Shema E-Vehicle scooters Finance
Are you interested in buying a new Shema E-Vehicle scooters and not able to find right deal? Not sure if you are being charged the right interest |||rate for your Shema E-Vehicle two wheeler loan? Check out the BikeDekho EMI calculator to find the best Shema E-Vehicle 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.
Shema E-Vehicle Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Shema Eagle | Rs. 1,976 |
| Shema Bold | Rs. 2,474 |
| Shema Hobby | Rs. 2,487 |
| Shema Zoom | Rs. 2,042 |
| Shema Tuff | Rs. 2,423 |
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Shema E-Vehicle scooters Finance Schemes
*Ex-showroom price Delhi
Shema E-Vehicle Two Wheelers by Price
FAQs for Shema E-Vehicle Finance
How is Shema E-Vehicle scooter loan EMI calculated monthly?
Shema E-Vehicle 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.
Which documents I need to have to apply for a Shema E-Vehicle two wheeler loan?
To get your Shema E-Vehicle 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.
What will be the minimum down payment for a Shema E-Vehicle Bike/Scooter loan?
The lenders generally finance 90% of the ex-showroom price of the Shema E-Vehicle 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 Shema E-Vehicle scooter. Down payment is the difference between the on-road price of the Shema E-Vehicle scooter and the amount funded by the lender.
What will be the rate of interest on a Shema E-Vehicle scooter finance?
The interest rate primarily depends on the principal amount and tenure of the loan amount of the Shema E-Vehicle two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Shema E-Vehicle Two Wheelers by Bodytype
Shema E-Vehicle Scooters Further Research
Popular Shema E-Vehicle Two Wheelers
Shema Eagle
Rs.64,999 - 1.17 Lakh*
Shema Hobby
Rs.82,600*
Shema Bold
Rs.82,200*
Shema Zoom
Rs.67,000*
Shema Tuff
Rs.79,655 - 1.40 Lakh*