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Yamaha Mt 03 EMI Calculator

Yamaha Mt 03 EMI Calculator

Yamaha Mt 03 EMI starts at Rs 11,337 per month for a tenure of 36 months @6 for a loan amount of Rs 3,72,289. 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 MT-03. (Calculated on On Road Price in Delhi)

 

Yamaha Mt 03 Down Payment and EMI

MT-03 VariantsLoan @ 6%. Down paymentEMI (36 months)
STD3,72,289Rs. 41,365Rs. 11,337
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Rs. 3.50 Lakh*
EMI starts from ₹ 11,337
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Calculate your Loan EMI for MT-03

Down PaymentRs.
0Rs.0
Bank Interest Rate %
6%26%
Loan Period ( Months )
  • On-Road PriceRs.4,13,654
  • Total Loan AmountRs.372654
  • Payable AmountRs.408132
  • You’ll pay extraRs.35478
EMIper month
Rs11,337
Calculated on On Road Price in Delhi
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MT-03 EMI FAQs

Q) What will be the lowest down payment for Yamaha Mt 03?
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 Yamaha Mt 03 includes the RTO and insurance charges.
Q) What will be the monthly EMI for Yamaha Mt 03?
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 Yamaha Mt 03 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. ₹3,72,654/- on an annual rate of interest of 10% for a tenure of 3 years then  EMI = 372654 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 11,337/- 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 Yamaha Mt 03?
A) The interest rate for Yamaha Mt 03 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 Yamaha Mt 03?
A) EMI for Yamaha Mt 03 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.

Yamaha Mt 03 User Reviews

4.5/5
Based on26 User Reviews
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Popular Mentions
  • All (26)
  • Comfort (9)
  • Looks (8)
  • Performance (7)
  • Mileage (5)
  • Engine (4)
  • Power (4)
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  • Latest
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  • D
    divy on Jan 08, 2025
    3.5
    Yamaha Mt 03 is well
    Yamaha Mt 03 is well rounded motorcycle that comes with a perfect style,performance.It was a great choice for rider to fun and ride everyday.It is a combination of sharp aesthetic , engaging performance , and rider friendly features which make it standout option in naked bike segment.The Mt 03 offers a comfortable riding position,which ideal for daily riding.
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  • R
    rohit on Nov 21, 2024
    5.0
    Amazing and best experience. Design
    Amazing and best experience. Design is wonderful. Talking about the sound of this bike simple amazing for bike lover & i love it too
    1
  • A
    akash on Nov 13, 2024
    5.0
    Dream bike for All class
    What a experience.....overall I love the bike .. Features are awesome average also good and look oh my god mind blowing
    1
  • Y
    yogesh on Nov 07, 2024
    5.0
    I have given 5 star
    I have given 5 star because the price of this bike is very decent and the features are very much in this bike
  • A
    anushika on Oct 29, 2024
    5.0
    Kis bike is very very
    Kis bike is very very stylish bike and this this is a very good mileage and this is a one person is comfortable and stylish
  • View All Yamaha Mt 03 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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*Ex-showroom Price in Delhi
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