Strom Motors R3 EMI Calculator

Updated on October 2026

Strom Motors R3 EMI starts at ₹8,422 per month for the 2-Door electric (₹4.50 Lakh ex-showroom, ₹4.82 Lakh on-road Delhi), on a ₹3.92 Lakh loan at 10.5% for 60 months. Down payment: ₹89,724. Total interest: ₹1.13 Lakh.

Also see: R3 On-road price | R3 Variants | R3 Mileage

Strom Motors R3 EMI and Down Payment

Ex-showroom

: Rs. 4,50,000

On-road price

: Rs. 4,81,569 (Delhi)

Loan amount

: Rs. 3,91,845 (On-road price - Down payment)

Down payment

: Rs. 89,724 (Amount paid upfront)

Monthly EMI

: Rs. 8,422 (For Tenure of 60 months @ 10.5%; banks start from 8.7%)

Insurance

: Rs. 26,969

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Strom Motors R3 Car Loan EMI Calculator

Variant: 2-Door
On-road price (Delhi): Rs. 4,81,569
Down payment: Rs. 89,724
Loan amount: Rs. 3,91,845
Interest rate: 10.5%
Tenure: 60 months
Monthly EMI: Rs. 8,422

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

Strom Motors R3 Car Loan EMI & Loan Breakdown

Monthly EMI

Rs. 8,422

60 months @ 10.5%

Down paymentRs. 89,724
Loan amountRs. 3,91,845
Total interestRs. 1,13,475
Total loan repayment (EMIs)Rs. 5,05,320
Total purchase outlayRs. 5,95,044

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the 2-Door 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. 62,890	Rs. 38,174	Rs. 3,28,955
Year 2 Months 13-24	Rs. 69,820	Rs. 31,244	Rs. 2,59,135
Year 3 Months 25-36	Rs. 77,515	Rs. 23,549	Rs. 1,81,620
Year 4 Months 37-48	Rs. 86,057	Rs. 15,007	Rs. 95,563
Year 5 Months 49-60	Rs. 95,563	Rs. 5,501	Rs. 0

Strom Motors R3 Car Loan Interest Rates – Bank Comparison

Lending Partners	Interest Rate	EMI Starting From (60 Months)
HDFC Bank	8.85% onwards	Rs. 8,106 (60 months)
ICICI Bank	9% onwards	Rs. 8,134 (60 months)
Axis Bank	9.15% onwards	Rs. 8,163 (60 months)
Bank of Baroda	8.7% onwards	Rs. 8,077 (60 months)

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Strom Motors R3 EMI by Loan Tenure

For a Rs. 3,91,845 loan on the 2-Door electric at 10.5%.

Tenure	EMI	Total Interest	Total Payable
36 months	Rs. 12,736	Rs. 66,651	Rs. 4,58,496
48 months	Rs. 10,033	Rs. 89,739	Rs. 4,81,584
60 months	Rs. 8,422	Rs. 1,13,475	Rs. 5,05,320
84 months	Rs. 6,607	Rs. 1,63,143	Rs. 5,54,988

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Strom Motors R3

4.5 9 user reviews

Starts at ₹ 4.50 Lakh

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How Is the Strom Motors R3 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 2-Door electric variant: P = ₹3.92 Lakh, r = (10.5 ÷ 12) ÷ 100 = 0.00875 and n = 60 months, which gives an EMI of ₹8,422.

The calculation starts from the Delhi on-road price of ₹4.82 Lakh (ex-showroom ₹4.50 Lakh plus insurance, RTO and other charges).

Factors That Affect Your Strom Motors R3 Loan EMI

Down payment: Every ₹1 lakh of extra down payment lowers the EMI by about ₹2,149 at 10.5% for 60 months.
Interest rate: A rate 1% higher adds about ₹196 to the EMI on a ₹3.92 Lakh loan. Starting rates from the banks on this page range from 8.7% to 9.15%.
Loan tenure: Over 36 months the EMI is ₹12,736; over 84 months it drops to ₹6,607 but you pay ₹96,492 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.

EMI of Strom Motors R3 Rivals – Aeris, Punch, Swift

Starting EMI of each model's base variant, worked out the same way as the Strom Motors R3: the down payment is the on-road price minus the loan.

Model	On-road Price	EMI	Tenure	Interest Rate	Compare
Tata Aeris Smart Petrol MT	Rs. 5,88,250	Rs. 9,932	60 months	10.5%	Compare with R3
Tata Punch Smart	Rs. 6,61,406	Rs. 10,784	60 months	10.5%	Compare with R3
Maruti Suzuki Swift LXi	Rs. 6,67,400	Rs. 10,953	60 months	10.5%	Compare with R3
Tata Tiago Smart	Rs. 5,31,180	Rs. 8,933	60 months	10.5%	Compare with R3

Frequently Asked Questions About Strom Motors R3 EMI

What is the monthly EMI for the Strom Motors R3?

₹8,422 a month for the 2-Door electric, on a ₹3.92 Lakh loan at 10.5% for 5 years.

How much down payment is required for the Strom Motors R3?

About ₹89,724 for the 2-Door electric in Delhi. That's the on-road price of ₹4.82 Lakh minus the ₹3.92 Lakh loan.

How does the loan tenure affect the Strom Motors R3 EMI?

Over 3 years the EMI is ₹12,736 and you pay ₹66,651 in interest. Stretch it to 7 years and the EMI drops to ₹6,607, but interest rises to ₹1.63 Lakh.

Is the Strom Motors R3 EMI calculated on the ex-showroom price or the on-road price?

On the on-road price. In Delhi the 2-Door electric costs ₹4.82 Lakh on-road, which includes ₹26,969 insurance and ₹4,600 RTO and other charges.

Does the Strom Motors R3 EMI calculator include the processing fee?

Yes. The ₹4,450 processing fee is paid with the down payment and is not added to the loan.

Which bank has the lowest interest rate for a Strom Motors R3 loan?

Bank of Baroda, from 8.7%. At that rate the EMI on the same ₹3.92 Lakh loan comes to ₹8,077 a month.

Ask or read owner questions on Strom Motors R3 Q&A

Strom Motors R3

4.5 9 user reviews

Starts at Rs. 4.50 Lakh

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Strom Motors R3 2026 Brochure

Download brochure for detailed information of specifications, features & variants prices

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