Question 1

What will be the lowest down payment for Maruthisan Dream+?

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 Maruthisan Dream+ includes the RTO and insurance charges.

Question 2

What will be the monthly EMI for Maruthisan Dream+?

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 Maruthisan Dream+ 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. ₹1,52,655/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 152655 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,904/-
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 Maruthisan Dream+?

Accepted Answer

The interest rate for Maruthisan Dream+ 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 Maruthisan Dream+?

Accepted Answer

EMI for Maruthisan Dream+ 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 range offered by Maruthisan Dream+ on a full charge?

Accepted Answer

Maruthisan Dream+ offers range of 130 km/charge.

Question 6

Does Maruthisan Dream+ need a license?

Accepted Answer

Yes, it is required to have a driving license to drive Maruthisan Dream+.

Question 7

What is the top speed of Maruthisan Dream+?

Accepted Answer

Top speed of Maruthisan Dream+ is 75 km/Hr.

Question 8

What is the battery capacity of Maruthisan Dream+?

Accepted Answer

Battery Capacity of Maruthisan Dream+ is  Kwh.

Question 9

What is the weight of Maruthisan Dream+?

Accepted Answer

The weight of Maruthisan Dream+ is 130 kg.

Question 10

What is the Curb weight of Maruthisan Dream+?

Accepted Answer

The curb weight of Dream+is 130 kg.

Question 11

What is the max speed of Maruthisan Dream+?

Accepted Answer

The max speed of Maruthisan Dream+ is 75 km/Hr.

Question 12

What is the driving range of Maruthisan Dream+?

Accepted Answer

The driving range of Maruthisan Dream+ is 130 km/charge.

Question 13

What is the battery type of Maruthisan Dream+?

Accepted Answer

Maruthisan Dream+ uses the best Lithium-ion battery.

Questions and Answers on Maruthisan Dream+

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