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TVS bikes Finance
TVS Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| TVS Raider | Rs. 2,787 |
| TVS Apache RTR 160 | Rs. 3,875 |
| TVS Ronin | Rs. 4,388 |
| TVS Jupiter | Rs. 2,474 |
| TVS NTORQ 125 | Rs. 2,768 |
TVS bikes Finance Schemes
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FAQs for TVS Finance
Q) How is TVS bike loan EMI calculated monthly?
A) TVS 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.
Q) Which documents I need to have to apply for a TVS two wheeler loan?
A) To get your TVS 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.
Q) What will be the minimum down payment for a TVS Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the TVS 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 TVS bike. Down payment is the difference between the on-road price of the TVS bike and the amount funded by the lender.
Q) What will be the rate of interest on a TVS bike finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the TVS two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
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TVS Bikes Further Research
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Popular TVS Two Wheelers
- Bikes
- Scooters
- TVS RaiderRs 83,910* Onwards
- TVS Apache RTR 160Rs 1,13,890* Onwards
- TVS RoninRs 1,30,290* Onwards
- TVS Apache RTR 160 4VRs 1,19,890* Onwards
- TVS Apache RTX 300Rs 1,99,000* Onwards
- TVS JupiterRs 74,125* Onwards
- TVS NTORQ 125Rs 83,350* Onwards
- TVS NTorq 150Rs 1,12,300* Onwards
- TVS OrbiterRs 95,250* Onwards
- TVS iQube STRs 1,75,384* Onwards