Terra Motors Sumo EMI Calculator

Terra Motors Sumo EMI Calculator

1.42 Lakh*

EMI Starts @ ₹2,295/month

Calculate your Loan EMI for Terra Motors Sumo

Terra Motors

Sumo

Ex-Showroom Price ₹1,42,000*

Calculate your Loan EMI for Terra Motors Sumo Change Model

Terra Motors Sumo EMI

EMI starting from

₹ 0 per month

₹ 0₹ 1,42,000

Principal Amount

₹ 1,27,800

Interest Amount

₹ 0

Down Payment

₹14,200

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.

Terra Motors Sumo Loan EMI Calculator

Terra Motors Sumo Loan EMI starts at ₹ 2295 per month with a down payment of ₹ 14,200 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 Sumo. That will give you a detail insights of your purchase.

Terra Motors Sumo Down Payment and EMI

Brand Model	LOAN @ RATE%	DOWN PAYMENT	EMI AMOUNT(84 MONTHS)
Terra Motors Sumo	12.57%	₹ 14,200	₹ 2,295

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FAQs about Sumo EMI

Terra Motors Sumo EMI depends upon various factors like three wheeler loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 2,295 with the down payment of ₹ 14,200 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.

Terra Motors Sumo Minimum down payment starts from ₹ 14,200. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.

You will have to pay ₹ 14,200 as a down payment for the amount Rs.10% of Ex-showroom Price @15% for 60 months, the monthly EMI will be ₹ 2,295.

Following documents are required for Terra Motors Sumo loan :

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

The 2024 price for the Terra Motors Sumo starts from ₹ 1.42 Lakh Onwards . Although it can vary slightly from state to state and city to city.

To calculate the Equated Monthly Installment (EMI) for a Terra Motors Sumo, you'll need to consider the loan amount, interest rate, and loan tenure.

Formula for Terra Motors Sumo 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 Terra Motors Sumo where you can avail of excellent deals and purchase the Terra Motors Sumo with the most affordable monthly EMI.

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