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Okinawa Lite EMI Calculator
Okinawa Lite EMI starts at Rs 2,110 per month for a tenure of 36 months @9.7 for a loan amount of Rs 65,412. 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 Lite. (Calculated on On Road Price in Delhi)
Okinawa Lite Down Payment and EMI
| Lite Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| STD | 65,412 | Rs. 7,268 | Rs. 2,110 |
Rs. 69,093*
EMI starts from ₹ 2,110
*Ex-showroom Price in Delhi
Shortlist
Calculate your Loan EMI for Lite
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.72,680
- Total Loan AmountRs.65680
- Payable AmountRs.75960
- You’ll pay extraRs.10280
EMIper month
Rs2,110
Calculated on On Road Price in Delhi
At BikeDekho, We can help you get the best deal on your loans.
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Lite EMI FAQs
Q) What will be the lowest down payment for Okinawa Lite?
A) 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 Okinawa Lite includes the RTO and insurance charges.
Q) What will be the monthly EMI for Okinawa Lite?
A) 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 Okinawa Lite 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. ₹65,680/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 65680 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,110/-
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.
Q) What will be the interest rate for Okinawa Lite?
A) The interest rate for Okinawa Lite 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.
Q) What will be the EMI for 3 years tenure for Okinawa Lite?
A) EMI for Okinawa Lite 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.
Okinawa Lite User Reviews
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- The Lite OneThe Okinawa Lite offers megacity commuters an affable and environmentally responsible ride, landing the substance of fragile civic mobility and coincidental comfort. Its electric motor and nimble running make for a ready and operative ride, and its canny but fragile 2-wheeler guarantees that none of the passengers will have to deal with any difficulties. Its satiny 2-wheeler and ready-to-exercise technology strike the ideal blend of invention and practicality, satisfying the demands of passengers appearing for a swish but comfortable expressway to go around the city on a diurnal base. The Okinawa Lite epitomizes the electric two-wheelers of the future, offering a smooth and eco friendly riding experience for coincidental megacity residers.Read MoreWas this review helpful?
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Disclaimer :
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.
*Ex-showroom Price in Delhi
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