If you are thinking of buying the Ola Roadster electric bike, it is important to understand how you can finance it through an EMI plan. The EMI (Equated Monthly Installment) option makes it easier to own the bike without paying the full amount upfront.
Loan Amount and Interest Rate
For the Ola Roadster, you can get a loan of up to ₹1,00,143. The interest rate for this loan is around 10%, which is standard for two-wheeler loans.
EMI Calculation
You can easily calculate the EMI using a formula. The EMI depends on the loan amount, interest rate, and loan tenure. For instance, if you borrow ₹1,00,143 with an interest rate of 10% for 36 months, your monthly EMI would be approximately ₹3,281.
Down Payment
The down payment for the Ola Roadster is quite affordable. You will need to pay a minimum of ₹5,271 upfront, and the rest can be paid through monthly EMIs.
Where to Apply for the Loan
You can apply for the loan through various banks and financial institutions. Some popular options include HDFC Bank and Bajaj Finserv. Both of these institutions offer competitive interest rates and flexible repayment plans, making it easier for you to finance the Ola Roadster.
The Ola Roadster is an excellent choice for those who prefer electric vehicles. The EMI plan makes it even more affordable, with manageable monthly payments. Be sure to check with different lenders to find the best financing option that suits your budget.