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Okaya Faast F2T EMI Calculator
Okaya Faast F2T EMI starts at Rs 2,859 per month for a tenure of 36 months @9.7 for a loan amount of Rs 89,104. 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 Faast F2T. (Calculated on On Road Price in Delhi)
Okaya Faast F2T Down Payment and EMI
| Faast F2T Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| STD | 89,104 | Rs. 9,901 | Rs. 2,859 |
Calculate your Loan EMI for Faast F2T
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Faast F2T 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 Okaya Faast F2T 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 Okaya Faast F2T 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. ₹89,005/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 89005 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,859/-
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 Okaya Faast F2T 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 Okaya Faast F2T 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.
Okaya Faast F2T User Reviews
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- Wonderful BikeOkaya Faast F2T comes under the 1 lakh of price tag and provides a decent performance and range combination in this segment. The Appron mountain headlamps are decent in throw and.....Read MoreWas this review helpful?YesNo
- Cargo-Carrying Electric Scooter for DeliveryThe Okaya Faast F2T, which begins at ₹ 89,999(ex-showroom), truly impresses me. Every lift is made further pleasurable with its comfortable commands, commodious ago, and useful.....Read MoreWas this review helpful?YesNo
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- Faast F2T is an unusual Independence for CityFor riders seeking exhilarating interpretation and Expression, the Okaya Faast F2T is an electric scooter created. Because of its electric motor, the Faast F2T is an unusual.....Read MoreWas this review helpful?YesNo
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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.