Question 1

What is the exact Height of Aftek Elmo?

Accepted Answer

The height of Aftek Elmo is 1125

Question 2

How much time Aftek Elmo will take to charge?

Accepted Answer

Aftek Elmo will take total 4.5 Hr to charge from 0-100 percent.

Question 3

What is the range offered by Aftek Elmo on a full charge?

Accepted Answer

Aftek Elmo offers range of 110 km/charge.

Question 4

Does Aftek Elmo need a license?

Accepted Answer

Yes, it is required to have a driving license to drive Aftek Elmo.

Question 5

What is the battery capacity of Aftek Elmo?

Accepted Answer

Battery Capacity of Aftek Elmo is 3 Kwh.

Question 6

What is the weight of Aftek Elmo?

Accepted Answer

The weight of Aftek Elmo is 93 kg.

Question 7

What is the Curb weight of Aftek Elmo?

Accepted Answer

The curb weight of Elmois 93 kg.

Question 8

What is the driving range of Aftek Elmo?

Accepted Answer

The driving range of Aftek Elmo is 110 km/charge.

Question 9

What is the battery type of Aftek Elmo?

Accepted Answer

Aftek Elmo uses the best Lithium-ion battery.

Question 10

What will be the lowest down payment for Aftek Elmo?

Accepted Answer

The lenders generally finance 90% of the value of the . Some customers might be eligible for 100% funding too. The down payment is the difference between the on-road price of the  and the amount funded by a lender. This means the minimum possible down payment that you have to pay for Aftek Elmo includes the RTO and insurance charges.

Question 11

What will be the monthly EMI for Aftek Elmo?

Accepted Answer

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for Aftek Elmo can be calculated using the following formula:
{P x R x (1+R)^N / [(1+R)^N-1]}
where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
For Example:- If the principal amount for a bike loan is Rs. ₹1,29,273/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 129273 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,153/-
The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 10% per annum, then R= 10%/12 = 0.008333.

Question 12

What will be the interest rate for Aftek Elmo?

Accepted Answer

The interest rate for Aftek Elmo primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum. Customers can also negotiate with the financier for a better rate of interest against their loan amount.

Question 13

What will be the EMI for 3 years tenure for Aftek Elmo?

Accepted Answer

EMI for Aftek Elmo for 3 years tenure can be calculated as per the following formula:-
{P x R x (1+R)^N / [(1+R)^N-1]}
Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be 36 in case of 3 years tenure.

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