Indian Challenger Limited EMI Calculator


Updated on September 2026
The Indian Challenger Limited EMI is Rs. 1,16,346 per month for 36 months at 9% on a loan of Rs. 36,58,704, with a down payment of Rs. 9,61,813. This is based on the 112 variant's on-road price of Rs. 46,20,517 in Delhi (ex-showroom Rs. 42,05,000). Use the bike loan calculator below to change the down payment, interest rate and tenure.
Also see: Challenger Limited On-road price

Indian Challenger Limited EMI and Down Payment (Delhi)

Ex-showroom
: Rs. 42,05,000
On-road price
: Rs. 46,20,517  (Delhi)
Loan amount
: Rs. 36,58,704  (On-road - Down payment)
Down payment
: Rs. 9,61,813  (On-road - Loan amount)
Monthly EMI
: Rs. 1,16,346  (For Tenure of 36 months @ 9%; banks start from 10.05%)
Insurance
: Rs. 79,117  (Check Challenger Limited Insurance)
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Indian Challenger Limited Bike Loan EMI Calculator

On-road price (Delhi)
Rs. 46,20,517
Down payment
Rs. 9,61,813
Loan amount
Rs. 36,58,704
Interest rate
9%
Tenure
36 months
Monthly EMI
Rs. 1,16,346
Total interest
Rs. 5,29,752
Total payable
Rs. 41,88,456
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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Indian Challenger Limited Loan Interest Rates by Bank

Indian Challenger Limited loan rates, 36 months, loan Rs. 36,58,704
Lending Partners Interest Rate EMI Starting From (36 Months)
Loans From HDFC BankHDFC Bank 14.5% onwards Rs. 1,25,936 (36 months)
Loans From ICICI BankICICI Bank 10.05% onwards Rs. 1,18,142 (36 months)
Loans From Axis BankAxis Bank 11% onwards Rs. 1,19,781 (36 months)
Loans From Bank of Baroda BankBank of Baroda 13.65% onwards Rs. 1,24,425 (36 months)
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Indian Challenger Limited EMI by Tenure

For a Rs. 36,58,704 loan on the 112 petrol at 9%.

Tenure EMI Total Interest Total Payable
12 months Rs. 3,19,959 Rs. 1,80,804 Rs. 38,39,508
24 months Rs. 1,67,147 Rs. 3,52,824 Rs. 40,11,528
36 months Rs. 1,16,346 Rs. 5,29,752 Rs. 41,88,456
48 months Rs. 91,047 Rs. 7,11,552 Rs. 43,70,256
60 months Rs. 75,949 Rs. 8,98,236 Rs. 45,56,940
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Indian Challenger Limited EMI FAQs

What is the EMI for the Indian Challenger Limited?

Rs. 1,16,346 per month for the 112 variant (loan Rs. 36,58,704, 9%, 36 months). Over 60 months it is Rs. 75,949.

What is the down payment for the Indian Challenger Limited?

Rs. 9,61,813 for 112 in ZigWheels' default calculation.

Which bank has the lowest rate for a Indian Challenger Limited loan?

Of the listed partners, ICICI Bank starts at 10.05% (EMI Rs. 1,18,142 for 36 months). Axis Bank 11%, Bank of Baroda 13.65%, HDFC Bank 14.5%.

How much total interest will I pay on a Indian Challenger Limited loan?

Rs. 5,29,752 over 36 months on the 112 loan at 9%.

What on-road price is the Indian Challenger Limited EMI based on?

Rs. 46,20,517 in Delhi: ex-showroom Rs. 42,05,000, insurance Rs. 79,117, RTO and other charges Rs. 3,36,400.

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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