Question 1

How is Li-ions Elektrik Solutions scooter loan EMI calculated monthly?

Accepted Answer

Li-ions Elektrik Solutions 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.

Question 2

Which documents I need to have to apply for a Li-ions Elektrik Solutions two wheeler loan?

Accepted Answer

To get your Li-ions Elektrik Solutions 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.

Question 3

What will be the minimum down payment for a Li-ions Elektrik Solutions Bike/Scooter loan?

Accepted Answer

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

Question 4

What will be the rate of interest on a Li-ions Elektrik Solutions scooter finance?

Accepted Answer

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

Li-ions Elektrik Solutions scooters Finance

Li-ions Elektrik Solutions Two Wheeler Loan EMI