Honda CB350 bike loan EMI on Rs 44,000 down payment: Details explained – Times of India

Honda Motorcycle & Scooter India (HMSI) has launched the new CB350 as the third motorcycle to be based on its 350 cc platform that also underpins the H’ness CB350 and CB350RS. The Honda CB350 features more retro bits, in a bid to go neck and neck against the Royal Enfield Classic 350 in the Indian market.
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.

Royal Enfield Himalayan 450 Review: Revolution, not Evolution! | TOI Auto

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!

Source link

We will be happy to hear your thoughts

Leave a reply

Shopping cart