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Buy Yamaha R15 On EMI & Zero Down payment
Purchasing a vehicle is always a tough decision as the costs pierce hard into our wallets. But in the past few years, to aid in buying the bike or car of their dreams, more people have started taking vehicle loans. And according to a journal article, it was noted that there was an 8% increase in the outstanding vehicle loan amount from the year 2020 to 2021.
When we think of bikes, there is one that we see almost everywhere, the Yamaha R15. It is a sporty bike that many youngsters and adults wish to possess. There are various models you can choose from, one of the most popular is Yamaha R15 V4. It offers you max horsepower at 10,000 rpm.
But these amazing bikes are pricey. With Finnable, you can now get the vehicle of your choice within a short period just by applying for a vehicle loan. And pay low interest every month known as equated monthly instalments, also known as EMI. Finnable offers you zero down payment when you apply for Yamaha R15 on EMI. So, you can enjoy a smooth ride on the adventurous Indian roads.
Why Should You Buy a Yamaha R15 On EMI?
One of the top reasons is that you don’t have to pay the entire amount all at once after taking the loan. It helps you manage your finances calmly and also eases most of your financial burden.
Another reason why you should buy Yamaha R15 on EMI with Finnable is because of our low-interest rates. At Finnable, the interests of repayment are set up keeping in mind the customer’s affordability.
It also helps in increasing your credibility. When you get a loan, your loan transaction is documented. So, if you pay all the EMIs on time, it improves your credit score.
You can manage your finances efficiently with EMI as you get the flexibility to select the loan amount according to your budget.
At Finnable, the process of applying for a loan is completely digital. You won’t have to face the trials and tribulations of coming down to the branch. You can pay our EMIs in the comfort of your home.
Yamaha R15 EMI Calculator
Before applying for an Yamaha R15 on EMI, why not be a little more certain about your EMI loan and its interest rate?
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Loan EMI
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Total Interest Payable
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Total Amount Payable
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Our R15 EMI calculator tells you the exact EMI amount you need to pay when you deposit the balance amount in your registered bank account. This will help in giving you a monthly budget and monthly cash flow appropriation.
Finnable’s R15 V4 EMI calculator calculates the EMI amount on the basis of three parameters; the loan amount, the rate of interest, and the tenure of the loan. So, how does it work?
The process is easy and simple. Once you reach the vehicle EMI calculator page on our website, the first step is to fill in your desired amount of loan or the amount of Yamaha R15 that you are buying in the ‘Loan Amount’ field. The maximum amount you can enter in the calculator for two-wheelers is 2 lakh.
The next step is to fill in the amount of interest that you wish to pay every month in the ‘Interest Rate’ field. If you don’t have a fixed monthly amount set aside for your loan interests, you can play with the numbers until you get the alternative that suits your accountability the best.
The last step is where you fill in the ‘Tenure(Months)’ field. In that, you have to fill in the months for which you will be paying the interest. You can select your desired repayment period from between 6 months to 60 months.
You will see the result within a snap of the fingers from when you enter the values in the respective fields. Furthermore, you can change the value you enter in the calculator until and unless it agrees with your monthly spending limit or ability to pay.
Yamaha R15 Key Specifications & Features
| Yamaha R15 V4 |
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The model has a 155 cc engine for power. |
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This R15 V4 engine produces 14.2 Nm of torque at 7500 rpm and 18.4 PS of power at 10,000 rpm. |
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It is rated at 60.56 kilometres per litre. |
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Front and rear disc brakes are included. |
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The R15 V4 has a kerb weight of 142 kg. |
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It sports alloy wheels and tubeless tyres. |
Yamaha R15 Price
| Price by Variant |
|---|
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The Metallic Red colour variant’s price is Rs. 1,79,400 |
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The Dark Night colour variant’s price is Rs. 1,80,400 |
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The Racing Blue colour variant’s price is Rs. 1,84,400 |
How to Buy Yamaha R15 on EMI with Finnable?
Setup Profile
Set up a profile via the Finnable website or by downloading the personal loan app from the Play Store and providing your contact information.
Choose Type of Loan
Choose the type of loan and enter the amount needed. Select an EMI plan that works best for you.
Check Eligibility
You can check your eligibility for the loan, by simply submitting our eligibility check form.
Submit Documents
Submit the required documents.
Congrats! Your bank account will be credited once the documents have been validated.
Yamaha R15 Loan Eligibility Criteria
- Profession - Fulltime Job in Public or Private Sector
- Age - Above 21 years and below 60 years
- Minimum monthly income - 20,000
- Credit score - 700 and above
- Must be a citizen or resident one of: - India
Documents Required for Yamaha R15 Loan
- Income Proof - Salary Slip of Last one Month
- Professional selfie - (Taken only through the App)
- Address Proof - DL | Aadhar | Passport
- ID Proof - V-ID | Aadhar | Passport | PAN Card
FAQs About Yamaha R15 EMI & Down payment
The interest rate ranges from 16% to 28% depending on the income, occupation, and the applicant’s credit history. It is highly advisable to use a vehicle loan interest rate calculator to derive the best-suited interest rate.
As it is a vehicle loan, it works similarly to how most other loans work. You purchase the vehicle using the funds received from the loan. This means you have agreed to repay the amount you have borrowed along with the interest that the vehicle loan rates may carry.
The EMI amount will depend on the principal amount of the loan, the rate of interest applicable on the loan amount, and the loan tenure selected by the customer. All these factors determine the actual amount of EMI that one needs to pay each month against the availed vehicle loan.
At Finnable, we offer up to 10 Lakhs of funding that you can avail of in terms of a two-wheeler loan or a four-wheeler loan. The loaning process with us is super easy. You can apply and get your loan granted with just a few clicks and the loan amount will be transferred into your bank account in no time.
No, it won’t. You can receive a loan for any bike you want. The cost of the bike you want the loan for determines the loan amount, term, number of instalments, and interest rate.
EMI payment structure makes it affordable to manage large purchases such as the Yamaha R15, while also giving you the flexibility to choose your monthly payout. EMI option also improves your credit score.
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