- English
- Login / Register
Gaura Electric scooters Finance
Gaura Electric Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Gaura Warrior 5G | Rs. 1,911 |
| Gaura Sniper 5G | Rs. 1,616 |
| Gaura G5 | Rs. 2,438 |
| Gaura Partner 5G | Rs. 2,434 |
| Gaura G6 | Rs. 3,028 |
Gaura Electric scooters Finance Schemes
FAQs for Gaura Electric Finance
Q) How is Gaura Electric scooter loan EMI calculated monthly?
A) Gaura Electric scooter loan EMIs include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI 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.
Q) Which documents I need to have to apply for a Gaura Electric two wheeler loan?
A) To get your Gaura Electric scooter loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs (Form 16/Salary Slips/ITR). You can get the exact requirement from your loan consultant after applying with us.
Q) What will be the minimum down payment for a Gaura Electric Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the Gaura Electric two wheeler. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the Gaura Electric scooter. Down payment is the difference between the on-road price of the Gaura Electric scooter and the amount funded by the lender.
Q) What will be the rate of interest on a Gaura Electric scooter finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the Gaura Electric two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Gaura Electric Scooters Further Research
