Planning to buy the new Honda CB350 and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the motorcycle, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –
|Variant||Estimated on-road price
|Interest rate||Tenure||Down payment||EMI|
|DLX||Rs 2.22 lakh||10%||3 years||Rs 44,000||Rs 5,730|
|DLX Pro||Rs 2.41 lakh||10%||3 years||Rs 48,000||Rs 6,241|
To simplify the process, we have chosen an average tenure period of three years as standard, along with approximately 20% down payment amount, and an estimated 10% bank interest rate.Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your equated monthly installment (EMI) respectively.
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Honda Motorcycle & Scooter India is offering the CB350 in two variants, priced from Rs 2 lakh to Rs 2.18 lakh (ex-showroom). However, the on-road (Delhi) price of the motorcycle is estimated to be between Rs 2.22 lakh and Rs 2.41 lakh.
Do let us know in the comments down below if you’d like to know the loan EMI for any other motorcycle, scooter or car of your choice!