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Okaya ClassIQ EMI Calculator

Okaya ClassIQ
20 reviews
*Ex-showroom Price in delhi
View Finance Offers

Okaya ClassIQ EMI starts at Rs 2,254 per month for a tenure of 36 months @9.7 for a loan amount of Rs 70,356. 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 ClassIQ. (Calculated on On Road Price in Delhi)


Okaya ClassIQ Down Payment and EMI

ClassIQ VariantsLoan @ 9.7%. Down paymentEMI (36 months)
150+70,356Rs. 7,817Rs. 2,254

Calculate your Loan EMI for ClassIQ

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

What will be the lowest down payment for Okaya ClassIQ?

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 Okaya ClassIQ includes the RTO and insurance charges.

What will be the monthly EMI for Okaya ClassIQ?

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 Okaya ClassIQ 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. ₹70,173/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 70173 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,254/-

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 Okaya ClassIQ?

The interest rate for Okaya ClassIQ 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 Okaya ClassIQ?

EMI for Okaya ClassIQ 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.

Okaya ClassIQ User Reviews

Based on20 User Reviews
  • All (20)
  • Looks (7)
  • Speed (6)
  • Comfort (5)
  • Performance (4)
  • LED (4)
  • Price (3)
  • Seat (3)
  • More ...
  • for 150+

    False Promises On Battery.....

    Don't buy okaya thinking it's a battery company so you can be at peace with battery performance. No, their battery.....Read More

    By navneet chauhan
    On: Feb 11, 2024 | 487 Views
    • 1 Like
    • 0 Dislikes
  • Good Experience

    I like riding the Okaya ClassIQ, which is priced at ₹ 64,999(ex-showroom). Lifts with a plenitude of legroom, canny.....Read More

    By sokesh
    On: Jan 02, 2024 | 306 Views
    • 1 Like
    • Dislikes
  • Premium Electric Scooter With.....

    The Okaya ClassIQ, which goes for ₹ 64,999(ex-showroom), is a bike I like riding. I like my lifts because they've.....Read More

    By raja
    On: Dec 20, 2023 | 221 Views
    • 1 Like
    • Dislikes
  • Amazing Bike

    The main selling point of this electric scooter is its sporty look and sharp angle it gots and the LED headlight is.....Read More

    By mansii
    On: Dec 20, 2023 | 130 Views
    • Like
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  • With decent fit and finishing.....

    With decent fit and finishing Okaya ClassIQ provides good ride quality and the plastic material is also good but the.....Read More

    By yash
    On: Dec 18, 2023 | 170 Views
    • Like
    • Dislikes
  • View All Okaya ClassIQ 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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