Bajaj Pulsar 150 EMI & On-Road Price 2026 — Variants, State Tax, Monthly EMI

Key Takeaways

• Bajaj Pulsar 150 Twin Disc on-road price in Delhi is ₹1,27,995 (ex-showroom ₹1,10,891 + 8% road tax + OD insurance + 5-year third-party insurance + registration).
• A 3-year loan at 10.5% with 20% down payment gives a monthly EMI of ₹3,328 on a loan of ₹1,02,396.
• A 5-year tenure reduces EMI to ₹2,201/month but costs ₹29,664 in total interest — ₹12,252 more than a 3-year loan.
• No TCS on two-wheelers — Section 206C(1F) applies only to motor vehicles priced above ₹10 lakh.

Few names in the Indian two-wheeler space carry the weight of the Bajaj Pulsar 150. Launched in 2001, the Pulsar 150 essentially created the sport-commuter category in India and continues to be one of the top-selling motorcycles in the 150 cc segment in 2026. Its combination of sporty styling, twin disc braking option, and aggressive performance at a competitive price makes it the default choice for young salaried professionals and college students stepping up from a commuter bike. If you are planning to finance a Pulsar 150, this guide shows the complete on-road cost for every variant, compares state-wise road tax across 10 major states, and breaks down EMI scenarios across different down payments and tenures. Ex-showroom prices were verified in June 2026 (ex-showroom Delhi) and state road-tax rates against current 2026 RTO slabs — small state cesses may apply on top.

Bajaj Pulsar 150 Variant Prices (2026)

The Pulsar 150 is offered in three variants. On-road Delhi figures use 8% road tax (₹60,001–₹2,00,000 slab), IRDAI-mandated 5-year third-party (TP) insurance plus 1-year own-damage (OD) insurance at ~1.5% of ex-showroom, and ₹3,000 flat registration and smart card charge.

*Approximate at 20% down payment. Use the car loan EMI calculator for the exact figure at your down payment.

The Twin Disc is the most popular variant — the front disc brake meaningfully improves braking performance over the Single Disc, especially at highway speeds above 80 km/h. The Neon Twin Disc adds distinctive neon accent graphics and special colour options for ₹3,500 more than the standard Twin Disc. For buyers who prioritise safety over styling, the Twin Disc is the clear choice. For buyers who want to stand out in traffic, the Neon edition is worth the marginal premium.

What Goes Into the On-Road Price

For the Twin Disc at ₹1,10,891 ex-showroom (Delhi reference):

Under IRDAI regulations effective September 2018, all new two-wheelers must carry 5-year third-party insurance paid upfront at purchase, plus a separate 1-year own-damage (comprehensive) policy renewable annually.

TCS does not apply on two-wheelers. The Section 206C(1F) provision that requires dealers to collect 1% TCS at source on motor vehicles applies only when the invoice value exceeds ₹10 lakh. The Pulsar 150 falls well below this threshold. Any dealer adding TCS to a Pulsar 150 invoice would be doing so incorrectly — always verify your dealer's proforma carefully.

The TP insurance of ₹3,570 is IRDAI-mandated for all new 149 cc (>75cc–150cc) two-wheelers and covers the mandatory 5-year period. The OD policy covers Year 1 only; renewal from Year 2 onward is annual and will vary by insurer and accumulated no-claim bonus.

How State Road Tax Varies by State

Road tax is a one-time levy collected at registration. Here are verified 2026 rates for the Twin Disc (ex-showroom ₹1,10,891) across 10 states:

Since the Pulsar 150 is priced above ₹1 lakh ex-showroom, several states apply their higher-bracket rate. Gujarat remains the cheapest state at 4%, saving ₹4,435 vs Delhi. Karnataka is the most expensive at over 14% effective rate due to the 11% cess on the base tax amount. Tamil Nadu and Kerala also apply their above-₹1L slab to the Pulsar 150.

Bajaj Pulsar 150 EMI by Loan Tenure

Base scenario: Twin Disc, 20% down payment (₹25,599), loan amount ₹1,02,396, at 10.5% p.a. Personalise with the car loan EMI calculator.

Choosing a 2-year tenure over 5 years saves ₹18,084 in total interest on this loan. The ₹2,548/month premium (₹4,749 vs ₹2,201) is substantial — but consider that you own the bike outright in 24 months instead of 60, and you pay ₹18,084 less in cumulative interest. For a buyer earning ₹30,000/month, the ₹4,749 EMI is 15.8% of take-home — within the recommended 15–20% range. For a ₹22,000/month earner, the 3-year option at ₹3,328 is more prudent at 15.1% of take-home.

Want to see how extra payments reduce your tenure? The prepayment calculator models the exact interest savings from any lump-sum payment on your Pulsar 150 loan.

Down Payment Impact

For the Twin Disc (on-road ₹1,27,995), 3-year tenure at 10.5%:

Increasing from 10% to 30% down payment saves ₹4,353 in total interest and cuts the EMI by ₹832/month. For a bike that many buyers finance, the down payment decision is critical. Saving ₹12,799 more before purchase (to go from 10% to 20% down) yields an interest saving of ₹2,176 — equivalent to a strong return on the extra savings compared to a savings account rate.

Running & Ownership Costs

The Pulsar 150 delivers approximately 50–55 kmpl in mixed riding. It is not as frugal as the Splendor Plus (70 kmpl), but the performance-to-economy trade-off is exactly what the target buyer is seeking. Total monthly running cost (excluding EMI): approximately ₹1,800–₹2,500 for a typical rider covering 60 km daily. Bajaj's wide service network and easily available affordable aftermarket spares keep long-term maintenance costs manageable.

Is the Bajaj Pulsar 150 EMI Affordable for You?

The standard FOIR framework suggests keeping all loan EMIs within 40–55% of net monthly income, with the bike EMI ideally not exceeding 15–20% of take-home. Check your maximum eligible loan amount using the loan eligibility calculator.

The Pulsar 150 at 3-year tenure costs ₹3,328/month (20% down). This fits the 15% threshold for take-home income above ₹22,187. Your CIBIL score also determines the interest rate — 750+ typically gets you the best two-wheeler loan rates (9–10.5%). A score below 700 could push the rate to 13–15%, adding ₹5,000–₹8,000 in total interest over 3 years on a ₹1 lakh loan.

How to Get the Best Two-Wheeler Loan Deal

1. Compare rates across at least three lenders. Check live rates at /rates — Bajaj Finance, HDFC Bank, and SBI frequently compete on Pulsar loans.
2. Get the dealer's scheme letter. Bajaj often runs zero-processing-fee or subsidised-rate schemes through Bajaj Finance, especially during festive season. Verify the effective rate vs the headline rate.
3. Avoid adding accessories to the loan. Dealers often bundle helmet, seat cover, or accessories into the loan amount, inflating both the loan and total interest. Pay for accessories separately.
4. Buy OD insurance independently. The 5-year TP is fixed at purchase, but your annual OD renewal can be purchased at better rates from insurer aggregators rather than the dealer.
5. Prepay when you can. RBI rules prohibit prepayment penalty on floating-rate loans. The prepayment calculator shows exactly how much interest you save.
6. Maintain a 750+ CIBIL score. See how CIBIL score affects loan interest rates for practical improvement steps.

Frequently Asked Questions

What is the on-road price of Bajaj Pulsar 150 in Delhi in 2026?

The on-road price ranges from ₹1,23,615 (Single Disc) to ₹1,31,828 (Neon Twin Disc) in Delhi. The Twin Disc — the most popular variant — is ₹1,27,995, including 8% road tax, IRDAI-mandated 5-year third-party insurance, 1-year own-damage insurance, and registration.

How much EMI for Bajaj Pulsar 150 at 10.5% interest?

For the Twin Disc with 20% down payment (loan ₹1,02,396): ₹4,749/month for 2 years, ₹3,328/month for 3 years, or ₹2,201/month for 5 years. Customise with your down payment amount using the car loan EMI calculator.

What is the minimum down payment for a Pulsar 150 loan?

Most lenders require a minimum 10% down payment — approximately ₹12,800 for the Twin Disc (on-road ₹1,27,995). A 30% down payment reduces your total interest by ₹4,353 over 3 years vs a 10% down payment, and cuts the EMI by ₹832/month.

Which bank offers the lowest interest rate for Pulsar 150 loans?

In 2026, two-wheeler loan rates typically range from 9% to 15% p.a. Bajaj Finance (Bajaj's own NBFC), HDFC Bank, and SBI are frequent competitors for Pulsar loans. Rates vary by CIBIL score, income, and the specific scheme in force. Always compare at least three offers using the rates page.

Is TCS applicable on Bajaj Pulsar 150?

No. TCS under Section 206C(1F) applies only to motor vehicles with an invoice value exceeding ₹10 lakh. The Pulsar 150 is priced below ₹1.32 lakh, so TCS is not applicable. Your dealer invoice should not include any TCS line item.

Can I prepay my Pulsar 150 loan?

Yes. RBI regulations prohibit prepayment penalties on floating-rate loans. Most two-wheeler loans are on floating rates, so you can make part-payments or fully foreclose the loan at any time without incurring a penalty. Fixed-rate loan agreements may carry a foreclosure fee of 2–4%. Use the prepayment calculator to model the interest saved by prepaying different amounts.

What documents are needed for a Bajaj Pulsar 150 loan?

Required documents: (1) PAN card; (2) Aadhaar card (identity + address proof); (3) Last 3 salary slips (salaried) or 2 years' ITR (self-employed); (4) 6 months' bank statements; (5) Passport photos; (6) Dealer proforma invoice. Bajaj Finance additionally processes applications in some cities with only Aadhaar and PAN for existing Bajaj EMI card holders.

Explore all popular two-wheeler models with live calculators at the two-wheeler EMI hub. If you are comparing the Pulsar 150 against the sport-touring category, the Yamaha FZ-S V3 EMI & on-road price guide covers the FZ series in the same format.