Calculate your Loan EMI for Faast F2B
- On-Road PriceRs.0
- Total Loan AmountRs.89159
- Payable AmountRs.103104
- You’ll pay extraRs.13945
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Faast F2B EMI FAQs
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 Okaya Faast F2B includes the RTO and insurance charges.
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 Okaya Faast F2B 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. ₹89,159/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 89159 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,864/-
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.
The interest rate for Okaya Faast F2B 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.
EMI for Okaya Faast F2B 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.
Okaya Faast F2B User Reviews
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- There was a best scooterThere was a best scooter its speed is very best and mileage on 1 charge is very good and price is very bestWas this review helpful?
- My personal experience is very goodMy personal experience is very good. I have this scooty it's battery performance is mind blowing. But small problem in acceleration.Was this review helpful?
- Best scooterMy new fashionable crony is my Okaya Faast F2B. This Independence 125cc electric scooter is my fave out of all of them, and it only costs ₹ 79,999. Enough legroom, an under-seat storehouse, and a table seating situation each contribute to a more pleasurable trip. For my diurnal commute, its uncommon 80 km range and short 3 – 4 hour charging time are ideal. I was drawn attracted by its astounding, satiny luster, which gives my lifts a sophisticated appearance, precisely as important as its utility. The Okaya Faast F2B is further than precisely an electric scooter; it's my dependable, accessible chum that strikes the full blend between freight, features, and Design.Read MoreWas this review helpful?
- Awesome ScooterMy Okaya Faast F2B is my new stylish crony. At only ₹ 79,999, it has come my favored Independence among 125cc electric scooters. The generous legroom, underseat storehouse, and comfortable sitting posture each contribute to a comfortable lift. Its unusual 80 km range and quick 3 – 4 hour charge time make it full for my diurnal commute. precisely as important as its functionality drew me in as its satiny, coincidental face, which lends my lifts an air of complication. further than precisely an electric scooter, the Okaya Faast F2B is my reliable and nicely priced accompaniment that consummately balances cost, functionality, and Design.Read MoreWas this review helpful?
- Fabulous ExperienceThe battery capacity of Okaya Faast F2B is 2.2 Kwh which is a decent battery pack system combined with the 1200-watt motor providing it a top speed of 70 kmph. This electric scooter comes with three riding modes for convenient and smooth riding and also comes with a reverse mode option its modern features like keyless start or stop, and anti theft alert system are very efficient. It comes with a drum brake system in the front and rear wheels which is not up to the mark and 12-inch tyres are efficient.Read MoreWas this review helpful?
- View All Okaya Faast F2B Reviews
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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.