Question 1

What will be the lowest down payment for Essel Energy GET 5?

Accepted Answer

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 Essel Energy GET 5 includes the RTO and insurance charges.

Question 2

What will be the monthly EMI for Essel Energy GET 5?

Accepted Answer

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 Essel Energy GET 5 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. ₹40,268/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 40268 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,294/-
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.

Question 3

What will be the interest rate for Essel Energy GET 5?

Accepted Answer

The interest rate for Essel Energy GET 5 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.

Question 4

What will be the EMI for 3 years tenure for Essel Energy GET 5?

Accepted Answer

EMI for Essel Energy GET 5 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.

Question 5

How much time Essel Energy GET 5 will take to charge?

Accepted Answer

Essel Energy GET 5 will take total 5-6 Hr to charge from 0-100 percent.

Question 6

What is the range offered by Essel Energy GET 5 on a full charge?

Accepted Answer

Essel Energy GET 5 offers range of 80 km/charge.

Question 7

Does Essel Energy GET 5 need a license?

Accepted Answer

Yes, it is required to have a driving license to drive Essel Energy GET 5.

Question 8

What is the top speed of Essel Energy GET 5?

Accepted Answer

Top speed of Essel Energy GET 5 is 25 km/Hr.

Question 9

What is the battery capacity of Essel Energy GET 5?

Accepted Answer

Battery Capacity of Essel Energy GET 5 is 0.27 Kwh.

Question 10

What is the max speed of Essel Energy GET 5?

Accepted Answer

The max speed of Essel Energy GET 5 is 25 km/Hr.

Question 11

What is the driving range of Essel Energy GET 5?

Accepted Answer

The driving range of Essel Energy GET 5 is 80 km/charge.

Question 12

What is the battery type of Essel Energy GET 5?

Accepted Answer

Essel Energy GET 5 uses the best Lithium-ion battery.

Questions and Answers on Essel Energy GET 5

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