In the bike segment of the two wheeler sector, the number of bikes coming in low budget is very high, but even after this, there are many people like this, so they are not able to make the budget to buy these low cost bikes. Keeping such people in mind, we are going to tell you the cheapest bike in the bike segment and the complete details of buying it through very easy finance plan.
Here we are talking about Hero HF 100 by Hero MotoCorp which is the lowest priced bike of its company and it is preferred for its light weight and mileage.
Hero HF 100 price starts from Rs 51,450 (ex-showroom, Delhi) which goes up to Rs 63,051 on road. But you can buy this bike through easy plan without spending 50 thousand together.
According to the online down payment and EMI calculator, if you buy this bike through the finance plan, then the bank will give a loan of Rs 63,051 for this. After this loan, you will have to deposit Rs 6000 as a minimum down payment and after that, you will have to pay a monthly EMI of Rs 1,833 every month.
To repay the loan on Hero HF 100, the bank has given 3 years i.e. 36 months, during which the bank will charge interest at the rate of 9.7 percent per annum on the loan amount given.
After knowing the details of loan, down payment and EMI plan available under the finance plan, you can know the complete details of this bike from its engine to its mileage.
Hero HF 100 is powered by a single cylinder 97.2 cc engine based on air-cooled technology. This engine generates 8.36 PS of power and 8.05 Nm of peak torque. 4 speed gearbox has been given with this engine.
Regarding mileage, Hero MotoCorp claims that this bike gives a mileage of 83 kmpl and this mileage has been certified by ARAI.