Bajaj Avenger Street 160 EMI Calculator
Bajaj Avenger Street 160 EMI starts at Rs 4,007 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,24,861. The EMI Calculator tool on BikeDekho gives a detailed break-up of the total payable amount and helps you in finding the best bike finance for your Avenger Street 160. (Calculated on On Road Price in Delhi)
Bajaj Avenger Street 160 Down Payment and EMI
Avenger Street 160 Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
---|---|---|---|
BS6 | 1,24,861 | Rs. 13,874 | Rs. 4,007 |
Calculate your Loan EMI for Avenger Street 160
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Avenger Street 160 EMI FAQs
The lenders generally finance 90% of the value of the . Some customers might be eligible for 100% funding too. The down payment is the difference between the on-road price of the and the amount funded by a lender. This means the minimum possible down payment that you have to pay for Bajaj Avenger Street 160 includes the RTO and insurance charges.
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 Bajaj Avenger Street 160 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 bike loan is Rs. ₹1,24,735/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 124735 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,007/-
The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 10% per annum, then R= 10%/12 = 0.008333.
The interest rate for Bajaj Avenger Street 160 primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum. Customers can also negotiate with the financier for a better rate of interest against their loan amount.
EMI for Bajaj Avenger Street 160 for 3 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 36 in case of 3 years tenure.
Bajaj Avenger Street 160 User Reviews
- All 157
- Comfort 74
- Looks 47
- Engine 42
- Experience 35
- Seat 34
- Mileage 34
- Performance 31
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- Best bike like
Value of money best bike may experience is better than the other bike value of money and comfortable place on drive look good
Was this review helpful?YesNo - Review after 4000 km
Over all it's a good bike, but improve last person's seat in this bike.. some meterials are poor than previous. I given my review after using 4000 km with this bike..
Was this review helpful?YesNo - Want to buy Bajaj avenger
Want to buy Bajaj avenger,but still I am confused in between 160 cc and 220 cc…. Already I am having Bajaj discover
Was this review helpful?YesNo - Decent Performance
Overall, the Bajaj Avenger 160 Street is a solid bike. After two months of use, I find its comfort and style appealing, though it may not be ideal for taller individuals. Bajaj.....Read More
Was this review helpful?YesNo - Very nice bike
Very comfortable ride which stylist model bike with suits for all ages which loud by major teenagers
Was this review helpful?YesNo - View All Bajaj Avenger Street 160 Reviews
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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 includes 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.