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QJ Motor bikes Finance
QJ Motor Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| QJ Motor SRK 400 | Rs. 11,262 |
| QJ Motor SRV 300 | Rs. 9,813 |
| QJ Motor SRC 250 | Rs. 4,983 |
| QJ Motor SRC 500 | Rs. 6,446 |
QJ Motor bikes Finance Schemes
FAQs for QJ Motor Finance
Q) How is QJ Motor bike loan EMI calculated monthly?
A) QJ Motor 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.
Q) Which documents I need to have to apply for a QJ Motor two wheeler loan?
A) To get your QJ Motor 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.
Q) What will be the minimum down payment for a QJ Motor Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the QJ Motor 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 QJ Motor bike. Down payment is the difference between the on-road price of the QJ Motor bike and the amount funded by the lender.
Q) What will be the rate of interest on a QJ Motor bike finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the QJ Motor two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
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Popular QJ Motor Two Wheelers
QJ Motor SRK 400Rs 3.59 - 3.69 Lakh*- QJ Motor SRV 300Rs 3.19 Lakh*
- QJ Motor SRC 250Rs 1.49 Lakh*
- QJ Motor SRC 500Rs 1.99 Lakh*