Calculate your Loan EMI for Roadster
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Roadster 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 Ola Roadster 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 Ola Roadster 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. ₹1,02,133/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 102133 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,281/-
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 Ola Roadster 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 Ola Roadster 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.
Ola Roadster User Reviews
- All (61)
- Looks (24)
- Price (15)
- Performance (13)
- Mileage (10)
- Comfort (9)
- Style (6)
- Service (5)
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- Ok let's check outOk but hum log trust kr sakte hai durability p and range p because durability it's major issue for electric every bikeWas this review helpful?YesNo
- The most perfect thingThe most perfect thing and feature about this is that it is above the competition and far away from new modern technologiesWas this review helpful?YesNo
- Superb quality productThe Ola Roadster is a highly anticipated electric motorcycle from Ola Electric, aimed at revolutionizing the electric two-wheeler segment. It boasts an impressive range, fast.....Read MoreWas this review helpful?YesNo
- Nice controlling bike better performanceNice controlling bike better performance compare with revolt better navigation system better suspension super milage and the bike disign is very coolWas this review helpful?YesNo
- Ola roadster reviewsExcept for design and styling everything is good at this price range. You can consider this bike if you want to get a value for money bike.Was this review helpful?YesNo
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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.