Bajaj Qute EMI Calculator

Updated on October 2026

Bajaj Qute EMI starts at ₹6,741 per month for the CNG (₹3.61 Lakh ex-showroom, ₹3.98 Lakh on-road Delhi), on a ₹3.14 Lakh loan at 10.5% for 60 months. Down payment: ₹84,746. Total interest: ₹90,838.

Also see: Qute On-road price | Qute Variants | Qute Mileage

Bajaj Qute EMI and Down Payment

Ex-showroom

: Rs. 3,60,609

On-road price

: Rs. 3,98,368 (Delhi)

Loan amount

: Rs. 3,13,622 (On-road price - Down payment)

Down payment

: Rs. 84,746 (Amount paid upfront)

Monthly EMI

: Rs. 6,741 (For Tenure of 60 months @ 10.5%; banks start from 8.7%)

Insurance

: Rs. 20,535

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Bajaj Qute Car Loan EMI Calculator

Variant: CNG
On-road price (Delhi): Rs. 3,98,368
Down payment: Rs. 84,746
Loan amount: Rs. 3,13,622
Interest rate: 10.5%
Tenure: 60 months
Monthly EMI: Rs. 6,741

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.
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EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees. ..Read More ..Read Less

Bajaj Qute Car Loan EMI & Loan Breakdown

Monthly EMI

Rs. 6,741

60 months @ 10.5%

Down paymentRs. 84,746
Loan amountRs. 3,13,622
Total interestRs. 90,838
Total loan repayment (EMIs)Rs. 4,04,460
Total purchase outlayRs. 4,89,206

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the CNG costs you over the loan; it does not include insurance renewal, fuel, maintenance or lender charges other than the processing fee.

Year	Principal paid	Interest paid	Outstanding loan
Year 1 Months 1-12	Rs. 50,339	Rs. 30,553	Rs. 2,63,283
Year 2 Months 13-24	Rs. 55,886	Rs. 25,006	Rs. 2,07,397
Year 3 Months 25-36	Rs. 62,044	Rs. 18,848	Rs. 1,45,353
Year 4 Months 37-48	Rs. 68,883	Rs. 12,009	Rs. 76,470
Year 5 Months 49-60	Rs. 76,470	Rs. 4,422	Rs. 0

Bajaj Qute Car Loan Interest Rates – Bank Comparison

Lending Partners	Interest Rate	EMI Starting From (60 Months)
HDFC Bank	8.85% onwards	Rs. 6,487 (60 months)
ICICI Bank	9% onwards	Rs. 6,510 (60 months)
Axis Bank	9.15% onwards	Rs. 6,533 (60 months)
Bank of Baroda	8.7% onwards	Rs. 6,465 (60 months)

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Bajaj Qute EMI by Loan Tenure

For a Rs. 3,13,622 loan on the CNG at 10.5%.

Tenure	EMI	Total Interest	Total Payable
36 months	Rs. 10,193	Rs. 53,326	Rs. 3,66,948
48 months	Rs. 8,030	Rs. 71,818	Rs. 3,85,440
60 months	Rs. 6,741	Rs. 90,838	Rs. 4,04,460
84 months	Rs. 5,288	Rs. 1,30,570	Rs. 4,44,192

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Bajaj Qute

3.7 22 user reviews

Starts at ₹ 3.61 Lakh

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How Is the Bajaj Qute EMI Calculated?

EMI = [P × r × (1 + r)ⁿ] ÷ [(1 + r)ⁿ − 1], where P is the loan amount, r is the monthly interest rate {(annual rate ÷ 12) ÷ 100} and n is the tenure in months. For the CNG variant: P = ₹3.14 Lakh, r = (10.5 ÷ 12) ÷ 100 = 0.00875 and n = 60 months, which gives an EMI of ₹6,741.

The calculation starts from the Delhi on-road price of ₹3.98 Lakh (ex-showroom ₹3.61 Lakh plus insurance, RTO and other charges).

Factors That Affect Your Bajaj Qute Loan EMI

Down payment: Every ₹1 lakh of extra down payment lowers the EMI by about ₹2,149 at 10.5% for 60 months.
Interest rate: A rate 1% higher adds about ₹156 to the EMI on a ₹3.14 Lakh loan. Starting rates from the banks on this page range from 8.7% to 9.15%.
Loan tenure: Over 36 months the EMI is ₹10,193; over 84 months it drops to ₹5,288 but you pay ₹77,244 more in interest.
Variant and city: The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

EMI of Bajaj Qute Rivals – Alto K10, KWID, S-Presso

Starting EMI of each model's base variant, worked out the same way as the Bajaj Qute: the down payment is the on-road price minus the loan.

Model	On-road Price	EMI	Tenure	Interest Rate	Compare
Maruti Suzuki Alto K10 STD (O)	Rs. 4,27,957	Rs. 6,917	60 months	10.5%	Compare with Qute
Renault KWID Evolution	Rs. 5,07,487	Rs. 8,477	60 months	10.5%	Compare with Qute
Maruti Suzuki S-Presso STD (O)	Rs. 4,01,756	Rs. 6,538	60 months	10.5%	Compare with Qute
Vayve Mobility Eva Nova	Rs. 4,21,934	Rs. 7,468	60 months	10.5%	Compare with Qute

Frequently Asked Questions About Bajaj Qute EMI

What is the monthly EMI for the Bajaj Qute?

₹6,741 a month for the CNG, on a ₹3.14 Lakh loan at 10.5% for 5 years.

How much down payment is required for the Bajaj Qute?

About ₹84,746 for the CNG in Delhi. That's the on-road price of ₹3.98 Lakh minus the ₹3.14 Lakh loan.

How does the loan tenure affect the Bajaj Qute EMI?

Over 3 years the EMI is ₹10,193 and you pay ₹53,326 in interest. Stretch it to 7 years and the EMI drops to ₹5,288, but interest rises to ₹1.31 Lakh.

Is the Bajaj Qute EMI calculated on the ex-showroom price or the on-road price?

On the on-road price. In Delhi the CNG costs ₹3.98 Lakh on-road, which includes ₹20,535 insurance and ₹17,224 RTO and other charges.

Does the Bajaj Qute EMI calculator include the processing fee?

Yes. The ₹3,950 processing fee is paid with the down payment and is not added to the loan.

Which bank has the lowest interest rate for a Bajaj Qute loan?

Bank of Baroda, from 8.7%. At that rate the EMI on the same ₹3.14 Lakh loan comes to ₹6,465 a month.

Ask or read owner questions on Bajaj Qute Q&A

Bajaj Qute

3.7 22 user reviews

Starts at Rs. 3.61 Lakh

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Bajaj Qute 2026 Brochure

Download brochure for detailed information of specifications, features & variants prices

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