Merico Speedstar standard EMI Calculator

MericoSpeedstar Standard EMI starts at ₹3,881 per month for a time period of 12 months at 12 % interest rate for a loan amount of ₹43,692.If you are Looking for a MericoSpeedstar 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 MericoSpeedstar Standard. You just have to enter the down payment, preferred interest rate and the time period for the loan of MericoSpeedstar Standard. With our EMI calculator for bikes, electric bikes, and scooters, you can easily calculate the instalments for MericoSpeedstar Standard after reducing the down payment amount

Merico Speedstar standard

Merico

Edit

Speedstar standard

Down Payment

₹5,369

Bank Interest Rate

10 %

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

Per Month

₹1,026
Ex-Showroom Price

₹53,692

Total Loan Amount

₹48,322

Payable Amount

₹61,560

You’ll pay extra

₹13,237

Frequently asked questions

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

A. The interest rate for MericoSpeedstar 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 MericoSpeedstar Standard in India is ₹ 53692.

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 ₹3,881

A. The monthly EMI for MericoSpeedstar 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 MericoSpeedstar Standard.

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