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Orxa Mantis EMI Calculator

Orxa Mantis
6 reviews
Rs.3.60 Lakh*
*Ex-showroom Price in delhi
View Finance Offers

Orxa Mantis EMI starts at Rs 10,382 per month for a tenure of 36 months @6 for a loan amount of Rs 3,41,347. 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 Mantis. (Calculated on On Road Price in Delhi)

 

Orxa Mantis Down Payment and EMI

Mantis VariantsLoan @ 6%. Down paymentEMI (36 months)
STD3,41,347Rs. 37,928Rs. 10,382
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Calculate your Loan EMI for Mantis

Down PaymentRs.
0Rs.0
Bank Interest Rate %
6%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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Mantis EMI FAQs

  • FAQ

What will be the lowest down payment for Orxa Mantis?

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 Orxa Mantis includes the RTO and insurance charges.

What will be the monthly EMI for Orxa Mantis?

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 Orxa Mantis 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. ₹3,41,275/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 341275 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 10,382/-

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 Orxa Mantis?

The interest rate for Orxa Mantis 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 Orxa Mantis?

EMI for Orxa Mantis 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.

Orxa Mantis User Reviews

4.2/5
Based on6 User Reviews
  • All (6)
  • Price (2)
  • Looks (2)
  • Performance (2)
  • Color (1)
  • Comfort (1)
  • LATEST
  • MOST HELPFUL
  • for STD

    Awesome Bike

    Good, awesome, the best value for money, has excellent performance and is an attractive color. The price is the best,.....Read More

    By suvo roy
    On: Dec 29, 2023 | 197 Views
    • Like
    • Dislikes
  • for STD

    Excellent Vehicle

    Excellent overall performance, its comfort is great, its stylish looks as well as its performance are crazy, I really.....Read More

    By veeramsetty keshav kumar
    On: Nov 24, 2023 | 175 Views
    • Like
    • Dislikes
  • Waste Of Time

    Waist of time They are not saying the release date better go for another EV bike. now Revolt EV is available in.....Read More

    By martin
    On: Dec 11, 2021 | 447 Views
    • Like
    • Dislikes
  • for STD

    Superb bike.

    This is a superb bike I will surely purchase the bike, I would be the first buyer of this bike.

    By karthi salian
    On: Feb 29, 2020 | 783 Views
    • Like
    • Dislikes
  • Great Specification.

    All the specification which was mentioned are really very good, looking forward to the price might be more than actual.

    By anonymous
    On: Dec 15, 2019 | 789 Views
    • Like
    • Dislikes
  • View All Orxa Mantis 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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