Question 1

What will be the lowest down payment for SVITCH MXE?

Accepted Answer

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 SVITCH MXE includes the RTO and insurance charges.

Question 2

What will be the monthly EMI for SVITCH MXE?

Accepted Answer

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 SVITCH MXE 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. ₹63,045/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 63045 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,025/-
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.

Question 3

What will be the interest rate for SVITCH MXE?

Accepted Answer

The interest rate for SVITCH MXE 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.

Question 4

What will be the EMI for 3 years tenure for SVITCH MXE?

Accepted Answer

EMI for SVITCH MXE 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.

Question 5

What is the range offered by SVITCH MXE on a full charge?

Accepted Answer

SVITCH MXE offers range of 30-35 km/charge.

Question 6

Does SVITCH MXE need a license?

Accepted Answer

Yes, it is required to have a driving license to drive SVITCH MXE.

Question 7

What is the top speed of SVITCH MXE?

Accepted Answer

Top speed of SVITCH MXE is 25 km/Hr.

Question 8

What is the battery capacity of SVITCH MXE?

Accepted Answer

Battery Capacity of SVITCH MXE is 0.31 Kwh.

Question 9

What is the max speed of SVITCH MXE?

Accepted Answer

The max speed of SVITCH MXE is 25 km/Hr.

Question 10

What is the driving range of SVITCH MXE?

Accepted Answer

The driving range of SVITCH MXE is 30-35 km/charge.

Question 11

What is the battery type of SVITCH MXE?

Accepted Answer

SVITCH MXE uses the best Lithium-ion battery.

Question 12

What are the Color options of SVITCH MXE?

Accepted Answer

SVITCH MXE comes with 2 color options - Tangerine Orange, Ultramarine Tarzan Blue.

Question 13

When will the SVITCH MXE launch?

Accepted Answer

The SVITCH MXE was launched on Jun, 2021

Question 14

What is the expected price of the SVITCH MXE in India?

Accepted Answer

The SVITCH MXE has already been launched and the price starts from Rs 66,500 (ex-showroom Delhi).

Questions and Answers on SVITCH MXE

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Frequently Asked Questions On SVITCH MXE

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