Evolet scooters Finance

Q: How is Evolet scooter loan EMI calculated monthly?

Evolet 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 Evolet two wheeler loan?

To get your Evolet 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 Evolet Bike/Scooter loan?

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

Q: What will be the rate of interest on a Evolet scooter finance?

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

Are you interested in buying a new Evolet scooters and not able to find right deal? Not sure if you are being charged the right interest rate for |||your Evolet two wheeler loan? Check out the BikeDekho EMI calculator to find the best Evolet 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.

Evolet Two Wheeler Loan EMI

MODEL	EMI (36 MONTHS)
Evolet Pony	Rs. 1,780
Evolet Dhanno	Rs. 2,336
Evolet Derby	Rs. 2,271
Evolet Polo	Rs. 2,140

Evolet Pony
Rs.57,999^*
EMI starts from Rs. 1,780
250 W3-4 Hr
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Evolet Dhanno
Rs.76,999^*
EMI starts from Rs. 2,336
250 W3-4 Hr
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Evolet Derby
Rs.74,999^*
EMI starts from Rs. 2,271
250 W3-4 Hr
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Evolet Polo
Rs.69,999^*
EMI starts from Rs. 2,140
250 W3-4 Hr
View Finance Offers