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ADMS scooters Finance
ADMS Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| ADMS EVA | Rs. 4,044 |
| ADMS GTR | Rs. 2,427 |
| ADMS Mantra | Rs. 2,957 |
| ADMS TTX | Rs. 3,448 |
| ADMS Phantom | Rs. 4,255 |
ADMS scooters Finance Schemes
FAQs for ADMS Finance
Q) How is ADMS scooter loan EMI calculated monthly?
A) ADMS scooter loan EMIs include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI 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.
Q) Which documents I need to have to apply for a ADMS two wheeler loan?
A) To get your ADMS scooter loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs (Form 16/Salary Slips/ITR). You can get the exact requirement from your loan consultant after applying with us.
Q) What will be the minimum down payment for a ADMS Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the ADMS two wheeler. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the ADMS scooter. Down payment is the difference between the on-road price of the ADMS scooter and the amount funded by the lender.
Q) What will be the rate of interest on a ADMS scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the ADMS two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
ADMS Scooters Further Research
Popular ADMS Two Wheelers
ADMS EVARs 1.35 Lakh*- ADMS GTRRs 79,800*
- ADMS MantraRs 98,000*
- ADMS PhantomRs 1.33 Lakh*
- ADMS DBRs 1.33 Lakh*