TVS iQube EMI Calculator

Updated on November 2026

The TVS iQube EMI is Rs. 3,206 per month for 36 months at 9.45% on a loan of Rs. 1,00,144, with a down payment of Rs. 25,934. This is based on the 2.3 kWh variant's on-road price of Rs. 1,26,078 in Mumbai (ex-showroom Rs. 1,18,337). Use the bike loan calculator below to change the down payment, interest rate and tenure.

Also see: iQube On-road price | iQube Mileage

TVS iQube EMI and Down Payment

Ex-showroom

: Rs. 1,18,337

On-road price

: Rs. 1,26,078 (Mumbai)

Loan amount

: Rs. 1,00,144 (On-road price - Down payment)

Down payment

: Rs. 25,934 (Amount paid upfront)

Monthly EMI

: Rs. 3,206 (For Tenure of 36 months @ 9.45%; banks start from 10.05%)

Insurance

: Rs. 6,563

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TVS iQube Bike Loan EMI Calculator

Variant: 2.3 kWh
On-road price (Mumbai): Rs. 1,26,078
Down payment: Rs. 25,934
Loan amount: Rs. 1,00,144
Interest rate: 9.45%
Tenure: 36 months
Monthly EMI: Rs. 3,206

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

TVS iQube Bike Loan EMI & Loan Breakdown

Monthly EMI

Rs. 3,206

36 months @ 9.45%

Down paymentRs. 25,934
Loan amountRs. 1,00,144
Total interestRs. 15,272
Total loan repayment (EMIs)Rs. 1,15,416
Total purchase outlayRs. 1,41,350

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the 2.3 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. 30,298	Rs. 8,174	Rs. 69,846
Year 2 Months 13-24	Rs. 33,289	Rs. 5,183	Rs. 36,557
Year 3 Months 25-36	Rs. 36,557	Rs. 1,915	Rs. 0

TVS iQube Loan Interest Rates by Bank

TVS iQube loan rates, 36 months, loan Rs. 1,00,144
Lending Partners	Interest Rate	EMI Starting From (36 Months)
HDFC Bank	14.5% onwards	Rs. 3,447 (36 months)
ICICI Bank	10.05% onwards	Rs. 3,234 (36 months)
Axis Bank	11% onwards	Rs. 3,279 (36 months)
Bank of Baroda	13.65% onwards	Rs. 3,406 (36 months)

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TVS iQube EMI by Tenure

For a Rs. 1,00,144 loan on the 2.3 kWh at 9.45%.

Tenure	EMI	Total Interest	Total Payable
12 months	Rs. 8,779	Rs. 5,204	Rs. 1,05,348
24 months	Rs. 4,596	Rs. 10,160	Rs. 1,10,304
36 months	Rs. 3,206	Rs. 15,272	Rs. 1,15,416
48 months	Rs. 2,514	Rs. 20,528	Rs. 1,20,672
60 months	Rs. 2,101	Rs. 25,916	Rs. 1,26,060

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TVS iQube

4.1 369 user reviews

Starts at ₹ 1,18,337

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TVS iQube Variant-Wise EMI

On-road prices in Mumbai. 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.

iQube Variants	Fuel/Transmission	Ex-showroom	On-road Price	Loan @9.45%	Down Payment	EMI (36 months)
2.3 kWh	Electric	Rs. 1,18,337	Rs. 1,26,078	Rs. 1,00,144	Rs. 25,934	Rs. 3,206
3.1 kWh	Electric	Rs. 1,31,134	Rs. 1,39,120	Rs. 1,11,293	Rs. 27,827	Rs. 3,562
3.5 kWh	Electric	Rs. 1,44,159	Rs. 1,52,394	Rs. 1,22,640	Rs. 29,754	Rs. 3,926
MillionR Special Edition	Electric	Rs. 1,47,710	Rs. 1,56,013	Rs. 1,25,734	Rs. 30,279	Rs. 4,025

How Is the TVS iQube 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 2.3 kWh variant: P = Rs. 1,00,144, r = (9.45 ÷ 12) ÷ 100 = 0.007875 and n = 36 months, which gives an EMI of Rs. 3,206.

The calculation starts from the Mumbai on-road price of Rs. 1,26,078 (ex-showroom Rs. 1,18,337 plus insurance, RTO and other charges).

Factors That Affect Your TVS iQube 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. 47 to the EMI on a Rs. 1,00,144 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. 8,779; over 60 months it drops to Rs. 2,101 but you pay Rs. 20,712 more in interest.
Variant and city: In Mumbai the EMI ranges from Rs. 3,206 (2.3 kWh) to Rs. 4,025 (MillionR Special Edition). The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

TVS iQube EMI vs iPraise+, Konarc, XR7

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

Model	On-road Price	EMI	Tenure	Interest Rate	Compare
Okinawa iPraise+ STD	Rs. 1,27,815	Rs. 3,334	36 months	9.45%	Compare with iQube
Ather Konarc S (IDC 100 Km)	Rs. 1,09,315	Rs. 2,759	36 months	9.45%	Compare with iQube
Komaki XR7 STD	Rs. 1,01,185	Rs. 2,583	36 months	9.45%	Compare with iQube
Ather 450X IDC 126 KM - Mono	Rs. 1,60,354	Rs. 4,151	36 months	9.45%	Compare with iQube

Frequently Asked Questions About TVS iQube EMI

What is the monthly EMI for the TVS iQube?

Rs. 3,206 a month for the 2.3 kWh, on a Rs. 1,00,144 loan at 9.45% for 3 years. The top MillionR Special Edition works out to Rs. 4,025.

How much down payment is required for the TVS iQube?

About Rs. 25,934 for the 2.3 kWh in Mumbai. That's the on-road price of Rs. 1,26,078 minus the Rs. 1,00,144 loan.

How does the loan tenure affect the TVS iQube EMI?

Over 1 year the EMI is Rs. 8,779 and you pay Rs. 5,204 in interest. Stretch it to 5 years and the EMI drops to Rs. 2,101, but interest rises to Rs. 25,916.