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Honda SP125 EMI Calculator

Honda SP125 EMI Calculator

Honda SP125 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 SP125 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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Shortlist
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 SP125?
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 SP125 includes the RTO and insurance charges.
Q) What will be the monthly EMI for Honda SP125?
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 SP125 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 SP125?
A) The interest rate for Honda SP125 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 SP125?
A) EMI for Honda SP125 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 SP125 User Reviews

4.3/5
Based on29 User Reviews
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  • All (29)
  • Mileage (17)
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  • Looks (14)
  • Performance (12)
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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.
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  • V
    vishnu on Feb 02, 2025
    4.2
    Sp125 is best
    Nice look and less price best bike to have daily ride it's showing old power and watching and best who all asking mileage and for daily ride and old person is use soft and less weight bike I got it's good alround 125cc in line all bikes and nowadays best and best coming these bike nice and good loving
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    1
  • R
    rohit on Feb 01, 2025
    3.8
    Performance
    Nyc commuting bike but not for performance . The suspensions are little bit stiffer side. The refinement is next level.The fuel economy is 55-60. Km pr litre.The comfort of this bike is good.the initial performance is good but high end performance is not so much good.there are plenty of features in this bike.In the end , this bike is best for daily commuting
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  • A
    arindam on Jan 31, 2025
    4.5
    Overall riding experience
    The new console looks very good and it has many useful features. The bike looks very good from every side. The performance and features ia better than the previous one. Mileage is around 55 to 60 km per litre. Maintenance cost is not so much. The bike is worth in this price segment, no other bike is offering this type of machine
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    1
  • S
    sanjaysinh on Jan 30, 2025
    5.0
    Best bike in its segment
    One of the best bike that I have driven recently . It has great comfort in its segment have great power and handling at the same time . The looks are absolutely modern it has bright led for better night drivings also the main highlight is the new display that have many important information and it looks good in the bike also. Overall it is an fully featured loaded bike.
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  • View All Honda SP125 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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*Ex-showroom Price in Delhi
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