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Yamaha MT-03 EMI Calculator

Yamaha MT-03
9 reviews
Rs.4.60 Lakh*
*Ex-showroom Price in delhi
View Finance Offers

Yamaha MT-03 EMI starts at Rs 14,366 per month for a tenure of 36 months @6 for a loan amount of Rs 4,71,804. 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)
STD4,71,804Rs. 52,423Rs. 14,366
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Calculate your Loan EMI for MT-03

Down PaymentRs.
Bank Interest Rate %
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Calculated on On Road Price in delhi
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*Ex-showroom Price in delhi


  • FAQ

What will be the lowest down payment for Yamaha MT-03?

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.

What will be the monthly EMI for Yamaha MT-03?

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. ₹4,72,227/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 472227 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 14,366/-

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 Yamaha MT-03?

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.

What will be the EMI for 3 years tenure for Yamaha MT-03?

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

Based on9 User Reviews
  • All (9)
  • Looks (5)
  • Performance (4)
  • Comfort (4)
  • Power (2)
  • Mileage (2)
  • Engine (1)
  • Price (1)
  • More ...
  • for STD

    Value For Money

    Having ridden the beast for 4 years now, its performance remains at its peak, requiring minimal modifications to.....Read More

    By aditya moharana
    On: Feb 01, 2024 | 370 Views
    • Like
    • Dislikes
  • Rule Of Torque

    This is Yamaha's latest naked bike model, which is also the predecessor of the MT-15. It's designed to provide greater.....Read More

    By vijayasekar
    On: Jul 27, 2023 | 1249 Views
    • Dislikes
  • Good Performance

    This is one of the best bikes in this range and I'm sure that this bike can beat other bikes in performance.

    By pra
    On: Apr 18, 2023 | 237 Views
    • Dislikes
  • MT03 - Amazing Bike

    It's an amazing naked bike. Whoever ever looking for a 300 cc naked bike just go for it. Its style and performance are.....Read More

    By karthik n v
    On: Apr 02, 2023 | 1749 Views
    • 1 Dislikes
  • Best in styling.

    Initially, I thought that the price is a little high but it's been very good. As for the look, performance, mileage is.....Read More

    By vishwanath yadav
    On: Mar 15, 2020 | 8084 Views
    • 5 Dislikes
  • 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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