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Hero Electric Photon EMI Calculator
Hero Electric Photon EMI starts at Rs 3,320 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,03,802. The EMI Calculator tool on BikeDekho gives a detailed break-up of the total payable amount and helps you in finding the best bike finance for your Photon. (Calculated on On Road Price in Delhi)
Hero Electric Photon Down Payment and EMI
| Photon Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| LP | 1,03,802 | Rs. 11,534 | Rs. 3,320 |
Rs. 1.11 Lakh*
EMI starts from ₹ 3,320
*Ex-showroom Price in Delhi
Shortlist
Calculate your Loan EMI for Photon
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.1,15,336
- Total Loan AmountRs.103336
- Payable AmountRs.119520
- You’ll pay extraRs.16184
EMIper month
Rs3,320
Calculated on On Road Price in Delhi
At BikeDekho, We can help you get the best deal on your loans.
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Photon EMI FAQs
Q) What will be the lowest down payment for Hero Electric Photon?
A) The lenders generally finance 90% of the value of the . Some customers might be eligible for 100% funding too. The down payment is the difference between the on-road price of the and the amount funded by a lender. This means the minimum possible down payment that you have to pay for Hero Electric Photon includes the RTO and insurance charges.
Q) What will be the monthly EMI for Hero Electric Photon?
A) EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for Hero Electric Photon 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.
For Example:- If the principal amount for a bike loan is Rs. ₹1,03,336/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 103336 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,320/-
The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 10% per annum, then R= 10%/12 = 0.008333.
Q) What will be the interest rate for Hero Electric Photon?
A) The interest rate for Hero Electric Photon primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum. Customers can also negotiate with the financier for a better rate of interest against their loan amount.
Q) What will be the EMI for 3 years tenure for Hero Electric Photon?
A) EMI for Hero Electric Photon for 3 years tenure can be calculated as per 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, N = Number of monthly installments which will be 36 in case of 3 years tenure.
Hero Electric Photon User Reviews
Based on43 User Reviews
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Popular Mentions
- All (43)
- Speed (10)
- Mileage (6)
- Looks (6)
- Performance (6)
- Price (6)
- Seat (4)
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- Latest
- Not a practical purchaseNot a good option there is no practicality in vehicle no engineering is being done it seems that some new guys have designed itWas this review helpful?
- battery has been perform poorlybattery has been perform poorly after purchase of 1 year. Dialer and company not replace my battery. scotty performance is also not good kilometer display shoeing is high as actual running of scotty. fraud haiRead MoreWas this review helpful?1
- Review of a 3 year experienceI bought it and used to drive upto 90km daily , in my opinion the rider would feel discomfort for longer range and the back passenger feels a very good knockback while accelerating , foot rest isn't good so the backseater would feel his legs going numb or may have cramps , pick-up of the sccoty is good and the speed too , i would recommend this for shorter range not because of mileage but due it's comfort , the seat isn't properly designed for comfort which gives back pain , another con of this vehicle is it's build quality , the break levers won't survive any shock they break easily , my suspensions also got damaged and started to leak but all this problem occurs if you overuse it , using it daily for 30-40km with proper servicing won't give negative response from the scooty. Battery backup isn't reduced or if it is I don't notice it , I use for 90km daily and battery backup is good though it won't run 90km on a single charge.Read MoreWas this review helpful?
- Worst ScooterWorst scooter in the electric version. It is not performing well, the mileage is very bad, and its parts, including the brake wire, broke within a month.Was this review helpful?3
- Hero Electric Photon is a raying illustrationHero Electric Photon is a raying illustration of environmentally responsible communal transportation, combining forcefulness and faculty in a thruway that is really remarkable. Its fine design gives megacity expressways a hint of refinement with its contemporary aesthetics and aerodynamic lines. The Photon is a great option for standard-issue expeditions because of its electric engine, which provides a quiet and operative assist. This electric scooter, which appeals to riders who value both faculty and environmentally responsible commuting, emerges as a hallmark of the future of communal transportation thanks to Hero Electric's dedication to sustainability and invention.Read MoreWas this review helpful?2
- View All Hero Electric Photon Reviews
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Disclaimer :
Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not includes any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.
*Ex-showroom Price in Delhi
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