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Hero Electric Photon EMI Calculator

Hero Electric Photon
40 reviews
Rs.1.11 Lakh*
*Ex-showroom Price in delhi
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Hero Electric Photon EMI starts at Rs 3,314 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,03,640. 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 Photon. (Calculated on On Road Price in Delhi)

 

Hero Electric Photon Down Payment and EMI

Photon VariantsLoan @ 9.7%. Down paymentEMI (36 months)
LP1,03,640Rs. 11,516Rs. 3,314
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Calculate your Loan EMI for Photon

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
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At BikeDekho, We can help you get the best deal on your loans.

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*Ex-showroom Price New Delhi

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Photon EMI FAQs

  • FAQ

What will be the lowest down payment for Hero Electric Photon?

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 Photon includes the RTO and insurance charges.

What will be the monthly EMI for Hero Electric Photon?

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 Photon 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. ₹1,03,156/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 103156 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,314/-

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 Photon?

The interest rate for Hero Electric Photon 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 Photon?

EMI for Hero Electric Photon 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 Photon User Reviews

3.8/5
Based on40 User Reviews
  • All (40)
  • Speed (9)
  • Price (6)
  • Looks (6)
  • Mileage (5)
  • Performance (5)
  • Comfort (3)
  • Seat (3)
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  • Worst Scooter

    Worst scooter in the electric version. It is not performing well, the mileage is very bad, and its parts, including the.....Read More

    By laksh
    On: Jan 29, 2024 | 194 Views
    • Like
    • Dislikes
  • Hero Electric Photon is a.....

    Hero Electric Photon is a raying illustration of environmentally responsible communal transportation, combining.....Read More

    By parth
    On: Dec 01, 2023 | 170 Views
    • Like
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  • A Great Electric Pick

    Hero Electric Photon is known for its secure interpretation and provident avail, offering reliable and ecologically.....Read More

    By tanya khandelwal
    On: Nov 21, 2023 | 123 Views
    • Like
    • Dislikes
  • Reliable Vehicle

    Exercise the Hero electric motor Photon to append some polish to my standard peregrination. This electric motor scooter.....Read More

    By tanya khandelwal
    On: Nov 02, 2023 | 164 Views
    • Like
    • Dislikes
  • Good Choice

    Exercise the Hero electric motor Photon to light up your standard trip. Civic commuters may enjoy a smooth and.....Read More

    By gopal
    On: Oct 17, 2023 | 169 Views
    • Like
    • Dislikes
  • View All Hero Electric Photon Reviews

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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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