Interest From 5.99%
Velavan Motorcycles runs an in-house finance desk at both Greams Road and Nandanam, with five lending partners on the panel. That competition is what lets us quote Royal Enfield finance from 5.99% p.a. instead of a single fixed lender rate.
This page covers rates, tenure options, documentation and approval timelines so you can arrive at the showroom already knowing what your monthly outgo will look like.
Interest Rate From 5.99%
Attractive finance schemes with interest rates starting from 5.99% p.a.
Special Discount for CSD Customers
Exclusive special discount for CSD (Canteen Stores Department) customers.
Other Running Offers at Velavan Motorcycles
- • Down Payment From ₹4,999 — Ride home your Royal Enfield with a down payment starting at just ₹4,999.
- • GMA Offer – Up to 15% OFF — Up to 15% OFF under the Genuine Motorcycle Accessories (GMA) offer.
- • Riding Gear – Up to 50% OFF — Up to 50% OFF on Royal Enfield riding gear, helmets and apparel.
- • Exchange Bonus Up to ₹6,500 — Get an additional exchange bonus of up to ₹6,500 on your old bike.
Choosing the Right Tenure
Tenures run from 12 to 60 months. Most Chennai customers settle on 36 months — long enough to keep the EMI comfortable, short enough to keep total interest sensible.
Shorter tenures cost less overall but demand a higher monthly commitment. Longer tenures ease monthly cash flow but increase the total interest paid across the loan.
Documents Required for Royal Enfield Finance
Salaried applicants: PAN, Aadhaar, three months of salary slips and six months of bank statements.
Self-employed applicants: PAN, Aadhaar, business registration proof and two years of income tax returns. Address proof is required in both cases if your Aadhaar address is not current.
Frequently Asked Questions
What is the lowest Royal Enfield finance interest rate in Chennai?
Interest rates at Velavan Motorcycles start from 5.99% p.a. on eligible profiles and tenures. The final rate depends on the lender, your credit score and the loan tenure you choose.
Which banks and NBFCs finance Royal Enfield at Velavan?
We work with HDFC Bank, IDFC First Bank, Cholamandalam, Shriram Finance and L&T Finance, plus Royal Enfield's preferred finance partners.
How long does finance approval take?
Most applications are approved within 24 to 48 hours once documents are submitted. Pre-approved customers can often complete the process the same day.
Can CSD customers get finance too?
Yes. CSD customers get a special discount and can still choose finance. Our team will confirm the applicable combination based on your entitlement.
Terms & Conditions
- • Offers valid only at Velavan Motorcycles, Chennai (Greams Road & Nandanam).
- • Subject to stock availability and finance approval.
- • Cannot be combined with any other corporate or government scheme.
- • Exchange bonus subject to physical valuation of old bike.
- • Velavan Motorcycles reserves the right to modify or withdraw any offer without prior notice.