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Motovolt Kivo 24 EMI Calculator
Motovolt Kivo 24 EMI starts at Rs 897 per month for a tenure of 36 months @9.7 for a loan amount of Rs 27,827. 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 Kivo 24. (Calculated on On Road Price in Delhi)
Motovolt Kivo 24 Down Payment and EMI
| Kivo 24 Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| Standard - Mid Range | 33,041 | Rs. 3,671 | Rs. 1,051 |
| Standard - Long Range | 36,040 | Rs. 4,004 | Rs. 1,158 |
| Standard - Normal Range | 27,827 | Rs. 3,092 | Rs. 897 |
| Smart Plus - Mid Range | 36,864 | Rs. 4,096 | Rs. 1,187 |
| Smart Plus - Long Range | 39,863 | Rs. 4,429 | Rs. 1,294 |
| Smart Plus - Normal Range | 34,463 | Rs. 3,829 | Rs. 1,102 |
Shortlist
Rs.27,999 - 41,159*
EMI starts from ₹897
Calculate your Loan EMI for Kivo 24
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.30,919
- Total Loan AmountRs.27919
- Payable AmountRs.32292
- You’ll pay extraRs.4373
EMIper month
Rs897
Calculated on On Road Price in Delhi
At BikeDekho, We can help you get the best deal on your loans.
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Kivo 24 EMI FAQs
Q) What will be the lowest down payment for Motovolt Kivo 24?
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 Motovolt Kivo 24 includes the RTO and insurance charges.
Q) What will be the monthly EMI for Motovolt Kivo 24?
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 Motovolt Kivo 24 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. ₹27,919/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 27919 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 897/-
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 Motovolt Kivo 24?
A) The interest rate for Motovolt Kivo 24 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 Motovolt Kivo 24?
A) EMI for Motovolt Kivo 24 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.
Motovolt Kivo 24 User Reviews
Based on3 User Reviews
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Popular Mentions
- All (3)
- Style (1)
- Looks (1)
- Comparison (1)
- Performance (1)
- Latest
- Motovolt Kivo 24 performs satisfactorilyI am a student who has been using the Motovolt Kivo 24 e cycle for five months, and it has been an economical and efficient option for daily commuting. The pedal assist mode offers a range of up to 45 km per charge, which suits my needs. However, problems with the battery seem to start around six months after purchase, which is the same timeframe according to others' reports. Although the cycle performs satisfactorily, there are some battery related issues that prospective buyers should know about.Read More
- Best bike at affordable price.This bike is very awesome and looks like a monster bike. I also like it and have purchased it. Okay is the best company, so we truly trust it.
- Motovolt kivo 24 is good bicycleMotovolt kivo 24 is good bicycle under this range comparison to other bicycle companies. Milage is also good 👍 as well as its unique style us also good 👍
- View All Motovolt Kivo 24 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.
*Ex-showroom price in Delhi
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