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Toutche Electric bikes Finance
Toutche Electric Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Toutche Heileo M100 | Rs. 1,588 |
| Toutche Heileo M200 | Rs. 2,180 |
| Toutche Heileo H100 | Rs. 1,588 |
| Toutche Heileo H200 | Rs. 1,911 |
Toutche Electric bikes Finance Schemes
FAQs for Toutche Electric Finance
How is Toutche Electric bike loan EMI calculated monthly?
Toutche 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.
Which documents I need to have to apply for a Toutche Electric two wheeler loan?
To get your Toutche 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.
What will be the minimum down payment for a Toutche Electric Bike/Scooter loan?
The lenders generally finance 90% of the ex-showroom price of the Toutche 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 Toutche Electric bike. Down payment is the difference between the on-road price of the Toutche Electric bike and the amount funded by the lender.
What will be the rate of interest on a Toutche Electric bike finance?
The interest rate primarily depends on the principal amount and tenure of the loan amount of the Toutche Electric two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Toutche Electric Bikes Further Research
