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Bajaj Avenger 220 Street EMI Calculator
Bajaj Avenger 220 Street EMI starts at Rs 4,785 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,49,349. The EMI Calculator tool on BikeDekho gives a detailed break-up of the total payable amount and helps you in finding the best bike finance for your Avenger 220 Street. (Calculated on On Road Price in Delhi)
Bajaj Avenger 220 Street Down Payment and EMI
Avenger 220 Street Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
---|---|---|---|
STD | 1,49,349 | Rs. 16,594 | Rs. 4,785 |
Calculate your Loan EMI for Avenger 220 Street
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Avenger 220 Street EMI FAQs
The lenders generally finance 90% of the value of the . Some customers might be eligible for 100% funding too. The down payment is the difference between the on-road price of the and the amount funded by a lender. This means the minimum possible down payment that you have to pay for Bajaj Avenger 220 Street includes the RTO and insurance charges.
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for Bajaj Avenger 220 Street can be calculated using the following formula:
{P x R x (1+R)^N / [(1+R)^N-1]}
where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
For Example:- If the principal amount for a bike loan is Rs. ₹1,48,943/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 148943 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,785/-
The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 10% per annum, then R= 10%/12 = 0.008333.
The interest rate for Bajaj Avenger 220 Street primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum. Customers can also negotiate with the financier for a better rate of interest against their loan amount.
EMI for Bajaj Avenger 220 Street for 3 years tenure can be calculated as per the following formula:-
{P x R x (1+R)^N / [(1+R)^N-1]}
Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be 36 in case of 3 years tenure.
Bajaj Avenger 220 Street User Reviews
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- Mileage (7)
- Performance (6)
- Seat (5)
- Engine (4)
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- Awesome Performance
The comfort is on another level, this bike is the most comfortable, and highly recommended for long routes. Performance is also good. If you're not very tall, this is the perfect.....Read More
Was this review helpful?YesNo - Avenger 220 street was a great choice
Bajaj Avenger 220 street was a great choice, My affection for exemplary cruisers is palpable, and I will say it has been a remarkable excursion. It is a cruiser style bike.....Read More
Was this review helpful?YesNo - Avenger 220 Street provides the ideal balance
For my riding experiences, purchasing the Bajaj Avenger 220 Street from the Bajaj showroom in Pune was a great choice. At about 1.38 lakh, this bike provides the ideal balance of.....Read More
Was this review helpful?YesNo - Riding this bike has been a full delight
Riding this bike has been a full delight. The cruiser design has a really manly air and is really beautiful. Long trips will be made much more pleasant by the low-slung seat......Read More
Was this review helpful?YesNo - Cruise in Comfort and Style
My father owned this model few months back and I am totally impressed. The Bajaj Avenger 220 Street which is a classic motorcycle .I feel very comfortable while driving this.....Read More
Was this review helpful?YesNo - View All Bajaj Avenger 220 Street Reviews
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Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not includes any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.