Loan Amount
Up to ₹5 Lakh
Interest Rate
Starting at 16%* p.a.
Loan Tenure
12-36 Months

EMI Calculator to Buy a Cycle on EMI

Plan your monthly repayments using our easy-to-use EMI calculator for an Instant Loan. Simply enter the loan amount, interest rate, and loan tenure to calculate your monthly EMI amount.

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹ 50000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
16 %
36 %

Tenure

Months
12 Months
36 Months

Why Choose Poonawalla Fincorp

collateral icon Collateral-free
Loan
interest rate icon Competitive
Interest Rate
document icon Minimal
Documentation
EMI Icon Flexible
Tenure
Application icon Online
Application
charges icon Zero
Hidden Charges

How to Apply for an Instant Loan Online in Just 3 Steps

Step 1 of loan application: Click 'Apply Now' Fill out the online form to start your loan application.

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Step 2 of loan application: Upload Documents Provide your KYC documents to complete the verification.

Enter Details

Enter your DOB, PAN card number, monthly income, KYC details and residential details.

Step 3 of loan application: Get Funds Get the loan amount disbursed to your bank account.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

For an Instant Loan, you need to provide only a few essential and mandatory documents. The requirements generally include KYC documents such as your PAN and Aadhaar card for identity and address verification.

Our loan process involves minimal documentation, helping borrowers complete the application quickly.

  • When shopping for cycles, consider your style of riding, comfort preferences, and what you will primarily use your cycle for.

  • Purpose of Cycle Use: Your cycle should fit into your fitness, adventure, sport, or commute needs.

  • Frame Quality: Frames made of quality materials can greatly increase your comfort while riding and provide a longer lifespan for the product.

  • Brake System: Reliable brakes give you greater control over your cycle and will also improve your cycle safety.

  • Suspension Support: Cycles with front suspension will have a much smoother ride than those without a suspension system when riding on unevenly paved streets.

  • Gear and Speed Options: A higher number of gears will allow the rider to maintain pedalling speed no matter the type of terrain they are riding on.

  • Battery Range: For electric cycles, compare the battery performance (capacity) with the miles you will be able to ride on one charge.

  • Pedal Assist: Some electric cycles offer pedal assist features to reduce the effort needed to ride.

  • Budget Planning: When you make your decision, ensure that your choice meets your financial goals, including your monthly payment (EMI) preference.

  • Balancing performance, comfort, and affordability will help you to make the best decision on which cycle to purchase.

Purchasing a cycle on EMI offers financial convenience and greater flexibility for buyers.

  • No large upfront payment: Avoid paying the full amount at once during purchase.

  • Easy monthly instalments: Convert the cycle cost into affordable monthly instalments.

  • Flexible repayment options: Choose repayment plans that suit your financial needs.

  • Access to premium cycles: Buy advanced bicycles and electric cycles without financial stress.

  • Protection of hard-earned savings: Preserve savings while upgrading your riding experience.

  • Convenient purchase process: Enjoy a hassle-free financing experience with minimal documentation.

  • Affordable financing options: Explore cost EMI and no cost EMI plans based on eligibility.

With the right EMI plan, buyers can easily afford premium cycles and electric bicycles without disturbing their financial stability.

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Frequently Asked Questions

The most common bicycles for everyday commuting are hybrid bicycles and electric bicycles. Their comfort and efficient performance on the road make them the ideal choice.

Many electric bicycles are made for long distances as they have extended battery capacity and have been engineered to provide comfort while you ride long distances.

The price of a cycle typically varies based on the quality of the frame, braking mechanisms, suspension systems, battery features, and total performance.

Electric cycles have become an economical way to commute daily as they offer ease of use, reduced dependence on petrol, and eco-friendly travel options.

EMI plans divide the total purchase price of a cycle into smaller equal monthly instalments, reducing the burden of paying the entire amount upfront.

Yes, safety features on modern cycles include improved braking systems, extra durable frame construction and materials, and enhanced grip on tyres for better stopping power.

Yes, if a beginner cyclist chooses to purchase a sports cycle, they may do so with an EMI purchase, by selecting from models that will provide comfort and accommodate their riding ability.

Yes, many lenders offer multiple repayment tenure options to suit different budgets and financial needs.

Yes, EMI options can make premium and high-performance cycles more affordable through manageable monthly payments.

Yes, cycle EMI options may be available through eligible online platforms as well as authorised retail stores.