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Avon E Plus EMI Calculator

Avon E Plus
6 reviews
Rs.25,000*
*Ex-showroom Price in delhi
View Finance Offers

Avon E Plus EMI starts at Rs 847 per month for a tenure of 36 months @9.7 for a loan amount of Rs 26,434. The EMI Calculator tool on BikeDekho gives a detailed break-up of the total payable amount and helps you in finding the best bike finance for your E Plus. (Calculated on On Road Price in Delhi)

 

Avon E Plus Down Payment and EMI

E Plus VariantsLoan @ 9.7%. Down paymentEMI (36 months)
STD26,434Rs. 2,937Rs. 847
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Calculate your Loan EMI for E Plus

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price in delhi
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At BikeDekho, We can help you get the best deal on your loans.

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E Plus EMI FAQs

  • FAQ

What will be the lowest down payment for Avon E Plus?

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 Avon E Plus includes the RTO and insurance charges.

What will be the monthly EMI for Avon E Plus?

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 Avon E 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. ₹26,371/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 26371 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 847/-

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.

What will be the interest rate for Avon E Plus?

The interest rate for Avon E 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.

What will be the EMI for 3 years tenure for Avon E Plus?

EMI for Avon E 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.

Avon E Plus User Reviews

3.7/5
Based on6 User Reviews
  • All (6)
  • Maintenance (2)
  • Mileage (2)
  • Speed (2)
  • Comfort (1)
  • Experience (1)
  • Lights (1)
  • Navigation (1)
  • More ...
  • LATEST
  • MOST HELPFUL
  • Great Experience

    The AVON E Plus electric scooty offers an eco-friendly and convenient way to commute. With its sleek design and.....Read More

    By nishanta biswal
    On: Feb 01, 2024 | 480 Views
    • Like
    • Dislikes
  • for STD

    Totally Pathetic

    The speed of this vehicle is very low, its looks are not that impressive, the build quality is not up to the mark, seat.....Read More

    By geevarghese
    On: Nov 15, 2023 | 757 Views
    • 1 Like
    • Dislikes
  • for STD

    Good Experience

    Good, cost-effective It's very convenient for city commute. Almost zero maintenance. Especially good for delivery guys.....Read More

    By sandeep s
    On: Sep 14, 2023 | 704 Views
    • 1 Like
    • 2 Dislikes
  • for STD

    Revive.againest good or bad

    Not heavy-duty; all things are generally average, not too good and not too poor. Maintenance is too costly, and all.....Read More

    By surinder kumar
    On: Sep 03, 2023 | 860 Views
    • Like
    • 1 Dislikes
  • Comfortable And Very.....

    It was a good experience. It has good speed and is very comfortable also. It also has good mileage. It is very.....Read More

    By ragini singh
    On: Jul 23, 2022 | 4900 Views
    • 20 Likes
    • 8 Dislikes
  • View All Avon E Plus Reviews

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Disclaimer :

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.

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