Essel Energy bikes Finance
Are you interested in buying a new Essel Energy bikes and not able to find right deal? Not sure if you are being charged the right interest rate for |||your Essel Energy two wheeler loan? Check out the BikeDekho EMI calculator to find the best Essel Energy finance scheme by choosing the model that you wish to buy or calculate loan interest rate and equated monthly instalments (EMI) by entering the amount of bike loan that you wish to take.
Essel Energy Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Essel Energy GET 7 | Rs. 1,339 |
| Essel Energy GET 1 | Rs. 1,175 |
Read MoreLess
Essel Energy bikes Finance Schemes
*Ex-showroom price Delhi
Essel Energy Two Wheelers by Price
FAQs for Essel Energy Finance
How is Essel Energy bike loan EMI calculated monthly?
Essel Energy 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.
Which documents I need to have to apply for a Essel Energy two wheeler loan?
To get your Essel Energy 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.
What will be the minimum down payment for a Essel Energy Bike/Scooter loan?
The lenders generally finance 90% of the ex-showroom price of the Essel Energy 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 Essel Energy bike. Down payment is the difference between the on-road price of the Essel Energy bike and the amount funded by the lender.
What will be the rate of interest on a Essel Energy bike finance?
The interest rate primarily depends on the principal amount and tenure of the loan amount of the Essel Energy two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Essel Energy Two Wheelers by Bodytype