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DAO scooters Finance
DAO Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| DAO Vidyut 108 | Rs. 2,612 |
| DAO Zor 405 | Rs. 2,702 |
| DAO Model 703 | Rs. 3,022 |
DAO scooters Finance Schemes
FAQs for DAO Finance
Q) How is DAO scooter loan EMI calculated monthly?
A) DAO 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 DAO two wheeler loan?
A) To get your DAO 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 DAO Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the DAO 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 DAO scooter. Down payment is the difference between the on-road price of the DAO scooter and the amount funded by the lender.
Q) What will be the rate of interest on a DAO scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the DAO two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
DAO Scooters Further Research
Popular DAO Two Wheelers
DAO Model 703Rs 99,999*- DAO Zor 405Rs 89,184 - 1.19 Lakh*
- DAO Vidyut 108Rs 86,449*