Hero Splendor Plus Xtec 2.0 EMI Calculator: Down Payment, On Road Price, Finance, Loan

Splendor Plus Xtec 2.0 is the most demanded variant of XTEC lineup and it was launched on May 30, 2024. The EMI of this bike can go as low as .

Hero Splendor Plus Xtec 2.0 EMI Calculator

Hero Splendor Plus Xtec 2.0 On Road Price In Mumbai

The latest model of Hero Splendor Plus Xtec, Xtec 2.0 was launched in May 2024. Since its launch this model is growing strong in terms of demand and sales. The Ex-showroom of this bike in Mumbai starts at Rs. 84,995 while the On Road Price reaches Rs. 99,848.

This bike was launched with stunning graphics and the attractive colours: Matte Grey, Gloss Black, Gloss Red. The 2.0 is powered by a 97.2 cc, Air-Cooled, 4-Stroke which helps it generate a power output of 7.9 bhp @ 8000 rpm and peak torque of 8.05 Nm @ 6000 rpm.

This power is enough to attain a top speed of 75 kmph along giving mind boggling mileage of 73 kmpl. Xtec 2.0 is available at EMIs, below are given all the details you need to know before financing your dream bike.

Hero Splendor Plus Xtec 2.0 Down Payment And EMI

• Down Payment: ₹11,376
• Minimum EMI: ₹2,835
• Maximum Interest Rate: 9.7% to 15% per annum

It is recommended to go for a 1 year finance plan for Hero Splendor Plus Xtec as the 12 months tenure can save you upto ₹6,000-₹8,000 in comparison to 36 months tenure.

Hero dealers offer this bike at affordable EMIs as well as 0% down payment. Please check the latest offers with your nearest dealers. Here are the EMI tables for Hero Splendor Xtec 2.0 with 12%, 24%, and 36-month tenures at a 10% interest rate, maintaining minimal down payment:

12-Month Tenure (Most affordable option!)

Well, the EMI may not look the cheapest, but this is the most affordable plan starting at ₹7,725/month for 1 year, costing just ₹4,832 extra in interest.

24-Month Tenure (2 Years)

This plan is still better than 36 months in terms of interest, while the ₹4,055 EMI is 47% cheaper than the 12-month plan, but interest nearly doubles.

36-Month Tenure (3 Years)

This is the lowest EMI (₹2,835) and best for budget-conscious buyers, but interest triples vs the 12-month plan.

0% Down Payment vs 12% Down Payment (36-Month)

How It Works:

• If you pay ₹11,982 extra as down payment (12% of on-road price), the loan amount will be reduced from ₹99,848 to ₹87,866.
• It will save you ₹1,936 in total interest (₹23,257 – ₹14,122).
• The EMI will lower by ₹387/month (from ₹3,222 to ₹2,835).

Pro Tip:

If possible, use a personal loan for the down payment if its interest rate is less than 9.7%; you’ll still save money!

Key Insights (9.7% Interest Rate):

• Interest Savings:
  • 12-month: ₹4,832
  • 24-month: ₹9,444 (+98%)
  • 36-month: ₹14,201 (+198%)
• EMI Affordability: From ₹7,725 (1Y) → ₹2,835 (3Y)
• Total Cost Difference: 3Y plan costs ₹9,369 more than 1Y plan
• Pay ₹11,982 More Upfront to Save ₹9,135 in Interest!

Is it possible to get Splendor Plus Xtec 2.0 at 0 Down Payment?

All Hero Splendor models, including the Xtec variant, are available with affordable EMI options. While a 0 down payment for a Hero Splendor Plus Xtec 2.0 might be possible in some cases, it’s not a standard offering and depends on various factors like your credit score, lender policies, and the specific dealership. Generally, lenders finance a portion of the on-road price (around 80-90%), and the remaining amount is the down payment.

Hero Splendor Plus Xtec 2.0 EMI comparison with other bikes (36 months tenure, 10% interest)

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Hero Splendor Plus Xtec 2.0 Key Specs