EMotorad Heritage EMI Calculator

Updated on November 2026

The EMotorad Heritage EMI is Rs. 491 per month for 36 months at 9.45% on a loan of Rs. 15,344, with a down payment of Rs. 8,655. This is based on the 5.2Ah variant's on-road price of Rs. 23,999 in Greater Noida (ex-showroom Rs. 20,999). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: Heritage On-road price | Heritage Mileage

EMotorad Heritage EMI and Down Payment

EMotorad Heritage 5.2Ah – EMI calculator

Ex-showroom

: Rs. 20,999

On-road price

: Rs. 23,999 (Greater Noida)

Loan amount

: Rs. 15,344 (On-road price - Down payment)

Down payment

: Rs. 8,655 (Amount paid upfront)

Monthly EMI

: Rs. 491 (For Tenure of 36 months @ 9.45%; banks start from 10.05%)

Insurance

: Rs. 2,800

View November Offers View EMI Offers

EMotorad Heritage Bike Loan EMI Calculator

Variant: 5.2Ah
On-road price (Greater Noida): Rs. 23,999
Down payment: Rs. 8,655
Loan amount: Rs. 15,344
Interest rate: 9.45%
Tenure: 36 months
Monthly EMI: Rs. 491

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.
..Read More
..Read Less
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

EMotorad Heritage Bike Loan EMI & Loan Breakdown

Monthly EMI

Rs. 491

36 months @ 9.45%

Down paymentRs. 8,655
Loan amountRs. 15,344
Total interestRs. 2,332
Total loan repayment (EMIs)Rs. 17,676
Total purchase outlayRs. 26,331

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the 5.2Ah 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. 4,640	Rs. 1,252	Rs. 10,704
Year 2 Months 13-24	Rs. 5,097	Rs. 795	Rs. 5,607
Year 3 Months 25-36	Rs. 5,607	Rs. 285	Rs. 0

EMotorad Heritage Loan Interest Rates by Bank

EMotorad Heritage loan rates, 36 months, loan Rs. 15,344
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 528 (36 months)
ICICI Bank	10.05% onwards	Rs. 495 (36 months)
Axis Bank	11% onwards	Rs. 502 (36 months)
Bank of Baroda	13.65% onwards	Rs. 522 (36 months)

Apply Now

EMotorad Heritage EMI by Tenure

For a Rs. 15,344 loan on the 5.2Ah at 9.45%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 1,345	Rs. 796	Rs. 16,140
24 months	Rs. 704	Rs. 1,552	Rs. 16,896
36 months	Rs. 491	Rs. 2,332	Rs. 17,676
48 months	Rs. 385	Rs. 3,136	Rs. 18,480
60 months	Rs. 322	Rs. 3,976	Rs. 19,320

Images | Colours

EMotorad Heritage

Starts at ₹ 20,999

View November Offers

EMotorad Heritage Variant-Wise EMI

On-road prices in Greater Noida. Every variant uses the same rule: the loan runs 36 months at 9.45%, and the down payment is the on-road price minus the loan.

Heritage Variants	Fuel/Transmission	Ex-showroom	On-road Price	Loan @9.45%	Down Payment	EMI (36 months)
5.2Ah	Electric	Rs. 20,999	Rs. 23,999	Rs. 15,344	Rs. 8,655	Rs. 491
7.65Ah	Electric	Rs. 23,999	Rs. 27,047	Rs. 17,958	Rs. 9,089	Rs. 575

How Is the EMotorad Heritage 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 5.2Ah variant: P = Rs. 15,344, r = (9.45 ÷ 12) ÷ 100 = 0.007875 and n = 36 months, which gives an EMI of Rs. 491.

The calculation starts from the Greater Noida on-road price of Rs. 23,999 (ex-showroom Rs. 20,999 plus insurance, RTO and other charges).

Factors That Affect Your EMotorad Heritage Loan EMI

Down payment: Every Rs. 10,000 of extra down payment lowers the EMI by about Rs. 320 at 9.45% for 36 months.
Interest rate: A rate 1% higher adds about Rs. 7 to the EMI on a Rs. 15,344 loan. Starting rates from the banks on this page range from 10.05% to 14.5%.
Loan tenure: Over 12 months the EMI is Rs. 1,345; over 60 months it drops to Rs. 322 but you pay Rs. 3,180 more in interest.
Variant and city: In Greater Noida the EMI ranges from Rs. 491 (5.2Ah) to Rs. 575 (7.65Ah). The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

EMotorad Heritage EMI vs Udaan, Dope, Ladybird

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

Model	On-road Price	EMI	Tenure	Interest Rate	Compare
Green EV Udaan 30kms	Rs. 27,555	Rs. 589	36 months	9.45%	Compare with Heritage
EMotorad Dope STD	Rs. 25,015	Rs. 519	36 months	9.45%	Compare with Heritage
Elecson Ladybird 5.2 Ah	Rs. 27,555	Rs. 589	36 months	9.45%	Compare with Heritage
Elecson Folding 5.5 Ah	Rs. 28,063	Rs. 603	36 months	9.45%	Compare with Heritage

Frequently Asked Questions About EMotorad Heritage EMI

What is the monthly EMI for the EMotorad Heritage?

Rs. 491 a month for the 5.2Ah, on a Rs. 15,344 loan at 9.45% for 3 years. The top 7.65Ah works out to Rs. 575.

How much down payment is required for the EMotorad Heritage?

About Rs. 8,655 for the 5.2Ah in Greater Noida. That's the on-road price of Rs. 23,999 minus the Rs. 15,344 loan.

How does the loan tenure affect the EMotorad Heritage EMI?

Over 1 year the EMI is Rs. 1,345 and you pay Rs. 796 in interest. Stretch it to 5 years and the EMI drops to Rs. 322, but interest rises to Rs. 3,976.

Is the EMotorad Heritage EMI calculated on the ex-showroom price or the on-road price?

On the on-road price. In Greater Noida the 5.2Ah costs Rs. 23,999 on-road, which includes Rs. 2,800 insurance and Rs. 200 RTO and other charges.

Does the EMotorad Heritage EMI calculator include the processing fee?

Yes. The Rs. 2,950 processing fee is paid with the down payment and is not added to the loan.

Which bank has the lowest interest rate for a EMotorad Heritage loan?

ICICI Bank, from 10.05%. At that rate the EMI on the same Rs. 15,344 loan comes to Rs. 495 a month.

Ask or read owner questions on EMotorad Heritage Q&A

EMotorad Bikes in India

EMotorad Viper Rs. 66,999
EMotorad Ranger Rs. 58,999
EMotorad Dope Rs. 21,999
EMotorad T-Rex Air Rs. 36,999
EMotorad ST-X Rs. 32,999

EMotorad Bikes in India

Popular Electric Bikes

Flying Flea C6 (Royal Enfield) Rs. 1.99 Lakh
Oben Rorr Evo Rs. 1.40 Lakh
Ultraviolette F77 Rs. 3.09 Lakh
Revolt RV400 Rs. 1.40 Lakh
Ultraviolette X47 Venom Rs. 2.65 Lakh

View All Popular Electric Bikes