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Poise scooters Finance
Poise Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Poise Grace | Rs. 2,930 |
| Poise NX120 | Rs. 3,503 |
Poise scooters Finance Schemes
FAQs for Poise Finance
Q) How is Poise scooter loan EMI calculated monthly?
A) Poise 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 Poise two wheeler loan?
A) To get your Poise 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 Poise Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the Poise 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 Poise scooter. Down payment is the difference between the on-road price of the Poise scooter and the amount funded by the lender.
Q) What will be the rate of interest on a Poise scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the Poise two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Poise Scooters Further Research
Popular Poise Two Wheelers
Poise GraceRs 97,174 - 1.08 Lakh*- Poise NX120Rs 1.16 - 1.29 Lakh*