Calculate your Loan EMI for Roadster Pro
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Roadster Pro 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 Pro 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 Pro 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. ₹1,94,418/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 194418 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 5,915/-
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 Pro 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 Pro 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 Pro User Reviews
- All (17)
- Looks (6)
- Comfort (6)
- Price (5)
- Experience (3)
- Performance (3)
- Power (2)
- Mileage (2)
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- Very nice bikeVery very nice bike very comfortable seat and reliable battery fast charging I did a test drive and it was amazing long lasting batteryWas this review helpful?YesNo
- Ola Roadster Pro Review: RevolutionizingOla Roadster Pro Review: Revolutionizing Electric Bikes? Battery and Performance The Ola Roadster Pro brings two battery options—8kWh and 16kWh. The 8kWh variant offers.....Read MoreWas this review helpful?YesNo
- It has very good performance,It has very good performance, it is very hood desirable,it is very comfortable to drive, all its futures are quite good, it is a value for money bike: brotherWas this review helpful?YesNo
- It has nice designIt has nice design with good looking screen also I am sad with range and charge time So overall experience is goodWas this review helpful?YesNo
- Nice bike in ev.Best electric bike with range and design very nice bike in the price for riding and the best for saving moneyWas this review helpful?YesNo
- View All Ola Roadster Pro Reviews
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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.