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# Polarity Smart Executive EMI Calculator

Rs.38,000 - 1.05 Lakh*
*Ex-showroom Price in delhi

Polarity Smart Executive EMI starts at Rs 1,191 per month for a tenure of 36 months @9.7 for a loan amount of Rs 36,974. 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 Executive. (Calculated on On Road Price in Delhi)

## Polarity Smart Executive Down Payment and EMI

Executive VariantsLoan @ 9.7%. Down paymentEMI (36 months)
E3K98,406Rs. 10,934Rs. 3,159
E2K61,763Rs. 6,863Rs. 1,980
E1K36,974Rs. 4,108Rs. 1,191

## Calculate your Loan EMI for Executive

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
• 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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## Executive EMI FAQs

• FAQ

### What will be the lowest down payment for Polarity Smart Executive?

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 Polarity Smart Executive includes the RTO and insurance charges.

### What will be the monthly EMI for Polarity Smart Executive?

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 Polarity Smart Executive 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. ₹37,082/- on an annual rate of interest of 10% for a tenure of 3 years then

EMI = 37082 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,191/-

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 Polarity Smart Executive?

The interest rate for Polarity Smart Executive 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 Polarity Smart Executive?

EMI for Polarity Smart Executive 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.

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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.