re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

[MENTION=15063]riot[/MENTION] - Hey, bro! I would like to know if HDFC can give a personal loan/two-wheeler loan for the whole amount of bike OTR price. I do not have salary account in HDFC but keep getting calls for Personal Loans. What documents would they ask in this case. Any other bank that you inquired? Sorry for being pesky, work timings are hardly allowing to venture out for such details!!

Thanks

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

Lol. This has to be one of the most dumb loan disbursing facilities around. I see a lot of semi urban(even rural) customers walking in/out of the Vijaya bank branch right next to where I live. If a salaried customer like you has to go through so much red tape, I wonder what those customers are made to 'furnish' and 'guarantee' ?
I am sure most of them won't have valid PANs or other docs. Or may be these folks don't need a loan anyway, awash as they are with money gotten out of land sold to government for various projects. The customers I see walking in/out might have walked in/out to open lockers or deposit gold jewellery in them. I see most of these folks, men more than women, flaunting 'mota' gold chains and bracelets, the shirt unbuttoned at the top, to aid the flaunting

If you work for an MNC/ Indian corporate, chances are you'd find corporate loan schemes with certain big private banks(read ICICI, AXIS and HDFC, the biggest 3 private players in banking sector in India). These loans are mostly personal loans and even they work out cheaper than the regular 2 wheeler loans.
For example HDFC is offering me 13.99 reducing rate which translates to 7.8 fixed for 3 years if I am not wrong. Plus you have the bike in your name and not the bank's.

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News



Dude Go to canera bank, Procession fee is only 0.01% or Rs. 250/- whichever is less.

Reducing Int rates,
You can even pay more than EMI,
Upto 4 Year repaying time,
and no charge on pre payment.

(No Hidden charges)

Only Govt sector bank which can give you bike loan for more thn 1 lac, Rest of the bank pay limited amount for Bike loan upto 70k maximum,
while canera bank gives you upto 70% of the bike value.

go for it, cheapest and best.

ROI will be Near by 13% on reducing. (approx 9% fix)


What PVT banks do, they take Interest even if you Pay the loan

i.e. they charged Rs. 30000/- for 3 year for 100000/- lac. as 10% fixed.

Even if you're paying a EMI of Rs. 3610/- for 1 year.


after the year Loan amount will Remain at Rs. 86680/- (130000-43320).

for next year they has to charge 10% of Rs 86680/- but they don't do, and they deduct the amount of Base loan amount of Rs. 100000/- as Rs. 10000/- instead of Rs 8668/-

Little weak in English, Sorry if you can't understand

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

Seconded. Try for personal loan offers which come with Credit Card or with private bank accounts. I know that Citi and StandardChartered have given personal loans for 13-14% reducing with 1% or less processing fees. Added benefit is not account opening and no hypothecation to take care of after the loan tenure + no charges on prepayment.

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

HDFC charge 18% on Personal loan amount (Reducing)

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

Oh, but we have test rides

KTM Marathahalli has been giving test rides over the weekend (and even had an accident and lost a bike!). My office isn't too far away so a friend and I just dropped in today. Got test rides on the ISRO road which is a pretty decent stretch.

What I hear is that Bangalore showrooms may be sharing test bikes for now. The bikes were going to be sent from Marathahalli to Langford a couple of hours ago and I heard I'nagar would offer test rides on an appointment basis. You may want to call them soon if that is the case.

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

So Bangaloreans have to call up all KTM dealers to know where the test bikes are located :-D

On the issue of loans, I would suggest going for a personal loan from a private bank if the rate offered is competitive. HDFC personal loan quote and the Finance option quoted at the showroom were the same for me. Personal loan would be better (in this scenario) because you can avoid hypothecation.

I am not keen on PSU banks. I had an Educational Loan with Canara Bank for 7 year term. Closed it within four years mainly because they could not even clear my EMI cheque!! I had to call them up and remind them to present my cheque for clearing!! This happened on numerous occassions and finally I got fed up, saved up and closed the loan account.

PSU banks have an unwritten rule, if you don't have grey hair, bald head, paunch, children or any combination thereof they don't like dealing with you. Their attitude is at best condenscending or rude at worst.

On a one year loan difference between PSU loan and Bajaj Finance loan is ~4k. I think that 4K is worth for the smooth processing experience. I have a HDFC car loan and there was no issue dealing with them.

Perosnal Loan (if interest rate is equal or lesser than other options) >Two Wheeler loan from non-PSU>Two Wheeler loan from Bajaj Finance.

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

Nomad waiting for more updates and pics of the bike. Please keep us engaged with d390.

Sent from my ST18i using xBhp Connect mobile app

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

I'd rather keep my fingers crossed than give into too much speculation. I would still be surprised if I see it do 180 even with all the performance mods.

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

May be. The preferable rates I mentioned above are a result of corporate tie ups.One of the few benefits of working for a large MNC/Indian corporate

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

just one question, to me it looked like that in the flat areas he was able to do 140 km/h only and only on the downhill stretch he went past 140 and did hit the 165km/h
did you also see that?

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

Yes, I agree. It is asking for too much. That it can do 165 itself is a great thing and that too if one crouches and manages to take the 6th to the rev limiter, which too if the road is excellent and absolutely straight without any crosswinds.

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

Jumping the queue. Paying a bribe basically to get ahead in line of people (some xbhpians too among them). Gloating about it online. Way to go
Enjoy your Duke.

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

I would not completely agree with PSU banks.

It was lot easier for me to get a car loan from State Bank of Hyderabad than the private banks. All the process was very clear because there is no one between me and the bank. I had to do all the dealings (of course I had to be in the bank for 6 hours, but hey got a good deal).

Always go for PSU first if it is not clear then you can approach private banks.

Any how, coming to the Duke 390. At Hyderabad test rides have been there since more than 2 weeks. Not clear about the delivery of the bikes and my booking number is in single digits and I am bike-less since 6 months.

the wait is growing impatient now

re: KTM Duke 390 Launched in India at Rs 1.8 Lakhs: xBhp News

You want to pay extra 10K for just getting it earlier? Dude, think of how many litres or petrol or some cool Bike accessories you can buy with that money if you just have the patience.