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iVOOMi S1 EMI Calculator
iVOOMi S1 EMI starts at Rs 1,685 per month for a tenure of 36 months @9.7 for a loan amount of Rs 52,601. 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 S1. (Calculated on On Road Price in Delhi)
iVOOMi S1 Down Payment and EMI
| S1 Variants | Loan @9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| Lite | 79,960 | Rs. 8,884 | Rs. 2,565 |
| 2.0 | 70,923 | Rs. 7,880 | Rs. 2,275 |
| Lite - Lithium Ion | 61,762 | Rs. 6,863 | Rs. 1,980 |
| Lite - Graphene | 52,601 | Rs. 5,845 | Rs. 1,685 |
| STD | 75,387 | Rs. 8,376 | Rs. 2,434 |
Shortlist
Rs.54,999* onwards
EMI starts from ₹1,685
Calculate your Loan EMI for S1
Down PaymentRs.
0Rs.0
Bank Interest Rate %
6%26%
Loan Period (Months)
Your monthly EMI
Rs.1,685*
Rate of interest@ 9.7%* for 36 Months
- Loan amountRs.52446
- Interest amountRs.8214
- Total Amount PayableRs.60660*
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S1 EMI FAQs
Q) What will be the lowest down payment for iVOOMi S1?
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 iVOOMi S1 includes the RTO and insurance charges.
Q) What will be the monthly EMI for iVOOMi S1?
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 iVOOMi S1 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. ₹52,446/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 52446 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,685/-
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 iVOOMi S1?
A) The interest rate for iVOOMi S1 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 iVOOMi S1?
A) EMI for iVOOMi S1 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.
iVOOMi S1 User Reviews
Based on4 User Reviews
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Popular Mentions
- All (4)
- Price (4)
- Speed (2)
- Comfort (1)
- Latest
- Electric scooter ivoomi S1liteGood millage and good speed all over scooty ok I very use ful office and more place going good millage also comfortable for scooty ladies scooty handling perfect top speed this scooty perfect electric scooty iam choosing good and price other scooty compare to ivoomi good options this price i like it thisRead More1
- It is a good scootyIt is a very good option in this price. I am satisfied with it. It is best for your daily use. It can easily cover 60 km in a single charge. Go for it.1
- Best Of One Electric ScooterThe best electric scooter and it is one of the most cost-effective in the market. The price is low, and the charging time is less than 4 hours.
- Decent VehicleIt does a pretty good job for the price it comes. You can use it for daily work and activities. But speed can be a limiting factor if you are in a hurry. The stability is decent. The features are good, but not great. Speed and some features can be improved but at this price point and compared with its competitors this electric scooter offers a decent package for day-to-day use.Read More3 2
- View All iVOOMi S1 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.
*Avg. Ex-Showroom price
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