Bajaj Chetak EMI Calculator


Updated on October 2026
The Bajaj Chetak EMI is Rs. 3,157 per month for 36 months at 11.99% on a loan of Rs. 95,062, with a down payment of Rs. 28,573. This is based on the C3001 variant's on-road price of Rs. 1,23,635 in Nashik (ex-showroom Rs. 1,19,270). Use the bike loan calculator below to change the down payment, interest rate and tenure.
Also see: Chetak On-road price | Chetak Mileage

Bajaj Chetak EMI and Down Payment (Nashik)

Ex-showroom
: Rs. 1,19,270
On-road price
: Rs. 1,23,635  (Nashik)
Loan amount
: Rs. 95,062  (On-road - Down payment)
Down payment
: Rs. 28,573  (On-road - Loan amount)
Monthly EMI
: Rs. 3,157  (For Tenure of 36 months @ 11.99%; banks start from 10.05%)
Insurance
: Rs. 4,365
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Bajaj Chetak Bike Loan EMI Calculator

On-road price (Nashik)
Rs. 1,23,635
Down payment
Rs. 28,573
Loan amount
Rs. 95,062
Interest rate
11.99%
Tenure
36 months
Monthly EMI
Rs. 3,157
Total interest
Rs. 18,590
Total payable
Rs. 1,13,652
EMI in advance: You pay one EMI instalment in advance to the bank. This amount is EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan
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Bajaj Chetak Loan Interest Rates by Bank

Bajaj Chetak loan rates, 36 months, loan Rs. 95,062
Lending Partners Interest Rate EMI Starting From (36 Months)
Loans From HDFC BankHDFC Bank 14.5% onwards Rs. 3,272 (36 months)
Loans From ICICI BankICICI Bank 10.05% onwards Rs. 3,070 (36 months)
Loans From Axis BankAxis Bank 11% onwards Rs. 3,112 (36 months)
Loans From Bank of Baroda BankBank of Baroda 13.65% onwards Rs. 3,233 (36 months)
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Bajaj Chetak EMI by Tenure

For a Rs. 95,062 loan on the C3001 electric at 11.99%.

Tenure EMI Total Interest Total Payable
12 months Rs. 8,446 Rs. 6,290 Rs. 1,01,352
24 months Rs. 4,474 Rs. 12,314 Rs. 1,07,376
36 months Rs. 3,157 Rs. 18,590 Rs. 1,13,652
48 months Rs. 2,503 Rs. 25,082 Rs. 1,20,144
60 months Rs. 2,114 Rs. 31,778 Rs. 1,26,840
Bajaj Chetak
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Bajaj Chetak
4.8 31 user reviews
Starts at ₹ 1,19,270
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Bajaj Chetak Variant-wise EMI & Down Payment

Chetak Variants Fuel/Transmission Ex-showroom Loan @11.99% Down Payment EMI (36 months)
C3001 Electric Rs. 1,19,270 Rs. 95,062 Rs. 28,573 Rs. 3,157
C3503 Electric Rs. 1,29,157 Rs. 1,03,187 Rs. 30,492 Rs. 3,427
C3502 Electric Rs. 1,44,939 Rs. 1,16,157 Rs. 33,555 Rs. 3,858
C3501 Electric Rs. 1,57,140 Rs. 1,26,183 Rs. 35,924 Rs. 4,190

Bajaj Chetak EMI vs Konarc, iQube S, VX2

Bajaj Chetak EMI FAQs

What is the EMI for the Bajaj Chetak?

Rs. 3,157 per month for the C3001 variant (loan Rs. 95,062, 11.99%, 36 months). Over 60 months it is Rs. 2,114.

What is the down payment for the Bajaj Chetak?

Rs. 28,573 for C3001, Rs. 30,492 for C3503, Rs. 33,555 for C3502 and Rs. 35,924 for C3501 in ZigWheels' default calculation.

What is the EMI for the Bajaj Chetak C3501 variant?

Rs. 4,190 per month on a loan of Rs. 1,26,183 at 11.99% for 36 months.

Which bank has the lowest rate for a Bajaj Chetak loan?

Of the listed partners, ICICI Bank starts at 10.05% (EMI Rs. 3,070 for 36 months). Axis Bank 11%, Bank of Baroda 13.65%, HDFC Bank 14.5%.

How much total interest will I pay on a Bajaj Chetak loan?

Rs. 18,590 over 36 months on the C3001 loan at 11.99%.

What on-road price is the Bajaj Chetak EMI based on?

Rs. 1,23,635 in Nashik: ex-showroom Rs. 1,19,270, insurance Rs. 4,365, RTO and other charges Rs. 0.

What is the difference between EMI in advance and EMI in arrears?

EMI in advance: You pay one EMI instalment in advance to the bank. This amount is deducted from the loan amount disbursed to the dealer. Thus it gets added to the down payment that you are to make. EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees.

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