Ola Electric range and what it means for your loan
Ola sells electric scooters and motorcycles online and through its own stores. Check the after-sales network in your city along with the loan terms, as service access affects ownership cost.
| Popular model | Type |
|---|---|
| S1 X | EV scooter |
| S1 Pro | EV scooter |
| S1 Z | EV scooter |
| Roadster X | EV motorcycle |
| Roadster Pro | EV motorcycle (premium) |
No.5 electric two-wheeler brand by Vahan registrations in Aug 2026 (7.7% share, down 29% YoY). Source: autocarpro.in.
EMI on an Ola Electric bike or scooter
Worked examples at an example rate of 12% a year over 3 years, with 20% paid upfront. Prices are ex-showroom; the on-road price adds registration, insurance and road tax, so your actual loan may be a little higher.
| Ex-showroom price | Down payment (20%) | Loan | Monthly EMI | Total interest |
|---|---|---|---|---|
| ₹80,000 (entry) | ₹16,000 | ₹64,000 | ₹2,126 | ₹12,526 |
| ₹1.41 lakh (mid) | ₹28,200 | ₹1.13 lakh | ₹3,747 | ₹22,077 |
| ₹2.5 lakh (top) | ₹50,000 | ₹2 lakh | ₹6,643 | ₹39,143 |
Change the price, rate and tenure in the Two Wheeler Loan EMI calculator.
Who finances Ola Electric bikes and scooters
Ola Electric finance via partner banks/NBFCs. No captive NBFC. Ola announced loan tie-ups with banks/NBFCs in Sept 2021 (e.g. HDFC Bank, IDFC FIRST, TATA Capital per press reports); current partner list not verified.
Electric-only maker
Dealer finance or your own bank? Dealer or brand finance is convenient and sometimes comes with offers, but the rate is not always the lowest. A bank where you already have an account may offer a pre-approved loan. Ask both for the Key Fact Statement and compare the APR and total repayable amount, not just the EMI.
Electric Ola Electric models
Ola Electric sells electric models including S1 Z, S1 X / S1 X+, S1 Pro / S1 Pro+ / S1 Pro Sport, Roadster X / Roadster X+, Roadster, Roadster Pro. Some lenders offer lower rates on electric models, so ask for the EV rate specifically. Compare the EMI plus charging cost against the EMI plus fuel cost of a petrol or diesel model.
Lenders for an Ola Electric bike or scooter
Any of these lenders can finance an Ola Electric, whether or not it is the brand's partner. Rates as published on each lender's website.
| Lender | Published rate | Max tenure |
|---|---|---|
| IDFC FIRST Bank | From 9% | 60 months |
| HDFC Bank | 9.99% - 25.02% | — |
| Axis Bank | 10% - 28% | 12-48 months |
| Punjab National Bank | From 10.00% | 60 EMIs |
| ICICI Bank | 10.25% - 26.10% | Up to 36 months |
| Union Bank of India | 11.10% - 11.20% | — |
| SBI | 11.70% - 15.70% | Up to 60 months |
| Tata Capital | From 12.5% p.a. | 60 months |
| Federal Bank | 12.60% - 16.00% | 60 months |
| Hero FinCorp | 14% - 36% p.a. | 60 months |
| Chola | 15% - 28% p.a. | — |
| Kotak Mahindra Bank | — | 12 - 36 months |
Tips before you finance an Ola Electric
- On small loans, flat processing fees and add-ons can matter more than the rate, so compare the total cost.
- A 24 to 36 month tenure usually keeps both the EMI and the total interest low.
- First-time borrowers can build a credit history with a two-wheeler loan, as long as every EMI is paid on time.
- Check whether the dealer's "low down payment" scheme comes with a higher rate or fees.
Ola Electric Bike Loan in your city
Pick your city to see the Ola Electric EMI with local on-road costs in mind, the documents lenders ask for there and nearby cities in the same state.
Other brands and guides
Sources
Prices and line-up checked on 4 October 2026 from: bikedekho.com, autocarpro.in. Prices change often; confirm the on-road price with your dealer.
Frequently asked questions
What is the EMI on the cheapest Ola Electric?
At about ₹80,000 ex-showroom, with 20% down and 12% over 3 years, the EMI is about ₹2,126. Your rate and on-road price will change this.
Does Ola Electric have its own finance company?
No captive lender. No captive NBFC. You can also borrow from any bank or NBFC.
How much down payment do I need for an Ola Electric?
Many lenders fund 80% to 100% of the on-road price, but a 15% to 20% down payment lowers the EMI and total interest. Check the funding limit with your lender.
Is dealer finance cheaper than a bank loan for an Ola Electric?
Not always. Dealer schemes can be convenient and sometimes discounted, but compare the APR and total repayable amount in the Key Fact Statement with a bank's offer.
Which lender is best for an Ola Electric?
There is no single best lender; it depends on your credit score, income and the model. Public sector banks often publish the lowest starting rates, while NBFCs may approve profiles banks decline.
KhatuLoans is not a lender and is not paid by the lenders or brands named here to rank them. Rates, fees and prices change; always confirm with the lender and dealer. Read our editorial policy and how we make money.