I had the conversation with the IDFC Aprilia guy 2 weeks back and it was hilarious, he claimed 6.5 % of interest rate and finally when i multiplied the EMI ammount to no of installment it came as 10.76% i tried to ask for the breakdown of the charges and he almost started crying. Please Note : (Onroad price 5.25L - DP 2.25L = loan amount 3,00,000) + interest for 1 year @6.5% + Processing charge @ 2% + commission 3,00,000 + 19500 + 6000 + 6780 = 332280 / 12 month = 27690 Per Month
I think most of them haven’t done the maths themselves and just follow the paper given. And then the mistake stays there as nobody bothers checking. Did you end up booking the motorcycle or not?
Hello sir I want to buy its in Bangalore of down payment of 1.50l and what will be the emi for 60 months and 48 months. Can you help me regarding that ?
Hi Anshu - I am not aware if their interest rates have changed. I would suggest to go there and get the test ride first and then also get clear information on the emi
The bike is already too expensive in Bangalore, got mine in my state for 4.7 only. Also financing is too much of a headache, paying full amount is always better
@@intellimonk I got mine in Odhisa, the on road price quoted by dealer was 4.76, did the insurance from my side and saved almost 5k and got the bike on road at 4.71m we only have 6% road tax in the state.
I had the conversation with the IDFC Aprilia guy 2 weeks back and it was hilarious, he claimed 6.5 % of interest rate and finally when i multiplied the EMI ammount to no of installment it came as 10.76% i tried to ask for the breakdown of the charges and he almost started crying.
Please Note : (Onroad price 5.25L - DP 2.25L = loan amount 3,00,000) + interest for 1 year @6.5% + Processing charge @ 2% + commission
3,00,000 + 19500 + 6000 + 6780 = 332280 / 12 month = 27690 Per Month
I think most of them haven’t done the maths themselves and just follow the paper given. And then the mistake stays there as nobody bothers checking.
Did you end up booking the motorcycle or not?
Idfc bajaj both are frauds I recommend taking loan from nationalised banks
@@nandakumar5543 thanks for the headsup.
Hello sir I want to buy its in Bangalore of down payment of 1.50l and what will be the emi for 60 months and 48 months. Can you help me regarding that ?
Hi Anshu - I am not aware if their interest rates have changed. I would suggest to go there and get the test ride first and then also get clear information on the emi
Thank you for the video.
I cancelled the idea of buying this bike 🙏
That’s nice. Good to know it helped :)
Funny bro :P instead better to go with the personal loan with teh part payment option.
Sorry bro getting back really late - you mean take a personal loan and pay it off on lesser interest rate?
Sir what is the total on road price in banglore
@@sniperbrother7657 if you pay all at once - 5.23 lakh
@@intellimonk thank you sir
The bike is already too expensive in Bangalore, got mine in my state for 4.7 only. Also financing is too much of a headache, paying full amount is always better
I agree. It is quite expensive in Bangalore - the most road tax. Which state you got it for 4.7lakhs? Sounds like a bargain.
@@intellimonk I got mine in Odhisa, the on road price quoted by dealer was 4.76, did the insurance from my side and saved almost 5k and got the bike on road at 4.71m we only have 6% road tax in the state.
@@kankit230 that's great, Ankit. In bangalore its around 50k more. Did you get the bike delivered? how's your experience?