Calculate your Loan EMI for Jaunty Plus
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Jaunty Plus EMI FAQs
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 AMO Electric Jaunty Plus includes the RTO and insurance charges.
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 AMO Electric Jaunty Plus 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. ₹1,00,948/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 100948 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,243/-
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.
The interest rate for AMO Electric Jaunty Plus 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.
EMI for AMO Electric Jaunty Plus 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.
AMO Electric Jaunty Plus User Reviews
- All (3)
- Latest
- Most Helpful
- Amazing EVTook a test drive of Amo electric scooter jaunty last week. The entire experience is good, easy handling, sporty look, tested all 3 riding modes. Its max speed is 45-50kmph with.....Read MoreWas this review helpful?YesNo
- Overall Good ScooterI bought the electric scooter Jaunty Plus 2 weeks ago. Its speed, battery backup, and technology feature all are very impressive. Also comfortable with a pillion for a fixed.....Read MoreWas this review helpful?YesNo
- Value For MoneyI own a petrol scooter for the last 5 years. Increasing EV adoption insists I switch to electric with high range Amo electric scooter Jaunty plus. With detachable lithium battery.....Read MoreWas this review helpful?YesNo
- View All AMO Electric Jaunty Plus Reviews
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Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not includes any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.