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Hop Electric LYF EMI Calculator

Hop Electric LYF EMI Calculator

Rs. 67,500 - 74,500*
EMI starts from ₹ 2,057
View Finance Offers
*Ex-showroom Price in delhi
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Hop Electric LYF EMI starts at Rs 2,057 per month for a tenure of 36 months @9.7 for a loan amount of Rs 63,936. 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 LYF. (Calculated on On Road Price in Delhi)

 

Hop Electric LYF Down Payment and EMI

LYF VariantsLoan @ 9.7%. Down paymentEMI (36 months)
Extended70,337Rs. 7,815Rs. 2,254
Basic63,936Rs. 7,104Rs. 2,057

Calculate your Loan EMI for LYF

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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LYF EMI FAQs

  • FAQ

What will be the lowest down payment for Hop Electric LYF?

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 Hop Electric LYF includes the RTO and insurance charges.

What will be the monthly EMI for Hop Electric LYF?

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 Hop Electric LYF 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. ₹64,040/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 64040 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,057/-

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 Hop Electric LYF?

The interest rate for Hop Electric LYF 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 Hop Electric LYF?

EMI for Hop Electric LYF 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.

Hop Electric LYF User Reviews

3.2/5
Based on5 User Reviews

    Popular Mentions

  • All (5)
  • Experience (1)
  • Service (1)
  • Looks (1)
  • Mileage (1)
  • Pickup (1)
  • Performance (1)
  • Speed (1)
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  • Latest
  • Most Helpful
  • R
    ritik on May 24, 2023
    1.0

    Worst Experience

    Fully waste of money. I purchased my scooty on Dec 22, there are so many problems with this scooty, yesterday my father went his friend home but this scooty off in the way......Read More

    • 6 Likes
    • Dislikes
  • N
    naresh on Aug 09, 2022
    4.0

    Overall Best Performance

    Overall this scooter's performance is the best, but the company claim 80 km and its actual range are 60 to 65 km.Read More

    • Like
    • Dislikes
  • D
    dharma on Feb 04, 2022
    2.0

    Mileage Issue

    Mileage per charge is only 50 km against promised 125 km, On speed breakers/rough roads, once slow down doesn't give pickup, sometimes suddenly gives jerk. Read More

    • 2 Likes
    • 2 Dislikes
  • r
    ritika on Jan 10, 2022
    4.0

    Running And Maintenance Cost Is Very Low

    It was an amazing experience. Running and maintenance cost is very low, looks wise this vehicle is very beautiful. Read More

    • 2 Likes
    • Dislikes
  • M
    manish on Sep 22, 2021
    5.0

    फीचर्स बहुत अच्छी है

    होप कम्पनी से मैंने hop lyf स्कूटर ली जो मेरे को बहुत अच्छी लगी जिसकी.....Read More

    • 7 Likes
    • Dislikes
  • View All Hop Electric LYF 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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