Honda SP 160 EMI Calculator: Down Payment, On Road Price, Finance, Loan, Interest

Honda SP 160 EMI Calculator

Honda SP 160 EMI Calculator

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Monthly EMI

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Loan Amount: ₹0

Total Interest Payable: ₹0

Total Amount Payable: ₹0

Final Amount (Down Payment + Total Amount): ₹0

12 Months EMI: ₹0

24 Months EMI: ₹0

36 Months EMI: ₹0

Loan Amount
Interest

Honda SP 160 On Road Price In Mumbai

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Honda SP 160 is available in two variants barred on number of discs: Single Disc & Double Disc. The base variant in Mumbai starts at ₹ 1,22,478 Ex-showroom and top variant can lead to ₹ 1,28,483 Ex-showroom .

VariantEx-showroomOn Road Price
Single Disc₹ 1,22,478₹  1,49,326
Double Disc₹ 1,28,4831,56,097

SP 160 is powered by a 162.71 cc engine which gives it a power of 13.27 bhp @ 7500 rpm and 14.58 Nm @ 5500 rpm. This power is enough to make this bike reach a top of of 110 kmph.

Also Read: TVS Apache RTR 160 EMI Calculator: Down Payment, EMI, Price, Finance, Interest Rate

Honda SP 160 Down Payment And EMI

Getting Honda SP 160 on EMI can be a good idea if you have tight budget. Let’s discuss the EMI and minimum down payment details you needed to pay to finance this bike.

Usually the lenders agrees to finance the 85-90% of the total on road price of bike, while the remaining 10-15% is paid by the customer as down payment. Minimum down payment for a bike can lie between 0-15% depending on your CIBIL score.

For general calculations we took the minimum down payment as 12% and annual interest rate is taken 10%. So, using these calculations we calculated monthly EMIs for Honda SP 160 will be ₹4,240 for 36 months after a minimum down payment ₹17,919.

The interest rate may depend of bank or lender and may range normally from 9.5% to 15%.

VariantOn-Road PriceDown (12%)Loan AmountEMITotal PayableInterest Paid
Single Disc₹1,49,326₹17,919₹1,31,407₹4,240₹1,70,564₹21,238
Double Disc₹1,56,097₹18,732₹1,37,365₹4,432₹1,78,298₹22,201

Honda SP 160 EMI comparison with other bikes (36 months tenure, 10% interest)

Bike EMI Comparison
Bike (Base Variant)On-RoadDown P.EMI
Bajaj Pulsar NS200₹1,76,237₹21,148₹5,004
TVS Apache RTR 160₹1,37,968₹16,556₹3,918
Apache RTR 160 4V₹1,48,173₹17,781₹4,207
Royal Enfield Classic 350₹2,32,276₹27,873₹6,596
Honda SP 125₹1,16,650₹13,998₹3,312

Honda SP 160 Key Specs

SpecificationDetails
Engine162.71 cc, 4-Stroke, Single Cylinder, Air-Cooled
Power13.27 bhp @ 7500 rpm
Torque14.58 Nm @ 5500 rpm
Transmission5-Speed Manual
Mileage65 kmpl (ARAI claimed)
Fuel Tank Capacity12 Litres
Kerb WeightSingle Disc: 139 kg, Double Disc: 141 kg
BrakesFront: 276 mm Disc, Rear: 130 mm Drum or 220 mm Disc (variant dependent)
SuspensionFront: Telescopic Fork, Rear: Monoshock
Ground Clearance177 mm
Seat Height796 mm
Top Speed110 kmph
ColoursPearl Spartan Red, Pearl Deep Ground Gray, Matte Axis Gray Metallic, Matte Marvel Blue Metallic, Matte Dark Blue Metallic, Pearl Igneous Black
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