Ampere Electric scooters Finance
Ampere Electric Two Wheeler Loan EMI
MODEL | EMI (36 MONTHS) |
---|---|
Ampere Magnus EX | Rs. 2,275 |
Ampere Nexus | Rs. 3,313 |
Ampere Reo Li Plus | Rs. 1,842 |
Ampere Primus | Rs. 3,608 |
Ampere Magnus LT | Rs. 2,435 |
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FAQs for Ampere Electric Finance
Q) How is Ampere Electric scooter loan EMI calculated monthly?
A) Ampere Electric 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 Ampere Electric two wheeler loan?
A) To get your Ampere Electric 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 Ampere Electric Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the Ampere Electric 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 Ampere Electric scooter. Down payment is the difference between the on-road price of the Ampere Electric scooter and the amount funded by the lender.
Q) What will be the rate of interest on a Ampere Electric scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the Ampere Electric two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
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Popular Ampere Electric Two Wheelers
- Ampere Electric Magnus EXRs 74,999*
- Ampere Electric NexusRs 1.10 - 1.25 Lakh*
- Ampere Electric Reo Li PlusRs 59,900*
- Ampere Electric PrimusRs 1.20 Lakh*
- Ampere Electric Magnus LTRs 79,900*