Evoke Urban Classic EMI Calculator

Evoke Urban Classic EMI starts at ₹56,863 per month for a time period of 12 months at 12 % interest rate for a loan amount of ₹6,40,000. If you are Looking for a Evoke Urban Classic EMI calculator, try BikeJunction’s bike EMI calculator. Our bike EMI calculator gives you a complete break-up of the total monthly EMI payable for Evoke Urban Classic. You just have to enter the down payment, preferred interest rate and the time period for the loan of Evoke Urban Classic. With our EMI calculator for bikes, electric bikes, and scooters, you can easily calculate the instalments for Evoke Urban Classic after reducing the down payment amount.

Calculate Loan EMI

Evoke Urban Classic

Evoke

Edit

Urban Classic standard

₹12,429EMI For 5 years
Loan amount :₹5,85,000

Down Payment

₹ 0

₹ 487500

Tenure

6 months

5 year

60 Months

Interest

8%

20%

MonthsPrincipal AmountInterestBalance
6₹5,85,000₹17,178₹6,02,178
12₹5,85,000₹32,160₹6,17,160
24₹5,85,000₹62,856₹6,47,856
36₹5,85,000₹94,536₹6,79,536
48₹5,85,000₹1,27,176₹7,12,176
60₹5,85,000₹1,60,740₹7,45,740

 Disclaimer: The calculation performed by EMI Calculator is based on the information you entered and is for illustrative purposes only. This calculation reflects amounts in Indian Rupee rounded to the nearest whole figure. Estimated monthly payments DO NOT include any processing or other possible fees which may depend on the financial institution / banks. All loan figures are based upon non-commercial usage and are subject to credit approval from an independent lending source. Actual down payment and resulting monthly payments may vary depending upon type and use of vehicle, regional lender requirements, and the strength of your credit. Check with your dealer for exact monthly payment.


Bank NameBanksInterest
ICICI ICICI 9% p.a. onwards
YesYes9% p.a. onwards
HDFCHDFC9% p.a. onwards

Frequently asked questions

A. The EMI for Evoke Urban Classic depends on the principal amount, loan amount, loan time period and the interest rate charged by various lenders.

A. The interest rate for Evoke Urban Classic depends on the bank and lending institution. Generally, the interest rate ranges between 9.7% per annum to 15% per annum.

A. The ex-showroom price of Evoke Urban Classic in India is ₹ 650000.

A. For the down payment of 10000 at an interest rate of 12 % and if loan tenure is 12 months, the monthly EMI would be ₹56,863

A. The monthly EMI for Evoke WUrban Classic can be calculated with the formula of P x R x (1+R)^N / [(1+R)^N-1. Here, P is the Principal amount of the loan, R is the interest rate, and N is the number of monthly instalments for Evoke Urban Classic.

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