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EMotorad EMX EMI Calculator
EMotorad EMX EMI starts at Rs 1,682 per month for a tenure of 36 months @9.7 for a loan amount of Rs 52,521. 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 EMX. (Calculated on On Road Price in Delhi)
EMotorad EMX Down Payment and EMI
| EMX Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| Plus | 52,521 | Rs. 5,836 | Rs. 1,682 |
| STD | 52,521 | Rs. 5,836 | Rs. 1,682 |
Shortlist
Rs.54,999*
EMI starts from ₹1,682
Calculate your Loan EMI for EMX
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.58,357
- Total Loan AmountRs.52357
- Payable AmountRs.60552
- You’ll pay extraRs.8195
EMIper month
Rs1,682
Calculated on On Road Price inDelhi
At BikeDekho, We can help you get the best deal on your loans.
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EMX EMI FAQs
Q) What will be the lowest down payment for EMotorad EMX?
A) 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 EMotorad EMX includes the RTO and insurance charges.
Q) What will be the monthly EMI for EMotorad EMX?
A) 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 EMotorad EMX 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. ₹52,357/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 52357 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,682/-
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.
Q) What will be the interest rate for EMotorad EMX?
A) The interest rate for EMotorad EMX 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.
Q) What will be the EMI for 3 years tenure for EMotorad EMX?
A) EMI for EMotorad EMX 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.
EMotorad EMX User Reviews
Based on6 User Reviews
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Popular Mentions
- All (6)
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- Performance (2)
- Looks (1)
- Power (1)
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- Price is very high andPrice is very high and mileage and performance is gud gud but not very good lookes are osm but price is not gud
- nice 👍bikeIt is really good for everyone and good for road also easy to charger and go to the ride the bicycle
- This is very nice 💯This is very nice 💯 and comfortable is my experience he is very high price but your money is not a West
- soo cool bikeVery excellent quality very good easy to maintain easy to ride 10/10 in safety it is driven by all like age 13 to 60 and above very smooth to ride
- Amazing ExperienceAwesome, this electric bike is great and it gives good mileage, produces no pollution, and is one of the best electric cycles I've seen.
- View All EMotorad EMX 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.
*Ex-showroom Price in Delhi
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