• English
  • Login / Register
Honda SP160 EMI Calculator

Honda SP160 EMI Calculator

Honda SP160 EMI starts at Rs 4,057 per month for a tenure of 36 months @9.7 for a loan amount of Rs 1,26,251. 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 VariantsLoan @ 9.7%. Down paymentEMI (36 months)
Dual Disc1,30,573Rs. 14,508Rs. 4,179
Single Disc1,26,251Rs. 14,028Rs. 4,057
Read More
Rs. 1.19 - 1.23 Lakh*
EMI starts from ₹ 4,057
View Finance Offers
*Ex-showroom Price in Delhi
Shortlist

Calculate your Loan EMI for SP160

Down PaymentRs.
0Rs.0
Bank Interest Rate %
8%26%
Loan Period ( Months )
  • On-Road PriceRs.1,40,279
  • Total Loan AmountRs.126279
  • Payable AmountRs.146052
  • You’ll pay extraRs.19773
EMIper month
Rs4,057
Calculated on On Road Price in Delhi
Get EMI offers
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. ₹1,26,279/- on an annual rate of interest of 10% for a tenure of 3 years then  EMI = 126279 * 0.008333*(1+ 0.008333)^36 / ((1+ 0.008333)^36)-1 = Rs 4,057/- 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

4.4/5
Based on43 User Reviews
Write a Review & Win ₹1000
Popular Mentions
  • All (43)
  • Comfort (15)
  • Engine (13)
  • Mileage (13)
  • Performance (9)
  • Looks (9)
  • Price (8)
  • More ...
  • Latest
  • Most Helpful
  • B
    bidu on Nov 28, 2024
    5.0
    Excellent fantastic
    Excellent performance of the bike I really love it it was awesome and stylish bike forever I had ever ride
    Was this review helpful?
  • N
    nivesh on Nov 06, 2024
    5.0
    Good looking bike with good mileage and look
    Good mileage Sports looks Best 160cc segment engin Low maintenance cost Low worth in this segment Good pickup Best breaking system in this segment
    Was this review helpful?
    1 1
  • G
    ganesh on Oct 25, 2024
    4.5
    true review of honda sp 160
    I am happy with sp 160,smooth & noiseless engine,56 km/l to 60 km/l mileage & suspension is good.my rating is 4.5
    Was this review helpful?
    1
  • S
    shailendra on Oct 15, 2024
    4.7
    Best in this price Segment
    Honda bikes never disappoint it's customers I ma using this bike since last year and it's best bike available in this price Segment Things which I love about SP160 is it's performance best pick up and engine performance is top notch in every segment and maintenance cost is also very good And best part is it's riding comfort it's very comfortable to ride
    Read More
    Was this review helpful?
    5 1
  • N
    naveen on Oct 14, 2024
    4.2
    The Honda SP160 offers smooth
    The Honda SP160 offers smooth performance with its refined engine, comfortable handling, and modern features. It's ideal for daily commutes but lacks high-end power.
    Was this review helpful?
    1
  • View All Honda SP160 Reviews

Best Commuter Bikes

Honda SP160 News

Top 10 Bikes in India

SP160 Price in India

Users Also Viewed

More Bike Options to Consider

Honda SP160 Brochure
Download brochure for detailed information of specs, features & prices.
download brochure
Download Brochure

Trending Honda Bikes

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.

Read More
*Ex-showroom Price in Delhi
×
We need your city to customize your experience