Thinking of buying the TVS Ntorq 125 and wondering how much EMI you will have to pay? Here is a table showing the on-road (Delhi) price of the TVS scooter by variant, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a down payment –
|drumming||89,353 rupees||2 years||ten%||9,000 rupees||3,708 rupees|
|Disk||94,258 rupees||2 years||ten%||9,500 rupees||3,911 rupees|
|Race Edition||98,223 rupees||2 years||ten%||10,000 rupees||4,071 rupees|
|Super Squad Edition||Rs 1,00,976||2 years||ten%||10,000 rupees||4,198 rupees|
|Race XP||Rs 1,02,683||2 years||ten%||10,000 rupees||4,277 rupees|
|XT||Rs 1,13,978||2 years||ten%||11,000 rupees||4,752 rupees|
We have chosen an average term of office of 2 years as standard, as well as a down payment of approximately 10% and an estimated bank interest rate of 10%. Note that the buyer is free to decide the duration for which he will take out the loan, while the interest rate varies from one bank to another. Additionally, you can also choose to pay a higher or lower down payment, which will decrease or increase your Easy Monthly Payment (EMI) respectively.
For example, if you were to purchase the TVS Ntorq 125 Disc variant (ex-showroom price – Rs 81,561), you would end up paying Rs 3,911 as a monthly installment for a period of 24 months (2 years) with a return on 10% investment. , along with a one-time down payment of Rs 9,500. All added up, you end up paying around Rs 1,03,364 for the said variant at the end of your loan tenure, which includes the on-road price, down payment amount paid at the time of purchase, as well as interest incurred over the aforementioned period.
Let us know in the comments below if you want to know the EMI for any other scooter, motorcycle or car of your choice.