Hero Lectro V24 EMI Calculator

Updated on October 2026

The Hero Lectro V24 EMI is Rs. 1,160 per month for 36 months at 9.45% on a loan of Rs. 36,253, with a down payment of Rs. 12,028. This is based on the STD variant's on-road price of Rs. 48,281 in Bobbili (ex-showroom Rs. 44,999). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: V24 On-road price | V24 Mileage

Hero Lectro V24 EMI and Down Payment (Bobbili)

Ex-showroom

: Rs. 44,999

On-road price

: Rs. 48,281 (Bobbili)

Loan amount

: Rs. 36,253 (On-road - Down payment)

Down payment

: Rs. 12,028 (On-road - Loan amount)

Monthly EMI

: Rs. 1,160 (For Tenure of 36 months @ 9.45%; banks start from 10.05%)

Insurance

: Rs. 3,182

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Hero Lectro V24 Bike Loan EMI Calculator

On-road price (Bobbili): Rs. 48,281
Down payment: Rs. 12,028
Loan amount: Rs. 36,253
Interest rate: 9.45%
Tenure: 36 months
Monthly EMI: Rs. 1,160
Total interest: Rs. 5,507
Total payable: Rs. 41,760

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

Hero Lectro V24 Loan Interest Rates by Bank

Hero Lectro V24 loan rates, 36 months, loan Rs. 36,253
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 1,248 (36 months)
ICICI Bank	10.05% onwards	Rs. 1,171 (36 months)
Axis Bank	11% onwards	Rs. 1,187 (36 months)
Bank of Baroda	13.65% onwards	Rs. 1,233 (36 months)

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Hero Lectro V24 EMI by Tenure

For a Rs. 36,253 loan on the STD electric at 9.45%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 3,178	Rs. 1,883	Rs. 38,136
24 months	Rs. 1,664	Rs. 3,683	Rs. 39,936
36 months	Rs. 1,160	Rs. 5,507	Rs. 41,760
48 months	Rs. 910	Rs. 7,427	Rs. 43,680
60 months	Rs. 760	Rs. 9,347	Rs. 45,600

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Hero Lectro V24

Starts at ₹ 44,999

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Hero Lectro V24 EMI vs Rubie, Neu, Drixx

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Yakuza Electric Neu
Rs. 39,760
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Rs. 46,388
Drixx EMI Compare with V24
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Zoop EMI Compare with V24

Hero Lectro V24 EMI FAQs

What is the EMI for the Hero Lectro V24?

Rs. 1,160 per month for the STD variant (loan Rs. 36,253, 9.45%, 36 months). Over 60 months it is Rs. 760.

What is the down payment for the Hero Lectro V24?

Rs. 12,028 for STD in ZigWheels' default calculation.

Which bank has the lowest rate for a Hero Lectro V24 loan?

Of the listed partners, ICICI Bank starts at 10.05% (EMI Rs. 1,171 for 36 months). Axis Bank 11%, Bank of Baroda 13.65%, HDFC Bank 14.5%.

How much total interest will I pay on a Hero Lectro V24 loan?

Rs. 5,507 over 36 months on the STD loan at 9.45%.

What on-road price is the Hero Lectro V24 EMI based on?

Rs. 48,281 in Bobbili: ex-showroom Rs. 44,999, insurance Rs. 3,182, RTO and other charges Rs. 100.

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.

Ask or read owner questions on Hero Lectro V24 Q&A

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