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Mini Metro Red E Rickshaw EMI Calculator

Mini Metro Red E Rickshawthree-wheelers

Mini Metro Red E Rickshaw EMI Calculator

1.28 Lakh*

EMI Starts @ ₹2,069/month

Calculate your Loan EMI for Mini Metro Red E Rickshaw

Mini Metro
Red E Rickshaw

Ex-Showroom Price 1,28,000*

Calculate your Loan EMI for Mini Metro Red E Rickshaw Change Model

Mini Metro Red E Rickshaw EMI

EMI starting from

0 per month

₹ 01,28,000

Principal Amount

1,15,200

Interest Amount

0

0

Down Payment

12,800

Bank Interest Rate

12.57%

Loan Period (Months)

84

12243648607284

*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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Mini Metro Red E Rickshaw Loan EMI Calculator

Mini Metro Red E Rickshaw Loan EMI starts at ₹ 2069 per month with a down payment of ₹ 12,800 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 Red E Rickshaw. That will give you a detail insights of your purchase.

Mini Metro Red E Rickshaw Down Payment and EMI

Brand Model LOAN @ RATE% DOWN PAYMENT EMI AMOUNT(84 MONTHS)
Mini Metro Red E Rickshaw 12.57% ₹ 12,800 ₹ 2,069

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FAQs about Red E Rickshaw EMI

Mini Metro Red E Rickshaw EMI depends upon various factors like three wheeler loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 2,069 with the down payment of ₹ 12,800 at the interest rate of 10% for 5 year (varies from bank to bank).

It Depends upon bank to bank and other lending institutions. Otherwise Banks’ interest rates start from 7.50% and goes up to 24% per annum.

Mini Metro Red E Rickshaw Minimum down payment starts from ₹ 12,800. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.

You will have to pay ₹ 12,800 as a down payment for the amount Rs.10% of Ex-showroom Price @15% for 60 months, the monthly EMI will be ₹ 2,069.

Following documents are required for Mini Metro Red E Rickshaw loan :

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statements
  • Vehicle Details
  • Business Proof
  • Photographs

The 2024 price for the Mini Metro Red E Rickshaw starts from ₹ 1.28 Lakh Onwards . Although it can vary slightly from state to state and city to city.

To calculate the Equated Monthly Installment (EMI) for a Mini Metro Red E Rickshaw, you'll need to consider the loan amount, interest rate, and loan tenure.

Formula for Mini Metro Red E Rickshaw 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

CMV360 assists you in locating the closest dealerships on Mini Metro Red E Rickshaw where you can avail of excellent deals and purchase the Mini Metro Red E Rickshaw with the most affordable monthly EMI.

Mini Metro is here to redefine affordability with our exclusive EMI offer for the mighty Mini Metro Red E Rickshaw. Get ready to own the road with this unbeatable deal! Don't miss out on this incredible opportunity.

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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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