Prevail Electric Elite EMI Calculator
Prevail Electric Elite EMI starts at Rs 3,906 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,21,117. 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 Elite. (Calculated on On Road Price in Delhi)
Prevail Electric Elite Down Payment and EMI
Elite Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
---|---|---|---|
STD | 1,21,117 | Rs. 13,457 | Rs. 3,906 |
Calculate your Loan EMI for Elite
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
Beyond the Mainstream: Explore Uncharted Electric Vehicles
- TEST RIDE AVAILABLEElectricKinetic Green E LunaRs77,583 - 88,668*
- ElectricAmpere Magnus EXRs99,060*
- ElectricBounce Infinity E.1Rs1.14 - 1.30 Lakh*
- Okaya FaastRs1.14 - 1.25 Lakh*
- ElectricLectrix EV LXS G 2.0Rs1.04 Lakh*
- ElectricBGauss C12iRs1.17 - 1.44 Lakh*
- ElectricBattRE Electric StorieRs99,160 - 1.14 Lakh*
- ElectricJoy e-bike WolfRs66,488 - 95,298*
- ElectricFujiyama SpectraRs54,830 - 80,836*
Find EMI of Elite Alternatives
Elite EMI FAQs
- FAQ
What will be the lowest down payment for Prevail Electric Elite?
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 Prevail Electric Elite includes the RTO and insurance charges.
What will be the monthly EMI for Prevail Electric Elite?
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 Prevail Electric Elite 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. ₹1,21,574/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 121574 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,906/-
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 Prevail Electric Elite?
The interest rate for Prevail Electric Elite 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 Prevail Electric Elite?
EMI for Prevail Electric Elite 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.
Best Electric Bikes
Top 10 Scooters in India
- Honda Activa 6GRs76,234 onwards*
- Suzuki Access 125Rs79,900 onwards*
- TVS NTORQ 125Rs84,636 onwards*
- Honda Activa 125Rs79,806 onwards*
- TVS JupiterRs73,340 onwards*
- ElectricOla S1 ProRs1.32 Lakh onwards*
- Honda DioRs70,211 onwards*
- ElectricTVS iQubeRs97,307 onwards*
- ElectricAther 450XRs1.43 Lakh onwards*
- Yamaha RayZR 125 Fi HybridRs85,030 onwards*
Users Also Viewed
More Scooter Options to Consider
Trending Prevail Electric Scooters
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.