Shema Hobby EMI Calculator

Updated on October 2026

The Shema Hobby EMI is Rs. 2,053 per month for 36 months at 9.45% on a loan of Rs. 64,132, with a down payment of Rs. 16,759. This is based on the STD variant's on-road price of Rs. 80,891 in Biaora (ex-showroom Rs. 77,000). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: Hobby On-road price | Hobby Mileage

Shema Hobby EMI and Down Payment (Biaora)

Shema E-Vehicle Hobby STD – EMI calculator

Ex-showroom

: Rs. 77,000

On-road price

: Rs. 80,891 (Biaora)

Loan amount

: Rs. 64,132 (On-road - Down payment)

Down payment

: Rs. 16,759 (On-road - Loan amount)

Monthly EMI

: Rs. 2,053 (For Tenure of 36 months @ 9.45%; banks start from 10.05%)

Insurance

: Rs. 3,691

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Shema Hobby Bike Loan EMI Calculator

On-road price (Biaora): Rs. 80,891
Down payment: Rs. 16,759
Loan amount: Rs. 64,132
Interest rate: 9.45%
Tenure: 36 months
Monthly EMI: Rs. 2,053
Total interest: Rs. 9,776
Total payable: Rs. 73,908

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

Shema Hobby Loan Interest Rates by Bank

Shema Hobby loan rates, 36 months, loan Rs. 64,132
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 2,207 (36 months)
ICICI Bank	10.05% onwards	Rs. 2,071 (36 months)
Axis Bank	11% onwards	Rs. 2,100 (36 months)
Bank of Baroda	13.65% onwards	Rs. 2,181 (36 months)

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Shema Hobby EMI by Tenure

For a Rs. 64,132 loan on the STD electric at 9.45%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 5,622	Rs. 3,332	Rs. 67,464
24 months	Rs. 2,943	Rs. 6,500	Rs. 70,632
36 months	Rs. 2,053	Rs. 9,776	Rs. 73,908
48 months	Rs. 1,610	Rs. 13,148	Rs. 77,280
60 months	Rs. 1,345	Rs. 16,568	Rs. 80,700

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Shema Hobby

Starts at ₹ 77,000

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Shema Hobby EMI vs Splendor Plus, Activa, SP125

Hero Splendor Plus
Rs. 78,299
Splendor Plus EMI Compare with Hobby
Honda Activa
Rs. 77,722
Activa EMI Compare with Hobby
Honda SP125
Rs. 90,838
SP125 EMI Compare with Hobby
Hero Splendor Plus XTEC
Rs. 82,118
Splendor Plus XTEC EMI Compare with Hobby
Suzuki Access 125
Rs. 83,102
Access 125 EMI Compare with Hobby

Shema Hobby EMI FAQs

What is the EMI for the Shema Hobby?

Rs. 2,053 per month for the STD variant (loan Rs. 64,132, 9.45%, 36 months). Over 60 months it is Rs. 1,345.

What is the down payment for the Shema Hobby?

Rs. 16,759 for STD in ZigWheels' default calculation.

Which bank has the lowest rate for a Shema Hobby loan?

Of the listed partners, ICICI Bank starts at 10.05% (EMI Rs. 2,071 for 36 months). Axis Bank 11%, Bank of Baroda 13.65%, HDFC Bank 14.5%.

How much total interest will I pay on a Shema Hobby loan?

Rs. 9,776 over 36 months on the STD loan at 9.45%.

What on-road price is the Shema Hobby EMI based on?

Rs. 80,891 in Biaora: ex-showroom Rs. 77,000, insurance Rs. 3,691, RTO and other charges Rs. 200.

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.

Ask or read owner questions on Shema Hobby Q&A

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