Calculate your Loan EMI for iQube
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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iQube 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 TVS iQube 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 TVS iQube 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. ₹1,11,309/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 111309 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,576/-
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 TVS iQube 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 TVS iQube 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.
TVS iQube User Reviews
- All 247
- Comfort 73
- Performance 57
- Looks 45
- Speed 44
- Experience 43
- Price 37
- Navigation 29
- More ...
- Latest
- Most Helpful
- About tvs iqube scootyAmazing comfort with milege and looks makes it super cool ev with affordable price. Tvs iqube perform better than other local electric scootyWas this review helpful?YesNo
- Looks great and quite comfortable as wellMy friend has a TVS iQube and he shared his experience with me. Its range is very limited so I can't think of traveling outside the city limits with this scooter. Its Google Maps.....Read MoreWas this review helpful?YesNo
- iqube is always complaint. It'siqube is always complaint. It's been 6 months since iqube was purchased and the battery is compliant. Now even after a month iqube has not been repaired and when I call the.....Read MoreWas this review helpful?YesNo
- service is very goodservice is very good and i was impressed by there commitment and same day home delivery. overall i Qube is the family scooter and my family likes it most.Was this review helpful?YesNo
- Good ev scootyGood but must be more butter in mileage and in top speed but there is some point which is too good in this ev that is confort .Was this review helpful?YesNo
- View All TVS iQube Reviews
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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.