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.