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Honda SP160 EMI Calculator
Honda SP160 EMI starts at Rs 4,091 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,27,216. 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 SP160. (Calculated on On Road Price in Delhi)
Honda SP160 Down Payment and EMI
| SP160 Variants | Loan @ 9.7%. | Down payment | EMI (36 months) |
|---|---|---|---|
| Single Disc (non-OBD-2B) | 1,27,216 | Rs. 14,135 | Rs. 4,091 |
| Double Disc (non-OBD-2B) | 1,31,559 | Rs. 14,618 | Rs. 4,214 |
| Double Disc | 1,35,789 | Rs. 15,088 | Rs. 4,365 |
| Single Disc | 1,29,885 | Rs. 14,432 | Rs. 4,187 |
Shortlist
Rs.1.21 - 1.28 Lakh*
EMI starts from ₹4,091
Calculate your Loan EMI for SP160
Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
- On-Road PriceRs.1,41,351
- Total Loan AmountRs.127351
- Payable AmountRs.147276
- You’ll pay extraRs.19925
EMIper month
Rs4,091
Calculated on On Road Price inDelhi
At BikeDekho, We can help you get the best deal on your loans.
Find EMI of SP160 Alternatives
SP160 EMI FAQs
Q) What will be the lowest down payment for Honda SP160?
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 SP160 includes the RTO and insurance charges.
Q) What will be the monthly EMI for Honda SP160?
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 SP160 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. ₹1,27,351/- on an annual rate of interest of 10% for a tenure of 3 years then
EMI = 127351 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,091/-
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 SP160?
A) The interest rate for Honda SP160 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 SP160?
A) EMI for Honda SP160 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 SP160 User Reviews
Based on6 User Reviews
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Popular Mentions
- All (6)
- Price (3)
- Looks (3)
- Performance (2)
- Tyres (2)
- Mileage (2)
- Service (2)
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- Latest
- Wonderful bikeWonderful bike . that's my favourite bike. Bike look and movement is very good. I like this bike very much.and I afford 2 same bike . Riding for this bike is very nice .and restful bike for long driveing.for the hill tourist place for most adjustable bike .I like for the fullfill fit for long tour of this bike.Read More
- Value for moneyGood performance . Definitely one of the best in the market.This one stands out from the rest of the peers in the market now.Honda SP 160 is good for the city rides.Also the service is also very well provided by the company.The mileage is somewhat low compared to the other models but is still worthy for the priceRead More
- Outstanding Experice of SP 160I am riding this bike from last five month. I am happy with the experience of SP160. The mileage which I am getting after first service that is 60-61 km/l if the average speed of my bike is 30km/h. Now I am looking forward to the second service, hoping for a slight improvement in the mileage. I never expected a bike in the 150–160 cc category to deliver mileage of more than 55 km/l but SP160 is really an amazing bike for me. It's digital meter shows mileage which I manually checked and found, the accuracy of digital meter is appropriate. I have it's double disc and front ABS variant that's make It's braking outstanding. Honda has given a kick-start and hazard that is appreciable. The pricing of bike is reasonable compare to same variant other bikes. Suggestions for improvement: 1- Mud guard should be little be long so that it protect to pillion and for those are behind of us. 2- I hope to see rear tyre ABS added in future models. 3- Right and Left indicator should come with sound.Read More2
- Average BikeRecently Launched Honda SP160 Has Missing Big size front tyre and dual channel fixture. New Digital Instrument Cluster could have been better as compared to same segment bikes. front shock up was very thin. otherwise bike comfort, maintenance, and performance is good. i hope Honda resolved this things in futureRead More2
- Honda sp 160Wonderful bike . that's my favourite bike. Bike look and movement is very good. I like this bike very much.and I afford 2 same bike . Riding for this bike is very nice .and restful bike for long driveing.for the hill tourist place for most adjustable bike .I like for the fullfill fit for long tour of this bike.Read More1
- View All Honda SP160 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.
*Ex-showroom Price in Delhi
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