- Bring Home a TVS Radeon Bike with Just a ₹10,000 Down Payment: Read the Full Finance Plan
TVS, a leading two-wheeler manufacturer in the country, offers the Radeon bike in the entry-level segment. If you are planning to buy this bike, here’s how much you need to pay as EMI every month after making a down payment of ₹10,000. We provide you with all the details in this report.
Priced at ₹62,630
TVS’s entry-level segment bike, Radeon, is available across the country. The ex-showroom price of this bike in Delhi is ₹62,630. To purchase this bike in Delhi, you’ll need to pay ₹5,010 for RTO and around ₹6,274 for insurance. Additionally, there are other charges amounting to ₹2,217. Consequently, the on-road price of the TVS Radeon will be ₹76,131.
EMI of ₹2,149
When you buy this bike, the bank will finance it based on the ex-showroom price. With a ₹10,000 down payment, you’ll need to finance approximately ₹66,131 from the bank. If the bank offers a loan of ₹66,131 at an interest rate of 10.5% for three years, you’ll have to pay an EMI of ₹2,149 every month for the next three years.
Bike Costs ₹11,000 More
If you take a two-wheeler loan of ₹66,131 from the bank at an interest rate of 10.5% for three years, you’ll pay an EMI of ₹2,149 per month for three years. Over these three years, you’ll end up paying ₹11,248 as interest. This means that the total cost of the TVS Radeon, including ex-showroom price, on-road price, and interest, will be approximately ₹87,379.
