Indian Roadmaster EMI Calculator

Updated on November 2026

The Indian Roadmaster EMI is Rs. 1,34,191 per month for 36 months at 9% on a loan of Rs. 42,19,873, with a down payment of Rs. 16,87,159. This is based on the STD variant's on-road price of Rs. 59,07,032 in Chitradurga (ex-showroom Rs. 48,49,000). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: Roadmaster On-road price | Roadmaster Mileage

Indian Roadmaster EMI and Down Payment

Ex-showroom

: Rs. 48,49,000

On-road price

: Rs. 59,07,032 (Chitradurga)

Loan amount

: Rs. 42,19,873 (On-road price - Down payment)

Down payment

: Rs. 16,87,159 (Amount paid upfront)

Monthly EMI

: Rs. 1,34,191 (For Tenure of 36 months @ 9%; banks start from 10.05%)

Insurance

: Rs. 88,502

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Indian Roadmaster Bike Loan EMI Calculator

Variant: STD
On-road price (Chitradurga): Rs. 59,07,032
Down payment: Rs. 16,87,159
Loan amount: Rs. 42,19,873
Interest rate: 9%
Tenure: 36 months
Monthly EMI: Rs. 1,34,191

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

Indian Roadmaster Bike Loan EMI & Loan Breakdown

Monthly EMI

Rs. 1,34,191

36 months @ 9%

Down paymentRs. 16,87,159
Loan amountRs. 42,19,873
Total interestRs. 6,11,003
Total loan repayment (EMIs)Rs. 48,30,876
Total purchase outlayRs. 65,18,035

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the STD 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. 12,82,552	Rs. 3,27,740	Rs. 29,37,321
Year 2 Months 13-24	Rs. 14,02,865	Rs. 2,07,427	Rs. 15,34,456
Year 3 Months 25-36	Rs. 15,34,456	Rs. 75,836	Rs. 0

Indian Roadmaster Loan Interest Rates by Bank

Indian Roadmaster loan rates, 36 months, loan Rs. 42,19,873
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 1,45,252 (36 months)
ICICI Bank	10.05% onwards	Rs. 1,36,263 (36 months)
Axis Bank	11% onwards	Rs. 1,38,153 (36 months)
Bank of Baroda	13.65% onwards	Rs. 1,43,509 (36 months)

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Indian Roadmaster EMI by Tenure

For a Rs. 42,19,873 loan on the STD at 9%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 3,69,034	Rs. 2,08,535	Rs. 44,28,408
24 months	Rs. 1,92,784	Rs. 4,06,943	Rs. 46,26,816
36 months	Rs. 1,34,191	Rs. 6,11,003	Rs. 48,30,876
48 months	Rs. 1,05,012	Rs. 8,20,703	Rs. 50,40,576
60 months	Rs. 87,598	Rs. 10,36,007	Rs. 52,55,880

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Indian Roadmaster

Starts at ₹ 48,49,000

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How Is the Indian Roadmaster 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 STD variant: P = Rs. 42,19,873, r = (9 ÷ 12) ÷ 100 = 0.0075 and n = 36 months, which gives an EMI of Rs. 1,34,191.

The calculation starts from the Chitradurga on-road price of Rs. 59,07,032 (ex-showroom Rs. 48,49,000 plus insurance, RTO and other charges).

Factors That Affect Your Indian Roadmaster 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. 1,972 to the EMI on a Rs. 42,19,873 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. 3,69,034; over 60 months it drops to Rs. 87,598 but you pay Rs. 8,27,472 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 Roadmaster EMI vs Gold Wing, Street Glide, Road Glide

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

Model	On-road Price	EMI	Tenure	Interest Rate	Compare
Honda Gold Wing STD	Rs. 53,98,210	Rs. 1,22,580	36 months	9%	Compare with Roadmaster
Harley-Davidson Street Glide STD	Rs. 51,79,623	Rs. 1,17,593	36 months	9%	Compare with Roadmaster
Harley-Davidson Road Glide STD	Rs. 55,74,294	Rs. 1,26,598	36 months	9%	Compare with Roadmaster
Indian Springfield Anniversary Gold Pinstriping	Rs. 51,14,046	Rs. 1,16,096	36 months	9%	Compare with Roadmaster

Frequently Asked Questions About Indian Roadmaster EMI

What is the monthly EMI for the Indian Roadmaster?

Rs. 1,34,191 a month for the STD, on a Rs. 42,19,873 loan at 9% for 3 years.

How much down payment is required for the Indian Roadmaster?

About Rs. 16,87,159 for the STD in Chitradurga. That's the on-road price of Rs. 59,07,032 minus the Rs. 42,19,873 loan.

How does the loan tenure affect the Indian Roadmaster EMI?

Over 1 year the EMI is Rs. 3,69,034 and you pay Rs. 2,08,535 in interest. Stretch it to 5 years and the EMI drops to Rs. 87,598, but interest rises to Rs. 10,36,007.

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

On the on-road price. In Chitradurga the STD costs Rs. 59,07,032 on-road, which includes Rs. 88,502 insurance and Rs. 9,69,530 RTO and other charges.

Does the Indian Roadmaster 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 Roadmaster loan?

ICICI Bank, from 10.05%. At that rate the EMI on the same Rs. 42,19,873 loan comes to Rs. 1,36,263 a month.

Ask or read owner questions on Indian Roadmaster Q&A

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