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Revamp Moto bikes Finance

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

Revamp Moto Two Wheeler Loan EMI

Revamp Moto RM Buddie 25Rs. 2,140

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Revamp Moto bikes Finance Schemes

*Ex-showroom price Delhi

FAQs for Revamp Moto Finance

How is Revamp Moto bike loan EMI calculated monthly?

Revamp Moto 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 Revamp Moto two wheeler loan?

To get your Revamp Moto 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 Revamp Moto Bike/Scooter loan?

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

What will be the rate of interest on a Revamp Moto bike finance?

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

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