Honda SP 125 EMI Calculator

Honda SP 125 EMI starts at Rs 2,883 per month for a tenure of 36 months @9.7 for a loan amount of Rs 80,455. 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 SP 125. (Calculated on On Road Price in Delhi)
Honda SP 125 Down Payment and EMI
Calculate your Loan EMI for SP 125
- On-Road PriceRs.0
- Total Loan AmountRs.0
- Payable AmountRs.0
- You’ll pay extraRs.0
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Questions And Answers
- FAQ
What will be the lowest down payment for Honda SP 125?
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 SP 125 includes the RTO and insurance charges.
What will be the monthly EMI for Honda SP 125?
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 SP 125 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. ₹80,395/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 80395 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 2,883/-
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 SP 125?
The interest rate for Honda SP 125 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 SP 125?
EMI for Honda SP 125 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 SP 125 User Reviews
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- Mileage (36)
- Looks (33)
- Performance (24)
- Comfort (18)
- Engine (12)
- Price (9)
- LED (6)
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Excellent Bike For Daily.....
I have been using this bike for the past 6 months, everything is fine. But pick-up is not good as expected.
Brilliant performance
Extraordinary bike, getting more mileage crossing up to 80 kmpl per liter. Depending on accelerating how we operate.....Read More
Good Bike
Fair enough in this price range. Specially it's the digital meter is so attractive. The only thing I am not being.....Read More
Amazing Performance
It's very good in terms of performance, pickup, low maintenance service cost, and combo braking system are very nice.
This bike is awesome.
This bike is awesome. In this 125 segment most worthy product. Looks, mileage, comfort, led makes it a perfect.....Read More
- View All Honda SP 125 Reviews
Honda SP 125 News
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SP 125 Running Cost
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.