Hornback M1 EMI Calculator

Updated on October 2026

The Hornback M1 EMI is Rs. 435 per month for 36 months at 9.45% on a loan of Rs. 13,602, with a down payment of Rs. 7,427. This is based on the STD variant's on-road price of Rs. 21,029 in Cachar (ex-showroom Rs. 18,999). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: M1 On-road price

Hornback M1 EMI and Down Payment (Cachar)

Ex-showroom

: Rs. 18,999

On-road price

: Rs. 21,029 (Cachar)

Loan amount

: Rs. 13,602 (On-road - Down payment)

Down payment

: Rs. 7,427 (On-road - Loan amount)

Monthly EMI

: Rs. 435 (For Tenure of 36 months @ 9.45%; banks start from 10.05%)

Insurance

: Rs. 541

View October Offers View EMI Offers

Hornback M1 Bike Loan EMI Calculator

On-road price (Cachar): Rs. 21,029
Down payment: Rs. 7,427
Loan amount: Rs. 13,602
Interest rate: 9.45%
Tenure: 36 months
Monthly EMI: Rs. 435
Total interest: Rs. 2,058
Total payable: Rs. 15,660

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

Hornback M1 Loan Interest Rates by Bank

Hornback M1 loan rates, 36 months, loan Rs. 13,602
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 468 (36 months)
ICICI Bank	10.05% onwards	Rs. 439 (36 months)
Axis Bank	11% onwards	Rs. 445 (36 months)
Bank of Baroda	13.65% onwards	Rs. 463 (36 months)

Apply Now

Hornback M1 EMI by Tenure

For a Rs. 13,602 loan on the STD electric at 9.45%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 1,192	Rs. 702	Rs. 14,304
24 months	Rs. 624	Rs. 1,374	Rs. 14,976
36 months	Rs. 435	Rs. 2,058	Rs. 15,660
48 months	Rs. 341	Rs. 2,766	Rs. 16,368
60 months	Rs. 285	Rs. 3,498	Rs. 17,100

Images | Colours

Hornback M1

Starts at ₹ 18,999

View October Offers

Hornback M1 EMI vs Dope

EMotorad Dope
Rs. 19,999
Dope EMI Compare with M1

Hornback M1 EMI FAQs

What is the EMI for the Hornback M1?

Rs. 435 per month for the STD variant (loan Rs. 13,602, 9.45%, 36 months). Over 60 months it is Rs. 285.

What is the down payment for the Hornback M1?

Rs. 7,427 for STD in ZigWheels' default calculation.

Which bank has the lowest rate for a Hornback M1 loan?

Of the listed partners, ICICI Bank starts at 10.05% (EMI Rs. 439 for 36 months). Axis Bank 11%, Bank of Baroda 13.65%, HDFC Bank 14.5%.

How much total interest will I pay on a Hornback M1 loan?

Rs. 2,058 over 36 months on the STD loan at 9.45%.

What on-road price is the Hornback M1 EMI based on?

Rs. 21,029 in Cachar: ex-showroom Rs. 18,999, insurance Rs. 541, RTO and other charges Rs. 1,489.

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 Hornback M1 Q&A

Hornback Bikes in India

Hornback X1 Rs. 39,999

Hornback Bikes in India

Popular Electric Bikes

Oben Rorr Evo Rs. 1.25 Lakh
Revolt RV400 Rs. 1.40 Lakh
Ultraviolette F77 Rs. 3.09 Lakh
Flying Flea C6 (Royal Enfield) Rs. 1.99 Lakh
Vida Dirt.E K3 Rs. 69,990

View All Popular Electric Bikes