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Lectrix EV SX25 EMI Calculator
Lectrix EV SX25 EMI starts at Rs 1,682 per month for a tenure of 36 months @9.7 for a loan amount of Rs 52,521. 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 SX25. (Calculated on On Road Price in Delhi)
Lectrix EV SX25 Down Payment and EMI
| SX25 Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| Lithium Ion | 64,411 | Rs. 7,157 | Rs. 2,074 |
| Lead Acid | 52,521 | Rs. 5,836 | Rs. 1,682 |
Calculate your Loan EMI for SX25
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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SX25 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 Lectrix EV SX25 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 Lectrix EV SX25 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. ₹52,357/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 52357 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,682/-
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 Lectrix EV SX25 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 Lectrix EV SX25 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.
Lectrix EV SX25 User Reviews
- All (16)
- Speed (4)
- Experience (4)
- Looks (4)
- Price (3)
- Performance (3)
- Legroom (2)
- Comfort (2)
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- Worth Every MoneyThis electric scooter is worth every penny. Its brakes are reliable, and while the mileage may be average, it's still commendable considering its price range.Was this review helpful?YesNo
- I think it's tursted andI believe it's trustworthy and reliable. I have confidence in this platform, as my experience has been consistently positive. Thank you.Was this review helpful?YesNo
- Good ExperienceMy gests with the special Lectrix EV SX25 electric scooter have been fantastic. Each elevator is pleasurable to exercise because of the canny seating configurations, the plenitude.....Read MoreWas this review helpful?YesNo
- Good Look And AffordableThe look is very nice, and the rate is very affordable, suitable for driving for various expenses and traveling with the family. Perfect.Was this review helpful?YesNo
- Lectrix EV SX25 The Powerful Electric ScooterThe Lectrix EV SX25 is a one-of-a-kind electric scooter, and my guests with it have been unusual. The comfortable seating situation, generous legroom, and under-seat storehouse.....Read MoreWas this review helpful?YesNo
- View All Lectrix EV SX25 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.