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AMO Electric Inspirer EMI Calculator
AMO Electric Inspirer EMI starts at Rs 1,648 per month for a tenure of 36 months @9.7 for a loan amount of Rs 51,563. 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 Inspirer. (Calculated on On Road Price in Delhi)
AMO Electric Inspirer Down Payment and EMI
| Inspirer Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| 60 V, 32 Ah Li | 81,447 | Rs. 9,050 | Rs. 2,618 |
| 60 V, 26 Ah La | 51,563 | Rs. 5,729 | Rs. 1,648 |
Calculate your Loan EMI for Inspirer
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Inspirer 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 AMO Electric Inspirer 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 AMO Electric Inspirer 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. ₹51,292/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 51292 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,648/-
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 AMO Electric Inspirer 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 AMO Electric Inspirer 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.
AMO Electric Inspirer User Reviews
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- Fantastic ChoiceThis scooter is absolutely fantastic, offering both comfort and an appealing design. The service provided is also excellent. It serves multiple purposes, making it a versatile.....Read MoreWas this review helpful?YesNo
- worst experienceTwo years since I bought this ev but not a single day it gave me a proper average the fibre ev is very cheap quality it's cracked. The agent said it will run 70 kilometres but it.....Read MoreWas this review helpful?YesNo
- Very Good E Scooter For StudentsVery good E scooter for students and girls. Riding experience is like a petrol scooter. Looks sporty, and battery performance is very good. Service and maintenance are not done as.....Read MoreWas this review helpful?YesNo
- I Recommend Amo Electric ScooterI have purchased the Amo Electric scooter Inspirer 4 months ago. Working well. The max speed is 45kmph, and it goes 80 km at full charge. I use it for my workplace. Good to go.Was this review helpful?YesNo
- Must own electric scooterEveryone must own an electric vehicle to save our environment. Amo Inspirer is a very efficient, and affordable electric scooter with advanced technology, and safety features. I'd.....Read MoreWas this review helpful?YesNo
- View All AMO Electric Inspirer 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.