Eager to buy your first Royal Enfield Classic 350 this Diwali yet worried about draining your bank account, then you need to check the festive offers that Bajaj Mall has to offer on two-wheelers. Book your favourite bike online on emi  from Bajaj Mall and get a pre-approved loan offer for your two-wheeler.

You can choose a two-wheeler loan and book a bike on EMI. Bajaj Finserv two-wheeler loans offers you ease, flexibility, safety and no strain on your budget, even if you are buying an expensive bike, the price of which starts from Rs 2,18,450, ex-showroom.

The all-new Royal Enfield Classic 350 is a legend. The bike embodies tradition of craftsmanship to the last detail and it really is a legend reborn in a new avatar. This machine is inspired by the post War G2 model, first born in the 1950s. When you look at its timeless design, which awed the motorcycling world back in the heydays of British motorcycling, you feel the urge to ride the masterpiece through the new roads, and often on no roads, across the country.

With its new ‘downtube’ chassis it rides strong and true, a bike that is also dependable. Today it has wider bars and tyres for effortless manoeuvrability and revving it up is smooth, with gentle gearshifts, the power coming from the new 350 J platform. One can go on with its positive aspects, but with that price tag, you probably would not want to block the entire amount and book the bike on EMIs instead.

Complete funding environment

Not only does the Bajaj Finserv two-wheeler loan allow you to avail of 100% of the on-road price of the motorcycle, it also takes care of your other worries. Don’t worry much about your CIBIL score, because there is no minimum score defined for this loan. One may add that if it is below 720 it might just lead to a lower loan amount approval. In case you have met other eligibility criteria, there is little chance of your loan application being rejected.

The other big plus is a long tenure of up to 60 months for you to pay back the loan. If you factor in the interest rate in calculating the instalments while booking the bike on EMIs – this ranges from 9.25% to 14%, depending on the your profile and on the tenure of the EMIs that you choose – you will realise that the monthly payouts will never let your strict family budget go out of hand.

Enfield allows a ‘Make it Yours’ format for the all-new Royal Enfield Classic 350, through which  you can ‘personalise’ your motorcycle before you book your motorcycle. That will, obviously add to the price tag. Other things adding to the price tag will be the insurance, road tax, accessories etc. Remember, you can avail of a maximum of Rs 20 lakh from this loan. So, go ahead with your personalisation.

Read: Venture Capital India


Before applying, be sure you are eligible for the loan. The eligibility criteria is easy: 

  1. You must be an Indian.
  2. You need to be between 18 and 65 years old.
  3. In case you are between 18 and 21 years old, you will be required to present a co-applicant.
  4. All, including salaried individuals, self-employed persons, students, homemakers or even pensioners can get this loan.
  5. Do not worry about income proof documentation; that is not required, if you have met the other criteria.
  6. You do not even have to present a guarantor for the loan
  7. You will need to submit all KYC documents, such as Aadhaar, PAN card and Voter ID card. 

Once you have fulfilled the above criteria, click here to go online and open the online loan form for your new Royal Enfield Classic 350.

As you log in, you will have to fill a simple form with some details.

  • Name
  • Your 10-digit mobile number
  • Feed back the OTP you get on your phone
  • Some other minor details.

That sets the process in motion for booking the bike on EMIs. Soon after you have verified your number with an OTP, a call Bajaj Finserv representative will call you and guide you through the next steps.

The approval is generally available in 60 minutes. You pick your amount for the bike and your loan repayment tenure. Pay a standard and nominal processing fee, hypothecation charges and stamp duty cost. You are now all set to buy your bike from the showroom.

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