Hero Splendor Plus on EMI: If you bring home Hero Splendor Plus by paying a down payment of Rs 10,000, then you will have to take a loan of Rs 78,579 on the remaining amount. Let’s know the details of the bike.
Hero Splendor Plus Finance Plan: Hero Splendor Plus is well liked in the Indian market. This bike of the company is the most selling, which is in great demand. If you are planning to buy Hero Splendor Plus, but you have a limited budget, then here we are going to tell you about buying this bike on EMI.
If you can buy Hero Splendor Plus with a down payment of just Rs 10,000 and then bring it to your home by paying a fixed EMI every month. Let us know how much EMI you will have to pay to bring Hero Splendor home and along with that how much interest you will have to pay on it.
On-road price of Hero Splendor
The starting price of Hero Splendor Plus is Rs 76,306. If you buy it in Delhi, you will have to pay Rs 6,104 RTO (Road Transport Office) and Rs 6,169 road tax. With these additional expenses, the on-road price of the bike becomes around Rs 88,579.
How much EMI will have to be paid every month?
If you bring home Hero Splendor Plus by paying a down payment of Rs 10,000, then you will have to take a loan of Rs 78,579 on the remaining amount. If the annual interest rate on this loan is 10.5 percent, then you will have to pay an EMI of about Rs 2,554 every month for 36 months.
In this way, in total, you will have to pay an EMI of Rs 1,944 against the on-road price of the bike of Rs 88,579. In this three-year period, you will have to pay about Rs 13,365 as interest. For your information, let us tell you that this EMI calculation is an estimated value.
The ARAI claimed mileage of Hero Splendor Plus bike is 73 kilometers per liter. It is also better for long distances with a 9.8-liter fuel tank. This bike can be driven up to 716 kilometers on a full tank.
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