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Lectrix EV scooters Finance
Lectrix EV Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Lectrix EV LXS G 2.0 | Rs. 3,028 |
| Lectrix EV LXS | Rs. 1,685 |
| Lectrix NDuro | Rs. 1,845 |
| Lectrix LXS 2.0 | Rs. 2,565 |
| Lectrix EV SX25 | Rs. 1,682 |
Lectrix EV scooters Finance Schemes
FAQs for Lectrix EV Finance
Q) How is Lectrix EV scooter loan EMI calculated monthly?
A) Lectrix EV 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 Lectrix EV two wheeler loan?
A) To get your Lectrix EV 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 Lectrix EV Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the Lectrix EV 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 Lectrix EV scooter. Down payment is the difference between the on-road price of the Lectrix EV scooter and the amount funded by the lender.
Q) What will be the rate of interest on a Lectrix EV scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the Lectrix EV two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Lectrix EV Scooter News & Reviews
Lectrix EV Scooters Further Research
Popular Lectrix EV Two Wheelers
Lectrix EV LXS G 2.0Rs 99,999*- Lectrix EV LXSRs 54,999*
- Lectrix EV NDuroRs 59,999 - 99,999*
- Lectrix EV LXS 3.0Rs 96,990*
- Lectrix EV LXS 2.0 SubscriptionRs 49,999*