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Tork bikes Finance

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

Tork Two Wheeler Loan EMI

Tork Kratos RRs. 4,592

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Tork bikes Finance Schemes

  • Tork Kratos R

    Tork Kratos R

    Rs.1.50 - 1.67 Lakh*
    EMI starts from Rs. 4,592
    9 kW6-7 Hr
    View Finance Offers
*Ex-showroom price Delhi

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FAQs for Tork Finance

How is Tork bike loan EMI calculated monthly?

Tork 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 Tork two wheeler loan?

To get your Tork 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 Tork Bike/Scooter loan?

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

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

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

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*Ex-showroom price in Delhi
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