How to Choose The Best Bike Loan Interest Rates?

Bike Loan Interest Rates

In recent years, the prices of motorcycles available in India have gone up by many folds. 

Hence, it has become impossible for anyone to buy a bike with cash. The only solution is to apply for a bike loan. What about the high-interest rates that lenders tend to levy on borrowers? Well, borrowers can get low-interest rates if they follow the tips mentioned below.

Borrowers should consult multiple Lenders before selecting a Loan Scheme

NBFCs (Non-Banking Financial Companies) and Banks tend to levy low bike loan interest rates on bike loan schemes in a bid to remain competitive. The trick borrowers can apply is to consult multiple lenders. On top of this, borrowers can also choose to buy a bike during the festive season.

There are countless lenders currently running their operations in India. Hence, it is natural for competition among lenders to be fierce. When a lender understands that a borrower has been consulting with their rivals, low-interest rates will be offered.

It is as simple as that.

One can get Low-interest rates just by having a stellar Credit history

It is best for a borrower to apply for a motorcycle loan when they have never defaulted on debt repayments. Furthermore, borrowers who do not have any running debts with other lenders can also enjoy low-interest rates. In simple words, borrowers with stellar credit histories will be offered competitive bike loan interest rates.

One can get Low-interest rates when they have a high Credit Score

Borrowers with CIBIL scores above 750 would be offered low-interest rates when the former apply for a motorcycle loan. At the same time, borrowers with CIBIL scores below 750 will be levied high-interest rates. There could be instances where the lender simply rejects the loan application.

For more tips, it would be best to consult a professional financial advisor.

Must read: How To Calculate Two Wheeler Loan EMI?

How We Can Calculate Bike Loan EMI Offline and Online?

Bike EMI Calculator

Motorcycle prices are skyrocketing with each passing year in India. Hence, a motorcycle loan is the only way to buy a bike these days.

However, one should be patient when choosing a loan scheme. One should always use a bike loan EMI calculator before taking the final decision.

What is an EMI calculator?

EMI calculators are free-to-use tools available on the websites of lenders and bike portals. The basic function of a Bike Loan EMI Calculator is to allow one to learn the tentative EMI for a loan.

Why one should use an EMI calculator?

Many reasons make it important for one to use an EMI calculator. Some of those reasons are mentioned below.

  • EMI calculators allow one to plan their repayment steps by selecting the best tenure + downpayment combination.
  • Selecting the perfect downpayment + tenure combination also allows one to keep EMIs for a loan affordable.
  • Selecting the perfect downpayment + tenure combination of a bike loan allows one to keep the interest rate low.

How does an EMI calculator work?

EMI calculators are programmed to run their calculations by using the mathematical formula mentioned below.

P x R x [(1 + R)N/((1 + R)N – 1]

The variables used in the formula above stand for different terms of a loan. The meanings of the variables are mentioned below.

  • P = Principal – The amount the lender offers to the borrower.
  • R = Rate of interest – The amount the lender would charge for the principal.
  • N = Tenure – The time (in months) within which the debt has to be repaid.

How to calculate EMIs offline?

If one wants to calculate the EMI for their motorcycle loan then they can calculate using the formula mentioned above. 

Must read:  How To Choose The Best Bike Loan Interest Rates?

Best Bikes for Long Rides That You Should Buy This Year

Bajaj Bikes

Touring is the term for a leisure activity where motorcyclists take a touring-capable motorcycle on long trips. This activity has a strong fan base in Western nations. In recent years, Indian motorcyclists are slowly gravitating towards this activity as well. Taking note of this trend, Indian bike brands have started offering touring-capable motorcycles. This post, in the following sections, will shine a light on two of them.

Bajaj Avenger Cruise 220

The Bajaj Avenger Cruise 220 is an economically priced, indigenously made highway cruiser bike. The current iteration of the motorcycle is offered with an average ex-showroom price tag of Rs. 1, 72,556*. The bike is fuel efficient. Despite being powered by a 220 CC engine, the mileage of the bike stands at 40 KMPL. Furthermore, to keep fuel-filling breaks minimal, the bike is offered with a large 13-litre fuel tank. The Avenger Cruise 220 gets the basic highways cruiser setup. It has a low-slung saddle, front-swept footrests and rear-swept handlebar. Adding to these attributes is the bike’s sturdy windshield which can keep the rider protected from the elements. Touring means one would have to make room for luggage. 

The long wheelbase of the Cruise 220 offers ample space to sit comfortably and haul luggage as well! The engine is the revised version of the motor that is used to power the Pulsar 220 F. The motor is a 220 cc, liquid-cooled, fuel-injected, single-cylinder, BS6 unit. The peak power and torque mappings are 18.4 bhp and 17.55 Nm respectively. The bike comes with classic spoke wheels. The front wheel has a disc brake paired with ABS. The rear wheel has a drum brake paired with Bajaj’s Anti-Skid System.

Bajaj Dominar 250

The Dominar 250 is undoubtedly one of the best bikes for long rides. The bike is designed for touring. It gets a massive 13-litre fuel tank and offers a real-world mileage of 32 KMPL! The bike has a menacing road presence thanks to its muscular styling. Bajaj equipped the motorcycle with all-LED lighting. The average ex-showroom price of the motorcycle is Rs. 2, 10,389*. The instrument cluster is fully digital. The exhaust manifold has twin-barrel exhaust tips. The mirror stalks and the mirrors entail premium design and quality. The front wheel is paired with an upside-down telescopic fork suspension. 

The rear wheel is paired with a mono-shock suspension. The bike is offered with dual disc brakes and dual-channel ABS. all ride-related information is displayed in the primary instrument cluster. A secondary digital display is stuck on the fuel tank that displays other pertinent information. The bike is also offered bungee straps under the rear seat that can be used to strap down luggage. 

The engine on the bike is a 250 cc single-cylinder liquid-cooled, DOHC, four-valve unit. It is a KTM-derived engine and is equipped with Bajaj’s twin-spark technology. The peak power and torque mappings of the engine are 26.6bhp and 23.5Nm respectively. The bike is offered with a six-speed gearbox that is paired with a slipper clutch.

To learn more about the above-mentioned motorcycles, it would be best to take a test ride.

Must Read: Top 5 Sports Bikes In India That You Should Buy In 2022

Why KTM Bikes Counted As High-Performance Bikes?

KTM Bikes

KTM has a large market share in India. The majority of its client base is Indian youth.

But why?

Well, there are many reasons why KTM bikes in India enjoy such reverence. The following sections will shine a light on some of those reasons – 

  • All KTM motorcycles come from the factory with amazing features, looks and onboard electronic systems.
  • All KTM bikes, including the top-selling KTM Duke 200 are built using the fabled Trellis subframe.
  • KTM motorcycles are track-tuned. It means that the brand’s tagline, ‘Ready-To-Race’ is not just a tagline. The bikes are indeed capable of partaking in motorcycle races.
  • The transmission systems on all KTM bikes are precision engineered that offer the best of both mileage and performance.
  • All motorcycles from the brand come with premium bike parts such as the USD and mono-shock suspensions from WP Apex.
  • Premium KTM motorcycles such as the Duke or RC 390 come with a slipper clutch. KTM motorcycles, the premium ones to be precise, are offered with a slipper clutch. A slipper clutch allows the rider to downshift at high speeds without worrying about locking the rear wheel. 
  • Premium KTM bikes such as the RC 390 come with the QuickShifter+ feature that allows clutchless gearshifts. The RC 390 also comes with the highly sought-after SuperMoto mode. SuperMoto mode is KTM’s proprietary technology that allows the rider to switch off the rear wheel’s ABS sensor. When engaged, the SuperMoto mode allows riders to enter corners with drift mode.

Take a test ride of a KTM motorcycle today to learn more.

Must read:  Things You Must Need To Know About The KTM RC 125

How To Choose The Best Bike Loan Interest Rates?

Bike Loan Interest Rates

The prices of motorcycles in India are increasing at an exponential rate. Hence, it is no surprise that the demand for motorcycle loans across India is also quite high.

Since lenders are in the sector to make money, there could be instances where one can face exorbitant bike loan interest rates.

However, there is a solution to this issue. All one would have to do is follow the simple tips mentioned below.

  • Lenders would charge exorbitant bike loan interest rates to borrowers who do not have a spotless credit score. It means that borrowers who have defaulted on repaying their debts to other lenders would be charged high interest rates, so if you are looking for the best bike loan interest rates, you have to maintain a good credit score. There could be instances that a borrower with sketchy credit histories can even get their application rejected. Hence, the best step forward is to borrow money for a motorcycle only when one has a spotless credit score.
  • The next step one can take is to apply for a motorcycle loan only when their credit score is more than 750. Borrowers with CIBIL scores less than 750 can face exorbitant interest rates. Furthermore, the lender can even set debt repayment terms that are strict and non-negotiable such as high EMIs.
  • Borrowers should borrow money from lenders with whom they have a standing professional relationship. The logic here is simple. A lender with whom a borrower has a standing professional relationship has all the information about the borrower. It means that the lender would offer the borrower low interest rates and flexible debt repayment terms. This is a simple formula that lenders follow to retain their clients.

For more tips, one should consult with a professional financial advisor.

Must read: How We Can Calculate Two Wheeler Loan EMI?

Here is the Latest Price List of The Bajaj Bikes That You Need To Know

Uncategorized

Bajaj Auto is one of the largest motorcycle and e-scooter manufacturers in India. Similar to other two-wheeler brands, Bajaj Auto also updated the prices of its entire product range for India. The detailed Bajaj bike price list looks like this – 

  • Bajaj Platina 100 is offered at Rs. 64,225* (ex-showroom). The bike is offered in 4 variants. The top variant costs Rs. 81,359*.
  • Bajaj CT 110 is offered at Rs. 75,275* (ex-showroom). The bike is offered in 2 variants. The top-spec trim costs Rs. 80,616*.
  • Bajaj Platina 110 is available at Rs. 81,014*. The motorcycle entails two trims. The top-end trim costs Rs. 87,145*
  • Bajaj CT 125X is offered at Rs. 87,796*. Bajaj offers this bike in two trims. The top-spec trim costs Rs. 91,345*.
  • Bajaj Pulsar 125 is an entry-level sports commuter bike from Bajaj. It entails a starting price of Rs. 99,582* and goes up to Rs. 1, 10,236*.
  • Bajaj Pulsar 150 is offered at Rs. 1, 28,460* for the base trim. The top-spec trim is offered at Rs. 1, 37,319*.
  • Bajaj Pulsar NS125 is a naked streetfighter motorcycle. It entails the ex-showroom price tag of Rs. 1, 27,414*.
  • The street cruiser Bajaj Avenger Street 160 entails an ex-showroom price tag of Rs. 1, 42,971*.
  • The Bajaj Pulsar N160 is one of the latest additions to the brand’s portfolio. The bike is offered at Rs. 1, 51,892* for the base trim. The top-end trim is offered at Rs. 1, 55,258*.
  • The Bajaj Pulsar NS160 is another streetfighter motorcycle from the indigenous brand. It entails the ex-showroom price tag of Rs. 1, 52,777*.
  • The Bajaj Pulsar NS200 is the most powerful streetfighter motorcycle from the indigenous brand. It is offered in India at an average ex-showroom price of Rs. 1, 71,388.
  • The Bajaj Pulsar N250 is also a new addition to the brand’s portfolio. It is offered in two trims. The base price of the bike is Rs. 1, 64,890*. The price of the top-spec trim is Rs. 1, 85,069*.

Check the latest: Bajaj Bikes Price List

  • The Bajaj Pulsar F250 is the semi-faired version of the N250. The bike is offered in two trims. The base trim costs Rs. 1, 64,890* and the top-spec trim costs Rs. 1, 85,069.
  • The Bajaj Avenger Cruise 220 is a highway cruiser bike from Bajaj. It is offered at an average ex-showroom price of Rs. 1, 72,556*.
  • The Bajaj Chetak is the only EV currently produced by the two-wheeler brand. The Chetak is a revolutionary product that entails an aggressive price tag of Rs. 1, 66,808*.
  • The Bajaj Pulsar RS 200 is a compact sports bike from Bajaj. The motorcycle is available in India with an average ex-showroom price of Rs. 2, 09,633*.
  • The Bajaj Dominar 250 is a touring bike. It is the same bike as the D400 but with a 250 CC engine. It entails the average ex-showroom price tag of Rs. 2, 10,389*.
  • The Bajaj Dominar 400 is the top-spec motorcycle from Bajaj. It is made for touring. The motorcycle is available with an average ex-showroom price tag of Rs. 2, 73,949*.

Must read: Browse The List of Best Mileage Bikes in India

Browse The List of Best Mileage Bikes in India

Bajaj Bikes

Fuel efficiency is a Unique Selling Point for Indian motorcycle buyers. It has to be as the price of petrol in India is exorbitant, to state the least. Bajaj has quite a few fuel-efficient motorcycles for Indian riders. The following list will enunciate the top two of them.

Here goes –

Bajaj CT 110

Bajaj CT 110 takes the spotlight when one is looking for a reliable and fuel-efficient commuter bike. The reason is simple. The real-world mileage of the motorcycle is 70 KMPL. Bajaj has been successful in making this motorcycle the king of fuel efficiency. The brand achieved this by pairing the 115.45 CC BS6 engine with an electronic fuel injection system. 

The base price of this motorcycle is Rs. 75,275*. The top trim would cost Rs. 80,616*. Both prices are ex-showroom. The peak power and torque mappings for the engine of the bike are 8.48 bhp and 9.81 Nm respectively. The Combined Braking System is offered with the bike as a passive safety mechanism. The dry weight of the motorcycle is 127 kg. Its fuel tank is capable of holding 11 litres of petrol.

Bajaj CT 125 X

This is one of the latest additions to Bajaj Auto’s long list of fuel-efficient commuter motorcycles. The real-world mileage of the CT 125 X is 60 KMPL. This makes the bike one of the best mileage bikes in India with a 125 CC motor. The motorcycle has an average ex-showroom base price of Rs. 87,796*. 

Bajaj offers the motorcycle in two variants. The top variant entails the ex-showroom price tag of Rs. 91,345*. The engine powering the bike is a 124.4 CC, BS6 unit. The peak power and torque mappings for the engine are set at 10.7 bhp and 11 Nm respectively. The bike is offered with Bajaj’s patented Combined Braking System as a passive safety feature. The dry weight of the motorcycle is 131.5 kg and it has a fuel tank with 11 litres capacity.

To learn more about the motorcycles mentioned above, one should take a test ride.

Must read: Check The Latest Price List of Bajaj Bikes and Choose The Best One

Top 5 Things That You Should Know about Bajaj Pulsar 125 Neon

Bajaj Bikes

The Pulsar brand was single-handedly responsible for helping Bajaj Auto leave its mark forever in India. This is the reason why the majority of the motorcycles from Bajaj carry the ‘Pulsar’ brand name.

The brand’s smallest displacement Pulsar is the Bajaj Pulsar 125. The motorcycle is targeted towards the youth and those who want an affordable Pulsar.

The following sections will enunciate some aspects of this Bajaj motorcycle that helps to boost its sales.

Here goes – 

Available Colours and Design language

Like other Bajaj bikes, the Pulsar 125 is also available in multiple colours. Bajaj offers the bike in three colours. The names of the OEM-specific colour schemes are –

  • Solar Red
  • Neon Green and
  • Neon Silver

The overall design language of the bike is similar to the 150 CC variant of the Pulsar. The two bikes are almost indistinguishable if parked side by side. The similarity in the design language made the 125 CC sports commuter bike a huge success. 

Real-world Mileage and Performance

The real-world mileage of the 125 CC Pulsar is 42 KMPL which is quite impressive for a 125 CC engine. The motor is a 124.4 cc, single-cylinder, fuel-injected, BS6-compliant, air-cooled, DTSI unit. The peak power of 11.64 bhp is available at 8,500 rpm. The peak torque of 10.8 Nm is available at 6,500 rpm. The engine is paired with a five-speed transmission unit.

The performance of the engine is linear. The low-end torque is enough for smooth city commutes. The mid and top-end power of the engine is ideal for long highway rides and hilly roads.

To learn more about the bike, the reader can head over to the nearest Bajaj dealership.

Must read: Here Is The List of Bajaj Bikes That You Should Buy This Year

Top Reasons Why You Should You Buy The KTM RC 390

KTM Bikes

The RC 390 is a compact sports bike. It is one of the best-selling motorcycles in India in its category. There are several Unique Selling Points that boost the sales of the motorcycle.

Some of them are mentioned below – 

The current iteration of the bike looks amazing

The latest iteration of the KTM RC 390 comes with a heavily revised single headlamp unit. The front turn indicators and the DRL are integrated into the front fairing. The windshield and the rearview mirrors are also revised.

KTM currently offers the bike in three colour options. They are – 

  • Orange
  • Factory Racing Blue and
  • GP Edition.

The Engine is amazing

Similar to other KTM Bikes in India, the RC 390 got several engine upgrades this year. One of them is a larger air intake that allows the engine to produce more low-end torque. The engine is the same 373 CC liquid-cooled, single-cylinder, fuel-injected unit. The peak power and mapping for the engine are set at 42.9bhp and 37Nm respectively. The true potential of the motor is unlocked beyond 7,000 RPM. The redline for the engine is set at 10,000 RPM! The radiator for the engine now comes with two fans for better engine heat management.

Browse more: KTM Bikes in India

Performance focussed hardware – Trellis frame and WP APEX suspensions

The bike’s Trellis frame has been revised.

The front and rear wheel suspensions are from the latest generation of WP’s APEX range. The front wheel gets a USD fork suspension and the rear wheel gets a preload-adjustable monoshock.

Must read: KTM Duke 200 – Best Things That You Should Know About

Here Is The List of Bajaj Bikes That You Should Buy This Year

Bajaj Bikes

Bajaj recently introduced quite a few new motorcycles for its Indian market segment. This post in the following sections will shine a light on two of them.

Here goes – 

Bajaj Pulsar N160

One of the latest Bajaj bikes that have been getting quite a lot of limelight is the Pulsar N160.

The street bike entails an aggressive price tag of Rs. 1, 51,892*. The motorcycle is available in two variants. Bajaj offers 4 colour options as well. The top-end, dual-channel ABS variant of the bike entails a price tag of Rs. 1, 55,258*. The engine on the bike is a 164.82 CC, BS6-compliant motor. The power mapping for the engine is set for 15.68 bhp. The torque mapping for the engine is set for 14.65 Nm. The bike is offered from the factory with dual disc brakes and ABS.

Bajaj CT 125X

Bajaj also recently unveiled the CT 125X. It is the latest member in the CT range of commuter bikes from Bajaj.

The bike is available in India at a starting price of Rs. 87,796* for its base trim. The top-end trim of the bike entails an MSRP of Rs. 91,345*. It is easy to apply for a bike loan as most lenders have schemes designed for this motorcycle.

Bajaj offers three colour options for the bike. Powering the motorcycle is a 124.4 CC, BS6-compliant engine. The power mapping for the motor is set at 10.7 bhp. The torque mapping for the motor is set at 11 Nm. Bajaj offers the bike with front disc and rear drum brakes. A combined braking system is offered as a standard passive safety feature.
Must read: Here is the Latest Price List of KTM Bikes in India