By Admin 
Honda shine 125 on down payment and emi: There are more than one two-wheelers in the Indian market. One of these Honda Shine is 125 powerful mileage motorcycles. For this reason, there is a lot of demand in the market of this bike. The price of this bike is in the range of Rs 1 lakh. If you want to buy this bike on EMI by not paying full payment, then here we are going to tell you about its finance plan.
The on-road price of Honda Shine’s drum variant in Delhi is close to one lakh rupees. To buy this bike, you will get a loan of Rs 95,500. According to the interest on this loan, every month you will have to deposit a fixed amount in the bank as an EMI.
How many rupees will EMI be made every month?
To buy Honda Shine, if you take a loan for only one year, then EMI of Rs 8,700 will have to be deposited every month at an interest rate of 9 percent. To buy this bike, a down payment of only five thousand rupees will have to be made. To buy this motorcycle, if you take a loan for two years and the bank imposes 9 percent interest on this loan, then EMI of Rs 4,700 will have to be deposited every month.
For how many years the installment will have to be given?
If you take a loan for three years to buy a shine, then the interest of Rs 3,400 will have to be deposited in the bank for 36 months from 9 percent interest. If you take a loan for four years to buy Honda Shine, an EMI of Rs 2,700 will be deposited every month with interest of 9 percent.
It is necessary to read all the documents carefully before taking this bike a loan. According to different policy of the bank, there can be a difference in these data.
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