Calculate your Loan EMI for Multistrada V4
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Multistrada V4 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 Ducati Multistrada V4 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 Ducati Multistrada V4 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. ₹21,53,868/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 2153868 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 65,525/-
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 Ducati Multistrada V4 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 Ducati Multistrada V4 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.
Ducati Multistrada V4 User Reviews
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- Nice BikeIt's superb! The acceleration is impressive, and it has a nice look. The pickup is excellent. It is definitely worth buying if you appreciate its specs and looks.Was this review helpful?YesNo
- The Ducati MultistradaThe Ducati Multistrada is an adventure touring bike, which has a lot of features. The power of this bike is amazing, but the maintenance cost is very high and it is not an.....Read MoreWas this review helpful?YesNo
- View All Ducati Multistrada V4 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.