Question 1

What will be the lowest down payment for iScoot 1?

Accepted Answer

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 iScoot 1 includes the RTO and insurance charges.

Question 2

What will be the monthly EMI for iScoot 1?

Accepted Answer

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 iScoot 1 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. ₹1,06,399/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 106399 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,418/-
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.

Question 3

What will be the interest rate for iScoot 1?

Accepted Answer

The interest rate for iScoot 1 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.

Question 4

What will be the EMI for 3 years tenure for iScoot 1?

Accepted Answer

EMI for iScoot 1 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.

Question 5

What is the exact Height of iScoot 1?

Accepted Answer

The height of iScoot 1 is 1120 mm

Question 6

How much time iScoot 1 will take to charge?

Accepted Answer

iScoot 1 will take total 2-3 Hr to charge from 0-100 percent.

Question 7

What is the range offered by iScoot 1 on a full charge?

Accepted Answer

iScoot 1 offers range of 150 km/charge.

Question 8

Does iScoot 1 need a license?

Accepted Answer

Yes, it is required to have a driving license to drive iScoot 1.

Question 9

What is the top speed of iScoot 1?

Accepted Answer

Top speed of iScoot 1 is 65 km/Hr.

Question 10

What is the battery capacity of iScoot 1?

Accepted Answer

Battery Capacity of iScoot 1 is 2.16 Kwh.

Question 11

What is the max speed of iScoot 1?

Accepted Answer

The max speed of iScoot 1 is 65 km/Hr.

Question 12

What is the driving range of iScoot 1?

Accepted Answer

The driving range of iScoot 1 is 150 km/charge.

Question 13

What is the battery type of iScoot 1?

Accepted Answer

iScoot 1 uses the best Lithium-ion battery.

Questions and Answers on iScoot 1

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