Hero MotoCorp has launched the Flex Fuel variant of the HF Deluxe in India at ₹72,792 (ex-showroom). Christened as Hero HF Deluxe Flex Fuel, the commuter motorcycle has been launched at a time when the Indian government is focusing on increasing the ethanol content in petrol to 85% in the near future. The Hero HF Deluxe Flex Fuel comes with several technology upgrades to become compatible with E85 fuel, which is a mixture of 85% ethanol and 15% petrol, likely to be available across the fuel stations in India in the near future, as per the government's strategy.
Powering the Hero HF Deluxe Flex Fuel is the same engine that works on the standard version of the bike. However, it has received upgraded technology to be compatible with E85 petrol.
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If you are planning to buy the all-new Hero HF Deluxe Flex Fuel, here is a quick and comprehensive look at the possible monthly EMI amount that you would have to pay.
Hero HF Deluxe Flex Fuel: How much EMI to pay every month
To calculate the monthly EMI amount, the loan has been considered as 100% of the ex-showroom price, while the rate of interest considered is 9.5%. The repayment tenures considered are 12 months and 24 months.
{{/usCountry}}To calculate the monthly EMI amount, the loan has been considered as 100% of the ex-showroom price, while the rate of interest considered is 9.5%. The repayment tenures considered are 12 months and 24 months.
{{/usCountry}}| Hero HF Deluxe Flex Fuel: Monthly EMI calculation | |||||
|---|---|---|---|---|---|
| Model & variant | Price (ex-showroom) | Loan (100% ex-showroom price) | Interest rate | Repayment tenure | Monthly EMI |
| Hero HF Deluxe Flex Fuel | ₹72,792 | ₹72,792 | 9.5% | 12 months | ₹6,383 |
| 24 months | ₹3,342 | ||||
According to the calculation, if you opt for a 12-month repayment tenure, the monthly EMI payable will be ₹6,383. On the other hand, in the case of a 24-month repayment tenure, the monthly EMI amount will be ₹3,342.
However, it must be remembered that the monthly EMI amount may vary depending on the down payment amount, loan amount, rate of interest, and repayment tenure.