1. What is EMI?

EMI (Equated Monthly Installment) is the fixed payment amount a borrower pays to a lender each month until the loan is paid off. It includes both principal and interest components.

2. How EMI Calculation Works

The calculator uses the standard EMI formula:

Where:

• \( P \) — Loan principal amount (PHP)
• \( r \) — Monthly interest rate (annual rate divided by 12)
• \( n \) — Loan term in months

Example: For a PHP 50,000 loan at 10% annual interest for 24 months, the monthly EMI would be PHP 2,307.48.

3. Yamaha Motorcycle Financing in PH

Details: Yamaha Philippines offers various financing options through partner banks and financial institutions. Interest rates typically range from 8% to 20% annually depending on credit profile, loan term, and current promotions.

4. Using the Calculator

Tips:

• Enter loan amount in Philippine Pesos (PHP)
• Input the annual interest rate (not monthly)
• Standard loan terms are 12-36 months, with some extending to 60 months
• Down payments are typically 10-30% of motorcycle price

5. Frequently Asked Questions (FAQ)

Q1: What are typical interest rates for Yamaha loans in PH?
A: Rates vary but generally range from 8% for excellent credit to 20% for higher-risk borrowers.

Q2: What documents are needed for Yamaha financing?
A: Typically requires valid ID, proof of income, proof of address, and sometimes a down payment.

Q3: Can I prepay my Yamaha loan?
A: Most lenders allow prepayment but may charge a fee (usually 1-5% of outstanding balance).

Q4: What's the maximum loan term available?
A: Most lenders offer up to 36 months, with some extending to 60 months for qualified buyers.

Q5: Are there special promotions for Yamaha loans?
A: Yamaha frequently offers low-interest or even 0% interest promotions during special events.