Question 1

What will be the interest rate for udChalo VirBike?

Accepted Answer

The interest rate for udChalo VirBike 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 2

What will be the EMI for 3 years tenure for udChalo VirBike?

Accepted Answer

EMI for udChalo VirBike 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 3

Does udChalo VirBike need a license?

Accepted Answer

Yes, it is required to have a driving license to drive udChalo VirBike.

Question 4

What is the battery capacity of udChalo VirBike?

Accepted Answer

Battery Capacity of udChalo VirBike is 0.27 Kwh.

Question 5

What is the battery type of udChalo VirBike?

Accepted Answer

udChalo VirBike uses the best Lithium-ion battery.

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