Ola S1 X EMI Calculator

Updated on November 2026

The Ola S1 X EMI is Rs. 2,276 per month for 36 months at 9.45% on a loan of Rs. 71,100, with a down payment of Rs. 18,661. This is based on the 2kWh variant's on-road price of Rs. 89,761 in Balangir (ex-showroom Rs. 84,999). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: S1 X On-road price | S1 X Mileage

Ola S1 X EMI and Down Payment

Ex-showroom

: Rs. 84,999

On-road price

: Rs. 89,761 (Balangir)

Loan amount

: Rs. 71,100 (On-road price - Down payment)

Down payment

: Rs. 18,661 (Amount paid upfront)

Monthly EMI

: Rs. 2,276 (For Tenure of 36 months @ 9.45%; banks start from 10.05%)

Insurance

: Rs. 4,762

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Ola S1 X Bike Loan EMI Calculator

Variant: 2kWh
On-road price (Balangir): Rs. 89,761
Down payment: Rs. 18,661
Loan amount: Rs. 71,100
Interest rate: 9.45%
Tenure: 36 months
Monthly EMI: Rs. 2,276

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

Ola S1 X Bike Loan EMI & Loan Breakdown

Monthly EMI

Rs. 2,276

36 months @ 9.45%

Down paymentRs. 18,661
Loan amountRs. 71,100
Total interestRs. 10,836
Total loan repayment (EMIs)Rs. 81,936
Total purchase outlayRs. 1,00,597

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the 2kWh 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. 21,509	Rs. 5,803	Rs. 49,591
Year 2 Months 13-24	Rs. 23,632	Rs. 3,680	Rs. 25,959
Year 3 Months 25-36	Rs. 25,959	Rs. 1,353	Rs. 0

Ola S1 X Loan Interest Rates by Bank

Ola S1 X loan rates, 36 months, loan Rs. 71,100
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 2,447 (36 months)
ICICI Bank	10.05% onwards	Rs. 2,296 (36 months)
Axis Bank	11% onwards	Rs. 2,328 (36 months)
Bank of Baroda	13.65% onwards	Rs. 2,418 (36 months)

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Ola S1 X EMI by Tenure

For a Rs. 71,100 loan on the 2kWh at 9.45%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 6,233	Rs. 3,696	Rs. 74,796
24 months	Rs. 3,263	Rs. 7,212	Rs. 78,312
36 months	Rs. 2,276	Rs. 10,836	Rs. 81,936
48 months	Rs. 1,785	Rs. 14,580	Rs. 85,680
60 months	Rs. 1,491	Rs. 18,360	Rs. 89,460

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Ola S1 X

3.4 6 user reviews

Starts at ₹ 84,999

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Ola S1 X Variant-Wise EMI

On-road prices in Balangir. Every variant uses the same rule: the loan runs 36 months at 9.45%, and the down payment is the on-road price minus the loan.

S1 X Variants	Fuel/Transmission	Ex-showroom	On-road Price	Loan @9.45%	Down Payment	EMI (36 months)
2kWh	Electric	Rs. 84,999	Rs. 89,761	Rs. 71,100	Rs. 18,661	Rs. 2,276
3kWh	Electric	Rs. 99,999	Rs. 1,05,023	Rs. 84,168	Rs. 20,855	Rs. 2,694
4kWh	Electric	Rs. 1,14,999	Rs. 1,20,286	Rs. 97,236	Rs. 23,050	Rs. 3,112

How Is the Ola S1 X 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 2kWh variant: P = Rs. 71,100, r = (9.45 ÷ 12) ÷ 100 = 0.007875 and n = 36 months, which gives an EMI of Rs. 2,276.

The calculation starts from the Balangir on-road price of Rs. 89,761 (ex-showroom Rs. 84,999 plus insurance, RTO and other charges).

Factors That Affect Your Ola S1 X Loan EMI

Down payment: Every Rs. 10,000 of extra down payment lowers the EMI by about Rs. 320 at 9.45% for 36 months.
Interest rate: A rate 1% higher adds about Rs. 33 to the EMI on a Rs. 71,100 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. 6,233; over 60 months it drops to Rs. 1,491 but you pay Rs. 14,664 more in interest.
Variant and city: In Balangir the EMI ranges from Rs. 2,276 (2kWh) to Rs. 3,112 (4kWh). The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

Ola S1 X EMI vs Splendor Plus, SP125, Activa

Starting EMI of each model's base variant, worked out the same way as the Ola S1 X: the down payment is the on-road price minus the loan.

Model	On-road Price	EMI	Tenure	Interest Rate	Compare
Hero Splendor Plus Standard	Rs. 92,276	Rs. 2,124	36 months	9.45%	Compare with S1 X
Honda SP125 STD	Rs. 1,04,564	Rs. 2,467	36 months	9.45%	Compare with S1 X
Honda Activa STD	Rs. 92,336	Rs. 2,144	36 months	9.45%	Compare with S1 X
Hero Splendor Plus XTEC Drum	Rs. 93,612	Rs. 2,207	36 months	9.45%	Compare with S1 X

Frequently Asked Questions About Ola S1 X EMI

What is the monthly EMI for the Ola S1 X?

Rs. 2,276 a month for the 2kWh, on a Rs. 71,100 loan at 9.45% for 3 years. The top 4kWh works out to Rs. 3,112.

How much down payment is required for the Ola S1 X?

About Rs. 18,661 for the 2kWh in Balangir. That's the on-road price of Rs. 89,761 minus the Rs. 71,100 loan.

How does the loan tenure affect the Ola S1 X EMI?

Over 1 year the EMI is Rs. 6,233 and you pay Rs. 3,696 in interest. Stretch it to 5 years and the EMI drops to Rs. 1,491, but interest rises to Rs. 18,360.