Honda Shine EMI Calculator

Honda Shine
59 reviews
Rs.74,442 - 78,842*
*Ex-showroom Price in delhi
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Honda Shine EMI starts at Rs 2,765 per month for a tenure of 36 months @9.7 for a loan amount of Rs 77,492. The EMI Calculator tool on BikeDekho gives a detailed break-up of the total payable amount and helps you in finding the best bike finance for your Shine. (Calculated on On Road Price in Delhi)

 

Honda Shine Down Payment and EMI

Shine VariantsLoan @ 9.7%. Down paymentEMI (36 months)
Disc81,814Rs. 9,091Rs. 2,937
Drum77,492Rs. 8,610Rs. 2,765
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Calculate your Loan EMI for Shine

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.0
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You’ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price in delhi
At BikeDekho, We can help you get the best deal on your loans. Please call us on 1800 200 3000 for help.

Find EMI of Shine Alternatives

*Ex-showroom Price in delhi

Shine EMI FAQs

  • FAQ

What will be the lowest down payment for Honda Shine?

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.

What will be the monthly EMI for Honda Shine?

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. ₹77,102/- on an annual rate of interest of 10% for a tenure of 3 years then 

EMI = 77102 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,765/-

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.

What will be the interest rate for Honda Shine?

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.

What will be the EMI for 3 years tenure for Honda Shine?

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

3.8/5
Based on59 User Reviews
  • All (59)
  • Mileage (31)
  • Comfort (27)
  • Performance (19)
  • Looks (14)
  • Engine (10)
  • Maintenance (10)
  • Service (8)
  • More ...
  • LATEST
  • MOST HELPFUL
  • Maintenance cost high

    After five years of usage, the back pain is less, and maintenance cost for the past five years. I made some accidents,.....Read More

    By sanjeevi c.k.
    On: Nov 20, 2021 | 3769 Views
  • Nice bike for middle class

    Nice bike for middle-class people. Nice mileage. Nice starting speed. Very comfortable in the city and in traffics......Read More

    By maloth
    On: Oct 29, 2021 | 3591 Views
  • Awesome Performance!

    It's been 1 year since I bought Honda Shine, with very good performance and good mileage. It does not vibrate at high.....Read More

    By ravi
    On: Aug 16, 2021 | 7117 Views
  • Honda Shine is Best for me

    It is completely a very nice bike and so comfortable. I am using this bike from last 1 year and never regretted the.....Read More

    By paras
    On: Jan 26, 2021 | 14443 Views
  • Amazing Honda Shine

    I purchased a Honda Shine Bike because it looks like a Stylish bike and its price is not much high. This bike is very.....Read More

    By lalit
    On: Jan 25, 2021 | 13886 Views
  • View All Honda Shine Reviews

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Disclaimer :

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.

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