Calculate your Loan EMI for Retrosa
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.92,952
- Total Loan AmountRs.83952
- Payable AmountRs.97092
- You’ll pay extraRs.13140
EMIper month
Rs2,697
Calculated on On Road Price in Delhi
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Retrosa EMI FAQs
Q) What will be the lowest down payment for Avera Retrosa?
A) 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 Avera Retrosa includes the RTO and insurance charges.
Q) What will be the monthly EMI for Avera Retrosa?
A) 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 Avera Retrosa 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. ₹83,952/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 83952 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,697/-
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.
Q) What will be the interest rate for Avera Retrosa?
A) The interest rate for Avera Retrosa 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.
Q) What will be the EMI for 3 years tenure for Avera Retrosa?
A) EMI for Avera Retrosa 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.
Avera Retrosa User Reviews
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