Loan For Royal Enfield Classic 500 Features
| Ex-Showroom Price | ₹ 2,01,000 |
| Maximum Funding | 100% of Ex-Showroom |
| Interest Rate | 11.83%* per annum |
| Lowest EMI Per Lac | ₹ 2,625 |
| Loan Approval Time | 30 Minutes |
| Digital Loan Approval Facility Available | Yes |
| Zero Down payment Option Available | Yes |
Advantages of Loan For Royal Enfield Classic 500
- Simple, fast, and hassle-free manner
- Quick Disbursal of Loan Expense
- Engaging Rate of Interests
- Easy and manageable repayment and prepayment plans.
Loan For Royal Enfield Classic 500 EMI Calculator
Use Dialabank EMI Calculator to determine the EMI of your loan.
Royal Enfield Classic 500 Bike Loan Interest Rate and Charges
| Interest Rate | 11.83% Per Annum |
| Processing Fee | Up to 3% of the Loan Amount |
| Foreclosure Charges | 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months) |
To check Two Wheeler Loan Interest Rate for all major banks you can visit: Two Wheeler Loan Interest Rate
Loan For Royal Enfield Classic 500 Finance Scheme and Offers
The Royal Enfield Classic 500 loan is available on a new and a used bike. The interest rate for the latest Royal Enfield Classic 500 bike is 11.83% per annum. The option of zero down payment for Royal Enfield Classic 500 bike loan also available to the buyers, which is a loan wherein the banker will finance the cost of the two-wheeler Royal Enfield Classic 500 that you wish to purchase, along with zero extra costs. Dialabank offers 100% of the value of the two-wheeler vehicle up to Rs. 1.5 lakhs.
Royal Enfield Classic 500 Loan Process
Availing the loan for purchasing your dream bike follows a simple method mentioned below:
- Begin the process by supplying a simple application on the Dialabank official website.
- Assemble all the required documents required for the loan support.
- Authenticate the needed documents with a Dialabank representative.
- Select the EMI value from the various options to open according to your support and follow up with the interest rate as well.
- Following all the documentation and confirmation, get your loan approval in the fastest.
Contact Dialabank on 9878981166 for interesting offers on loan.
Royal Enfield Classic 500 Loan Documents Required
For Salaried Individuals:
| Category | Documents Required |
| Identity Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Compulsory Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
For Self-Employed Individuals:
| Category | Documents Required |
| Identity Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Required Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
Click here to know more about Two Wheeler Loan Documents Required
Loan For Royal Enfield Classic 500 Eligibility
| Age | 21 Years – 65 Years |
| Income | Rs.7,000 PM (For Salaried Individuals) Rs.6,000 PM (For Self-employed Individuals) |
| CIBIL Score | Varies according to Bank’s criteria |
Click here to know more about Two Wheeler Loan Eligibility
About Royal Enfield Classic 500
The bike options a matte black combination with brass highlights on the bodywork. It conjointly gets brass-finished rims Associate in Nursingd an ‘End of Build’ serial numbered plaque on the aspect panel. For superior comfort, the bike comes with a thick itinerant seat as customary. It continues to be hopped-up by constant 499cc single-cylinder cool, fuel-injected motor, that generates twenty seven.5PS at 5250rpm and forty one.3Nm at 4000rpm. Brakes embrace a 280mm front and a 240mm rear disc with dual-channel ABS as customary.
Royal Enfield Classic 500 Specifications
| Ex-Showroom Price | ₹ 2,01,000 |
| Mileage | 32 Kmpl |
| Power | 27.57 PS @ 5250 rpm |
| Displacement | 499 cc |
| Max Torque | 41.3 Nm @ 4000 rpm |
| Fuel Capacity | 12.5 Liters |
| Self Start | yes |
| Rear Brake | Disc |
| Number of Cylinders | 1 |
| Tyre Type | Tubeless |
Colours Available For Royal Enfield Classic 500
| Black | Red | White |
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Loan For Royal Enfield Classic 500 FAQs
✅ What is the interest rate for getting a Royal Enfield Classic 500 Loan?
The interest rate for preparing a Royal Enfield Classic 500 Loan is 11.83% per annum.
✅ How to calculate EMI for a loan for Royal Enfield Classic 500?
To determine EMI for Royal Enfield Classic 500 Loan, you can use the EMI Calculator
✅ What is the minimum loan amount I can avail of for Royal Enfield Classic 500?
The minimum loan sum you can avail of for Royal Enfield Classic 500 is Rs. 10,000.
✅ Can I get a 100% loan of the Ex-Showroom Price for Royal Enfield Classic 500?
Yes, you can get a 100% advance of the Ex-Showroom Price for Royal Enfield Classic 500.
✅ How much processing fee charge for getting a Royal Enfield Classic 500 Loan?
The processing fee imposed for getting a Royal Enfield Classic 500 Loan is up to 3% of the loan value(maximum).
✅ What is the loan tenure for availing of a Royal Enfield Classic 500 Loan?
The loan tenure for availing of a Royal Enfield Classic 500 Loan is up to 4 years.
✅ How can I be eligible for the availing of a Royal Enfield Classic 500 Loan?
You can be eligible for availing of a loan for Royal Enfield Classic 500 if you are between 21 to 65 years, Indian, and least monthly income of Rs. 7,000(For Salaried) and Rs. 6,000(For Self-Employed).
✅ What are the documents required for getting a Royal Enfield Classic 500 Loan?
The documents required for getting a Royal Enfield Classic 500 Loan are a driving license, PAN Card, Voter ID, passport, Aadhar card, bank statement of the last 3 months, and salary slips of the last 3 months.
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