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Okaya ClassIQ EMI Calculator
Okaya ClassIQ EMI starts at Rs 2,254 per month for a tenure of 36 months @9.7 for a loan amount of Rs 70,356. 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 ClassIQ. (Calculated on On Road Price in Delhi)
Okaya ClassIQ Down Payment and EMI
| ClassIQ Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| 150+ | 70,356 | Rs. 7,817 | Rs. 2,254 |
Rs. 74,499*
EMI starts from ₹ 2,254
*Ex-showroom Price in Delhi
Shortlist
Calculate your Loan EMI for ClassIQ
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.78,173
- Total Loan AmountRs.70173
- Payable AmountRs.81144
- You’ll pay extraRs.10971
EMIper month
Rs2,254
Calculated on On Road Price in Delhi
At BikeDekho, We can help you get the best deal on your loans.
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ClassIQ EMI FAQs
Q) What will be the lowest down payment for Okaya ClassIQ?
A) 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 Okaya ClassIQ includes the RTO and insurance charges.
Q) What will be the monthly EMI for Okaya ClassIQ?
A) 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 Okaya ClassIQ 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. ₹70,173/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 70173 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,254/-
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.
Q) What will be the interest rate for Okaya ClassIQ?
A) The interest rate for Okaya ClassIQ 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.
Q) What will be the EMI for 3 years tenure for Okaya ClassIQ?
A) EMI for Okaya ClassIQ 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.
Okaya ClassIQ User Reviews
Based on21 User Reviews
Write a Review & Win ₹1000
Popular Mentions
- All (21)
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- Good electric vehicle. It new generation ScottyGood electric vehicle and very comfortable . It looks is very premium and stylish.I try to ride so this is very comfortableWas this review helpful?
- False Promises On Battery Performance And WarrantyDon't buy okaya thinking it's a battery company so you can be at peace with battery performance. No, their battery didn't last even a year and is currently working at 1/3rd capacity. My classic Iq gives not more than 25km of range.Read MoreWas this review helpful?4
- Good ExperienceI like riding the Okaya ClassIQ, which is priced at ₹ 64,999(ex-showroom). Lifts with a plenitude of legroom, canny controls, and an accessible under seat storehouse area are my pets. It fulfills every want I've for a usual commute with an 80- 80-kilometer range and a three-four- to four-hour charging time. I like how the satiny, coincidental Design finds the full balance between freight and utility. The Okaya ClassIQ is my favorite Independence because it achieves the full balance between expression, Expression, and functionality. The rider is left with invaluable recollections of every assist because of its important interpretation and affordably priced features.Read MoreWas this review helpful?1
- Premium Electric Scooter With Classic DesignThe Okaya ClassIQ, which goes for ₹ 64,999(ex-showroom), is a bike I like riding. I like my lifts because they've plenitude of legroom, comfortable commands, and an accessible under-seat storehouse. It fulfills all of my conditions for my standard commute with an 80 km range and a short 3 – 4 hour charge time. I enjoy the satiny, ultramodern Design that strikes the ideal blend between affordability and functionality. My favorite Independence is the Okaya ClassIQ, which strikes the ideal blend of Expression look, and functionality. With its nicely priced features and strong interpretation, it makes every lift an indelible bone for the rider.Read MoreWas this review helpful?1
- Amazing BikeThe main selling point of this electric scooter is its sporty look and sharp angle it gots and the LED headlight is large and very efficient. The handlebar has turning indicators and a great look in DRL which gives it an elegant and eye-catching design factor. Its large and single-piece seat is very wide and spacious and the foot space is also decent. The real-world driving range of this electric scooter is around 60 km per charge and the top speed is limited to 25 mph.Read MoreWas this review helpful?
- View All Okaya ClassIQ 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.
*Ex-showroom Price in Delhi
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