To buy a Royal Enfield bike on an EMI basis when you're not in your home state, you can follow these steps:
Research and Choose a Dealer: Identify authorized Royal Enfield dealerships in the state or city where you are currently located. Visit the official Royal Enfield website or use online directories to find dealerships near you.
Contact the Dealer: Once you have identified a dealership, get in touch with them either by phone or email. Inquire about the availability of the desired Royal Enfield bike model and express your interest in purchasing it on an EMI basis. They will guide you through the process and provide you with the necessary information.
Check Eligibility and Documentation: The dealer will inform you about the required documents and eligibility criteria for purchasing the bike on EMI. Typically, you will need to provide identification documents such as your Aadhaar card, PAN card, address proof, income proof, and bank statements. Ensure you have these documents readily available.
Loan Application and Approval: Complete the loan application process as advised by the dealer. This usually involves filling out an application form and submitting the required documents. The dealership may have tie-ups with banks or financial institutions that offer two-wheeler loans. The lender will evaluate your application and determine your eligibility for the loan.
Loan Processing and Agreement: If your loan application gets approved, the lender will process the loan and provide you with the necessary loan agreement and terms. Carefully review the terms and conditions, including the EMI amount, interest rate, repayment tenure, and any additional charges or fees.
Down Payment and Documentation: After agreeing to the loan terms, you may be required to make a down payment. The dealer will guide you on the payment process. Additionally, you will need to complete the necessary documentation, including signing the loan agreement and providing any other required paperwork.
Bike Delivery and EMI Payments: Once the loan processing and documentation are completed, you can proceed with the bike purchase. Pay attention to the scheduled EMI payments and ensure you make them on time to avoid any penalties or negative impact on your credit score.
It's important to note that the specific process and requirements may vary depending on the dealership, lender, and your location. Therefore, it's advisable to directly contact the authorized Royal Enfield dealership and discuss the steps and procedures they follow for purchasing a bike on EMI when you're not in your home state.