NDS Eco Motors scooters Finance
NDS Eco Motors Two Wheeler Loan EMI
MODEL | EMI (36 MONTHS) |
---|---|
NDS Eco Motors E2C | Rs. 3,297 |
NDS Eco Motors SQD | Rs. 3,612 |
NDS Eco Motors scooters Finance Schemes
FAQs for NDS Eco Motors Finance
How is NDS Eco Motors scooter loan EMI calculated monthly?
NDS Eco Motors 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.
Which documents I need to have to apply for a NDS Eco Motors two wheeler loan?
To get your NDS Eco Motors 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.
What will be the minimum down payment for a NDS Eco Motors Bike/Scooter loan?
The lenders generally finance 90% of the ex-showroom price of the NDS Eco Motors 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 NDS Eco Motors scooter. Down payment is the difference between the on-road price of the NDS Eco Motors scooter and the amount funded by the lender.
What will be the rate of interest on a NDS Eco Motors scooter finance?
The interest rate primarily depends on the principal amount and tenure of the loan amount of the NDS Eco Motors two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
NDS Eco Motors Scooters Further Research
Popular NDS Eco Motors Two Wheelers
- NDS Eco Motors SQDRs 1.20 - 1.64 Lakh*
- NDS Eco Motors E2CRs 1.09 - 1.55 Lakh*