Kawasaki Ninja 300 BS6 Finance scheme | Minimum Downpayment, EMI details, Tamil Vlog | Baby Chetta | - YouTube

Hello Friends, Welcome Back to Baby Chetta Vlogs

How are you all doing?

Hope you all are doing Good

Im so Happy to meet you guys after 2 weeks

Last week, like i said i thought of posting Z650 Review

But unfortunately i couldn't find time to shoot in between work time

That is the reason why i couldn't shoot and upload the video last week

But don't worry, when i was going through the comment section

Most of you commented asking for Ninja 300 EMI Details

So this week let us discuss about Ninja 300 EMI details first

In the Next video i will upload Z650 's complete review

So, before we get into this weeks video

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So come Lets get into the video

If you look at the finance options that kawasaki chennai provides

They have tie up with top Reputed Banks

If you are looking to buy a kawasaki bike through finance options

There are finance options but only through Banks

If you want to do some private finance, there is no option at chennai kawasaki showroom

You can try doing it outside if you have any options

You just have to visit the showroom and whichever model you are looking into, ask them for a Proforma

That Proforma Contains of Your Name, whichever place you are from

i.e, if you are from chennai or from some other disctrict should be mentioned

With the Bikes registration cost, Insurance and other details together is called proforma

With this proforma you can try arranging private finance outside

or with your personal bank where you have savings account

Generally if you are going through bank loans They cover 80% Loan

We just have to pay 20% as downpayment for any super bike brands

Incase if you are a premium customer at certain banks or with good cibil score

If you have good income filed yearly

There are chances that sometimes they cover 90% as loan amount

Or if you already have pre-approval for 4 lakh and above or any amount exceeding the bikes cost

You can cover the entire bikes cost as loan amount without making any downpayment

But it might be for some specific customers only

Generally the basic down payment that everyone can go is 80% loan amount & 20% Downpayment

If you look at NInja 300's On-road cost, It is Rs.3,90,609, Including Road side assistance

For this On road cost, 80% loan Amount is Rs, 3,12,000

The minimum downpayment that you are going to make i.e, (minimum 20 % DP) is Just Rs.80,000.

So if you Pay 80,000, you are good to go for finance and take the bike against availability

So if you make this 80,000 as downpayment

For one Year, every month EMI will be Rs.29,000

If you choose 2 Years, then every month EMI will be Rs.15,000.

If you choose 3 Years, every month EMI will be Rs.11,000.

And for maximum 4 years, every month EMI will be Rs.9,000.

So This is the basic scheme for 20% downpayment for 4 Years

Some people can make a downpayment of 1 lakh, or 1.5 or 2 lakh, EMI will differ accordingly

If you are going through Bank Finance, Income proof is must

If you look at the income proof categories, there are totally 3

One is Salaried, the other one is self-employed and the last one is other source

If you are a salaried customer, you should be earning minimum of 40k-50k for Ninja 300

Only then your loan will be approved, as this is a higher segment in value

For this you have to provide the last 3 months Payslip

And for self-employed, you should have filed IT returns for the last two Years

i.e., we are in 2021 right now

You should have filled IT for 2019-2020 and 2020-2021

And the income per year should be filed around 3,00,000 to 4,00,000.

Only then you will be eligible to go for Finance option if you are Self-employed.

The 3rd category includes people who gets rent as income, Pension or NRI

There are less chance for loan approval for these cases,

There are only 2 options basically, which is salaried and self-employed.

Now let's see the required documents for making a loan process.

So the 1st thing is your Address proof

You can provide any one proof like Aadhar card or Driving license or Voter ID or Passport.

The 2nd one is ID proof, which is your Pan Card

Pan card is must for availing loan as well as to book and register a bike in your name, and will get registered in your pan.

If you feel like not paying full amount due to IT problem its better to go for loan for minimum years

The 3rd one is if you are in own house you must provide EB card Copy

Incase if you don't have an own house in chennai

if you are coming from trichy or tirunalveli and you are working in an IT company in chennai in a rental house

There are more options like, you can either provide Rental agreement

or wifi bill, or gas bill, if you don't have any of these

You can ask for HR letter from your company and give that as address proof

And the 4th required document is 6 month bank statement

For this bank statement you should get it in a printout format in person

5th one is 1 passport size photo, just 1 passport size photo is enough loan process

For registration of the bike you have to submit different ones, which il explain in other video related to registration

For loan process you just have to submit 1 passport size photo

Along with these required documents you have to submit the Payslip if you are salaried and IT returns if you are self-employed

If you are not in this list,and you aren't earning and if you are a student

and this is your first bike and have no income

There is another option, you can avail loan on family member only blood relations

For example, on your Fathers name or Mothers name or own brother or Sister's name

If they are earning then you can use their Documents to avail loan which is called as (Co-applicant )

Like the loan on their name and the bike can be registered on your name

In case if you are coming across this word for new, always remember to ask for this option for any brand bikes

There is a small addition to this process while logging in. which they will take care, you just have to ask them for the option

So you can get loan through Co-applicant like the loan on their name and every month EMI will be deducted from their account

but the bike will be registered on your name

Now all these documents should be self attested and to be given in person at the showroom

i.e, all documents should be signed by them and handover at the showroom in person will be easy to finish the process in one day

After this process is over, it will take 7 to 10 working days

within these 10 days, login process, loan approval and disbursement will take place and bike is ready for registration

So maximum days is 10 and the process will be done before 10 days

The duration of this loan will be 25 days validity from the date of login

Within this 25 days if your bike arrives the showroom, you can start the process

But in some cases there will be waiting period for 2 or 3 months,

In that case you shouldn't start the loan process before itself

when your bike is in transit, then you can start the loan process, by the time bike reaches showroom the loan process will be done

Never start the loan process before your vehicle is physically available

The last thing that we are going to see is about Loan Pre-closure

Most of you have doubts about loan preclosure and how it works? Let me tell you how it works

If you are going through bank loan, you should pay EMI for atleast minimum 6 months before preclosing

After 6 months you can pre-close it if you want

There are 2 different options for preclosing which differs from bank to bank

Some banks lets you pay partial amount in intervals

while some banks accepts only full payment at one shot

If you plan to preclose the loan, at that time of preclosure they will wave-off the interest

You just have to pay the principle amount whatsoever it is with some preclosing charges

it will be a minimal percentage comparing to the interest included in EMI

At the time of preclosing, do not forget to ask the bank staff about preclosing option

If they offer partial payment or full payment at one shot before logging in the case

because it differs from person to person

some will be able to pay it at one shot, and some will be able to pay an amount and later pay the remaining whenever possible

So whichever bank you choose, do not forget to ask about the pre-closing charges before logging in

So Finally we have come to the end of this weeks video

Like you guys wanted we have seen Ninja 300's EMI, downpayment and other details

Next week Il upload the review video of Z650, like not the next sunday, will try to upload soon

Almost half the video is done, only the finishing parts needs to be shot

will try to shoot it soon and upload it ASAP

After that video whichever model you feel like making a review by me will be uploaded sooner

and if you have any doubts please do mention it in the comment section

If you like this video, please do like the Video

If you are new to my channel, you know what i would say, so do that too

Well that being said, Next week il meet you guys in a new video,

Until then Its your Baby Chetta Signing off