Loan for TVS Jupiter
Last Updated : Nov. 20, 2020, 11:42 a.m.
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 Institutions | Interest Rate | Tenure |
|---|---|---|
| HDFC Bank | 20.90% Onwards | 12 Months to 36 Months |
| Bank of Baroda | 11.50% Onwards | 12 Months to 36 Months |
| Axis Bank | 10.80% to 28.30% | 12 Months to 36 Months |
| Kotak Mahindra Bank | 11.50% Onwards | 12 Months to 36 Months |
| State Bank of India | 16.05% Onwards | 12 Months to 36 Months |
| ICICI Bank | 10.25% to 27% | 12 Months to 36 Months |
| IndusInd Bank | 12% to 29% | 12 Months to 36 Months |
| UCO bank | 11.70% Onwards | 12 Months to 36 Months |
| Bajaj Finance | 7.85% Onwards | 12 Months to 36 Months |
| Allahabad Bank | 8.40% to 11.65% | 12 Months to 36 Months |
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 Amount | Interest Rate | Tenure | EMI | Interest Payable |
|---|---|---|---|---|
| ₹77272 | 12% | 2 Years | ₹3637 | ₹10027 |
| ₹77272 | 15% | 2 Years | ₹3747 | ₹12648 |
| ₹77272 | 20% | 2 Years | ₹3933 | ₹17116 |
| ₹77272 | 12% | 3 Years | ₹2567 | ₹15123 |
| ₹77272 | 15% | 3 Years | ₹2679 | ₹19160 |
| ₹77272 | 20% | 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 .
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.
| Variant | Ex-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
| Particulars | Details |
|---|---|
| Variants | Standard, ZX BS6, ZX Disc with i-TOUCHstart BS6, and Classic BS6 |
| Engine Cubic Capacity | 109.7cc |
| Fuel Economy (Mileage) | 56 km per Litre |
| Maximum Speed | 85 km/hr |
| Fuel Tank Capacity | 5 Litres |
| Starting | Kick Start and Self Start |
| Speedo Meter | Analogue |
| Emission Type | BS6 Engine |
| Max Power | 7.47 PS @ 7000 RPM |
| Fuel Type | Petrol |
| Gear Transmission | Automatic |
| Braking System | Drum Brakes with a Combi Brake System |
| Tyre Type | Tubeless Tyres |
| Weight | 109 Kgs |
| Tail Light | LED |
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.