Hero Splendor is one of the most popular bikes in India. Honda Activa and Diamond Splendor are the two best selling two wheelers in India. Due to their low cost and good mileage, they have a huge customer base. Here we will tell you about the easy finance option of Hero Splendor. To buy this bike, we will give you complete information about downpayment to monthly EMI and loan interest on Splendor.
You will have to pay a down payment of Rs 8000 for the kick with alloy wheel variant of this bike. The on-road price of these models is Rs 76850. After down payment of Rs.8000, you can choose the tenure as per your convenience and pay the remaining amount every month.
You will have to pay interest at the rate of 9.7 percent on the loan taken for this bike. If you buy this bike on installment for 3 years i.e. 36 months, then your total loan amount will be Rs 68,850.
On financing this bike, you will have to pay Rs 2469 as monthly installment i.e. monthly EMI. In 36 months, you will repay a total of Rs 88,884 which is Rs 20,034 more than your loan amount. Let us tell you that Hero Splendor Plus is the best selling bike of the company. Not only is it Hero’s most successful bike but it is also one of the best selling two wheelers in India. Only Activa competes with it in terms of sales.