Honda SP 125 Loan Features
| Interest Rate | 11.83% per annum |
| Minimum Loan Amount | Rs. 10,000 |
| Maximum Loan Amount | Loan up to 90% of On-Road Price or 100% of Ex-Showroom Price |
| Loan Tenure | 1 yr to 4 yrs |
| Lowest EMI/Lac | Rs.2,625 |
| Minimum Net Monthly Income | Salaried: Rs.7,000, Self-Employed: Rs. 6,000 |
| Age Criteria | 21 years to 65 years(at loan maturity) |
| Processing Fee | Up to 3% of the loan amount |
| Foreclosure Charges | 3%-10% Based on the time of foreclosure(Not allowed during the first 3 months) |
Advantages of Loan for Honda SP 125
The advantages of taking a Two-wheeler loan for Honda SP 125:
- Easy and hurdle free loan
- Quick disbursal of the loan amount
- pocket-friendly Interest Rate
- Easy payback method
Honda SP 125 Loan EMI Calculator
The applicant has the option to know the EMI’s before availing of the loan for Honda SP 125. So, you can easily examine through the link below:
Honda SP 125 Bike Loan Interest Rate and Charges
This table shows Two Wheeler Loan Interest Rate based on several parameters:
| Interest Rate | Starts at 11.83% p.a. |
| Processing Fee |
Up to 3% of the loan amount (maximum)
|
| Prepayment Charges |
From 3% to 10% of the outstanding principal
|
Honda SP 125 Finance Scheme and Offers
A zero down payment bike loan is also available, which is a loan wherein the bank will finance the whole cost of the Honda SP 125 you wish to purchase, not requiring you to pay anything upfront.
You can get a loan for Honda SP 125 with an interest rate of 11.83% per annum. Avail of a loan up to 100% of the Ex-Showroom price to a maximum of Rs. 1.5 lakhs through Dialabank.
Honda SP 125 Loan Process
Getting the Honda SP 125 Loan is a simple process as follows:
- Online Application: Fill an application form online with Dialabank and submit it.
- Document Submission: Gather all the necessary documents and upload them online.
- Verification: After the submission of an application form and the required documents. There will be confirmation of all the documents for any discordance.
- Approval: After the confirmation with no discrepancies, your loan will approve online.
For more information regarding the Honda SP 125 Loan, contact at 9878981166.
Honda SP 125 Loan Documents Required
Documents Required for Two Wheeler Loan:
1. Salaried Individual
| Category | Documents Required |
| Identity Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Compulsory Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
2. Self-Employed Individual
| Category | Documents Required |
| Identity Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Compulsory Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
Loan for Honda SP 125 Eligibility
The following table shows the Two Wheeler Loan Eligibility Criteria:
| Age |
21 Years – 65 Years
|
| Income |
Rs.7,000 PM (For Salaried Individuals)
Rs.6,000 PM (For Self-employed Individuals) |
| CIBIL Score |
Varies according to Bank’s criteria
|
About Honda SP 125
The SP 125 has a 124 cc BS6 engine with a 5-speed gearbox. The engine generates the power of 10.8 ps. The bike is 118 kg in weight and the fuel tank capacity is 11 litres. The SP 125 comes to a halt using a 240mm disc/130mm drum upfront and a 130mm drum at the back, some of the other features are an all-LED headlamp, a fully-digital speed cluster with real-time, even gear position indicator and average efficiency, range.
Honda SP 125 Specifications
| Ex-Showroom Price |
Rs. 74,407
|
| Mileage | 65 Kmpl |
| Power | 10.57 PS @ 7500 rpm |
| Displacement | 124 cc |
| Max Torque | 10.9 |
| Fuel Capacity | 10 liters |
| Self Start | yes |
| Rear Brake | Disc |
| Number of Cylinders | 1 |
| Tire Type | Tubeless |
Honda SP 125 is available in the following Colours:
| Green | White | Red | Blue |
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Honda SP 125 Loan FAQ
✅ What is the interest rate for getting a Honda SP 125 Loan?
The interest rate for getting a Honda SP 125 Loan is 11.83% per annum.
✅ How to calculate EMI for a loan for Honda SP 125?
To calculate EMI for Honda SP 125 Loan, you can use the EMI Calculator
✅ What is the minimum loan amount I can avail of for Honda SP 125?
The minimum loan amount you can avail of for Honda SP 125 is Rs. 10,000.
✅ Can I get a 100% loan of the Ex-Showroom Price for Honda SP 125?
Yes, you can get a 100% loan of the Ex-Showroom Price for Honda SP 125.
✅ How much processing fee charge for getting a Honda SP 125 Loan?
The processing fee charged for getting a Honda SP 125 Loan is up to 3% of the loan amount (maximum).
✅ What is the loan tenure for availing of a Honda SP 125 Loan?
The loan tenure for availing of a Honda SP 125 Loan is up to 4 years.
✅ How can I be eligible for the availing of a loan for Honda SP 125?
You can eligible for availing of a loan for Honda SP 125 if you are between 21 to 65 years, Indian, and minimum monthly income of Rs. 7,000(For Salaried) and Rs. 6,000(For Self-Employed).
✅ What are the documents required for getting a Honda SP 125 Loan?
The documents required for getting a Honda SP 125 Loan are a driving license, Aadhar card, PAN Card, Voter ID, passport, bank statement of the last 3 months, and salary slips of the last 3 months.
Two Wheeler Loan for Other Bikes
| Hero Xtreme 200S Loan | Honda CB 1000R Plus Loan |
| Honda CB300R Loan | Honda CB650R Loan |
| Honda CB500X Loan | Honda CB500F Loan |
| Honda CBF190R Loan | Honda CBR300R Loan |
