Tork bikes Finance
Are you interested in buying a new Tork bikes and not able to find right deal? Not sure if you are being charged the right interest rate for your |||Tork two wheeler loan? Check out the BikeDekho EMI calculator to find the best Tork 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.
Tork Two Wheeler Loan EMI
MODEL | EMI (36 MONTHS) |
---|---|
Tork Kratos R | Rs. 4,592 |
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Tork bikes Finance Schemes
*Ex-showroom price Delhi
FAQs for Tork Finance
How is Tork bike loan EMI calculated monthly?
Tork 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.
Which documents I need to have to apply for a Tork two wheeler loan?
To get your Tork 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.
What will be the minimum down payment for a Tork Bike/Scooter loan?
The lenders generally finance 90% of the ex-showroom price of the Tork 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 Tork bike. Down payment is the difference between the on-road price of the Tork bike and the amount funded by the lender.
What will be the rate of interest on a Tork bike finance?
The interest rate primarily depends on the principal amount and tenure of the loan amount of the Tork two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Tork Bike News & Reviews
- Recent News
Tork Kratos R Gets A Huge Rs 37,500 Discount, Now More Affordable Than Revolt RV400
Tork Motors has announced a massive discount of Rs 37,500 on the Tork Kratos R, bringing the...
Mar 1, 2024 | By Sahil
EXCLUSIVE: Tork Electric Scooter, More Affordable Tork Electric Bike Spied
A newelectric bike and electric scooter have both been spotted testing. It’s clear that...
Dec 22, 2023 | By Praveen M.
Tork Motors Updates The Kratos R With A New Eco+ Mode
Tork Motors has introduced a new riding mode called Eco+ for the Tork Kratos R, enhancing its range...
Oct 20, 2023 | By Irfan
EXCLUSIVE: Tork Gearing Up To Launch Affordable Electric Bikes
We recently talked to the CEO of Tork Motors, Kapil Shelke, and he told us more about the...
Aug 16, 2023 | By Nishaad Joshi
Tork Motors Introduces new ‘Urban’ Trim For Its Kratos R Electric Motorcycle
Tork Motors, the electric motorcycle manufacturer headquartered in Pune, has launched a new variant...
Aug 13, 2023 | By Priyadarshan
Tork Bikes Further Research
Popular Tork Two Wheelers
Tork Kratos R
Rs.1.50 - 1.67 Lakh*