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Joy E-Rik V1 EMI Calculator
3.85 Lakh*
EMI Starts @ ₹6,223/month
Calculate your Loan EMI for Joy E-Rik V1
Ex-Showroom Price ₹3,85,000*
Calculate your Loan EMI for Joy E-Rik V1 Change Model
Joy E-Rik V1 EMI
EMI starting from
₹ 0 per month
Principal Amount
₹ 3,46,500
Interest Amount
₹ 0
₹ 0
₹38,500
12.57%
84
*Processing fee and other loan charges are not included.
Disclaimer:- Applicable rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.
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Joy E-Rik V1 Loan EMI Calculator
Joy E-Rik V1 Loan EMI starts at ₹ 6223 per month with a down payment of ₹ 38,500 for 84 months tenure at the interest rate of 12.57% (depends upon the bank). You can choose the EMI options for the given loan amount on quarterly, half-yearly, and yearly basis. Note that each option will alter the amount of EMI payment.
Our CMV360 EMI Calculator tool helps you to break down the total payable amount and to find the best three wheeler finance options for your E-Rik V1. That will give you a detail insights of your purchase.
Joy E-Rik V1 Down Payment and EMI
| Brand Model | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(84 MONTHS) |
|---|---|---|---|
| Joy E-Rik V1 | 12.57% | ₹ 38,500 | ₹ 6,223 |
Find EMI of E-Rik V1 Alternatives
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FAQs about E-Rik V1 EMI
Following documents are required for Joy E-Rik V1 loan :
- Identity Proof
- Address Proof
- Income Proof
- Bank Statements
- Vehicle Details
- Business Proof
- Photographs
To calculate the Equated Monthly Installment (EMI) for a Joy E-Rik V1, you'll need to consider the loan amount, interest rate, and loan tenure.
Formula for Joy E-Rik V1 EMI Calculation: The formula for calculating EMI is as follows:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
EMI: Equated Monthly Installment
P: Principal loan amount (the loan amount)
R: Monthly interest rate (annual rate divided by 12 and expressed as a decimal)
N: Loan tenure in months
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Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
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