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Orxa Mantis EMI Calculator
Orxa Mantis EMI starts at Rs 10,510 per month for a tenure of 36 months @6 for a loan amount of Rs 3,45,138. 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 Variants | Loan @6%. | Down payment | EMI (36 months) |
|---|---|---|---|
| STD | 3,45,138 | Rs. 38,349 | Rs. 10,510 |
Shortlist
Rs.3,60,000*
EMI starts from ₹10,510
Calculate your Loan EMI for Mantis
Down PaymentRs.
0Rs.0
Bank Interest Rate %
6%26%
Loan Period (Months)
Your monthly EMI
Rs.10,510*
Rate of interest@ 6%* for 36 Months
- Loan amountRs.345487
- Interest amountRs.32873
- Total Amount PayableRs.378360*
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Mantis EMI FAQs
Q) What will be the lowest down payment for Orxa Mantis?
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 Orxa Mantis includes the RTO and insurance charges.
Q) What will be the monthly EMI for Orxa Mantis?
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 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. ₹3,45,487/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 345487 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 10,510/-
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 Orxa Mantis?
A) 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.
Q) What will be the EMI for 3 years tenure for Orxa Mantis?
A) 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
Based on10 User Reviews
Write a Review & Win ₹5000
Popular Mentions
- All (10)
- Looks (4)
- Performance (3)
- Price (3)
- Speed (2)
- Mileage (2)
- Comfort (2)
- More...
- Latest
- Worth the valueBuying and everything is seamless mileage can be improved and charging speed too. Remaining all things are good according to the price its value for me. Overall performance is best there is no issue with the performance and looks n design but one thing and that is mileage nothing else. oVerall i am happy with this bike of mine.Read More1 2
- It was Good bikeIt was a good bike it has good comfort and its style was very attractive and has good milage and charging capacity good comfort makes a variety of affordable bikes, including mountain bikes, hybrid bikes, and kids' bikes. Their models are generally budget-friendly and aimed at casual riders rather than hardcore cyclists.Read More
- KILLER is so ThrillerI am just looking I am telling definitely I am buying this bike It's look Like a killer I love it2
- Personal use my experience mast bike so beautifulNice bike with standard mention with good mileage good speed with pickup and soft quality sheet with shocker all is best bike
- Awesome BikeGood, awesome, the best value for money, has excellent performance and is an attractive color. The price is the best, and the quality is high.
- Excellent VehicleExcellent overall performance, its comfort is great, its stylish looks as well as its performance are crazy, I really loved it.
- Waste Of TimeWaist of time They are not saying the release date better go for another EV bike. now Revolt EV is available in Bangalore now. Better to buy it. It gives 150 of rang.1
- Superb bike.This is a superb bike I will surely purchase the bike, I would be the first buyer of this bike.
- Great Specification.All the specification which was mentioned are really very good, looking forward to the price might be more than actual.
- Welcome to the future.The future of the automobile industry. Great bike yet to be launched.
- 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.
*Avg. Ex-Showroom price
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