SVITCH XE EMI Calculator
SVITCH XE EMI starts at Rs 2,271 per month for a tenure of 36 months @9.7 for a loan amount of Rs 70,813. 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 XE. (Calculated on On Road Price in Delhi)
SVITCH XE Down Payment and EMI
XE Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
---|---|---|---|
Lite Special Edition | 73,557 | Rs. 8,173 | Rs. 2,369 |
Lite | 70,813 | Rs. 7,868 | Rs. 2,271 |
STD | 83,618 | Rs. 9,291 | Rs. 2,696 |
Calculate your Loan EMI for XE
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
Beyond the Mainstream: Explore Uncharted Electric Vehicles
- ElectricUltraviolette F77Rs3.17 - 4.19 Lakh*
- ElectricOben RorrRs1.27 Lakh*
- ElectricKomaki RangerRs1.75 - 1.92 Lakh*
- ElectricTork Kratos RRs1.59 - 1.77 Lakh*
- ElectricKabira Mobility KM3000Rs1.69 - 1.93 Lakh*
- ElectricMatter AeraRs1.83 - 1.94 Lakh*
- ElectricOdysse Electric EvoqisRs1.78 Lakh*
- ElectricAtumobile AtumVaderRs1.13 - 1.44 Lakh*
- ElectricPURE EV eTryst 350Rs1.36 Lakh*
- ElectricHop OxoRs1.39 - 1.67 Lakh*
Find EMI of XE Alternatives
XE EMI FAQs
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 XE includes the RTO and insurance charges.
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 XE 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. ₹70,681/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 70681 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,271/-
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.
The interest rate for SVITCH XE 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.
EMI for SVITCH XE 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 Bikes in India
- Honda SP 125Rs86,474 onwards*
- Hero Splendor PlusRs76,306 onwards*
- Yamaha MT 15 V2.0Rs1.73 Lakh onwards*
- Royal Enfield Classic 350Rs1.93 Lakh onwards*
- Honda ShineRs80,250 onwards*
- Royal Enfield Hunter 350Rs1.50 Lakh onwards*
- Honda UnicornRs1.11 Lakh onwards*
- Hero Splendor Plus XTECRs83,461 onwards*
- Hero Xtreme 125RRs95,000 onwards*
- Yamaha R15 V4Rs1.83 Lakh onwards*
Users Also Viewed
More Bike Options to Consider
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.