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Indian Roadmaster Limited EMI Calculator
Indian Roadmaster Limited EMI starts at Rs 1,46,669 per month for a tenure of 36 months @6 for a loan amount of Rs 48,21,439. 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 Roadmaster Limited. (Calculated on On Road Price in Delhi)
Indian Roadmaster Limited Down Payment and EMI
| Roadmaster Limited Variants | Loan @6%. | Down payment | EMI (36 months) |
|---|---|---|---|
| PowerPlus 112 | 48,21,439 | Rs. 5,35,715 | Rs. 1,46,669 |
Shortlist
Rs.48,73,000*
EMI starts from ₹1,46,669
Calculate your Loan EMI for Roadmaster Limited
Down PaymentRs.
0Rs.0
Bank Interest Rate %
6%26%
Loan Period (Months)
Your monthly EMI
Rs.1,46,669*
Rate of interest@ 6%* for 36 Months
- Loan amountRs.4821154
- Interest amountRs.458930
- Total Amount PayableRs.5280084*
Find EMI of Roadmaster Limited Alternatives
Roadmaster Limited EMI FAQs
Q) What will be the lowest down payment for Indian Roadmaster Limited?
A) 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 Indian Roadmaster Limited includes the RTO and insurance charges.
Q) What will be the monthly EMI for Indian Roadmaster Limited?
A) 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 Indian Roadmaster Limited 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. ₹48,21,154/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 4821154 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,46,669/-
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.
Q) What will be the interest rate for Indian Roadmaster Limited?
A) The interest rate for Indian Roadmaster Limited 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.
Q) What will be the EMI for 3 years tenure for Indian Roadmaster Limited?
A) EMI for Indian Roadmaster Limited 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.
Indian Roadmaster Limited User Reviews
Based on1 User Review
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Popular Mentions
- All (1)
- Comfort (1)
- Mileage (1)
- Power (1)
- Engine (1)
- Looks (1)
- Latest
- My Experience with the Roadmaster LimitedI chose this bike because it truly looks like an iconic American cruiser. I was immediately captivated by its build quality and premium finish. The comfort and powerful engine for long-distance touring were my biggest requirements, and the Roadmaster Limited excels in this aspect. The ride has been fantastic so far Comfort is 55 whether its in the city or on the highway The bikes stability and cruise control on the highway are amazing The engines smooth power delivery and handling are quite good for a motorcycle of this size The mileage is decent considering this segment I will not recommend this bike though for the people who really wants a comfortable journey while travelling and are willing to invest this much amount of capital on a mere bike though there are other alternative for a comfortable journey like cars one should really consider his/her choice.Read More2 1
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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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