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Honda bikes Finance
Honda Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Honda SP 125 | Rs. 2,948 |
| Honda Activa 6G | Rs. 2,602 |
| Honda Shine | Rs. 2,762 |
| Honda Unicorn | Rs. 3,849 |
| Honda Activa 125 | Rs. 2,727 |
Honda bikes Finance Schemes
FAQs for Honda Finance
How is Honda bike loan EMI calculated monthly?
Honda bike loan EMIs include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula: {P x R x (1+R)^N / [(1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
Which documents I need to have to apply for a Honda two wheeler loan?
To get your Honda bike loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs (Form 16/Salary Slips/ITR). You can get the exact requirement from your loan consultant after applying with us.
What will be the minimum down payment for a Honda Bike/Scooter loan?
The lenders generally finance 90% of the ex-showroom price of the Honda two wheeler. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the Honda bike. Down payment is the difference between the on-road price of the Honda bike and the amount funded by the lender.
What will be the rate of interest on a Honda bike finance?
The interest rate primarily depends on the principal amount and tenure of the loan amount of the Honda two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
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Popular Honda Two Wheelers
- Bikes
- Scooters
Honda SP 125Rs 87,468 - 91,468*- Honda ShineRs 81,251 - 85,251*
- Honda UnicornRs 1.12 Lakh*
- Honda SP160Rs 1.19 - 1.23 Lakh*
- Honda Hornet 2.0Rs 1.40 Lakh*
- Honda Activa 6GRs 76,684 - 82,684*
- Honda Activa 125Rs 80,256 - 89,429*
- Honda DioRs 71,212 - 78,162*
- Honda Dio 125Rs 84,851 - 91,750*