Yamaha MT-03 EMI Calculator
Yamaha MT-03 EMI starts at Rs 14,366 per month for a tenure of 36 months @6 for a loan amount of Rs 4,71,804. 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 MT-03. (Calculated on On Road Price in Delhi)
Yamaha MT-03 Down Payment and EMI
MT-03 Variants | Loan @ 6%. | Down payment | EMI (36 months) |
---|---|---|---|
STD | 4,71,804 | Rs. 52,423 | Rs. 14,366 |
Calculate your Loan EMI for MT-03
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
Find EMI of MT-03 Alternatives
MT-03 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 Yamaha MT-03 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 Yamaha MT-03 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. ₹4,72,227/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 472227 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 14,366/-
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 Yamaha MT-03 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 Yamaha MT-03 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.
Yamaha MT-03 User Reviews
- All 12
- Looks 6
- Comfort 4
- Performance 4
- Power 3
- Mileage 2
- Wheel 2
- Engine 2
- More ...
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Look is very powerful engines osm bike Iike thik bike hr is good looking and attractive design I love thika bike
Was this review helpful?YesNo - Excellent bike
It was excellent bike I really love it it's my dream bike I want to buy aa mt15 it was amazing and good bike
Was this review helpful?YesNo - Great Bike
In contrast to the R3, the MT-03 features numerous aggressive and sharp design elements. The front end, characterized by its fierce-looking headlamp unit, evokes thoughts of an.....Read More
Was this review helpful?YesNo - Value For Money
Having ridden the beast for 4 years now, its performance remains at its peak, requiring minimal modifications to unleash its raw power. The outstanding riding posture and comfort.....Read More
Was this review helpful?YesNo - Rule Of Torque
This is Yamaha's latest naked bike model, which is also the predecessor of the MT-15. It's designed to provide greater comfort during long rides and off-road adventures.
Was this review helpful?YesNo - View All Yamaha MT-03 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.