Hero Splendor EMI: In the context of two-wheelers within the Indian market, Hero Company’s motorcycles and scooters consistently rank among the most popular choices. The Hero Splendor Plus, in particular, stands out as the company’s best-selling model, enjoying considerable acclaim. If you are considering the purchase of a Hero Splendor Plus but are constrained by a limited budget, we will provide information on acquiring this motorcycle through an EMI plan.
EMI calculation for Hero Splendor
You can secure the Hero Splendor Plus with an initial down payment of merely Rs 10,000, followed by a fixed monthly EMI. We will outline the monthly EMI amount required to acquire the Hero Splendor, as well as the total interest payable. The base price of the Hero Splendor Plus is Rs 76,306. If purchased in Delhi, additional costs include Rs 6,104 for RTO (Road Transport Office) fees and Rs 6,169 for road tax, bringing the total on-road price to approximately Rs 88,579.
By making a down payment of Rs 10,000, you would need to finance the remaining Rs 78,579 through a loan. Assuming an annual interest rate of 10.5 percent, the monthly EMI would be approximately Rs 2,554 over a period of 36 months.
Consequently, the total EMI payments over this three-year term would amount to Rs 1,944 against the on-road price of Rs 88,579. Over this duration, the total interest paid would be around Rs 13,365. Please note that this EMI calculation is an estimated figure.
Note: Prices may vary slightly depending on location, dealer, and model variant. It’s always recommended to check with your local dealer for the most accurate pricing and availability information.