0 Down Payment Bike in Nepal 2023: EMI Calculator
Are you planning to buy a new bike in Nepal without breaking the bank? Look no further! With the 0 down payment bike scheme, you can ride your dream bike home without paying a single rupee upfront. In this article, we will explore the 0 down payment bike options available in Nepal in 2023, along with an EMI calculator to help you plan your finances.
What is 0 Down Payment Bike Scheme?
The 0 down payment bike scheme is a financing option offered by banks and financial institutions in Nepal. With this scheme, you can buy a bike without paying any down payment or initial deposit. Instead, you can pay the full amount in easy monthly installments (EMIs) over a period of time.
Benefits of 0 Down Payment Bike Scheme
- No Down Payment: You don't need to pay a single rupee upfront.
- Easy on the Pocket: Spread the cost of the bike over a period of time, making it more affordable.
- Flexibility: Choose from a range of tenure options to suit your financial needs.
0 Down Payment Bike Options in Nepal 2023
Here are some of the popular bikes available in Nepal with 0 down payment option:
1. Bajaj Pulsar 150
- Price: NPR 2,34,900
- EMI: NPR 10,391/month (36 months)
2. Hero Glamour
- Price: NPR 1,92,000
- EMI: NPR 8,456/month (36 months)
3. Honda CB Shine
- Price: NPR 2,14,000
- EMI: NPR 9,416/month (36 months)
4. TVS Apache RTR 160
- Price: NPR 2,34,900
- EMI: NPR 10,391/month (36 months)
5. Yamaha FZS FI
- Price: NPR 2,54,900
- EMI: NPR 11,195/month (36 months)
EMI Calculator
To calculate your EMI, you can use the following formula:
EMI = (Total Amount / Tenure) x (Interest Rate / 100)
Where:
- Total Amount: The price of the bike
- Tenure: The number of months you want to spread the payment over
- Interest Rate: The rate of interest charged by the bank or financial institution
For example, let's calculate the EMI for the Bajaj Pulsar 150:
- Total Amount: NPR 2,34,900
- Tenure: 36 months
- Interest Rate: 12% per annum
EMI = (2,34,900 / 36) x (12 / 100) = NPR 10,391/month
Conclusion
Buying a bike with 0 down payment in Nepal is now easier than ever. With a wide range of options available, you can choose the bike that suits your needs and budget. Use our EMI calculator to plan your finances and ride your dream bike home today!
