If you are planning to purchase the scooter on loan, here's a breakdown of the EMI you may have to pay, considering a down payment of Rs 20,000:

18 Months

If you are opting for an 18-month loan tenure, you'll need to pay an EMI of Rs 4,797. Considering an interest rate of 9.7%, the total interest paid will be Rs 6,294. The total repayment sums up to Rs 86,346 for the loan and interest, plus the down payment.

24 Months

For a lower EMI, you can opt for a 24-month loan tenure, which will be Rs 3,683. Here, the monthly payment is lower than the 18-month tenure, but the interest increases to Rs 8,340. The total repayment in this scheme comes to Rs 88,392, which is Rs 2,046 more compared to the 18-month tenure.

36 Months

Opting for a 36-month loan tenure lowers the EMI further to Rs 2,572. However, the total repayment amount sums up to Rs 92,592, excluding the down payment. That said, you will end up paying Rs 4,200 more compared to the 24-month loan tenure in this scheme.

BikeDekho Says

Opting for an EMI scheme can help ease the immediate financial burden compared to paying the full amount upfront. However, you will end up paying more to the bank in the form of interest, which increases the overall buying cost. Before applying for a loan, carefully read the terms and conditions offered by the bank.

Also note that the interest rate and EMI amount may vary depending on the bank, your CIBIL score, and loan eligibility. For the exact EMI and interest details, we recommend checking directly with your bank or financial institution.