Okaya Electric bikes Finance
Are you interested in buying a new Okaya Electric bikes and not able to find right deal? Not sure if you are being charged the right interest rate |||for your Okaya Electric two wheeler loan? Check out the BikeDekho EMI calculator to find the best Okaya Electric finance scheme by choosing the model that you wish to buy or calculate loan interest rate and equated monthly instalments (EMI) by entering the amount of bike loan that you wish to take.
Okaya Electric Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Okaya Faast | Rs. 3,290 |
| Okaya Ferrato Disruptor | Rs. 4,758 |
| Okaya Freedum | Rs. 2,267 |
| Okaya Faast F2B | Rs. 2,864 |
| Okaya Faast F2T | Rs. 2,859 |
Read MoreLess
Okaya Electric bikes Finance Schemes
Okaya Electric Two Wheelers by Price
FAQs for Okaya Electric Finance
Q) How is Okaya Electric bike loan EMI calculated monthly?
A) Okaya Electric bike 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 Okaya Electric two wheeler loan?
A) To get your Okaya Electric bike 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 Okaya Electric Bike/Scooter loan?
A) The lenders generally finance 90% of the ex-showroom price of the Okaya 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 Okaya Electric bike. Down payment is the difference between the on-road price of the Okaya Electric bike and the amount funded by the lender.
Q) What will be the rate of interest on a Okaya Electric bike finance?
A) The interest rate primarily depends on the principal amount and tenure of the loan amount of the Okaya Electric two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Okaya Electric Two Wheelers by Bodytype
Okaya Electric Bike News & Reviews
- Recent News
Ferrato Disruptor Launched In India At Rs 1.59 lakh
Okaya has launched the Ferrato Disruptor in India for an ex-showroom price of Rs 1,59,000...
By Govind | May 2, 2024
BREAKING: Okaya EV launches Faast F2F Electric Scooter At Rs 83,999
Okaya EV has launched the Faast F2F electric scooter at Rs 83,999 (ex-showroom Delhi). The brand...
By Sudipto Chaudhury | Feb 21, 2023
Okaya Electric Bikes Further Research
Popular Okaya Electric Two Wheelers
- Bikes
- Scooters
Okaya Ferrato Disruptor
Rs.1.59 Lakh*
Okaya Faast
Rs.1.09 - 1.19 Lakh*
Okaya Freedum
Rs.74,899*
Okaya Faast F2B
Rs.94,998*
Okaya Motofaast
Rs.1.29 Lakh*
Okaya Faast F2F
Rs.83,999*