Hero Electric Optima LA EMI Calculator

Hero Electric Optima LA
2 reviews
Rs. 44,990*
*Ex-showroom Price in delhi
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Hero Electric Optima LA EMI starts at Rs 1,470 per month for a tenure of 36 months @9.7 for a loan amount of Rs 40,491. The EMI Calculator tool on BikeDekho gives a detailed break-up of the total payable amount and helps you in finding the best bike finance for your Optima LA. (Calculated on On Road Price in Delhi)

 

Hero Electric Optima LA Down Payment and EMI

Optima LA VariantsLoan @ 9.7%. Down paymentEMI (36 months)
STD40,491Rs. 4,499Rs. 1,470
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Calculate your Loan EMI for Optima LA

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price in delhi
At BikeDekho, We can help you get the best deal on your loans. Please call us on 1800 200 3000 for help.

Find EMI of Optima LA Alternatives

*Ex-showroom Price in delhi

Optima LA EMI FAQs

  • FAQ

What will be the lowest down payment for Hero Electric Optima LA?

The lenders generally finance 90% of the value of the . Some customers might be eligible for 100% funding too. The down payment is the difference between the on-road price of the and the amount funded by a lender. This means the minimum possible down payment that you have to pay for Hero Electric Optima LA includes the RTO and insurance charges.

What will be the monthly EMI for Hero Electric Optima LA?

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for Hero Electric Optima LA 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.

For Example:- If the principal amount for a bike loan is Rs. ₹40,990/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 40990 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs /-

The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 10% per annum, then R= 10%/12 = 0.008333.

What will be the interest rate for Hero Electric Optima LA?

The interest rate for Hero Electric Optima LA primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum. Customers can also negotiate with the financier for a better rate of interest against their loan amount.

What will be the EMI for 3 years tenure for Hero Electric Optima LA?

EMI for Hero Electric Optima LA for 3 years tenure can be calculated as per 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, N = Number of monthly installments which will be 36 in case of 3 years tenure.

Hero Electric Optima LA User Reviews

4.5/5
Based on2 User Reviews
  • All (2)
  • Power (1)
  • Mileage (1)
  • Noise (1)
  • LATEST
  • MOST HELPFUL
  • Good but not Powerful

    Decent in Power. 50 km mileage on full charge battery. Mainly for kids or Women for daily use. Not good enough for.....Read More

    By anonymous
    On: Dec 07, 2019 | 43828 Views
  • for Alloy

    Very good scooter

    It is very much easier to drive and Eco-friendly I use it in my daily life it doesn't provide pollution. I love the.....Read More

    By dev
    On: Jun 15, 2019 | 13902 Views
  • View All Hero Electric Optima LA Reviews

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Optima LA Running Cost

KM driven per day20 km/day
Monthly fuel costRs.0* / month
Disclaimer :

Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not includes any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.

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