Simple Wave EMI Calculator

Updated on October 2026

The Simple Wave EMI is Rs. 2,973 per month for 36 months at 9.45% on a loan of Rs. 92,880, with a down payment of Rs. 25,351. This is based on the S EBN - 2.2 kWh variant's on-road price of Rs. 1,18,231 in Bareilly (ex-showroom Rs. 1,09,999). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: Wave On-road price | Wave Mileage

Simple Wave EMI and Down Payment (Bareilly)

Simple Energy Wave S EBN - 2.2 kWh – EMI calculator

Ex-showroom

: Rs. 1,09,999

On-road price

: Rs. 1,18,231 (Bareilly)

Loan amount

: Rs. 92,880 (On-road - Down payment)

Down payment

: Rs. 25,351 (On-road - Loan amount)

Monthly EMI

: Rs. 2,973 (For Tenure of 36 months @ 9.45%; banks start from 10.05%)

Insurance

: Rs. 6,532

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Simple Wave Bike Loan EMI Calculator

On-road price (Bareilly): Rs. 1,18,231
Down payment: Rs. 25,351
Loan amount: Rs. 92,880
Interest rate: 9.45%
Tenure: 36 months
Monthly EMI: Rs. 2,973
Total interest: Rs. 14,148
Total payable: Rs. 1,07,028

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

Simple Wave Loan Interest Rates by Bank

Simple Wave loan rates, 36 months, loan Rs. 92,880
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 3,197 (36 months)
ICICI Bank	10.05% onwards	Rs. 2,999 (36 months)
Axis Bank	11% onwards	Rs. 3,041 (36 months)
Bank of Baroda	13.65% onwards	Rs. 3,159 (36 months)

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Simple Wave EMI by Tenure

For a Rs. 92,880 loan on the S EBN - 2.2 kWh electric at 9.45%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 8,142	Rs. 4,824	Rs. 97,704
24 months	Rs. 4,262	Rs. 9,408	Rs. 1,02,288
36 months	Rs. 2,973	Rs. 14,148	Rs. 1,07,028
48 months	Rs. 2,331	Rs. 19,008	Rs. 1,11,888
60 months	Rs. 1,948	Rs. 24,000	Rs. 1,16,880

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Simple Wave

Starts at ₹ 1,09,999

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Simple Wave Variant-wise EMI & Down Payment

Wave Variants	Fuel/Transmission	Ex-showroom	Loan @9.45%	Down Payment	EMI (36 months)
S EBN - 2.2 kWh	Electric	Rs. 1,09,999	Rs. 92,880	Rs. 25,351	Rs. 2,973
S EBN - 2.7 kWh	Electric	Rs. 1,39,999	Rs. 1,19,016	Rs. 32,367	Rs. 3,810
S TFT	Electric	Rs. 1,49,999	Rs. 1,27,728	Rs. 33,808	Rs. 4,089
EBN	Electric	Rs. 1,59,999	Rs. 1,36,440	Rs. 34,949	Rs. 4,367
TFT	Electric	Rs. 1,74,999	Rs. 1,49,508	Rs. 37,411	Rs. 4,786
Plus	Electric	Rs. 1,89,999	Rs. 1,62,575	Rs. 39,574	Rs. 5,204

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Simple Wave EMI FAQs

What is the EMI for the Simple Wave?

Rs. 2,973 per month for the S EBN - 2.2 kWh variant (loan Rs. 92,880, 9.45%, 36 months). Over 60 months it is Rs. 1,948.

What is the down payment for the Simple Wave?

Rs. 25,351 for S EBN - 2.2 kWh, Rs. 32,367 for S EBN - 2.7 kWh, Rs. 33,808 for S TFT and Rs. 39,574 for Plus in ZigWheels' default calculation.

What is the EMI for the Simple Wave Plus variant?

Rs. 5,204 per month on a loan of Rs. 1,62,575 at 9.45% for 36 months.

Which bank has the lowest rate for a Simple Wave loan?

Of the listed partners, ICICI Bank starts at 10.05% (EMI Rs. 2,999 for 36 months). Axis Bank 11%, Bank of Baroda 13.65%, HDFC Bank 14.5%.

How much total interest will I pay on a Simple Wave loan?

Rs. 14,148 over 36 months on the S EBN - 2.2 kWh loan at 9.45%.

What on-road price is the Simple Wave EMI based on?

Rs. 1,18,231 in Bareilly: ex-showroom Rs. 1,09,999, insurance Rs. 6,532, RTO and other charges Rs. 1,700.

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 Simple Wave Q&A

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