Minimum downpayment for TVS Apache 160? finance plan

With time, we keep seeing changes in the vehicles and along with them, the price of the bike also keeps on increasing and the inflation is increasing… In such a situation, if you are thinking of buying a bike and the budget is less, then you can buy your bike here. You can take the car on finance. It is seen many times that a bike is necessary for us. According to your work, you should buy a car in such condition so that you can do your work like doing some business or going for a job.

So if you are thinking of buying TVS Apache 160, then he will tell you what is its minimum down payment. Before that, let us talk about the price of all the 160cc bikes in the Apache series from TVS. This price is being told to you of Uttar Pradesh.

TVS Apache 160 Finance Plan
TVS Apache 160 Finance Plan

TVS Apache 160 2V Price

DRUM

  • Ex-showroom price: ₹ 1,19,790
  • Onroad Price: ₹ 1,44,300 ~ ₹ 1,47,252

disc

  • Ex-showroom price: ₹ 1,22,990
  • Onroad Price: ₹ 1,48,150 ~ ₹ 1,51,580

Disc+Bluetooth

  • Ex-showroom price: ₹ 1,26,990
  • Onroad Price: ₹ 1,51,781 ~ ₹ 1,53,899

TVS Apache RTR 160 4V Price

Drum (Disc Front – Drum Rear)
Ex-Showroom Price: ₹ 1,24,020
Onroad Price: ₹ 1,47,620 ~ 1,50,805

Disc (Dual Disc)
Ex-showroom price: ₹ 1,27,520
Onroad price: ₹ 1,51,459 ~ 1,54,250

Bluetooth

  • Ex-showroom price: ₹ 1,32,220
  • Onroad Price: ₹ 1,59,514 ~ ₹ 1,62,510

Special Edition
Ex-showroom price: ₹ 1,32,320
Onroad price: ₹ 1,56,723 ~ 1,59,980

finance conversation

Down payment for the car means how much money we are depositing while buying the car. After deducting this money from the on-road price, we have to pay the loan only for the price that remains. The minimum down payment for the car is decided according to each customer’s CIBIL score. The loan agent sitting in the showroom will use this score to tell you the minimum down payment for this car using your Aadhar card and PAN card. How much is the down payment?

According to a basic rule, you have to deposit 20 to 25% of the on-road price of the vehicle as down payment and the remaining 80% has to be taken as a loan. So let us know what will be the details of Dosti Finance if you buy Apache 160 2v model with dual disc brake…

TVS Apache 160 2V Disc (Front+Rear Disc)

  • Ex-showroom price: ₹ 1,23,820
  • Onroad Price: ₹ 1,48,919 ~ ₹ 1,51,500

Down Payment: Rs. 37,229 (25% of 148919 = 37229.75)
Loan amount: ₹ 1,11,690 (₹ 1,48,919-37,229 = 1,11,690)
Interest rate: 11.5% (It ranges from 10.5% to 12.5% ​​in every company/bank) varies)

Monthly EMI for 2 years: ₹ 5,232
Monthly EMI for 2.5 years: ₹ 4,301
Monthly EMI for 3 years: ₹ 3,683
(Here you can choose your own time to pay the loan EMI like two years or three years)

I want to pay the full EMI in one year?

If you want me to deposit the entire EMI within a year? So for this you will have to make a down payment of at least 50% of the on-road price of the vehicle, only after that you will be offered a 1 year scheme to deposit your monthly installment…

  • Onroad Price: ₹ 1,48,919 ~ ₹ 1,51,500
  • Down payment: 74,460
  • Loan amount: ₹ 74,459
  • Interest rate: 11.5%
  • Monthly EMI for 1 year: ₹ 6,204

FAQ

Q. What is the minimum downpayment for TVS Apache 160?

A. 20 to 25% of on-road price (25% of 148919 = 37229.75).

Q. What will be the monthly EMI of TVS Apache 160 for 1 year?

A. Monthly EMI for 1 year on 50% down payment of the price is ₹ 6,204.

Apache RTR 160 4V Review

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