The Jawa 42 Bobber is unmistakably one of the most striking-looking motorcycles on sale in India, priced at Rs 2,05,872 (ex-showroom). If you are considering buying this bike on loan, here’s a detailed EMI breakdown for different loan tenures, with a down payment of Rs 23,000 and an interest rate of 9.7 per cent.
18 Month Loan
For an 18-month loan tenure, you will have to pay an EMI amount of Rs 12,612.
Here, the EMI is higher than the other tenures, but the interest is lower, at Rs 16,534. In this tenure, the total repayment comes to Rs 2,27,016.
24 Month loan
If you want a balanced scheme, the 24-month (2-year) loan tenure reduces the load of your EMI while keeping the interest amount manageable. You will have to pay an EMI of Rs 9,684, which is Rs 2,982 less than the 18-month loan. The interest, on the other hand, increases to Rs 21,934, and the total repayment cost is to 2,32,416 plus the downpayment.
36 Month Loan
If you want even more affordable EMI, then the 36-month (3-year) scheme is for you. You will have to pay an EMI of Rs 6,762, which is significantly lower than the 18-month and 24-month schemes. But while being easy on your pocket, this scheme has the highest interest at Rs 32,950, and your total repayment amount will be Rs 2,43,432.
BikeDekho Says
Getting a bike on loan is a smart move to avoid paying the full price of the bike upfront, making the purchase easier. However, at the same time, it also increases the overall cost of the bike. Additionally, the EMI and the interest rates ultimately depend on your CIBIL score and loan eligibility, so make sure you review the terms and conditions with your bank before you sign for it.
