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Hop Oxo EMI Calculator

Hop Oxo
26 reviews
Rs.1.33 - 1.61 Lakh*
*Ex-showroom Price in delhi
View Finance Offers

Hop Oxo EMI starts at Rs 4,021 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,25,239. 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 Oxo. (Calculated on On Road Price in Delhi)

 

Hop Oxo Down Payment and EMI

Oxo VariantsLoan @ 9.7%. Down paymentEMI (36 months)
Prime1,25,239Rs. 13,916Rs. 4,021
X1,50,430Rs. 16,715Rs. 4,824
STD1,29,361Rs. 14,374Rs. 4,168
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Calculate your Loan EMI for Oxo

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price in delhi
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Oxo EMI FAQs

  • FAQ

What will be the lowest down payment for Hop Oxo?

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 Hop Oxo includes the RTO and insurance charges.

What will be the monthly EMI for Hop Oxo?

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 Hop Oxo 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. ₹1,25,155/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 125155 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,021/-

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.

What will be the interest rate for Hop Oxo?

The interest rate for Hop Oxo 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.

What will be the EMI for 3 years tenure for Hop Oxo?

EMI for Hop Oxo 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.

Hop Oxo User Reviews

4.2/5
Based on26 User Reviews
  • All (26)
  • Looks (10)
  • Speed (8)
  • Performance (8)
  • Price (7)
  • Comfort (5)
  • Mileage (5)
  • Power (4)
  • More ...
  • LATEST
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  • Cheap And Environmentally.....

    Online, I noticed the Hop Oxo, an attractive electric two-wheeler. With prices ranging from Rs. 1.61 to Rs. 1.83 Lakh,.....Read More

    By kushal
    On: Jul 25, 2023 | 514 Views
    • Like
    • Dislikes
  • Hop Oxo Has High Level.....

    The Hop OXO Electric Bike exemplifies the eventual fate of portability with its inventive plan and high-level elements......Read More

    By varun
    On: Jul 19, 2023 | 279 Views
    • 1 Like
    • Dislikes
  • Stunning Look

    The Hop Oxo bike has a stunning look. It boasts an excellent range, strong performance, and excellent mileage. It has.....Read More

    By animesh
    On: Jul 17, 2023 | 274 Views
    • Like
    • Dislikes
  • Great Battery Backup

    The Hop offers a battery guarantee of three years. An IP67-rated 5-inch display is included with the Hop OXO......Read More

    By aaryan
    On: Oct 31, 2022 | 1174 Views
    • Like
    • Dislikes
  • Per hour with an extra Turbo.....

    The electric motor of the HOP OXO generates 200 Nm of peak torque and 6.2 kW (8.3 bhp) of power while operating on a.....Read More

    By parveesh
    On: Oct 26, 2022 | 842 Views
    • Like
    • 1 Dislikes
  • View All Hop Oxo Reviews

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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.

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