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Shema Eagle EMI Calculator
Shema Eagle EMI starts at Rs 1,976 per month for a tenure of 36 months @9.7 for a loan amount of Rs 61,667. 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 Eagle. (Calculated on On Road Price in Delhi)
Shema Eagle Down Payment and EMI
| Eagle Variants | Loan @9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| + | 61,667 | Rs. 6,852 | Rs. 1,976 |
| 51.8 V, 35 Ah | 77,413 | Rs. 8,602 | Rs. 2,474 |
| CEDE 7 | 1,09,483 | Rs. 12,165 | Rs. 3,523 |
| 48 V, 25 Ah | 67,156 | Rs. 7,462 | Rs. 2,172 |
Shortlist
Rs.64,999* onwards
EMI starts from ₹1,976
Calculate your Loan EMI for Eagle
Down PaymentRs.
0Rs.0
Bank Interest Rate %
6%26%
Loan Period (Months)
Your monthly EMI
Rs.1,976*
Rate of interest@ 9.7%* for 36 Months
- Loan amountRs.61519
- Interest amountRs.9617
- Total Amount PayableRs.71136*
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Eagle EMI FAQs
Q) What will be the lowest down payment for Shema Eagle?
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 Shema Eagle includes the RTO and insurance charges.
Q) What will be the monthly EMI for Shema Eagle?
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 Shema Eagle 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. ₹61,519/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 61519 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,976/-
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 Shema Eagle?
A) The interest rate for Shema Eagle 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 Shema Eagle?
A) EMI for Shema Eagle 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.
Shema Eagle User Reviews
Based on1 User Review
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Popular Mentions
- All (1)
- LED (1)
- Warranty (1)
- Experience (1)
- Service (1)
- Latest
- For Long Run I Won't RecommendThis is a very frustrating experience with the Shema Electric Scooter Eagle model. The advertised range of 100-120 km per full charge fell significantly short, providing only around 80 km initially and decreasing further to 50-55 km after two years of use, making it unreliable for longer trips. The charger's consistent short-circuiting, despite being within the warranty period, added to your inconvenience. Moreover, the unexpected denial of warranty coverage for the wire attached to the charger during the initial purchase was disappointing and led to additional expenses for repairs. The unanticipated expense of purchasing a new charger, despite being under the impression of warranty coverage, felt like a misleading practice. Additionally, the demand for a fee for warranty form completion seemed unjust, especially for minor faults. Overall, your experience with their customer service and warranty claims left you feeling dissatisfied and taken advantage of, particularly with the additional charges and lack of proper support for the product's faults.Read More2
- View All Shema Eagle 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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