Calculate your Loan EMI for Shine
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Shine EMI FAQs
The lenders generally finance 90% of the value of the . Some customers might be eligible for 100% funding too. The down payment is the difference between the on-road price of the and the amount funded by a lender. This means the minimum possible down payment that you have to pay for Honda Shine includes the RTO and insurance charges.
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for Honda Shine 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.
For Example:- If the principal amount for a bike loan is Rs. ₹85,261/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 85261 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,739/-
The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 10% per annum, then R= 10%/12 = 0.008333.
The interest rate for Honda Shine primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum. Customers can also negotiate with the financier for a better rate of interest against their loan amount.
EMI for Honda Shine for 3 years tenure can be calculated as per 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, N = Number of monthly installments which will be 36 in case of 3 years tenure.
Honda Shine User Reviews
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- Experience (42)
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- Shine is comfortable bike and economic alsoShine is good looking bike with great features I am using this bike since my 1st year and still it's in great condition but it's using little extra fuel.Was this review helpful?YesNo
- I am very happy to buy shineI am very happy to buy this shine 125 cc i has better performance then other bike maintenence is very decent and breaking is very fast and smoothWas this review helpful?YesNo
- Bike under budgetThis bike has everything under budget. it gives better mileage, good comfort and better looking. Honda shine can be best bike under budgetWas this review helpful?YesNo
- Very good bike for enjoyNice 👍👍👍 great experience with this bike. Suspeiis very good.and the break are good.and the milage is great.and so comfortable riding.Was this review helpful?YesNo
- Overall nice bike this bike is a very looking andNice👍 this bike is a perfectly 125 cc and this bike has very stylish and comfortable with performance and comfort nice rideWas this review helpful?YesNo
- View All Honda Shine Reviews
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Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not includes any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.