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Ola S1 Air EMI Calculator
Ola S1 Air EMI starts at Rs 3,831 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,19,016. 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 S1 Air. (Calculated on On Road Price in Delhi)
Ola S1 Air Down Payment and EMI
| S1 Air Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| STD | 1,19,016 | Rs. 13,224 | Rs. 3,831 |
Rs. 1.27 Lakh*
EMI starts from ₹ 3,831
*Ex-showroom Price in Delhi
Shortlist
Calculate your Loan EMI for S1 Air
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.1,32,240
- Total Loan AmountRs.119240
- Payable AmountRs.137916
- You’ll pay extraRs.18676
EMIper month
Rs3,831
Calculated on On Road Price in Delhi
At BikeDekho, We can help you get the best deal on your loans.
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S1 Air EMI FAQs
Q) What will be the lowest down payment for Ola S1 Air?
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 Ola S1 Air includes the RTO and insurance charges.
Q) What will be the monthly EMI for Ola S1 Air?
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 Ola S1 Air 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. ₹1,19,240/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 119240 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,831/-
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 Ola S1 Air?
A) The interest rate for Ola S1 Air 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 Ola S1 Air?
A) EMI for Ola S1 Air 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 S1 Air User Reviews
Based on128 User Reviews
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- Ola S1 AirOla S1 Air is a great choice every usage. The company claims that the ola can get mileage of 150km for each full charge,but i get approximately 100km but i think its really great by comparing with petrol vehicles. The style and the comfort of the vehicle is top notch.And the features in this is really good . And it delivers a peak power of 6kW.This helps the scooter to accelerate 0-40km/h in 3.3secondsRead MoreWas this review helpful?
- 1 years with OlaI have been using Ola s1 air for about 1 year, it's one of the best for inner city travell, it has various modes and simple to understand all options, it has built in GPS app helps to navigate easily, Important : cost consumption I have driven around 10k kilometers and saves around 15k rs for petrol by being electric , my family members also like my ola mostly they prefer my ola insted of using their own perol vehicle One negative : service centers are bad,Hope that ola will resolve it soon!Read MoreWas this review helpful?
- It's best of all timeIt's good has high battery capacity it works really good with daily users 151km per hour is its limit .The model is really high quality and won't be damaged by potholes. As it is best for the regular user you can be using it it is just the best scooter 🛵Read MoreWas this review helpful?1
- Ola electric is best choice in money savingSuper futures and condition is very great full Ola electric is best choice in money saving and scooter millage is wonderfulWas this review helpful?
- Ola s1 air reviewPerformance is good. Range is good. Features are very good. But the after sales service support from ola is very poor.Was this review helpful?
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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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