Strom Motors R3 EMI Calculator

Strom Motors R3 EMI starts at Rs 9,015 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 4.25 Lakh. The EMI Calculator tool on CarDekho gives a detailed break-up of the total payable amount and helps you in finding best car finance for your R3.

Strom Motors R3 Down Payment and EMI

Strom Motors R3 VariantsLoan @ rate%Down paymentEMI Amount(60 months)
Strom Motors R3 2-Door9.8Rs.47,330Rs.9,015

Calculate your Loan EMI for R3

Down PaymentRs.0
0Rs.0
Bank Interest Rate 8 %
8%22%
Loan Period ( Years )
• Total Loan AmountRs.0
• Payable AmountRs.0
• You''ll pay extraRs.0
EMIper month
Rs0             Not Sure, Which car to buy?

Find EMI of R3 Alternatives

*Ex-showroom Price in New Delhi Frequently Asked Questions On R3 Emi

What will be the lowest down payment for Strom Motors R3?

The lenders generally finance 90% of the On-Road Price of the Strom Motors R3. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the Strom Motors R3 and the amount funded by the lender.

What will be the monthly EMI for the Strom Motors R3?

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the Strom Motors R3 can be calculated using the following formula:

{P x R x (1+R)^N / [(1+R)^N-1]}

where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.

For Example:- If the principal amount for a car loan is Rs. 4.25 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 9,015. The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 9.8% per annum, then R= 9.8/12 = 0.81%/month .

What will be the interest rate for the Strom Motors R3?

Interest rate for the Strom Motors R3 primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 8.75% per annum to 11.50% per annum. If a customer holds an account with the financier then he may have a pre-approved new car loan offer available for him which can be verified by logging into his account. Customers can also negotiate with the financier for a better rate of interest against their loan amount.

What will be the EMI for 5 years tenure for the Strom Motors R3?

EMI for the Strom Motors R3 for 5 years tenure can be calculated as per the following formula:-

{P x R x (1+R)^N / [(1+R)^N-1]}

Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be per month in case of 5 years tenure.

KM driven per day20 km/day
Monthly fuel costRs.0* / month

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Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not include any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.