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Hop Electric LEO EMI Calculator

Hop Electric LEO EMI Calculator

Hop Electric LEO EMI starts at Rs 2,544 per month for a tenure of 36 months @9.7 for a loan amount of Rs 79,375. 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 LEO. (Calculated on On Road Price in Delhi)

 

Hop Electric LEO Down Payment and EMI

LEO VariantsLoan @ 9.7%. Down paymentEMI (36 months)
Extended 91,539Rs. 10,171Rs. 2,946
Basic79,375Rs. 8,819Rs. 2,544
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Rs. 84,360 - 97,504*
EMI starts from ₹ 2,544
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*Ex-showroom Price in Delhi
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Calculate your Loan EMI for LEO

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price in Delhi
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LEO EMI FAQs

What will be the lowest down payment for Hop Electric LEO?

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.

What will be the monthly EMI for Hop Electric LEO?

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.

What will be the interest rate for Hop Electric LEO?

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.

What will be the EMI for 3 years tenure for Hop Electric LEO?

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

4.4/5
Based on7 User Reviews
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  • N
    nitin on Aug 20, 2024
    5.0
    best electric scooter
    better 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 rating
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  • C
    chaitali on Aug 11, 2024
    1.0
    Never buy this , else u regret
    Don't buy , poor quality, milage is haf of the promising , after buying they will not entertain u service is worst.
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  • S
    sachin on Apr 18, 2023
    5.0
    Good Scooter
    The 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 More
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  • C
    chatarbhuj on Sep 22, 2021
    5.0
    Best Scooter
    Hop Leo bahut hi shandar hai aur chalne par bhi bahut achi hai.
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  • N
    neha on Sep 22, 2021
    5.0
    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.
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  • View All Hop Electric LEO 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.

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*Ex-showroom Price in Delhi
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