MTA EV Shera R8M EMI Calculator

MTA EV Shera R8M EMI Calculator

3.90 Lakh*

EMI Starts @ ₹6,304/month

Calculate your Loan EMI for MTA EV Shera R8M

MTA EV

Shera R8M

Ex-Showroom Price ₹3,90,000*

Calculate your Loan EMI for MTA EV Shera R8M Change Model

MTA EV Shera R8M EMI

EMI starting from

₹ 0 per month

₹ 0₹ 3,90,000

Principal Amount

₹ 3,51,000

Interest Amount

₹ 0

Down Payment

₹39,000

Bank Interest Rate

12.57%

Loan Period (Months)

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.

MTA EV Shera R8M Loan EMI Calculator

MTA EV Shera R8M Loan EMI starts at ₹ 6304 per month with a down payment of ₹ 39,000 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 Shera R8M. That will give you a detail insights of your purchase.

MTA EV Shera R8M Down Payment and EMI

Brand Model	LOAN @ RATE%	DOWN PAYMENT	EMI AMOUNT(84 MONTHS)
MTA EV Shera R8M	12.57%	₹ 39,000	₹ 6,304

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FAQs about Shera R8M EMI

MTA EV Shera R8M EMI depends upon various factors like three wheeler loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 6,304 with the down payment of ₹ 39,000 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.

MTA EV Shera R8M Minimum down payment starts from ₹ 39,000. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.

You will have to pay ₹ 39,000 as a down payment for the amount Rs.10% of Ex-showroom Price @15% for 60 months, the monthly EMI will be ₹ 6,304.

Following documents are required for MTA EV Shera R8M loan :

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

The 2024 price for the MTA EV Shera R8M starts from ₹ 3.90 Lakh Onwards . Although it can vary slightly from state to state and city to city.

To calculate the Equated Monthly Installment (EMI) for a MTA EV Shera R8M, you'll need to consider the loan amount, interest rate, and loan tenure.

Formula for MTA EV Shera R8M 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 MTA EV Shera R8M where you can avail of excellent deals and purchase the MTA EV Shera R8M with the most affordable monthly EMI.

MTA EV is here to redefine affordability with our exclusive EMI offer for the mighty MTA EV Shera R8M. Get ready to own the road with this unbeatable deal! Don't miss out on this incredible opportunity.