OLA Scooter EMI Plans Explained in Details

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OLA Scooter EMI Plans Explained in Details

OLA has recently started the booking window for all. Customers willing to buy the latest scooters Ola S1 and S1 Pro, can now book the model on Olaelectric.com.

Ola has opened this window for everyone; users who have pre-ordered the scooter by paying 499 Rs. can now pay the advance amount. The technical team of Ola Scooters has already shared the booking details with the customers via mail and SMS.

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Along with booking details, Ola has also mentioned delivery dates, state-wise rates, and EMI scheme/plan details on their page. At the launch event, Ola had announced that they would provide an EMI facility with the scooter. Customers across the country can now order Ola S1 and S1 Pro directly by paying the total amount or with EMI.

Talking about EMI Plans, Ola has partnered with various finance partners of the country. The EMI partners include HDFC Bank, TATA Capital, and IDFC First Bank. More finance partners will be added later.

HDFC Bank users will be provided with a pre-approved loans facility. The pre-approved loan facility can be availed instantly from the Ola and Ola Electric apps.

If you are not an HDFC Bank customer, you can opt for TATA Capital and IDFC First Bank for EMI. Digital KYC has been made mandatory, In order to get approval from these two finance companies.

Eligible customers will get instant loan approval on the Ola App. Talking about documents Ola requires, Pan Card, Aadhaar Card, and Proof of address.

The lowest EMI that can be availed on Ola S1 starts at Rs. 2999. As the Ola S1 Pro is a bit costlier, its lowest EMI will start from Rs. 3199.

If you are someone who does not require any financing can book the OLA S1 and S1 Pro by paying an advance amount. For the base model Ola S1 you will have to pay Rs. 20,000, and for S1 Pro, the advance amount is set at Rs. 25,000.

After the completion of Advance Payment, Ola will deliver an invoice on your email id. As far as the delivery dates are concerned, Ola is planning to ship your scooter from the first week of October. Shipping details will be shared with the customers on their Ola app and email.

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