Question 1

What will be the lowest down payment for Merico Fashia?

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 Merico Fashia includes the RTO and insurance charges.

Question 2

What will be the monthly EMI for Merico Fashia?

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 Merico Fashia 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. ₹58,771/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 58771 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,888/-
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 Merico Fashia?

Accepted Answer

The interest rate for Merico Fashia 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 Merico Fashia?

Accepted Answer

EMI for Merico Fashia 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 Merico Fashia?

Accepted Answer

The height of Merico Fashia is 1260 mm

Question 6

How much time Merico Fashia will take to charge?

Accepted Answer

Merico Fashia will take total 6-7 Hr to charge from 0-100 percent.

Question 7

Does Merico Fashia need a license?

Accepted Answer

Yes, it is required to have a driving license to drive Merico Fashia.

Question 8

What is the battery capacity of Merico Fashia?

Accepted Answer

Battery Capacity of Merico Fashia is  Kwh.

Question 9

What is the weight of Merico Fashia?

Accepted Answer

The weight of Merico Fashia is 58.60 kg.

Question 10

What is the Curb weight of Merico Fashia?

Accepted Answer

The curb weight of Fashiais 58.60 kg.

Question 11

What is the battery type of Merico Fashia?

Accepted Answer

Merico Fashia uses the best Lithium-ion battery.

Questions and Answers on Merico Fashia

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