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Evtric Motors bikes Finance

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

Evtric Motors Two Wheeler Loan EMI

MODELEMI (36 MONTHS)
Evtric RideRs. 2,851
Evtric RiseRs. 4,231
Evtric AxisRs. 2,287
Evtric ConnectRs. 2,132
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Evtric Motors bikes Finance Schemes

  • Evtric Ride

    Evtric Ride

    Rs.94,733 - 98,100*
    EMI starts from Rs. 2,851
    250 W
    View Finance Offers
  • Evtric Rise

    Evtric Rise

    Rs.1.42 Lakh*
    EMI starts from Rs. 4,231
    2 kW4-5 Hr
    View Finance Offers
  • Evtric Axis

    Evtric Axis

    Rs.75,482*
    EMI starts from Rs. 2,287
    250 W
    View Finance Offers
  • Evtric Connect

    Evtric Connect

    Rs.69,771 - 95,151*
    EMI starts from Rs. 2,132
    1.2 kW4-5 Hr
    View Finance Offers

FAQs for Evtric Motors Finance

How is Evtric Motors bike loan EMI calculated monthly?

Evtric Motors 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 Evtric Motors two wheeler loan?

To get your Evtric Motors 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 Evtric Motors Bike/Scooter loan?

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

What will be the rate of interest on a Evtric Motors bike finance?

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

Evtric Motors Two Wheelers by Bodytype

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*Ex-showroom price in Delhi
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