No one can deny the utility of bikes, especially after the Covid-19 epidemic. For preserving social distancing norms and safely navigating your way through dense traffic jams, there is nothing like a bike. But a bike can do more than deliver you from point A to point B. If you are young, filled with zest for life, there is nothing like a bike ride up in the mountains to drive away the blues.
Top five bikes you can look at to fulfil your love for adventure are:
- Royal Enfield Himalayan: A bike that is customised for difficult terrain. Royal Field Himalayan has an energetic 411 cc air-cooled engine. It has a peak torque of 42 Nm at 4000-4500 rpm. Apart from its high speed ability, most safety features are also built in which ensure a hair raising yet secure ride.
- V-Storm 650 XT: With a 645 engine that can turn out 70 bhp at 8800 rpm and a six speed gearbox, it can help you navigate difficult terrains smoothly. It also has an in-built charging socket which makes it a green bike. The bike belongs to the higher end as far as pricing is concerned.
- Hero X-Pulse 200: This bike has an all-digital cluster with bluetooth connectivity, USB charging and turn by turn navigation. It has a 199.6 cc engine with a five speed gearbox. Its efficient shock absorbing mechanisms facilitate a long, smooth ride especially in difficult terrain.
- Triumph Tiger 900 Rally: A powerful bike, It epitomises a true adventure bike. Powered by 888 cc, liquid-cooled engine, it can reach a maximum power of 93.9 bhp power. It commands a hefty ticket price of Rs. 15,00,000.
- Honda Africa Twin: It has a 1082.96 cc liquid engine which can help you realise all your dreams to scaling high peaks and having a true adventure. It also hosts numerous safety features which guarantee your safety while enjoying high adventure.
You can look at two wheeler Loan options to defray the whole or part of your cost of purchase of a bike. These loan options have flexible terms and the bike loan can be structured to suit your convenience.
Loan financing: Loan financing can vary anywhere between Rs. 25,000 to Rs. 3,00,000.
Tenure of a bike loan: The tenure for the loan repayment can be scheduled at your convenience and can vary between 6 months to 5 years.
Interest Rates: Two-wheeler Loan interest rates can start from 10.75% p.a. upwards for your Equated Monthly Instalments (EMI) payments.
Repayment: Repayments can be structured around how much you are comfortable paying off, how much flexibility in your monthly salary to pay off the monthly instalments, and the two-wheeler interest rates you are comfortable with. Normally there are two EMI options; fixed and structured EMIs for repayment. You can choose the option/combination you are comfortable with.
Modes of repayment: You can pay off your bike loan through online payments or by dropping off a cheque.
Miscellaneous charges: There are other charges like processing fees, penal interest charges (if you skip a payment), post dated cheque charges, bounce charges, cancellation charges, instrument swap charges, foreclosure charges, mandate rejection service charges (if there is no active mandate for the account from which post dated cheques are given), broken period interest charges, repossession charges, foreclosure report, duplicate NOC charges, post disbursement charges, stamp duty charges etc. GST at 4% is always added to the charges.
Two-wheeler Loan EMI Calculator: A two-wheeler loan EMI Calculator is a calculator where you can conveniently calculate the EMI instalment payable by you after you input the loan principal, interest rate and loan tenure.
Eligibility for a Two Wheeler Loan: You should be between 21 to 60 years. You should have resided in the city where you are applying for a loan for at least two years and should be in stable, income-generating employment for at least one year. You have to submit the following documentation to secure the loan: 1) Identity proof documents like Pan Card, Aadhaar Card, Driving licence etc. with two passport size photographs. 2) Income proof like a salary certificate issued from the place of your employment 3) Residence Proof like Aadhaar card 4) the last three months’ statement from your bank showing your account activity.