Merico Evanka standard EMI Calculator

MericoEvanka Standard 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 MericoEvanka 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 MericoEvanka Standard. You just have to enter the down payment, preferred interest rate and the time period for the loan of MericoEvanka Standard. With our EMI calculator for bikes, electric bikes, and scooters, you can easily calculate the instalments for MericoEvanka Standard after reducing the down payment amount

Merico Evanka standard

Merico

Edit

Evanka standard

Down Payment

₹6,251

Bank Interest Rate

10 %

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

Per Month

₹1,195
Ex-Showroom Price

₹62,505

Total Loan Amount

₹56,254

Payable Amount

₹71,700

You’ll pay extra

₹15,445

Frequently asked questions

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

A. The interest rate for MericoEvanka 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 MericoEvanka Standard 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 MericoEvanka 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 MericoEvanka Standard.

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