Question 1

What will be the lowest down payment for Ola Roadster?

Accepted Answer

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.

Question 2

What will be the monthly EMI for Ola Roadster?

Accepted Answer

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.

Question 3

What will be the interest rate for Ola Roadster?

Accepted Answer

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.

Question 4

What will be the EMI for 3 years tenure for Ola Roadster?

Accepted Answer

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.

Question 5

How much time Ola Roadster will take to charge?

Accepted Answer

Ola Roadster will take total 4.6 Hr to charge from 0-100 percent.

Question 6

What is the range offered by Ola Roadster on a full charge?

Accepted Answer

Ola Roadster offers range of 151 km/charge.

Question 7

Does Ola Roadster need a license?

Accepted Answer

Yes, it is required to have a driving license to drive Ola Roadster.

Question 8

What is the top speed of Ola Roadster?

Accepted Answer

Top speed of Ola Roadster is 116 km/Hr.

Question 9

What is the battery capacity of Ola Roadster?

Accepted Answer

Battery Capacity of Ola Roadster is 3.5 Kwh.

Question 10

What is the max speed of Ola Roadster?

Accepted Answer

The max speed of Ola Roadster is 116 km/Hr.

Question 11

What is the driving range of Ola Roadster?

Accepted Answer

The driving range of Ola Roadster is 151 km/charge.

Question 12

What is the battery type of Ola Roadster?

Accepted Answer

Ola Roadster uses the best Lithium-ion battery.

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