Indian Challenger Limited EMI Calculator


Updated on November 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. 9,62,013. This is based on the 112 variant's on-road price of Rs. 46,20,717 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

Ex-showroom
: Rs. 42,05,000
On-road price
: Rs. 46,20,717  (Delhi)
Loan amount
: Rs. 36,58,704  (On-road price - Down payment)
Down payment
: Rs. 9,62,013  (Amount paid upfront)
Monthly EMI
: Rs. 1,16,346  (For Tenure of 36 months @ 9%; banks start from 10.05%)
Insurance
: Rs. 79,117
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Indian Challenger Limited Bike Loan EMI Calculator

Variant
112
On-road price (Delhi)
Rs. 46,20,717
Down payment
Rs. 9,62,013
Loan amount
Rs. 36,58,704
Interest rate
9%
Tenure
36 months
Monthly EMI
Rs. 1,16,346
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

Indian Challenger Limited Bike Loan EMI & Loan Breakdown

Monthly EMI
Rs. 1,16,346
36 months @ 9%
  • Down paymentRs. 9,62,013
  • Loan amountRs. 36,58,704
  • Total interestRs. 5,29,752
  • Total loan repayment (EMIs)Rs. 41,88,456
  • Total purchase outlayRs. 51,50,469

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the 112 costs you over the loan; it does not include insurance renewal, fuel, maintenance or lender charges other than the processing fee.

YearPrincipal paidInterest paidOutstanding loan
Year 1 Months 1-12Rs. 11,11,996Rs. 2,84,156Rs. 25,46,708
Year 2 Months 13-24Rs. 12,16,309Rs. 1,79,843Rs. 13,30,399
Year 3 Months 25-36Rs. 13,30,399Rs. 65,753Rs. 0
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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 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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How Is the Indian Challenger Limited 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 112 variant: P = Rs. 36,58,704, r = (9 ÷ 12) ÷ 100 = 0.0075 and n = 36 months, which gives an EMI of Rs. 1,16,346.

The calculation starts from the Delhi on-road price of Rs. 46,20,717 (ex-showroom Rs. 42,05,000 plus insurance, RTO and other charges).

Factors That Affect Your Indian Challenger Limited Loan EMI

  • Down payment: Every Rs. 10,000 of extra down payment lowers the EMI by about Rs. 318 at 9% for 36 months.
  • Interest rate: A rate 1% higher adds about Rs. 1,710 to the EMI on a Rs. 36,58,704 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. 3,19,959; over 60 months it drops to Rs. 75,949 but you pay Rs. 7,17,432 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.

Indian Challenger Limited EMI vs Gold Wing, K 1600 GTL, Street Glide

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

ModelOn-road PriceEMITenureInterest RateCompare
Honda Gold Wing STD Rs. 48,71,962 Rs. 1,22,580 36 months 9% Compare with Challenger Limited
BMW K 1600 GTL Pro Rs. 41,77,415 Rs. 1,05,123 36 months 9% Compare with Challenger Limited
Harley-Davidson Street Glide STD Rs. 46,69,973 Rs. 1,17,593 36 months 9% Compare with Challenger Limited
Harley-Davidson Road Glide STD Rs. 50,25,709 Rs. 1,26,598 36 months 9% Compare with Challenger Limited

Frequently Asked Questions About Indian Challenger Limited EMI

What is the monthly EMI for the Indian Challenger Limited?

Rs. 1,16,346 a month for the 112, on a Rs. 36,58,704 loan at 9% for 3 years.

How much down payment is required for the Indian Challenger Limited?

About Rs. 9,62,013 for the 112 in Delhi. That's the on-road price of Rs. 46,20,717 minus the Rs. 36,58,704 loan.

How does the loan tenure affect the Indian Challenger Limited EMI?

Over 1 year the EMI is Rs. 3,19,959 and you pay Rs. 1,80,804 in interest. Stretch it to 5 years and the EMI drops to Rs. 75,949, but interest rises to Rs. 8,98,236.

Is the Indian Challenger Limited EMI calculated on the ex-showroom price or the on-road price?

On the on-road price. In Delhi the 112 costs Rs. 46,20,717 on-road, which includes Rs. 79,117 insurance and Rs. 3,36,600 RTO and other charges.

Does the Indian Challenger Limited EMI calculator include the processing fee?

Yes. The Rs. 5,450 processing fee is paid with the down payment and is not added to the loan.

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

ICICI Bank, from 10.05%. At that rate the EMI on the same Rs. 36,58,704 loan comes to Rs. 1,18,142 a month.

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