If you are also thinking of buying Hero Splendor Plus, but your budget is very low, then this is a great opportunity for you. Now you can bring this bike home with a down payment of only 10 thousand rupees and then you can take it 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 how much interest you may have to pay along with it.

The starting price of Hero Splendor Plus is Rs 76,306. If you buy it in Delhi, you will also 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 can go up to around Rs 88,579.

How can you buy a bike on EMI?: The news says that if you bring home Hero Splendor Plus by making a down payment of Rs 10,000, then you will have to take a loan for the remaining amount of Rs 78,579. If the annual interest rate on this loan is 10.5 percent, then you may have to pay an EMI of about Rs 2,554 every month for 36 months. 

In this way, 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 approximately Rs 13,365 as interest. For your information, let us tell you that this EMI calculation is an estimated value.

Contact your nearest dealership: Not only this, the actual EMI amount depends on the dealership you choose, location and special offers. Apart from this, the interest rate on the loan can also affect your CIBIL score. For more accurate information, contact your nearest dealership.

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