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Ola Electric bikes Finance

Are you interested in buying a new Ola Electric bikes and not able to find right deal? Not sure if you are being charged the right interest rate for your Ola Electric two wheeler loan? Check out the BikeDekho EMI calculator to find the best Ola Electric finance scheme by choosing the model that you wish to buy or calculate loan interest rate and equated monthly instalments (EMI) by entering the amount of bike loan that you wish to take.

Ola Electric Two Wheeler Loan EMI

Ola S1 ProRs. 4,084
Ola S1 XRs. 2,169
Ola S1 AirRs. 3,234
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Ola Electric bikes Finance Schemes

  • Ola S1 Pro

    Ola S1 Pro

    Rs.1.32 Lakh*
    EMI starts from Rs. 4,084
    5.5 kW6.5 Hr
    View Finance Offers
  • Ola S1 X

    Ola S1 X

    Rs.69,999 - 99,999*
    EMI starts from Rs. 2,169
    2.7 kW6.5 Hr
    View Finance Offers
  • Ola S1 Air

    Ola S1 Air

    Rs.1.06 Lakh*
    EMI starts from Rs. 3,234
    2.7 kW5 Hr
    View Finance Offers
*Ex-showroom price Delhi

FAQs for Ola Electric Finance

How is Ola Electric bike loan EMI calculated monthly?

Ola Electric bike loan EMIs include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI 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.

Which documents I need to have to apply for a Ola Electric two wheeler loan?

To get your Ola Electric bike loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs (Form 16/Salary Slips/ITR). You can get the exact requirement from your loan consultant after applying with us.

What will be the minimum down payment for a Ola Electric Bike/Scooter loan?

The lenders generally finance 90% of the ex-showroom price of the Ola Electric two wheeler. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the Ola Electric bike. Down payment is the difference between the on-road price of the Ola Electric bike and the amount funded by the lender.

What will be the rate of interest on a Ola Electric bike finance?

The interest rate primarily depends on the principal amount and tenure of the loan amount of the Ola Electric two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.

Ola Electric Bike News & Reviews

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Ola Electric Bikes Further Research

Popular Ola Electric Two Wheelers

*Ex-showroom price in Delhi
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