Calculate your Loan EMI for LEO
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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LEO 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 Hop Electric LEO 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 Hop Electric LEO 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. ₹79,194/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 79194 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,544/-
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 Hop Electric LEO 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 Hop Electric LEO 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.
Hop Electric LEO User Reviews
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- Comfort (2)
- Entertainment (1)
- Power (1)
- Wheel (1)
- Service (1)
- Performance (1)
- Looks (1)
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- best electric scooterbetter performance ,with top speed of 70 kmph with 135 nm of wheel torque can climb a flyover with carrying 160 kg of weight ,72v BLDC HUB MOTORS with IP67 ratingWas this review helpful?YesNo
- Never buy this , else u regretDon't buy , poor quality, milage is haf of the promising , after buying they will not entertain u service is worst.Was this review helpful?YesNo
- Good ScooterThe scooter is a practical and convenient mode of transportation for short commutes in busy cities. It's battery-efficient and easy to maneuver through traffic. However, it may.....Read MoreWas this review helpful?YesNo
- Best ScooterHop Leo bahut hi shandar hai aur chalne par bhi bahut achi hai.Was this review helpful?YesNo
- Totally Satisfied with leo electric scoter.I totally agree with Leo scoter and this is amazing, look-wise is also good and riding is also comfortable.Was this review helpful?YesNo
- View All Hop Electric LEO Reviews
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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.