Ola S1 Z EMI Calculator

Updated on November 2026

The Ola S1 Z EMI is Rs. 2,136 per month for 36 months at 9.45% on a loan of Rs. 66,744, with a down payment of Rs. 18,928. This is based on the 3.1 Kwh variant's on-road price of Rs. 85,672 in Vijapur (ex-showroom Rs. 79,999). Use the bike loan calculator below to change the down payment, interest rate and tenure.

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

Ola S1 Z EMI and Down Payment

Ola Electric S1 Z 3.1 Kwh – EMI calculator

Ex-showroom

: Rs. 79,999

On-road price

: Rs. 85,672 (Vijapur)

Loan amount

: Rs. 66,744 (On-road price - Down payment)

Down payment

: Rs. 18,928 (Amount paid upfront)

Monthly EMI

: Rs. 2,136 (For Tenure of 36 months @ 9.45%; banks start from 10.05%)

Insurance

: Rs. 4,674

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Ola S1 Z Bike Loan EMI Calculator

Variant: 3.1 Kwh
On-road price (Vijapur): Rs. 85,672
Down payment: Rs. 18,928
Loan amount: Rs. 66,744
Interest rate: 9.45%
Tenure: 36 months
Monthly EMI: Rs. 2,136

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 Z Bike Loan EMI & Loan Breakdown

Monthly EMI

Rs. 2,136

36 months @ 9.45%

Down paymentRs. 18,928
Loan amountRs. 66,744
Total interestRs. 10,152
Total loan repayment (EMIs)Rs. 76,896
Total purchase outlayRs. 95,824

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the 3.1 Kwh 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. 20,184	Rs. 5,448	Rs. 46,560
Year 2 Months 13-24	Rs. 22,176	Rs. 3,456	Rs. 24,384
Year 3 Months 25-36	Rs. 24,384	Rs. 1,248	Rs. 0

Ola S1 Z Loan Interest Rates by Bank

Ola S1 Z loan rates, 36 months, loan Rs. 66,744
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 2,297 (36 months)
ICICI Bank	10.05% onwards	Rs. 2,155 (36 months)
Axis Bank	11% onwards	Rs. 2,185 (36 months)
Bank of Baroda	13.65% onwards	Rs. 2,270 (36 months)

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Ola S1 Z EMI by Tenure

For a Rs. 66,744 loan on the 3.1 Kwh at 9.45%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 5,851	Rs. 3,468	Rs. 70,212
24 months	Rs. 3,063	Rs. 6,768	Rs. 73,512
36 months	Rs. 2,136	Rs. 10,152	Rs. 76,896
48 months	Rs. 1,675	Rs. 13,656	Rs. 80,400
60 months	Rs. 1,400	Rs. 17,256	Rs. 84,000

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Ola S1 Z

4.1 2 user reviews

Starts at ₹ 79,999

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Ola S1 Z Variant-Wise EMI

On-road prices in Vijapur. 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 Z Variants	Fuel/Transmission	Ex-showroom	On-road Price	Loan @9.45%	Down Payment	EMI (36 months)
3.1 Kwh	Electric	Rs. 79,999	Rs. 85,672	Rs. 66,744	Rs. 18,928	Rs. 2,136
5.1Kwh	Electric	Rs. 99,999	Rs. 1,06,222	Rs. 84,168	Rs. 22,054	Rs. 2,694

How Is the Ola S1 Z 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 3.1 Kwh variant: P = Rs. 66,744, r = (9.45 ÷ 12) ÷ 100 = 0.007875 and n = 36 months, which gives an EMI of Rs. 2,136.

The calculation starts from the Vijapur on-road price of Rs. 85,672 (ex-showroom Rs. 79,999 plus insurance, RTO and other charges).

Factors That Affect Your Ola S1 Z 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. 32 to the EMI on a Rs. 66,744 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. 5,851; over 60 months it drops to Rs. 1,400 but you pay Rs. 13,788 more in interest.
Variant and city: In Vijapur the EMI ranges from Rs. 2,136 (3.1 Kwh) to Rs. 2,694 (5.1Kwh). The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

Ola S1 Z EMI vs Splendor Plus, SP125, Splendor Plus XTEC

Starting EMI of each model's base variant, worked out the same way as the Ola S1 Z: 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. 92,562	Rs. 2,126	36 months	9.45%	Compare with S1 Z
Honda SP125 STD	Rs. 1,04,501	Rs. 2,461	36 months	9.45%	Compare with S1 Z
Hero Splendor Plus XTEC Drum	Rs. 88,762	Rs. 2,072	36 months	9.45%	Compare with S1 Z
Honda Activa STD	Rs. 90,878	Rs. 2,101	36 months	9.45%	Compare with S1 Z

Frequently Asked Questions About Ola S1 Z EMI

What is the monthly EMI for the Ola S1 Z?

Rs. 2,136 a month for the 3.1 Kwh, on a Rs. 66,744 loan at 9.45% for 3 years. The top 5.1Kwh works out to Rs. 2,694.

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

About Rs. 18,928 for the 3.1 Kwh in Vijapur. That's the on-road price of Rs. 85,672 minus the Rs. 66,744 loan.

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

Over 1 year the EMI is Rs. 5,851 and you pay Rs. 3,468 in interest. Stretch it to 5 years and the EMI drops to Rs. 1,400, but interest rises to Rs. 17,256.