Honda Activa 110 Cheapest Variant: EMI Buying Guide

The Honda Activa 110 is India’s highest-selling scooter and it comes at Rs 74,369 (ex-showroom, Delhi) for the base Standard variant. The on-road price in Delhi is Rs 89,682. 

If you’re planning on buying it on EMI, then this guide is for you. We have given a detailed breakdown of how much EMI you will have to pay depending on the loan tenure, with a fixed downpayment of Rs 20,000:

18-Month Loan Tenure

With an 18-month loan tenure (1.5 years), you will have to pay an EMI of Rs 4,175, which is slightly higher than what you would be paying with a longer tenure. But the main benefit here is that you’ll be paying lower interest overall. The interest amount, in this case, comes to Rs 5,468, and the total amount payable will be Rs 95,150 when buying the Honda Activa 110.

2-Year Loan Tenure

If you’re looking to pay a slightly lower EMI, you can opt for the 2-year (24 months) loan scheme. With this scheme, you will be paying Rs 3,206 as EMI but the interest amount is slightly higher, coming to Rs 7,262. Compared to the 18-month scheme, you will be spending Rs 969 less every single month. The consequence of this is that you will be paying Rs 1,794 extra as interest.

3-Year Loan Tenure

For the lowest monthly EMI, you can go for a 3-year loan. In this case you will be paying Rs 2,239 as the monthly EMI, which is Rs 1,936 less every month compared to the 18-month loan scheme. But on the flipside, the interest is higher in this case, coming to Rs 10,922. This  is Rs 5,454 higher than what you’d be paying with the 18-month scheme.

BikeDekho Says

Buying a scooter on loan is a good way to reduce the load of up-front payment. In our opinion, the 2 year scheme is the best option out of the three. It allows you to pay less per-month while also not spending too much on interest.

It is important to note that apart from the fixed downpayment, the interest rate has been taken as 9.7 percent, which is the standard rate. The interest rates in real-world scenarios will vary depending on a wide range of factors - from bank policies to your CIBIL score. We suggest reaching out to your bank for more details about loan schemes. If you would like to perform similar calculations like we’ve done above, you can check out our EMI calculator here. 

We may have taken the cheapest variant in this case, but if you’re looking to buy mid- or higher-end variants, here’s our clear-cut variant explainer. Also, in a recent development, Honda crossed the 35 million sales milestone for the Activa, with over 20 million units of the scooter sold in the last decade alone.