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Avera Retrosa EMI Calculator

Avera Retrosa EMI Calculator

Avera Retrosa EMI starts at Rs 2,697 per month for a tenure of 36 months @9.7 for a loan amount of Rs 83,657. 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 Retrosa. (Calculated on On Road Price in Delhi)

 

Avera Retrosa Down Payment and EMI

Retrosa VariantsLoan @ 9.7%. Down paymentEMI (36 months)
Lite e83,657Rs. 9,295Rs. 2,697
II1,20,449Rs. 13,383Rs. 3,882
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Rs. 88,900 - 1.28 Lakh*
EMI starts from ₹ 2,697
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*Ex-showroom Price in Delhi
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Calculate your Loan EMI for Retrosa

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price in Delhi
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Retrosa EMI FAQs

What will be the lowest down payment for Avera Retrosa?

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.

What will be the monthly EMI for Avera Retrosa?

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.

What will be the interest rate for Avera Retrosa?

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.

What will be the EMI for 3 years tenure for Avera Retrosa?

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

4.3/5
Based on9 User Reviews
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  • Looks (3)
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  • H
    haribabu on Oct 30, 2023
    4.0
    Great Appearance Of Avera
    It has a stunning look, providing better performance. Maintenance is simple and convenient. It will be more comfortable when more charging stations are established.
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  • P
    priya on Oct 10, 2023
    4.0
    Excellent Scooter
    Very comfortable to use, has good mileage, and vibrant colors, the performance of the lithium Ferro phosphate battery is good and the loading capacity is Great. Overall it's an.....
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  • V
    venugopalan on Sep 01, 2023
    5.0
    Best Electric Scooter
    A very good electric scooter is available in the market. It offers smooth driving and has a beautiful design. The after-sale service is also superb. Overall, I am very happy with.....
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  • S
    suresh on Oct 11, 2022
    4.0
    Economical Sturdy Electric Scooter
    I purchased it for my daughter who travels 50 to 60 km daily. I researched available popular models in the market like Bajaj Chetak, Ola s1 pro, TVS I Qube, and B gauss and its.....
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  • R
    raunak on Jul 08, 2022
    4.0
    Amazing Mileage
    Good power and great mileage, great features and no need of petrol best an affordable price. Should be under 90k though but everything besides this is good.
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Disclaimer :

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.

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*Ex-showroom Price in Delhi
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