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Ola S1 Pro EMI Calculator
Ola S1 Pro EMI starts at Rs 3,906 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,21,117. 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 Pro. (Calculated on On Road Price in Delhi)
Ola S1 Pro Down Payment and EMI
| S1 Pro Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| Gen 2 | 1,21,117 | Rs. 13,457 | Rs. 3,906 |
Rs. 1.29 Lakh*
EMI starts from ₹ 3,906
*Ex-showroom Price in Delhi
Shortlist
Calculate your Loan EMI for S1 Pro
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.1,34,574
- Total Loan AmountRs.121574
- Payable AmountRs.140616
- You’ll pay extraRs.19042
EMIper month
Rs3,906
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 Pro EMI FAQs
Q) What will be the lowest down payment for Ola S1 Pro?
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 Pro includes the RTO and insurance charges.
Q) What will be the monthly EMI for Ola S1 Pro?
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 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. ₹1,21,574/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 121574 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,906/-
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 Pro?
A) The interest rate for Ola S1 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.
Q) What will be the EMI for 3 years tenure for Ola S1 Pro?
A) EMI for Ola S1 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 S1 Pro User Reviews
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- I drive my friend olaI drive my friend ola s1 pro 2nd gen. Ola has good at the range pickup is very nice. Speed is also very good. Style of ola is very simple design. I expect to ola scooter is much more sporty. Update problem is on the ola scooter I want to fix it shortly. Scooter is nice. But service quality is not working on time.I expect to more friendly.Read MoreWas this review helpful?
- Very good scooterVery fabulous scooter for the eco use of the commercial use as well as use for the residence works like going market And office multiple tasks can perform effective well in our life ! I think this scooter should launch most rarest scooter that cannot done by other brands ! This is very helpful scooter for us and it is also eco friendlyRead MoreWas 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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