But, its BS-VI compliant model is on the way to make a comeback soon, in March 2021, with different color schemes. It is expected to be launched in India with a pricing of around Rs 4.99 lacs. Of course, it is very costly. But there is no need to worry because there are easier ways to become the owner of it. Yes, here we are going to discuss the loan for this bike. Before we go further, let's have a look around Kawasaki Ninja 400.
Kawasaki Ninja 400Kawasaki has announced the 2021 Ninja 400 for global markets with the new Euro 5 compliant 399cc parallel-twin engine. It is likely to come with the following new color schemes: Pearl Nightshade Teal/Metallic Spark Black, Passion Red, and Metallic Graphite Gray/Metallic Magnetic Dark Gray.
FeaturesIt has a negative LCD that shows a digital speedometer, a digital trip meter, a digital fuel gauge, a digital clock, and a digital odometer. The bike also has an analog tachometer, self start, and engine kill switch.
Engine and Fuel SystemIt is powered by the same updated compact 399 cc parallel twin-cylinder, 4 strokes, liquid-cooled engine. It can produce a maximum power of 49 PS at 10,000 rpm and a maximum torque of 38 Nm at 8000 rpm. The fuel system is operated upon the direct fuel injection with dual 32mm throttle bodies. The fuel tank capacity of this bike is 14 liters. This bike comes with 6-speed manual transmission and TCBI w/digital advanced ignition system.
Wheels, Tyres, Suspension, BrakesThe front 110/70-17 tyre comes with 41mm hydraulic telescopic fork suspension of 4.7 inch wheel travel and the rear 150/70-17 tyre has a horizontal back-link with adjustable spring preload suspension of 5.1-inch wheel travel. The front brake has a single 310 mm petal-type disc with two-piston calipers and ABS, while the rear brake has a single 220 mm petal-type disc with a single-piston caliper and ABS.
Dimensions and WeightThe length, width, and height of this bike are 2020 mm, 710 mm, and 1120 mm respectively. It provides a ground clearance of 140 mm and its wheelbase is 1370 mm. The kerb weight of this bike is 173 kg.
Best banks for Kawasaki Ninja 400 LoanHere, few banks have been listed that provide superbike loans for the best interest rate, down payment, and loan EMI.
Bank of India Bike LoanBank of India provides loans at a 7.35% minimal interest rate for the maximum tenure of 4 years. So, if you take a loan of Rs 5 lacs at a 7.35% annual interest rate for the tenure of 5 years, then you'll have to pay the monthly EMI of Rs 9,900. The total payable interest and the end of loan tenure will be Rs 95,000 approximately. The total payable loan amount will be Rs 5.95 lacs at the end of repayment.
Bajaj Auto Finance Bike LoanBajaj Auto Finance offers bike loans at various interest rates depending upon the customer’s salary, employer category, type of two-wheeler, and customer’s relationship with the banker. The minimum interest rate offered by Bajaj Auto Finance is 7.85%. If you take a loan of Rs 3.6 lacs for Kawasaki Ninja 400 from Bajaj Auto finance at a 7.85% rate of interest annually for the tenure of 30 months, then you will have to pay the monthly EMI of Rs 13,000 approximately and the total interest paid by you at the end of repayment will be Rs 35,000 roughly.
State Bank of IndiaState Bank of India provides bike loans at 9.5% interest rates. One can get a loan up to 90% of the on-road price of the bike that depends on the customer's transaction history and CIBIL score. Suppose the on-road price of the bike is around Rs 5.82 lacs and one gets a loan of Rs 5 lacs for the tenure of 48 months at a 9.7 % interest rate per annum, then one has to pay the EMI of Rs 12,500 per month. At the end of loan repayment, the customer will pay a total amount of Rs 6 lacs with the payable interest of Rs 1 lakh approximately.
Axis Bank Bike LoanAxis bank offers bike loans at 10.80% to 28.30% interest rates for the available tenure of 36 months and more. Suppose the loan amount you borrow is 90% of the on-road price of a bike, that is Rs 5.24 approximately, for the tenure of 36 months at a 12.25% interest rate, then one has to pay the EMI of Rs Rs 17,300 every month. The total interest paid by you at the end of the total Rs 6.22 lacs loan payment will be Rs 98,500.
ICICI Bank Bike LoanICICI Bank provides bike loans at an 11% interest rate per annum. The maximum tenure offered by ICICI bank is 48 months that is 4 years. If you get the loan of Rs 4.8 lacs for the tenure of 48 months at an 11 % interest rate annually, then you will pay the monthly EMI of Rs 12,400. The total interest you will pay is Rs 1.15 lacs along with the total amount of Rs 5.95 lacs at the end of repayment.
HDFC Bank Super bike loanHDFC Bank offers the bike loan for your dream superbike at an 11.99% yearly interest rate. Let the on-road price of Kawasaki Ninja 400 be Rs 5.82 lacs and you manage to pay Rs 1.32 lacs as a down payment and get a loan of Rs 4.5 lacs for the tenure of 36 months at an 11.99% interest rate. Now, you will have to pay the monthly EMI of Rs 15,000. At the end of repayment, you will pay a total interest of Rs 88,000 along with the total amount of Rs 5.48 lacs.
These interest rates may vary at private banks and finance companies according to the customer's salary, employer category, type of two-wheeler, and customer’s relationship with the banker. Also, you can check the Loan details, such as Easy monthly installments, interest rates, tenure of the loan payment, etc from the official site of the bank or finance company. If you want to calculate your monthly EMI, you can use our EMI calculator: Kawasaki Ninja 400 EMI Calculator.