Everyone in India dreams of buying their favourite bike easily. Sometimes this dream remains unfulfilled due to lack of money. Honda Unicorn is a popular motorcycle in the Indian market.
It is very popular among the youth due to its stylish design, excellent performance, and comfortable riding experience. If you are thinking of buying a Honda Unicorn, then knowing about its finance plan can be beneficial for you.
Honda Unicorn Price
The price of Honda Unicorn starts from around ₹ 1,00,000. This price has been fixed keeping in mind the middle-class family. This price may vary according to different variants and locations. Keeping in mind the price of this bike, many banks and financial institutions provide easy financing options to buy it.
Honda Unicorn Finance Plan
The finance plan for Honda Unicorn is very simple and convenient. You can buy it in easy installments. For your convenience, the company has given you the option of many big banks so that you do not have any problems in finance.
Usually, banks provide financing up to 80%, which means that you have to make a down payment of 20% of the total cost of the bike. For example, if the price of the bike is ₹ 1,00,000, then you have to make a down payment of ₹ 20,000. You can pay the remaining ₹ 80,000 in installments.
EMI plan of Honda Unicorn
Your EMI (Equated Monthly Installment) during financing will depend on your credit score and the loan term chosen. Typically, the loan term ranges from 2 to 5 years. If you choose a 5-year term, your EMI can be around ₹ 1,600 to ₹ 2,500.
Required documents of Honda Unicorn
You will need some documents to get finance for Honda Unicorn. These may include identity proof, proof of address, proof of income, and bank statements. Your loan will be approved quickly only if all the documents are correct and complete.