Calculate your Loan EMI for Xtreme 160R 4V
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Xtreme 160R 4V EMI FAQs
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 Xtreme 160R 4V includes the RTO and insurance charges.
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 Xtreme 160R 4V 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. ₹1,48,442/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 148442 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,769/-
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.
The interest rate for Hero Xtreme 160R 4V 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.
EMI for Hero Xtreme 160R 4V 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 Xtreme 160R 4V User Reviews
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- Best 160cc bikeA super bike in this segment with awesome features and best mileage I'm going to buy this bike in diwaliWas this review helpful?YesNo
- Pretty bikeVery nice bike and so comfortable feel muje kafi acha lga bike ko chalalane me or bethne me long drive k liye best hWas this review helpful?YesNo
- Best bike1Very good and awesome performance. Nice colour and design. Easy to maintain and drive. Best bike for teenagers and men.Was this review helpful?YesNo
- Xtreme 160R 4V is my preferred bikeAmong all Hero bikes in this segment, Hero Xtreme 160R 4V is my preferred model. It has a sleek sporty design and exhibits amazing fits and finishes. The 160 cc engine seems.....Read MoreWas this review helpful?YesNo
- Xtreme 160R 4V is a powerful bikeAccording to me Hero Xtreme 160R 4V is a sporty and powerful bike. It pays a great challenge when ridden through the powerful engine and sharp handling. Its design is sharp and.....Read MoreWas this review helpful?YesNo
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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.