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
MODEL | EMI (36 MONTHS) |
---|---|
Tork Kratos | Rs. 3,789 |
Tork bikes Finance Schemes
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.
Tork Bike News & Reviews
- Recent News
- Upcoming Tork Kratos X Launch Timelines Revealed
At the 2023 Auto Expo, Pune’s Tork Motors, India’s first electric motorcycle maker...
Jan 17, 2023 | By Ishan Lee
- New Tork Motors Electric Bike To Be Unveiled At Auto Expo 2023
Tork Motors, one of the few bikemakers participating at Auto Expo 2023, is gearing up to unveil a...
Dec 30, 2022 | By Nishaad Joshi
- Tork Kratos Electric Bike Witnesses Its First Price Hike
Pune-based EV manufacturer Tork Motors has announced the price hike of its electric motorcycle, the...
Dec 13, 2022 | By Aamir Momin
- EXCLUSIVE: Check Out This Tork Motors Electric Dirt Bike
Tork Motors launched its first electric motorcycle, the Kratos, earlier this year. However,...
Sep 12, 2022 | By Aamir Momin
- You Can Now Book A Tork Kratos At Just Rs 75 Till August 15
The EV maker has reduced the booking amount to commemorate the 75th Indian Independence DayTork...
Aug 11, 2022 | By Aamir Momin