What is the down-paymnet?

If you are planning to buy a new scooter on finance, then generally, 10 to 30 percent down payment is required on the on-road price of a scooter. However, exact confirmation regarding EMI, down payment, interest, loan period and its procedure will be discussed by the bank only, as it depends upon individual eligibility. We would suggest you to get in touch with the nearest dealership to get exact information. Click on the below-given link and select your desired city to get your nearest dealership .

How much time Evolet Polo will take to charge?

Evolet Polo will take total 3-4 Hr to charge from 0-100 percent.

What is the range offered by Evolet Polo on a full charge?

Evolet Polo offers range of 80-100 km/charge.

Does Evolet Polo need a license?

Yes, it is required to have a driving license to drive Evolet Polo.

What is the top speed of Evolet Polo?

Top speed of Evolet Polo is 25 km/Hr.

What is the battery capacity of Evolet Polo?

Battery Capacity of Evolet Polo is Kwh.

What is the weight of Evolet Polo?

The weight of Evolet Polo is 76 kg.

What is the Curb weight of Evolet Polo?

The curb weight of Polois 76 kg.

What is the max speed of Evolet Polo?

The max speed of Evolet Polo is 25 km/Hr.

What is the driving range of Evolet Polo?

The driving range of Evolet Polo is 80-100 km/charge.

What is the battery type of Evolet Polo?

Evolet Polo uses the best Lithium-ion battery.

What will be the lowest down payment for Evolet Polo?

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 Evolet Polo includes the RTO and insurance charges.

What will be the monthly EMI for Evolet Polo?

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 Evolet Polo 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. ₹66,600/- on an annual rate of interest of 10% for a tenure of 3 years then EMI = 66600 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,140/- 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 Evolet Polo?

The interest rate for Evolet Polo 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 Evolet Polo?

EMI for Evolet Polo 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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Recently Asked User Questions about EVOLET Polo

asm asked on 17 Dec 2021
Q.
What is the down-paymnet?
Bikedekho experts
on 17 Dec 2021
If you are planning to buy a new scooter on finance, then generally, 10 to 30 percent down payment is required on the on-road price of a scooter. However, exact confirmation regarding EMI, down payment, interest, loan period and its procedure will be discussed by the bank only, as it depends upon individual eligibility. We would suggest you to get in touch with the nearest dealership to get exact information. Click on the below-given link and select your desired city to get your nearest dealership.
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