Honda range and what it means for your loan
Activa and Shine buyers are often first-time borrowers, so the rate offered depends heavily on credit history. Honda has no captive loan provider, so dealers work with several banks and NBFCs.
| Popular model | Type |
|---|---|
| Activa | Scooter |
| Activa 125 | Scooter |
| Dio | Scooter |
| Shine 100 | Commuter bike |
| Shine | Commuter bike |
| SP 125 | Commuter bike |
| CB350 / CB350RS | Premium bike |
No.2 two-wheeler brand in India in FY26 with 63.70 lakh units. Source: bikeadvice.in.
EMI on a Honda bike or scooter
Worked examples at an example rate of 12% a year over 3 years, with 20% paid upfront. Prices are ex-showroom; the on-road price adds registration, insurance and road tax, so your actual loan may be a little higher.
| Ex-showroom price | Down payment (20%) | Loan | Monthly EMI | Total interest |
|---|---|---|---|---|
| ₹66,000 (entry) | ₹13,200 | ₹52,800 | ₹1,754 | ₹10,334 |
| ₹5.41 lakh (mid) | ₹1.08 lakh | ₹4.33 lakh | ₹14,375 | ₹84,706 |
| ₹44.3 lakh (top) | ₹8.86 lakh | ₹35.44 lakh | ₹1,17,712 | ₹6,93,615 |
Change the price, rate and tenure in the Two Wheeler Loan EMI calculator.
Who finances Honda bikes and scooters
No captive NBFC in India - finance via partner banks/NBFCs at Honda dealerships. HMSI has signed retail-finance MoUs with loan providers such as IDFC FIRST Bank (2019), IndusInd Bank and Punjab National Bank (autocarpro.in / Business Standard reports). No current official partner list verified.
Dealer finance or your own bank? Dealer or brand finance is convenient and sometimes comes with offers, but the rate is not always the lowest. A bank where you already have an account may offer a pre-approved loan. Ask both for the Key Fact Statement and compare the APR and total repayable amount, not just the EMI.
Electric Honda models
Honda sells electric models including Activa e: (Rs 1.20 lakh), QC1 (Rs 0.91 lakh), QC3 (Rs 1.35 lakh). Some loan providers offer lower rates on electric models, so ask for the EV rate specifically. Compare the EMI plus charging cost against the EMI plus fuel cost of a petrol or diesel model.
Loan providers for a Honda bike or scooter
Any of these loan providers can finance a Honda, whether or not it is the brand's partner. Rates as published on each loan provider's website.
| Loan provider | Published rate | Max tenure |
|---|---|---|
| IDFC FIRST Bank | From 9% | 60 months |
| HDFC Bank | 9.99% - 25.02% | — |
| Axis Bank | 10% - 28% | 12-48 months |
| Punjab National Bank | From 10.00% | 60 EMIs |
| ICICI Bank | 10.25% - 26.10% | Up to 36 months |
| Union Bank of India | 11.10% - 11.20% | — |
| SBI | 11.70% - 15.70% | Up to 60 months |
| Tata Capital | From 12.5% p.a. | 60 months |
| Federal Bank | 12.60% - 16.00% | 60 months |
| Hero FinCorp | 14% - 36% p.a. | 60 months |
| Chola | 15% - 28% p.a. | — |
| Kotak Mahindra Bank | — | 12 - 36 months |
Tips before you finance a Honda
- On small loans, flat processing fees and add-ons can matter more than the rate, so compare the total cost.
- A 24 to 36 month tenure usually keeps both the EMI and the total interest low.
- First-time borrowers can build a credit history with a two-wheeler loan, as long as every EMI is paid on time.
- Check whether the dealer's "low down payment" scheme comes with a higher rate or fees.
Honda Bike Loan in your city
Pick your city to see the Honda EMI with local on-road costs in mind, the documents loan providers ask for there and nearby cities in the same state.
Other brands and guides
Sources
Prices and line-up checked on 4 October 2026 from: bikedekho.com, autocarindia.com, bikeadvice.in, autocarpro.in. Prices change often; confirm the on-road price with your dealer.
Frequently asked questions
What is the EMI on the cheapest Honda?
At about ₹66,000 ex-showroom, with 20% down and 12% over 3 years, the EMI is about ₹1,754. Your rate and on-road price will change this.
Does Honda have its own finance company?
No captive loan provider. HMSI has signed retail-finance MoUs with loan providers such as IDFC FIRST Bank, IndusInd Bank and Punjab National Bank (autocarpro. You can also borrow from any bank or NBFC.
How much down payment do I need for a Honda?
Many loan providers fund 80% to 100% of the on-road price, but a 15% to 20% down payment lowers the EMI and total interest. Check the funding limit with your loan provider.
Is dealer finance cheaper than a bank loan for a Honda?
Not always. Dealer schemes can be convenient and sometimes discounted, but compare the APR and total repayable amount in the Key Fact Statement with a bank's offer.
Which loan provider is best for a Honda?
There is no single best loan provider; it depends on your credit score, income and the model. Public sector banks often publish the lowest starting rates, while NBFCs may approve profiles banks decline.
KhatuLoans is not a loan provider and is not paid by the loan providers or brands named here to rank them. Rates, fees and prices change; always confirm with the loan provider and dealer. Read our editorial policy and how we make money.