New Royal Enfield Himalayan loan EMI on Rs 62,000 down payment: Details explained

The new-gen Royal Enfield Himalayan was recently launched, making it one of the biggest motorcycle launches in the Indian market in 2023. While the overall ethos remains the same as the first-gen model, the new Himalayan features a new design, gets tons of new features, and is also more powerful thanks to a new liquid-cooled engine, which is Royal Enfield’s most advanced engine to date.
Planning to buy the new Royal Enfield Himalayan 450 and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the motorcycle, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –

To simplify the process, we have chosen an average tenure period of three years as standard, along with approximately 20% down payment amount, and an estimated 10% bank interest rate.Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your equated monthly installment (EMI) respectively.

Royal Enfield is offering the new Himalayan in three variants, namely Base, Pass and Summit, priced from Rs 2.69 lakh to Rs 2.84 lakh (ex-showroom) as a part of an introductory offer. However, the on-road (Delhi) price of the motorcycle is estimated to be between Rs 3.13 lakh and Rs 3.29 lakh.
Do let us know in the comments down below if you’d like to know the loan EMI for any other motorcycle, scooter or car of your choice!