Honda Activa EMI Calculator

Planning to buy a Honda Activa and want to know your monthly instalments in advance? The IDFC FIRST Bank Honda Activa EMI calculator helps you estimate your EMIs instantly, based on loan amount, interest rate, and tenure. With this smart and easy-to-use tool, you can plan your finances better, choose the most affordable repayment option, and make your dream of owning a Honda Activa a reality. With quick and accurate results, the tool ensures complete clarity before you apply.

How to use the Activa EMI calculator?

The Activa EMI calculator from IDFC FIRST Bank is convenient to use! Follow the quick and simple steps to use the Active EMI calculator tool:

1. You just need to fill in the on-road price of the Activa scooter

2. Enter the amount of down payment you can afford by adjusting the slider from left to right

3. Enter the tenure of the loan by moving the slider

4. Fill in the interest rate applicable

The calculator will immediately display to you the approximate EMI you have to pay every month. This will enable you to plan your finances better and select the perfect blend of down payment and tenure which suits your needs best.

Understanding the down payment for an Activa

When you purchase a Honda Activa on a two-wheeler loan, the down payment is the amount that you pay upfront, and the remaining amount is covered by the bank. You can avail up to 95% of the on-road price of the scooter with IDFC FIRST Bank’s two-wheeler loan, which leaves you with a minimal down payment to pay. This way, you can take home your Honda Activa without worrying about spending the entire purchase price at once.

Example of downpayment & EMI for an Activa

Suppose the on-road price of a Honda Activa is ₹90,000. If you pay a down payment of ₹10,000, IDFC FIRST Bank can lend you the balance ₹80,000. With an interest rate as low as 18.99%* (for a commuter bike) and a term of 36 months, your EMI will be around ₹2,932 a month. Your EMI can differ depending on the two-wheeler loan amount, term, and interest rate charged at the time of sanction. Here is the table summarising the two-wheeler loan details.

Two-wheeler loan from IDFC FIRST Bank to buy an Activa

At IDFC FIRST Bank, it is easy and convenient to obtain a loan for your Honda Activa. Here's why it's the best choice:

• The Activa two-wheeler loan from IDFC FIRST Bank has competitive rates of bike loan interest beginning with 18.99%*, which may differ with respect to the vehicle variant.

• Borrowers can opt for flexible tenures, and repayment tenure can be between 6 and 60 months.

• IDFC FIRST Bank provides a maximum loan-to-value ratio with funding up to 95% of the on-road price of the scooter.

• The lending process is swift and seamless, backed by a wholly digital platform with an instant check on eligibility.

• Guarantor is not required for applicants above the age of 21 years, and hence the loan application is convenient and hassle-free. Individuals between 18-21 years of age require a co-applicant.

• Customers can easily apply online or at any of IDFC FIRST Bank's partner dealerships.

Whether it is your first time buying a scooter or you are looking to upgrade to a new one, IDFC FIRST Bank makes borrowing a hassle-free, transparent, and pocket-friendly experience.