Question 1

Does GoBike JF need a license?

BikeDekho Experts · Accepted Answer

Yes, it is required to have a driving license to drive GoBike JF.

Question 2

What is the top speed of GoBike JF?

BikeDekho Experts · Accepted Answer

Top speed of GoBike JF is 120 km/Hr.

Question 3

What is the battery capacity of GoBike JF?

BikeDekho Experts · Accepted Answer

Battery Capacity of GoBike JF is 1.56 Kwh.

Question 4

What is the max speed of GoBike JF?

BikeDekho Experts · Accepted Answer

The max speed of GoBike JF is 120 km/Hr.

Question 5

What is the battery type of GoBike JF?

BikeDekho Experts · Accepted Answer

GoBike JF uses the best Lithium-ion battery.

Question 6

What are the Color options of GoBike JF?

BikeDekho Experts · Accepted Answer

GoBike JF comes with 1 color options - Blue.

Question 7

When will the GoBike JF launch?

BikeDekho Experts · Accepted Answer

The GoBike JF was launched on Aug, 2022

Question 8

What is the expected price of the GoBike JF in India?

BikeDekho Experts · Accepted Answer

The GoBike JF has already been launched and the price starts from Rs 1,62,720 (ex-showroom Delhi).

Question 9

What will be the lowest down payment for GoBike JF?

BikeDekho Experts · 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 GoBike JF includes the RTO and insurance charges.

Question 10

What will be the monthly EMI for GoBike JF?

BikeDekho Experts · 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 GoBike JF 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. ₹1,50,826/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 150826 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,846/-
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 11

What will be the interest rate for GoBike JF?

BikeDekho Experts · Accepted Answer

The interest rate for GoBike JF 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 12

What will be the EMI for 3 years tenure for GoBike JF?

BikeDekho Experts · Accepted Answer

EMI for GoBike JF 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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