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Ola Gig EMI Calculator
Ola Gig EMI starts at Rs 1,257 per month for a tenure of 36 months @9.7 for a loan amount of Rs 38,803. 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 Gig. (Calculated on On Road Price in Delhi)
Ola Gig Down Payment and EMI
| Gig Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| + | 48,021 | Rs. 5,336 | Rs. 1,554 |
| STD | 38,803 | Rs. 4,311 | Rs. 1,257 |
Shortlist
Rs.39,999 - 49,999*
EMI starts from ₹1,257
Calculate your Loan EMI for Gig
Down PaymentRs.
0Rs.0
Bank Interest Rate %
6%26%
Loan Period ( Months )
Your monthly EMI
Rs.1,257*
Rate of interest @ 9.7%* for 36 Months
- Loan amountRs.39114
- Interest amountRs.6138
- Total Amount PayableRs.45252*
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Gig EMI FAQs
Q) What will be the lowest down payment for Ola Gig?
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 Gig includes the RTO and insurance charges.
Q) What will be the monthly EMI for Ola Gig?
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 Gig 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. ₹39,114/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 39114 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 1,257/-
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 Gig?
A) The interest rate for Ola Gig 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 Gig?
A) EMI for Ola Gig 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 Gig User Reviews
Based on19 User Reviews
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Popular Mentions
- All (19)
- Comfort (9)
- Price (8)
- Looks (7)
- Speed (7)
- Maintenance (5)
- Style (3)
- More...
- Latest
- Good Experience.Good Riding experience but charge stations are little bit tough to locate while travelling from one city to another. during local travel it is easy to pass high traffic places and narrow streets. Service Centre is also little tough practice. But overall experience is comfortable and good and I personally find it budget friendly electric scooterRead More
- Cheap price high performanceIt is the cheapest yet the best scooters in the market to buy. I got to know about this scooter by my friend I m a student at college so this scooter works like a magic for me, it helps me alot in daily works. The ride was decent good as you know its highest Speed is 45 km/hr so it was good that i do not over speed while riding it that's way may be my father bought me this but really the suspension and brakes are fabulous Yeah surely for the delivery partners and all the students who go to Schools and colleges must have this bike with them as it is cheap plus low maintainance with high profitable and safe rides its really goodRead More
- Good for delivery boyOverall good for delivery boy and logistics services best things on this scooter is its price absolutely affordable price so much happy with that. Only the first time in the range offering so good also a middle class person like office man can buy it and it can also used for little work so good electric scooter all goodRead More
- Awesome Review in High qualityLooking awesome with wonderful look Amazing grip with great features It's a wonderful weekend when I use my ola scooty It's really good grip with great features of the maintenance If in discussing about the company, part of the vehicle is always available nearby stores & department Almost it's really goodRead More
- Nice electric scooter for lowerNice electric scooter for lower price and it is very good comfort and it self starting and when we ride on road going with smooth and easy. in this scooter was run with waterproof and charging.when we ride this bike all other members are watching us . this is the lowest price and budget for middle class family.Read More
- Best in class model with high power efficientGood in mileage as per price range, lowest maintenance cost, useful for medium class families, as well as college students, it takes less energy unit to charge, saves around 40000 fuel costing per year, paisa wasool in 2 years. Having phone connectivity to surveillance and reverse mode is useful mostly for girl'sRead More1
- Amazing! I enjoyed the rideAmazing! I enjoyed the ride every moment!! Whenever I've to go somewhere I use it it's so easy to handle ! Also comfortable smooth! I appreciate ola gig for this work !!! I'm a college student and I go to college everyday and this makes my life way much easier ! Even I enjoy my ride with my friends!Read More2
- Ola Gig ReviewThe bike has preety good buying experience, the staff is very welcoming even the online experience is good, the ride comfort is pretty decent the suspension are on harder side but the seat cushioning is good , bike comes with preety good space for goods , the performance is good as compared to price .Read More1
- Unique designIt's very unique in design and experimental as it gives mix look of scooter and cycle. Although many people may don't relate much with the design because mostly man will not find it much masculine as it's for very young people but eventually younger ones will also don't able to understand the concept really thoughRead More1
- OLA GIG STD Version ReviewI have went to the test drive of this bike its not so comfortable and also i think its body is so delicate and can be broken if hit to something and going upon the style its averge accouding to the burget and also mileage also not bad according to the price and also the top speed is not even forty and over all experience is okish.Read More1
- View All Ola Gig 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.
*Ex-showroom price in Delhi
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