Hero Electric AE-8 standard EMI Calculator

Hero ElectricAe 8 Standard EMI starts at ₹5,330 per month for a time period of 12 months at 12 % interest rate for a loan amount of ₹60,000.If you are Looking for a Hero ElectricAe 8 Standard 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 Hero ElectricAe 8 Standard. You just have to enter the down payment, preferred interest rate and the time period for the loan of Hero ElectricAe 8 Standard. With our EMI calculator for bikes, electric bikes, and scooters, you can easily calculate the instalments for Hero ElectricAe 8 Standard after reducing the down payment amount

Hero Electric AE-8 standard

Hero Electric

Edit

AE-8 standard

Down Payment

₹7,000

Bank Interest Rate

10 %

Loan Period (Months)
12
18
24
30
36
42
48
54
EMI

Per Month

₹1,338
Ex-Showroom Price

₹70,000

Total Loan Amount

₹63,000

Payable Amount

₹80,280

You’ll pay extra

₹17,280

Frequently asked questions

A. The EMI for Hero ElectricAe 8 Standard depends on the principal amount, loan amount, loan time period and the interest rate charged by various lenders.

A. The interest rate for Hero ElectricAe 8 Standard 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 Hero ElectricAe 8 Standard in India is ₹ 70000.

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 ₹5,330

A. The monthly EMI for Hero ElectricAe 8 Standard 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 Hero ElectricAe 8 Standard.

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