A large number of Indians prefer motorcycles because of their affordability and convenience. Most buyers give importance to the price of the bike and its fuel efficiency while making their purchase.
If you are considering buying a bike within your budget, here is a list of eightaffordable bikes.
- Hero HF Deluxe
This is a 97.2cc engine model offering 8.24bhp power and 8.05 Nm torque. The air-cooled four-gear model offers a mileage of 83 kilometers per liter (kmpl). It is available in several colors and is priced at approximately INR 45,995.
- TVS Sport ES
Available in several colors, this model is powered by a 99.7cc four-stroke engine. It generates 7.5bhp power and 7.5Nm torque. Priced around INR 42,000 the TVS Sport ES attains a speed of 60 kmphwithin 10 seconds.
- Mahindra Centuro
It offers a catchy appearance and comes with a MCi-5 106.7 cc engine. It generates 8.5bhp power and 8.5Nm torque with a mileage of almost 80kmpl. The approximate price of this bike is INR 50,000.
- Bajaj Discover 100
The Discover is popular among the budget-conscious Indian population. This model is available with a 100cc four-stroke engine that generates 7.7bhp power and 7.85Nm torque. The bike offers a fuel tank capacity of 8 liters and mileage of about 91 kmpl. This model costs around INR 45,000.
- Hero SplendorPlus
The Hero is amongst the most popular companies in India. This model is powered by a 97.2cc air-cooled single cylinder engine generating 8.05Nm torque and 8.24bhp power. The Splendor costs roughly INR 49,006.
- Honda Dream Yuga
Honda understands the Indian market making it extremely popular among buyers. The Dream Yuga is powered by a 109cc engine that is capable of generating 8.91Nm torque. This model is priced at about INR 55,000.
- Suzuki Hayate EP
The Hayate is powered bya 112.8cc single-cylinder engine offering 8.4Nm torque. It comes with an 8-liter fuel tank capacity and is expected to be popular among young buyers. You may buy this bike for about INR 52,754.
- Hero Passion Pro
If you want a sturdy bike, the Passion Pro is an excellent choice. The fuel tank capacity is 9.5 liters. It is powered by a 109cc four-stroke air-cooled engine that generates 9.36Nm torque. This model offers a mileage of 69kmpl and is priced around INR 48,000.
A two-wheeler is convenient and makes travel easier especially during heavy traffic. It helps you save time and provides flexibility without depending on public transportation. Owning a two-wheeler is no longer an impossible dream. Several banks and non-banking financial companies (NBFCs) offer bike loans at an affordable interest rate.
Here are five reasons that make such loans popular.
- You may avail of up to 95% of the on-the-road price of the motorcycle through a two-wheeler loan.
- Financial institutions require minimal documents, thereby ensuring you ride home your bike in a short period of time.
- To ensure you have no financial difficulties in repaying the borrowed amount, you may opt for tenure between one and five years.
- Lenders offer flexible Equated Monthly Installment (EMI) repayment schedule based on affordable two-wheeler loan interest rates ensuring servicing is not stressful.
- The financial institutions hypothecate your bike to secure the loan amount. You do not need to offer an additional security to cover the borrowed amount. This ensures you do not risk your personal assets while purchasinga bike on EMI.
Most non-banking financial companies (NBFCs) and banks offer such loans. Comparing various products offered by different lenders online will help you get the best bike loan interest rate. Most lenders do not levy high processing fees to make the loan more affordable. Avail of such a loan now and ride home your bike without any financial constraints.