Honda Unicorn Price and EMI Plan 2024
Honda Unicorn Price and EMI Plan 2024
Blog Article
Honda Unicorn Price and EMI Plan 2024a popular choice among motorcycle enthusiasts in India, continues to be a standout in 2024 with its blend of performance, comfort, and reliability. Whether you're a daily commuter or an occasional rider, the Honda Unicorn promises a smooth and efficient ride, making it a preferred option for many. Here’s a detailed look at the Honda Unicorn’s price and EMI plans for 2024.
Price of Honda Unicorn 2024
As of 2024, the ex-showroom price of the Honda Unicorn in India is approximately ₹1,10,000. This price can vary slightly depending on the city and the specific dealership. The on-road price, which includes RTO charges, insurance, and other fees, typically ranges between ₹1,20,000 to ₹1,30,000.
EMI Plans for Honda Unicorn 2024
Purchasing a motorcycle is a significant investment, and Honda offers flexible EMI (Equated Monthly Installment) plans to make the Honda Unicorn more accessible. Here are some typical EMI plans you can expect:
Down Payment and Loan Amount:
Down Payment: The initial down payment for the Honda Unicorn usually ranges from ₹20,000 to ₹30,000.
Loan Amount: After the down payment, the loan amount would be around ₹80,000 to ₹1,00,000, depending on the down payment made.
Interest Rates:
The interest rates for bike loans generally range from 9% to 12% per annum, depending on the bank or financial institution, your credit score, and the loan tenure.
Loan Tenure:
Loan tenures for bike loans are typically between 12 to 36 months. Longer tenures result in lower monthly EMIs but higher overall interest paid.
Monthly EMI Calculation:
For a loan amount of ₹1,00,000 with an interest rate of 10% per annum over 24 months, the EMI would be approximately ₹4,620.
For the same loan amount and interest rate over 36 months, the EMI would be around ₹3,226.
Example EMI Plans
Here are some example EMI plans for different loan amounts and tenures:
For a Loan Amount of ₹80,000:
12 months: EMI of ₹7,037 (at 10% interest)
24 months: EMI of ₹3,692 (at 10% interest)
36 months: EMI of ₹2,578 (at 10% interest)
For a Loan Amount of ₹1,00,000:
12 months: EMI of ₹8,796 (at 10% interest)
24 months: EMI of ₹4,620 (at 10% interest)
36 months: EMI of ₹3,226 (at 10% interest)
Conclusion
The Honda Unicorn remains a practical and reliable motorcycle choice in 2024, offering a balance of affordability and performance. With flexible EMI plans and competitive interest rates, owning a Honda Unicorn has never been more accessible. Whether you're looking for a daily commuter or a bike for weekend rides, the Honda Unicorn's price and financing options make it an attractive option for riders across India.