Merico Evanka EMI Calculator

Merico Evanka EMI starts at ₹4,665 per month for a time period of 12 months at 12 % interest rate for a loan amount of ₹52,505. If you are Looking for a Merico Evanka 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 Merico Evanka. You just have to enter the down payment, preferred interest rate and the time period for the loan of Merico Evanka. With our EMI calculator for bikes, electric bikes, and scooters, you can easily calculate the instalments for Merico Evanka after reducing the down payment amount.

Calculate Loan EMI

Merico Evanka

Merico

EditEdit

Evanka standard

₹1,195EMI For 5 years
Loan amount :₹56,254

Down Payment

₹ 0

₹ 46,879

Tenure

6 months

5 year

60 Months

Interest

8%

20%

MonthsPrincipal AmountInterestBalance
6₹56,254₹1,652₹57,906
12₹56,254₹3,086₹59,340
24₹56,254₹6,026₹62,280
36₹56,254₹9,086₹65,340
48₹56,254₹12,194₹68,448
60₹56,254₹15,446₹71,700

 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 Merico Evanka depends on the principal amount, loan amount, loan time period and the interest rate charged by various lenders.

A. The interest rate for Merico Evanka 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 Merico Evanka in India is ₹ 62505.

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 ₹4,665

A. The monthly EMI for Merico WEvanka 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 Merico Evanka.

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