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Joy e-bike Monster EMI Calculator

Joy e-bike Monster
3 reviews
Rs.1.10 Lakh*
*Ex-showroom Price in delhi
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Joy e-bike Monster EMI starts at Rs 3,317 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,02,825. 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 Monster. (Calculated on On Road Price in Delhi)

 

Joy e-bike Monster Down Payment and EMI

Monster VariantsLoan @ 9.7%. Down paymentEMI (36 months)
STD1,02,825Rs. 11,425Rs. 3,317
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Calculate your Loan EMI for Monster

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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Monster EMI FAQs

  • FAQ

What will be the lowest down payment for Joy e-bike Monster?

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 Joy e-bike Monster includes the RTO and insurance charges.

What will be the monthly EMI for Joy e-bike Monster?

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 Joy e-bike Monster 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. ₹1,03,250/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 103250 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,317/-

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 Joy e-bike Monster?

The interest rate for Joy e-bike Monster 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 Joy e-bike Monster?

EMI for Joy e-bike Monster 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.

Joy e-bike Monster User Reviews

3.7/5
Based on3 User Reviews
  • All (3)
  • Seat (2)
  • Wheel (2)
  • Lights (2)
  • Alloy (1)
  • Driver (1)
  • Small (1)
  • Comfort (1)
  • More ...
  • LATEST
  • MOST HELPFUL
  • Riding Was Unpleasant

    It made me feel like I was riding a very small bike. joy bike's poor suspension made me feel very tired and gave me.....Read More

    By rohitash
    On: Dec 30, 2022 | 456 Views
    • Like
    • 0 Dislikes
  • Monster Should Be Simple To.....

    Joy e-bike Monster is a low seat height and an exceptionally light weight of 75kg. Despite its little size, it has.....Read More

    By aadil
    On: Dec 30, 2022 | 326 Views
    • Like
    • 0 Dislikes
  • SAFETY ISSUES

    NO TURN SIGNAL LIGHTS. SEATS ARE NOT FIT FOR BOTH DRIVER AND PASSENGER. NOT COMFORTABLE.

    By gkprasad
    On: Aug 07, 2020 | 1055 Views
    • 19 Likes
    • 2 Dislikes
  • View All Joy e-bike Monster 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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