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Bajaj Chetak EMI Calculator

Bajaj Chetak EMI Calculator

Bajaj Chetak EMI starts at Rs 3,022 per month for a tenure of 36 months @9.7 for a loan amount of Rs 94,550. 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 Chetak. (Calculated on On Road Price in Delhi)

 

Bajaj Chetak Down Payment and EMI

Chetak VariantsLoan @ 9.7%. Down paymentEMI (36 months)
3202 TecPac1,12,890Rs. 12,543Rs. 3,612
2903 TecPac97,298Rs. 10,811Rs. 3,120
32021,08,310Rs. 12,034Rs. 3,481
290394,550Rs. 10,506Rs. 3,022
3201 Special Edition1,30,226Rs. 14,470Rs. 4,199
Premium1,37,830Rs. 15,314Rs. 4,438
Premium TecPac1,46,074Rs. 16,231Rs. 4,700
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Rs. 99,998 - 1.56 Lakh*
Down-Payment starts at Rs. 4999
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*Ex-showroom Price in Delhi
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Calculate your Loan EMI for Chetak

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price in Delhi
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Chetak EMI FAQs

What will be the lowest down payment for Bajaj Chetak?

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 Chetak includes the RTO and insurance charges.

What will be the monthly EMI for Bajaj Chetak?

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 Chetak 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. ₹94,056/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 94056 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,022/-

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.

What will be the interest rate for Bajaj Chetak?

The interest rate for Bajaj Chetak 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.

What will be the EMI for 3 years tenure for Bajaj Chetak?

EMI for Bajaj Chetak 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 Chetak User Reviews

4.2/5
Based on204 User Reviews
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  • N
    nadeem on Oct 30, 2024
    4.2
    Best bike ever it's a
    Best bike ever it's a smooth bike with no tention and a best mileage and it is very light in weight.
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  • A
    arvind on Oct 28, 2024
    1.2
    Very bad experience with Chetak
    Yesterday I got delivered new Bajaj chetak 3202 but while drivrng the scooter from Show room to house . Scooter got locked automatically.
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  • A
    amal on Oct 27, 2024
    3.5
    A decent average scooter
    I've been riding the Chetak 3202 for a while now, and overall, the performance has been decent. However, I recently faced a significant issue that has affected my experience. My.....
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  • M
    manish on Oct 25, 2024
    4.3
    benefits of this EV scooter
    benefits of this EV scooter with a metal body, highlighting its durability, smooth ride, impressive battery life, and great design. It emphasizes the scooter's suitability for.....
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  • R
    rprakul on Oct 24, 2024
    5.0
    WOW- Only one word describe the whole quality
    WOW- Only this word describe the whole quality of Bajaj Chetak EV fully satisfied, much better than OLA,TVS IQUBE and ATHER, Real coming of our HAMARA BAJAJ.
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  • View All Bajaj Chetak Reviews

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Disclaimer :

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.

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*Ex-showroom Price in Delhi
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