Matter Electric Bike Standard EMI Calculator

MatterElectric Bike Standard EMI starts at ₹14,215 per month for a time period of 12 months at 12 % interest rate for a loan amount of ₹1,60,000.If you are Looking for a MatterElectric Bike 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 MatterElectric Bike Standard. You just have to enter the down payment, preferred interest rate and the time period for the loan of MatterElectric Bike Standard. With our EMI calculator for bikes, electric bikes, and scooters, you can easily calculate the instalments for MatterElectric Bike Standard after reducing the down payment amount

Matter Electric Bike Standard

Matter

Edit

Electric Bike Standard

Down Payment

₹17,000

Bank Interest Rate

10 %

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

Per Month

₹3,250
Ex-Showroom Price

₹1,70,000

Total Loan Amount

₹1,53,000

Payable Amount

₹1,95,000

You’ll pay extra

₹42,000

Frequently asked questions

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

A. The interest rate for MatterElectric Bike 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 MatterElectric Bike Standard in India is ₹ 170000.

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 ₹14,215

A. The monthly EMI for MatterElectric Bike 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 MatterElectric Bike Standard.

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