Loan for Honda Activa 6G
Last Updated : Nov. 18, 2020, 5:34 p.m.
Two-wheelers have become a basic necessity for many individuals. It helps people to easily commute from one place to another. Recently, Honda has launched Activa 6G with many advance features and people are choosing it for their day to day use. But there are some individuals who cannot afford Activa 6G due to its high price of approx ₹67000. So the only way out is to take a loan for Honda Activa 6G. Here you can see various financial institutions that grant a loan for bike and scooters. On the other hand, you can easily buy an Activa 6G by taking a loan from the bank. So, let’s explore the interest rate on two-wheeler loan charges by various banking and non-banking financial institutions.
Top 10 Lending Institutions for Honda Activa 6G
You can explore various banks and NBFCs from where you can take a loan for your Activa 6G. You must also go through the interest rate charged by these banks on the loan you borrow.
| Name of the Lending Institutions | Interest Rate | Tenure |
|---|---|---|
| State Bank of India | 16.05% Onwards | 12 Months to 36 Months |
| HDFC Bank | 20.90% Onwards | 12 Months to 36 Months |
| ICICI Bank | 10.25% to 27% | 12 Months to 36 Months |
| Axis Bank | 10.80% to 28.30% | 12 Months to 36 Months |
| Kotak Mahindra Bank | 11.50% Onwards | 12 Months to 36 Months |
| UCO bank | 11.70% Onwards | 12 Months to 36 Months |
| Bank of Baroda | 11.50% Onwards | 12 Months to 36 Months |
| Bajaj Finance | 7.85% Onwards | 12 Months to 36 Months |
| IndusInd Bank | 12% to 29% | 12 Months to 36 Months |
| Allahabad Bank | 8.40% to 11.65% | 12 Months to 36 Months |
You can also increase or decrease the tenure of the loan depending upon the relationship with the bank. If you have a good loan history then you can get a bike loan for high repayment tenure. On the other hand, the bank can also negotiate the rate of interest depending upon credit history.
EMI on Loan for Honda Activa 6G
The on-road price of Activa 6G Deluxe is ₹81101 in Delhi including registration, taxes, and insurance. So, if you are financing your scooter fully then you will have to pay the following EMIs.
| Principal Amount | Interest Rate | Tenure | EMI | Interest Payable |
|---|---|---|---|---|
| ₹81101 | 12% | 2 Years | ₹3818 | ₹10524 |
| ₹81101 | 15% | 2 Years | ₹3932 | ₹13275 |
| ₹81101 | 20% | 2 Years | ₹4128 | ₹17964 |
| ₹81101 | 12% | 3 Years | ₹2694 | ₹15873 |
| ₹81101 | 15% | 3 Years | ₹2811 | ₹20109 |
| ₹81101 | 20% | 3 Years | ₹3014 | ₹27403 |
You can easily afford an Activa 6G with the help of a loan. The EMI are also nominal and can be afforded on a monthly basis. So, it the best time to get one scooter for yourself through the two-wheeler loan from the bank.
Variants of Honda Activa 6G
There are two variants of Activa 6G and their prices might differ depending upon the variant. The first variant is Activa 6G STD and the base price is approximately ₹63912. The other variant is Activa 6G DLX and the base price is approximately ₹65412. You will get an LED Headlight in the higher variant and it is the only difference between these two variants.
You can also see the colours in which you can get a Honda Activa 6G scooter:-
- Black
- Pearl Spartan Red
- Pearl Precious White
- Matte Axis Grey Metallic
- Glitter Blue Metallic
- Dazzle Yellow Metallic
Specifications of Activa 6G
Now, you must go through the salient features of this scooter and see how it will be beneficial for you in your day to day life.
| Particulars | Details |
|---|---|
| Variants | Standard Variant and Deluxe Variant |
| Engine Cubic Capacity | 109.51cc |
| Fuel Economy (Mileage) | 55 km per Litre |
| Maximum Speed | 85 km/hr |
| Fuel Tank Capacity | 5.3 Litres |
| Starting | Kick Start and Self Start |
| Clock | Yes |
| Emission Type | BS6 Engine |
| Max Power | 7.79 PS @ 8000 RPM |
| Fuel Type | Petrol |
| Gear Transmission | Automatic |
| Braking System | Drum Brakes with a Combi-Brake System |
| Tyre Type | Tubeless Tyres |
| Weight | 107 Kgs |
| Tail Light | LED |
Conclusion
Well, after exploring the features of this outstanding two-wheeler you must have made your choice. If you don’t have enough funds to buy this scooter then you must take a loan for Activa 6G. There are various banks that will help to finance this two-wheeler fully so that you can enjoy a smooth ride. The rate of interest can be negotiated if you have a good relationship with the lending institution.
Disclaimer:- Information related to the price of two-wheeler depends on city from where you are buying it. Check the on-road price first on the current date before buying the two-wheeler.