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Aeroride scooters Finance
Aeroride Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Aeroride YB2000 | Rs. 3,071 |
| Aeroride E-Spark | Rs. 2,157 |
Aeroride scooters Finance Schemes
FAQs for Aeroride Finance
Q) How is Aeroride scooter loan EMI calculated monthly?
A) Aeroride 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 Aeroride two wheeler loan?
A) To get your Aeroride 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 Aeroride Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the Aeroride 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 Aeroride scooter. Down payment is the difference between the on-road price of the Aeroride scooter and the amount funded by the lender.
Q) What will be the rate of interest on a Aeroride scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the Aeroride two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Aeroride Scooters Further Research
Popular Aeroride Two Wheelers
Aeroride E-SparkRs 69,445 - 1.12 Lakh*- Aeroride YB2000Rs 97,100 - 1.30 Lakh*