Friday, October 4, 2024

Affordable TVS Radeon: Take it Home with Just ₹10,000 Down Payment

  • 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.

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