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Suzuki Avenis EMI Calculator
Suzuki Avenis EMI starts at Rs 3,166 per month for a tenure of 36 months @9.7 for a loan amount of Rs 98,595. 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 Avenis. (Calculated on On Road Price in Delhi)
Suzuki Avenis Down Payment and EMI
Avenis Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
---|---|---|---|
Race Edition | 99,405 | Rs. 11,045 | Rs. 3,195 |
Base | 98,595 | Rs. 10,955 | Rs. 3,166 |
Calculate your Loan EMI for Avenis
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Avenis 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 Suzuki Avenis 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 Suzuki Avenis 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. ₹98,550/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 98550 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,166/-
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 Suzuki Avenis 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 Suzuki Avenis 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.