Question 1

What will be the lowest down payment for MX Moto M16?

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 MX Moto M16 includes the RTO and insurance charges.

Question 2

What will be the monthly EMI for MX Moto M16?

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 MX Moto M16 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. ₹1,84,807/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 184807 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 5,622/-
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 MX Moto M16?

Accepted Answer

The interest rate for MX Moto M16 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 MX Moto M16?

Accepted Answer

EMI for MX Moto M16 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 MX Moto M16?

Accepted Answer

The height of MX Moto M16 is 1165 mm

Question 6

How much time MX Moto M16 will take to charge?

Accepted Answer

MX Moto M16 will take total 5-6 Hr to charge from 0-100 percent.

Question 7

What is the range offered by MX Moto M16 on a full charge?

Accepted Answer

MX Moto M16 offers range of 160-220 km/charge.

Question 8

Does MX Moto M16 need a license?

Accepted Answer

Yes, it is required to have a driving license to drive MX Moto M16.

Question 9

What is the battery capacity of MX Moto M16?

Accepted Answer

Battery Capacity of MX Moto M16 is 3.96 Kwh.

Question 10

What is the driving range of MX Moto M16?

Accepted Answer

The driving range of MX Moto M16 is 160-220 km/charge.

Question 11

What is the battery type of MX Moto M16?

Accepted Answer

MX Moto M16 uses the best Lithium-ion battery.

Questions and Answers on MX Moto M16

Ask questions, share knowledge, and connect with fellow riders!

Frequently Asked Questions On MX Moto M16

EMI

Specifications

Find FAQ of M16 Alternatives

More Bike Options to Consider

Further Research

Trending MX Moto Bikes