Question 1

What will be the lowest down payment for Prevail Electric Elite?

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 Prevail Electric Elite includes the RTO and insurance charges.

Question 2

What will be the monthly EMI for Prevail Electric Elite?

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 Prevail Electric Elite 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. ₹1,21,574/- on an annual rate of interest of 10% for a tenure of 3 years then 
EMI = 121574 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,906/-
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 Prevail Electric Elite?

Accepted Answer

The interest rate for Prevail Electric Elite 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 Prevail Electric Elite?

Accepted Answer

EMI for Prevail Electric Elite 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

How much time Prevail Electric Elite will take to charge?

Accepted Answer

Prevail Electric Elite will take total 8 Hr to charge from 0-100 percent.

Question 6

What is the range offered by Prevail Electric Elite on a full charge?

Accepted Answer

Prevail Electric Elite offers range of 220 km/charge.

Question 7

Does Prevail Electric Elite need a license?

Accepted Answer

Yes, it is required to have a driving license to drive Prevail Electric Elite.

Question 8

What is the top speed of Prevail Electric Elite?

Accepted Answer

Top speed of Prevail Electric Elite is 80 km/Hr.

Question 9

What is the battery capacity of Prevail Electric Elite?

Accepted Answer

Battery Capacity of Prevail Electric Elite is  Kwh.

Question 10

What is the max speed of Prevail Electric Elite?

Accepted Answer

The max speed of Prevail Electric Elite is 80 km/Hr.

Question 11

What is the driving range of Prevail Electric Elite?

Accepted Answer

The driving range of Prevail Electric Elite is 220 km/charge.

Question 12

What is the battery type of Prevail Electric Elite?

Accepted Answer

Prevail Electric Elite uses the best Lithium-ion battery.

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