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Honda SP 125 EMI Calculator

Honda SP 125 EMI Calculator

Honda SP 125 EMI starts at Rs 3,052 per month for a tenure of 36 months @9.7 for a loan amount of Rs 95,386. 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 SP125. (Calculated on On Road Price in Delhi)

 

Honda SP 125 Down Payment and EMI

SP125 VariantsLoan @ 9.7%. Down paymentEMI (36 months)
Disc1,03,487Rs. 11,499Rs. 3,341
Drum95,386Rs. 10,598Rs. 3,052
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Rs. 92,110 - 1 Lakh*
EMI starts from ₹ 3,052
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Calculate your Loan EMI for SP125

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.1,05,984
  • Total Loan AmountRs.94984
  • Payable AmountRs.109872
  • You’ll pay extraRs.14888
EMIper month
Rs3,052
Calculated on On Road Price in Delhi
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SP125 EMI FAQs

Q) What will be the lowest down payment for Honda SP 125?
A) 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.
Q) What will be the monthly EMI for Honda SP 125?
A) 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. ₹94,984/- on an annual rate of interest of 10% for a tenure of 3 years then  EMI = 94984 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 3,052/- 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.
Q) What will be the interest rate for Honda SP 125?
A) 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.
Q) What will be the EMI for 3 years tenure for Honda SP 125?
A) 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

4.4/5
Based on33 User Reviews
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Popular Mentions
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  • Mileage (21)
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  • Comfort (16)
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  • A
    amarnath on Feb 16, 2025
    5.0
    Best bike I like it
    Best bike with mileage.arround 70-80km/litre .must try it .my brother baught it before 2 years ago he is very happy.now I am also planning to buy it.the lastest model look is also very gregarious.speefometer , speed,look self starter, everything is good,with mileage.it is also best for middle class family.
    Read More
  • R
    rohit on Feb 10, 2025
    4.5
    Absolute the best bike overall
    Best Bike ever using from last 5 years , plannning to upgrade the newer OBD2.0 , The experience best of all time . Got this in 2021 after replacing my shine and it doesnot disappoint me on my decision of buying this model. My reviews for mileage - 5 out of 5 It is one of the best bike to be used as a commmuter bike. HATS OFF TO HONDA.
    Read More
  • A
    arpan on Feb 09, 2025
    4.7
    That's my favourite bike and
    That's my favourite bike and his reaction in different ways because this is a family and all work aasani se hi jare hai kyuki mujhe isme saman lane me aasani hoti hai kahi Jana bhi ho to araam se chhoti family ke liye sabse axi aur sporty bike hai mujhe isme riding karna bahut jyada pasand hai aur aap log bhi try kariye
    Read More
  • S
    sayan on Feb 09, 2025
    4.7
    its a mindblowing bike whatever
    its a mindblowing bike whatever i saw. And its millage performance is very beautiful . and the main thing is its a very comftful vahicle. i like this bike very much. Its price is very low to buy .I advice to buy this bike to everyone . The new fwatureas of this bike is unbelieveable , And its new model look is very precious.
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  • K
    krishna on Feb 05, 2025
    5.0
    One of the best experience
    One of the best experience with this bike. I used this bike over 2 years but I can't face any problem or issues. I know everyone knows that this bike is millage king. My bike colour is black and everyone love It. My opinion is buy this bike without any hesitation. This bike made for everyone it's looks and millage is really amazing.
    Read More
  • View All Honda SP 125 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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