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Loan for TVS Jupiter

Highlights

  • Check the loan schemes given by various institutions for TVS Jupiter.
  • Go through the Specifications and Variants of TVS Jupiter.
  • Know your EMI before you take a loan to buy TVS Jupiter.

Now having a two-wheeler is no more luxury because it has become a necessity for many individuals. People prefer having a two-wheeler as it helps them commute from one place to another easily. We all know that TVS Jupiter is one of the old two-wheelers and it has improved its performance in every new version. So most of the people prefer TVS Jupiter when it comes to buying an affordable two-wheeler. But there are some individuals who can’t afford this scoter because of its price and they want the loan for TVS Jupiter. So, if you are one of them then you must see the various financial institutions that can give you a two-wheeler loan for this scooter.

Top 10 Banks for TVS Jupiter Loan

You can go through the list of banks that can give you a two-wheeler loan so that you can buy a new TVS Jupiter. These banks will charge an affordable rate of interest so that you can manage your EMIs.

Name of the Lending InstitutionsInterest RateTenure
HDFC Bank20.90% Onwards12 Months to 36 Months
Bank of Baroda11.50% Onwards12 Months to 36 Months
Axis Bank10.80% to 28.30%12 Months to 36 Months
Kotak Mahindra Bank11.50% Onwards12 Months to 36 Months
State Bank of India16.05% Onwards12 Months to 36 Months
ICICI Bank10.25% to 27%12 Months to 36 Months
IndusInd Bank12% to 29%12 Months to 36 Months
UCO bank11.70% Onwards12 Months to 36 Months
Bajaj Finance7.85% Onwards12 Months to 36 Months
Allahabad Bank8.40% to 11.65%12 Months to 36 Months
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If you want to increase the tenure then you can ask the bank give you some extra time to repay the loan. The tenure of the loan depends on the relationship of the customer with the bank. On the other hand, the rate of interest is also negotiable and it will be determined on the basis of your past payment history.

EMIs on the Loan for TVS Jupiter

Suppose the on-road price of the TVS Jupiter Standard Variant is ₹77272. So, if you are willing to buy this variant then you must see the EMI you will have to pay for a specific tenure and at a specified rate of interest on the bike loan.

Principal AmountInterest RateTenureEMIInterest Payable
₹7727212%2 Years₹3637₹10027
₹7727215%2 Years₹3747₹12648
₹7727220%2 Years₹3933₹17116
₹7727212%3 Years₹2567₹15123
₹7727215%3 Years₹2679₹19160
₹7727220%3 Years₹2872₹26109

As you can see that the EMI are affordable so it will be easy for you to buy a TVS Jupiter on Loan. On the other hand, by giving just a small portion of your monthly income as an EMI you can get a TVS Jupiter at home.

Down-Payment Option

The company also allow you to make part payment for the scooter and the balance amount will be given as loan to you. It simply means that if you are having ₹20000 then you can make it as a down payment for TVS Jupiter and ₹57272 will be the loan. The amount of ₹57272 will be divided into EMI by the bank from where you will take the two-wheeler loan.

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Variants of TVS Jupiter Scooter

There are four variants of TVS Jupiter and you can see their ex-showroom prices. The on-road price of these variants might differ from city to city. You can check the on-road price of these variants in Delhi.

VariantEx-Showroom Price
TVS Jupiter Standard (STD)₹63852
TVS Jupiter ZX BS6₹66077
TVS Jupiter ZX Disc with i-TOUCHstart BS6₹69577
TVS Jupiter Classic BS6₹79892

Note:- The on-road price of the Two-Wheeler includes:-

  • The Registration charges at the RTO Office.
  • Insurance charges of the two-wheeler.
  • Accessories added to the vehicle at the time of purchase.

Specification TVS Jupiter

ParticularsDetails
VariantsStandard, ZX BS6, ZX Disc with i-TOUCHstart BS6, and Classic BS6
Engine Cubic Capacity109.7cc
Fuel Economy (Mileage)56 km per Litre
Maximum Speed85 km/hr
Fuel Tank Capacity5 Litres
StartingKick Start and Self Start
Speedo MeterAnalogue
Emission TypeBS6 Engine
Max Power7.47 PS @ 7000 RPM
Fuel TypePetrol
Gear TransmissionAutomatic
Braking SystemDrum Brakes with a Combi Brake System
Tyre TypeTubeless Tyres
Weight109 Kgs
Tail LightLED

Conclusion

Now you know how easy it is to take a loan for TVS Jupiter. There are various financial institutions that grant loans for a two-wheeler as well. You must also see the specifications of the scooter and the EMI that you have to pay for a specified tenure. The rate of interest is negotiable if you have a good relationship with the bank.

Disclaimer:- Information related to the price of two-wheeler depends on city from where you are buying it. Check the on-road price first on the current date before buying the two-wheeler.

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HDFC Bank10.75% - 21.45%
ICICI Bank10.75% - 17.50%
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Axis Bank7.75% - 8.55%
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