Royal Enfield Shotgun 650 EMI Calculator

Updated on October 2026

The Royal Enfield Shotgun 650 EMI is Rs. 10,970 per month for 36 months at 9% on a loan of Rs. 3,44,975, with a down payment of Rs. 1,20,008. This is based on the Sheet Metal Grey variant's on-road price of Rs. 4,64,983 in Ghaziabad (ex-showroom Rs. 4,01,002). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: Shotgun 650 On-road price | Shotgun 650 Mileage

Royal Enfield Shotgun 650 EMI and Down Payment (Ghaziabad)

Royal Enfield Shotgun 650 Sheet Metal Grey – EMI calculator

Ex-showroom

: Rs. 4,01,002

On-road price

: Rs. 4,64,983 (Ghaziabad)

Loan amount

: Rs. 3,44,975 (On-road - Down payment)

Down payment

: Rs. 1,20,008 (On-road - Loan amount)

Monthly EMI

: Rs. 10,970 (For Tenure of 36 months @ 9%; banks start from 10.05%)

Insurance

: Rs. 23,681

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Royal Enfield Shotgun 650 Bike Loan EMI Calculator

On-road price (Ghaziabad): Rs. 4,64,983
Down payment: Rs. 1,20,008
Loan amount: Rs. 3,44,975
Interest rate: 9%
Tenure: 36 months
Monthly EMI: Rs. 10,970
Total interest: Rs. 49,945
Total payable: Rs. 3,94,920

EMI in advance: You pay one EMI instalment in advance to the bank. This amount is deducted from the loan amount disbursed to the dealer. Thus it gets added to the down payment that you are to make.
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EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees. ..Read More ..Read Less

Royal Enfield Shotgun 650 Loan Interest Rates by Bank

Royal Enfield Shotgun 650 loan rates, 36 months, loan Rs. 3,44,975
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 11,874 (36 months)
ICICI Bank	10.05% onwards	Rs. 11,139 (36 months)
Axis Bank	11% onwards	Rs. 11,294 (36 months)
Bank of Baroda	13.65% onwards	Rs. 11,732 (36 months)

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Royal Enfield Shotgun 650 EMI by Tenure

For a Rs. 3,44,975 loan on the Sheet Metal Grey petrol at 9%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 30,169	Rs. 17,053	Rs. 3,62,028
24 months	Rs. 15,760	Rs. 33,265	Rs. 3,78,240
36 months	Rs. 10,970	Rs. 49,945	Rs. 3,94,920
48 months	Rs. 8,585	Rs. 67,105	Rs. 4,12,080
60 months	Rs. 7,161	Rs. 84,685	Rs. 4,29,660

Images | Colours

Royal Enfield Shotgun 650

4.8 131 user reviews

Starts at ₹ 4,01,002

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Royal Enfield Shotgun 650 Variant-wise EMI & Down Payment

Shotgun 650 Variants	Fuel/Transmission	Ex-showroom	Loan @9%	Down Payment	EMI (36 months)
Sheet Metal Grey	Petrol / Manual	Rs. 4,01,002	Rs. 3,44,975	Rs. 1,20,008	Rs. 10,970
Plasma Blue and Drill Green	Petrol	Rs. 4,12,947	Rs. 3,55,384	Rs. 1,22,912	Rs. 11,301
Stencil White	Petrol	Rs. 4,16,139	Rs. 3,58,165	Rs. 1,23,689	Rs. 11,390

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Royal Enfield Shotgun 650 EMI FAQs

What is the EMI for the Royal Enfield Shotgun 650?

Rs. 10,970 per month for the Sheet Metal Grey variant (loan Rs. 3,44,975, 9%, 36 months). Over 60 months it is Rs. 7,161.

What is the down payment for the Royal Enfield Shotgun 650?

Rs. 1,20,008 for Sheet Metal Grey, Rs. 1,22,912 for Plasma Blue and Drill Green and Rs. 1,23,689 for Stencil White in ZigWheels' default calculation.

What is the EMI for the Royal Enfield Shotgun 650 Stencil White variant?

Rs. 11,390 per month on a loan of Rs. 3,58,165 at 9% for 36 months.

Which bank has the lowest rate for a Royal Enfield Shotgun 650 loan?

Of the listed partners, ICICI Bank starts at 10.05% (EMI Rs. 11,139 for 36 months). Axis Bank 11%, Bank of Baroda 13.65%, HDFC Bank 14.5%.

How much total interest will I pay on a Royal Enfield Shotgun 650 loan?

Rs. 49,945 over 36 months on the Sheet Metal Grey loan at 9%.

What on-road price is the Royal Enfield Shotgun 650 EMI based on?

Rs. 4,64,983 in Ghaziabad: ex-showroom Rs. 4,01,002, insurance Rs. 23,681, RTO and other charges Rs. 40,300.

What is the difference between EMI in advance and EMI in arrears?

EMI in advance: You pay one EMI instalment in advance to the bank. This amount is deducted from the loan amount disbursed to the dealer. Thus it gets added to the down payment that you are to make. EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees.

Ask or read owner questions on Royal Enfield Shotgun 650 Q&A

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