Question 1

How is Birla e-bike bike loan EMI calculated monthly?

Accepted Answer

Birla e-bike bike 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.

Question 2

Which documents I need to have to apply for a Birla e-bike two wheeler loan?

Accepted Answer

To get your Birla e-bike bike 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.

Question 3

What will be the minimum down payment for a Birla e-bike Bike/Scooter loan?

Accepted Answer

The lenders generally finance 90% of the ex-showroom price of the Birla e-bike 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 Birla e-bike bike. Down payment is the difference between the on-road price of the Birla e-bike bike and the amount funded by the lender.

Question 4

What will be the rate of interest on a Birla e-bike bike finance?

Accepted Answer

The interest rate primarily depends on the principal amount and tenure of the loan amount of the Birla e-bike two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.

MODEL	EMI (36 MONTHS)
Birla V6	Rs. 4,757
Birla XL	Rs. 4,513
Birla Ambition	Rs. 2,232
Birla JF	Rs. 4,846
Birla DMG	Rs. 6,667

Birla e-bike bikes Finance

Birla e-bike Two Wheeler Loan EMI