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MX Moto M16 EMI Calculator
MX Moto M16 EMI starts at Rs 5,622 per month for a tenure of 36 months @6 for a loan amount of Rs 1,84,326. 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 M16. (Calculated on On Road Price in Delhi)
MX Moto M16 Down Payment and EMI
| M16 Variants | Loan @ 6%. | Down payment | EMI (36 months) |
|---|---|---|---|
| STD | 1,84,326 | Rs. 20,481 | Rs. 5,622 |
Shortlist
Rs.1.98 Lakh*
EMI starts from ₹5,622
Calculate your Loan EMI for M16
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.2,04,807
- Total Loan AmountRs.184807
- Payable AmountRs.202392
- You’ll pay extraRs.17585
EMIper month
Rs5,622
Calculated on On Road Price inDelhi
At BikeDekho, We can help you get the best deal on your loans.
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M16 EMI FAQs
Q) What will be the lowest down payment for MX Moto M16?
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 MX Moto M16 includes the RTO and insurance charges.
Q) What will be the monthly EMI for MX Moto M16?
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 MX Moto M16 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. ₹1,84,807/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 184807 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 5,622/-
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 MX Moto M16?
A) The interest rate for MX Moto M16 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 MX Moto M16?
A) EMI for MX Moto M16 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.
MX Moto M16 User Reviews
Based on4 User Reviews
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Popular Mentions
- All (4)
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- Speed (2)
- Style (1)
- Latest
- ComfortableIt is very good, comfortable to ride and milage are good,it is also safe for ride and speed are good.1
- Nice bike and osam so comfortableComfortable set and like the bike I'm so very happy and nice bike mx moto m16 bike and net speed to accepting
- A perfect combinationThis is a perfect combination of style, comfort and affordablility. Class of cruise varient with electric is a killer combitaiom and this is the futuristic bike for classy people1
- Offers Affordability Along With A Remarkable Riding RangeThis electric bike offers affordability along with a remarkable riding range of over 200 km. Its design is strikingly impressive, and it's built to provide comfort during long rides.Read More5
- View All MX Moto M16 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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