can also find an EMI calculator tool in leading bike news portals.

Must Read: Simple Tips to Get Low Interest Rates on Preferred Bike Loans

Know The Best Features of Bajaj Pulsar 220F

Bajaj Bikes

The Pulsar 220 F was the semi-faired version of the critically acclaimed Pulsar 220. The bike had quite a few Unique Selling Points. This post will summarise some of them.

Here goes.

  • The last known ex-showroom price for the bike as per the official Bajaj bike price list was Rs 1, 36,998.
  • The engine that was used to power the bike was the same unit that was available in the Pulsar 220. These days, the same engine does duty on the Avenger Cruise 220. The engine of the Bajaj Pulsar 220 F has a single cylinder. It was fuel-injected and liquid cooled. The BS6-compliant engine also came equipped with Bajaj’s DTS-i and ExhausTEC technologies. The peak power and torque outputs of the motor are 21bhp and 19Nm respectively.
  • The bike came with telescopic fork suspension at the front and had best-in-class suspension travel. The rear suspensions were two traditional gas-charged shock absorbers.
  • The bike had a single-channel ABS and dual disc brake setup. The motorcycle also came with well-padded split seats. 
  • The 220 F entailed a muscular design and a menacing road presence.
  • The overall handling of the bike was on par with the legendary handling capabilities of the Pulsar 150. 
  • The top speed of the bike was electronically limited by the OEM to 134 km/h.
  • The bike came with rider-friendly ergonomics. The rider sat with a semi-aggressive stance thus making the bike ideal for city and long commutes.

The motorcycle has been discontinued by Bajaj to make room for new motorcycles. However, Pulsar maniacs still miss this legendary motorcycle to this day!

Must Read: What is the Top Reason to Apply a Bike Loan Instead of Cash Payment?

Benefits of Financing a Bike in India

bike loan

The automobile sector was hard-hit no thanks to the COVID – 19 pandemic. Global supply chain disruptions were the primary reason for automobile brands to incur losses. Global automobile manufacturers are trying hard to bounce back. The same goes for the bike manufacturers in India.

However, there is a catch. To make up for the losses incurred during the lockdown days, the prices of bikes have shot up. Currently, one would have to pay more than INR. 1 lakh for a 125 CC bike! Hence the days of buying bikes with cash are long gone.

These days, people apply for a bike loan as financing a bike allows them to enjoy the following benefits.

  • Although the prices of motorcycles have gone up, shockingly, the sales of motorcycles have not waned in India.  The reason is simple. People have finally understood that they do not have to use cash to buy a bike they want. The days of settling for a bike that barely meets commuting needs are long gone. With the help of financing options, one can even buy a superbike if their heart desires. 
  • A bike loan also allows one to keep their monthly budget intact. As one won’t be spending cash to buy a bike they want, they’ll have the means to make ends meet.
  • The bike loan interest rates that entail almost all bike loan schemes are competitive these days. This can be verified if one uses an online bike loan EMI calculator. The upside of competitive interest rates is that one will have plenty of lenders to choose from. Furthermore, one will also be able to negotiate the terms offered by the lender. The lender will try their best to secure the deal instead of losing a client to its rival(s). Hence, one will be able to not only get low interest rates but also enjoy bespoke loan clauses.

To learn more about the benefits of financing a bike, one should consult a professional financial advisor.

Must Read: Top 5 Sports Bikes in India That You Should Know

What are the Top Two Compact Sports Bikes from Bajaj Auto?

Bajaj Bikes

Indians have a strong affinity towards compact sports bikes. The reason is that compact sports bikes are affordable to own. And they offer a balanced performance.

Bajaj Auto happens to offer quite a few compact sports bikes that are affordable and performance-oriented. The top two of them are mentioned below.

Bajaj Dominar 250

The Bajaj Dominar 250 has the design of a street bike but it is a true-bred touring bike. The best part, the motorcycle behaves on the road like a compact sports bike. Bajaj offers the bike in a single trim and three colour options. The ex-showroom price for this motorcycle is set at Rs. 2, 10,389. The engine powering the bike is a 248.8 cc BS6 single-cylinder unit. The motor is fuel-injected and liquid-cooled. The peak power and torque outputs of the engine are 26.63 bhp and 23.5 Nm respectively. The bike comes with dual channel ABS and dual disc brake setup. The dry weight of the bike is 180 kg and it comes with a 13-litre capacity fuel tank.

Bajaj RS 200

The RS 200 is one of the best true-to-the-chassis sports bikes in India. The bike is offered with the average ex-showroom price of Rs. 2, 09,518. Bajaj offers the bike in a single trim and three colour options. The bike is powered by a 200 CC liquid-cooled, single-cylinder, fuel-injected, BS6-compliant engine. The peak power and torque outputs of the engine are 24.2 bhp and 18.7 Nm respectively. Bajaj offers the bike with dual disc brakes and a dual-channel ABS setup. The dry weight of the motorcycle is 166 KGs and has a 13-litre capacity fuel tank.

To learn more about the bikes, please visit the nearest Bajaj bike dealership.

Must Read: What are the Top 5 Touring Bikes in India?

A Brief Account of Two Bajaj Bikes that are Meant for Touring!

Bajaj Bikes

Bike brands in India recently started offering motorcycles meant for endurance and touring trips.

Bajaj being one of the leading bike brands in India has two ideal touring bikes in its line-up. This post in the following sections will shine a light on the bikes.

Here goes.

Bajaj Avenger Cruise 220

The Bajaj Avenger Cruise 220 is an ideal touring motorcycle.

The bike has the design of a highway cruiser. The motorcycle has the aspects of a low-rider. The bike’s low-slung seat, forward-swept footrests and rear-swept handlebar allow the rider to be in comfort for a long time.

The ex-showroom price of the motorcycle is Rs. 1, 72,556 and it is offered in a single trim. The brand offers the motorcycle in two colour options. The single-cylinder engine is fuel injected, BS6-compliant and liquid-cooled.

The peak power and torque outputs of the engine are 18.4 bhp and 17.55 Nm respectively. Bajaj offers the bike with a front disc and rear drum brake setup. The front brake has ABS. The rear brake is paired with Bajaj’s patented anti-skid technology.

Dominar 400

The Dominar 400 is Bajaj’s true touring motorcycle with an ex-showroom price tag of Rs. 2, 73,949. The bike is designed like a streetfighter and is offered in a single trim. The brand offers the motorcycle in two colours.

This is one of the best bikes for long rides thanks to its long wheelbase. One would have enough space for luggage when they are out on a trip. The engine on the bike is a 373.3 CC, BS6-compliant unit. The peak power and peak torque outputs of the engine are 39.42 bhp and 35 Nm respectively. Bajaj offers the bike with dual disc brakes and dual-channel ABS.

Reading about a motorcycle hardly enables one to truly understand the capabilities of the machine. To make an informed decision, one should take a test ride of the bikes mentioned above.

Must Read: Here Is The List of Best Mileage Bikes in India That You Should Buy

Here is The List of Best Mileage Bikes in India That You Should Buy

Bikes Gyan

Bajaj Auto makes the most fuel-efficient bikes in India. Here are some details about the top three of them.

Bajaj Platina 100

  • The owner-reported mileage of the Bajaj Platina 100 is 72 KMPL*.
  • The motorcycle is offered in 4 trims and 4 colours.
  • The base trim of the bike is priced at Rs. 64,225* (ex-showroom).
  • The top variant of the bike is priced at Rs. 81, 006* (ex-showroom).
  • The engine of the bike is a 102 CC BS6 unit.
  • The peak power and torque outputs of the engine are 7.79 bhp and 8.3 Nm respectively. 
  • Bajaj Auto offers the bike with front disc and rear drum brakes.
  • The bike is also equipped with the Bajaj-patented combined braking system to offer active safety to the rider.
  • The dry weight of the bike is 119 KGs.
  • The bike is equipped with an 11-litre fuel tank.

Bajaj CT 110

  • The owner-claimed mileage of the Bajaj CT 110 is 70 KMPL* making it one of the best bikes in India for mileage.
  • The base trim of the bike is priced at Rs. 75, 275* (ex-showroom).
  • The top variant of the bike is offered at Rs. 84, 783* (ex-showroom).
  • The bike entails two trims and ten colour options.
  • The bike has a 115.45 cc BS6 engine.
  • The peak power and torque outputs of the engine are 8.48 bhp and 9.81 Nm respectively.
  • Bajaj Auto offers the bike with front disc and rear drum brakes.
  • The bike is also equipped with an active braking safety mechanism known as the combined braking system.
  • The dry weight of the bike is 127 KGs.
  • The bike is equipped with an 11-litre fuel tank.

Check: Best Mileage Bikes in India

Bajaj Platina 110

  • The owner-claimed mileage of the Platina 110 is 70 KMPL*.
  • The base trim has an average ex-showroom price of Rs. 82, 348*.
  • The top trim of the bike entails the average ex-showroom price of Rs. 87,145*.
  • Bajaj Auto offers the bike in three variants and ten colour options.
  • The engine on the bike has a total displacement of 115.45 CCs and is BS6-compliant.
  • The peak power and torque outputs of the engine are 8.44 bhp and 9.81 Nm respectively.
  • Bajaj Auto offers the bike with front disc and rear drum brakes.
  • Bajaj has also equipped the bike with the Bajaj-patented combined braking system for efficient braking.
  • The dry weight of the motorcycle is 122 KGs.
  • The bike is equipped with an 11-litre fuel tank.

To learn more about the motorcycle mentioned above take a test ride of each bike.

Must read:  Here is The List of 200cc Bikes in India

What is The Best Way to Get a Low-Interest Rate on a Bike Loan?

Bike Loan Interest Rates

The incessant hikes in the prices of motorcycles available in India are a menace, to be honest. However, thanks to the easy availability of bike loans, buyers can let out a sigh of relief.

What about the high-interest rates that lenders typically assign to a bike loan?

Well, there is a solution to this problem as well. One should talk with multiple lenders before finalising one

Borrowers can get the lowest bike loan interest rates from their preferred NBFC or bank if they consult multiple lenders.

Back in the day, bike loans were considered a niche product by lenders as they entailed small profit margins. This was the reason why bike loans entailed steep interest rates. Now the norm is that when demand increases so does supply. And when supply increases, competition in the market goes up. To keep their respective interests intact, lenders started offering low-interest rates on bike loans.

Why consult multiple lenders before finalising one?

One must consult with multiple lenders before filling up a bike loan online approval form. The reason is enunciated below.

When a lender sees that a client has consulted with multiple lenders before them, they would offer low-interest rates. Every time one consults with a lender, the lender would run a background search about the prospective client. As the background search history is saved, other lenders will be able to view the records. When a lender sees that the prospective client already discussed with rival lenders, they would offer bespoke terms.  A lender would rather reduce their profit margin instead of losing the client to a rival. It is a simple business practice and borrowers can use this to their advantage.

To learn more, consult a professional financial advisor.

Must read: Why Bike Loan is The Best Option to Buy a Bike?

Why Bike Loan is The Best Option to Buy a Bike?

bike loan, Two Wheeler Loan

The spending capabilities of the average Indian have gone up in recent years. But still, Indians prefer to buy a bike and not a car. The reason is simple. A car costs more at the dealership than a bike. Then the costs of registering and insuring the vehicle are exorbitant as well. Furthermore, the fuel and maintenance costs of a car are otherworldly, to be honest. On top of these, cars cannot cut through traffic like a bike. Parking a car is a headache as well.

On the other hand, a bike costs less than a car. Bikes consume less fuel and cause less pollution. Bikes can cut through the traffic and allow the rider to reach their destination quickly. Parking a bike is way easier than parking a car. On top of these reasons, the maintenance, insurance and registration costs of a bike are affordable.

Then why do people apply for a bike loan when they want to buy a motorcycle?

In recent years, the year-on-year growth of the Indian motorcycle sector has been impressive. Demand for motorcycles has always been high across India but recently demand has surpassed supply. Bike brands ensured that they are not failing to monetize this growing demand for motorcycles. This is why motorcycle brands operating in India have hiked the prices of their motorcycles by several folds. The cost of even an entry-level commuter bike now costs more than INR. 80, 000.

Hence, the days of buying a bike with cash are long gone.

Furthermore, buying a bike through a loan entails a lot of benefits for the buyer. Some of those benefits are mentioned in the sections below.

  • A bike loan allows one to keep their emergency funds intact.
  • Bike loans entail low-interest rates. All one would have to do is use a Two wheeler loan EMI calculator before applying for a loan. In this way, they would be able to select the best principal + tenure + downpayment combination. The best principal + tenure + downpayment combination would entail low-interest rates.
  • A loan would also allow one to boost their CIBIL score and create a spotless credit history.

To learn more about the benefits of financing a bike, talk to the nearest professional financial advisor.

Must read: How To Calculate Two Wheeler Loan EMI?

KTM RC 200 – Top 5 Best Things That You Should Know

KTM Bikes

KTM is an Austrian brand that entered the Indian motorcycle market back in 2012 with the Duke 200.

The brand offers street bikes, compact sports bikes and adventure bikes in India. The KTM RC 200 is a compact sports bike. It is a fully-faired motorcycle with some unique selling points.

Some of the bike’s USPs are mentioned below –

  • The top speed of the motorcycle is electronically limited to 140 KMPH.
  • The bike is powered by a 199.5 CC engine. The motor is capable of producing 24.6 bhp @ 10,000 rpm. The peak torque produced by the motor is 19.2 Nm @ 8,000 rpm.
  • Despite a 200 CC engine, the owner-claimed mileage of the bike is 34.5 KMPL.
  • The fuel tank on the bike now comes with a 13.7-litre capacity.
  • The engine has 4 valves for its single cylinder. 
  • The compression ratio of the cylinder is 13:3:1. A high compression ratio means that the engine produces more power in the power stroke. Furthermore, a high compression ratio also ensures the efficient burning of fuel and minimal exhaust fumes.
  • The bike shared a lot of similarities with other KTM bikes in India. For instance, the engine is paired with an efficient fuel injection system and a revised liquid cooling system.
  • The six-speed racing-tuned and track-tested transmission are paired with a wet multi-disc clutch that ensures smooth gear shifts. 
  • The bike is offered with dual disc brakes and dual-channel ABS. The front 320 mm disc is paired with 4 fixed pistons. The rear 230 mm disc is paired with 1 floating piston.
  • Trellis frame, WP Apex USD front shocks and WP Apex rear monoshock are OEM standard packages.

For more details, it would be best to head over to the nearest KTM dealership.

Must read: What Are The Best Features of Bajaj Pulsar 150?

Top 5 Highlights of Bajaj Pulsar 125 Neon That You Know

Bajaj Bikes

The Bajaj Pulsar brand has many bikes under it.

The Pulsar 125 is the entry-level motorcycle in this range. It is a sports commuter bike. The base price of the Pulsar 125 motorcycle is Rs. 99,582* in India. The top-spec trim retails in India with an MSRP of Rs. 1, 10,236*. Bajaj offers the motorcycle in 6 variants and an array of colour schemes consisting of 16 types.

The indigenous brand also launched a Carbon Fibre edition of the 125 cc Pulsar. This new variant is available in both single-seat as well as split-seat variants. The changes are somewhat subtle and only Pulsar purists will be able to point them out. For instance, carbon fibre graphics are installed on the belly pan of the bike. The carbon fibre graphics are also installed on the – 

  • Front fender
  • Fuel tank and
  • Rear cowl.

The Carbon Fibre edition of this motorcycle is available in blue and red paint jobs. Whichever colour one chooses for their Carbon Fibre edition 125 Pulsar, black will be the base colour. The graphics and paint on the – 

  • Fuel tank
  • Headlight cowl
  • Fuel tank shrouds
  • Rear pane
  • Engine cowl and
  • Stripes on the alloy wheels will carry the chosen paint job.

The 125 CC Pulsar Carbon Fibre edition has retained its – 

  • Single-pod headlight flanked with two DRLs
  • The muscular fuel tank
  • The bolted fuel tank shrouds 
  • The hunky side-slung exhaust manifold and
  • Dual pillion grab rails for the split-seat version and single-piece grab rail for the single-seat version.

The engine specifications just like the remaining Bajaj bikes in India remain unchanged. The motor is a 124.4 CC, single-cylinder unit. The motor is paired with a five-speed transmission. The peak power and torque outputs are 11.64bhp (at 8,500 RPM) and 10.80Nm (at 6,500 RPM) respectively. The front suspension is a standard fork-style unit. The rear wheel is paired with two gas-charged spring suspensions with dampers. The base trim is offered with dual drum brakes. The top-spec trim is offered with front disc and rear drum brakes. ABS is replaced with Bajaj-patented CBS (Combined Braking System) to keep MSRPs affordable.

To learn more, please take a test ride at the nearest Bajaj two-wheeler dealership.

Must read: Here is Latest Price List of The Bajaj Bikes That You Need To Know