Trinity Motors scooters Finance
Trinity Motors Two Wheeler Loan EMI
MODEL | EMI (36 MONTHS) |
---|---|
Trinity Motors Friend | Rs. 3,127 |
Trinity Motors Amigo | Rs. 2,271 |
Trinity Motors Mitra | Rs. 2,378 |
Trinity Motors Saathi | Rs. 2,598 |
Trinity Motors Dost | Rs. 3,087 |
Trinity Motors scooters Finance Schemes
FAQs for Trinity Motors Finance
Q) How is Trinity Motors scooter loan EMI calculated monthly?
A) Trinity Motors 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.
Q) Which documents I need to have to apply for a Trinity Motors two wheeler loan?
A) To get your Trinity Motors 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.
Q) What will be the minimum down payment for a Trinity Motors Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the Trinity Motors 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 Trinity Motors scooter. Down payment is the difference between the on-road price of the Trinity Motors scooter and the amount funded by the lender.
Q) What will be the rate of interest on a Trinity Motors scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the Trinity Motors two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Trinity Motors Scooters Further Research
Popular Trinity Motors Two Wheelers
- Trinity Motors AmigoRs 74,999*
- Trinity Motors SaathiRs 85,999 - 93,999*
- Trinity Motors MitraRs 73,999 - 79,999*
- Trinity Motors RafikiRs 69,999 - 76,999*
- Trinity Motors YaariiRs 69,999 - 76,999*