Vespa scooters Finance
Vespa Two Wheeler Loan EMI
MODEL | EMI (36 MONTHS) |
---|---|
Vespa VXL 125 | Rs. 4,297 |
Vespa SXL 125 | Rs. 4,434 |
Vespa SXL 150 | Rs. 4,864 |
Vespa VXL 150 | Rs. 4,741 |
Vespa ZX | Rs. 3,862 |
Vespa scooters Finance Schemes
FAQs for Vespa Finance
Q) How is Vespa scooter loan EMI calculated monthly?
A) Vespa 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 Vespa two wheeler loan?
A) To get your Vespa 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 Vespa Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the Vespa 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 Vespa scooter. Down payment is the difference between the on-road price of the Vespa scooter and the amount funded by the lender.
Q) What will be the rate of interest on a Vespa scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the Vespa two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Vespa Scooter News & Reviews
Vespa Scooters Further Research
Popular Vespa Two Wheelers
- Vespa VXL 125Rs 1.31 - 1.33 Lakh*
- Vespa SXL 125Rs 1.35 - 1.41 Lakh*
- Vespa SXL 150Rs 1.49 - 1.54 Lakh*
- Vespa VXL 150Rs 1.44 - 1.47 Lakh*
- Vespa ZXRs 1.17 Lakh*