How to Use the EV Bike EMI Calculator
- Loan Amount: Enter the loan amount you wish to borrow for your electric bike purchase. This should include the cost of the electric bike itself along with any additional expenses such as the cost of insurance or accessories.
- Loan Tenure: Choose the loan tenure that suits your financial situation. The tenure represents the number of months required to repay the loan.
- Interest Rate: Input the applicable interest rate for your Electric Bike Loan. ICICI Bank offers competitive interest rates to ensure affordability.
The calculator will carry out the calculations side by side and give you varying figures as you adjust the inputs. This way, you can find the ideal EMI plan for repaying the loan comfortably.
For instance:
Principle Amount= 5,00,000
Rate of Interest= 10.25%*
Tenure= 3 years (36 months)
Loan EMI= Rs. 16,192
Note: The Rate of interest is subject to change.
