Calculate your Loan EMI for LY
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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LY 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 Komaki LY 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 Komaki LY 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. ₹73,731/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 73731 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,369/-
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 Komaki LY 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 Komaki LY 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.
Komaki LY User Reviews
- All (4)
- Price (2)
- Color (1)
- Clearance (1)
- Speed (1)
- Comfort (1)
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- Nice ExperienceAn outstanding choice for this budget. It works well and is cool. I bought it since it's still got cool stuff and is reasonably priced. It's well worth the money.Was this review helpful?YesNo
- Good ExperienceKomaki LY is my go-to for hassle-free rides, choose between a single battery (80-100 km) or a dual battery (160-200 km) for the perfect range. With swift 4-hour charging and a.....Read MoreWas this review helpful?YesNo
- Thrilling And StylishThe Komaki LY, priced at 95,866, is an electric sensation! With a top speed of 80 mph and a comfortable 165 mm ground clearance, it strikes a perfect balance between speed and.....Read MoreWas this review helpful?YesNo
- Awesome BikeIt is a superb-looking bike that comes with a dual battery setup its 240 range is awesome It is the best EV scooter in 2023. I love this scooter.Was this review helpful?YesNo
- View All Komaki LY 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.