When it comes to buying a two-wheeler like Honda Activa 5G in India, making a full payment might not be viable for everybody. It would be wise to mention that scooters in the country are expensive and they can literally push budget limitations for many in our country. Well, what comes as a fascinating fact is that you can always buy your Activa 5G or Activa 4G on EMI. In this article, we will talk about how you can avail your two-wheeler on EMI? We’ll also talk about the various documents required and steps which need to be undertaken for the same.
How to Buy Activa on EMI?
If you want to buy a Honda Activa 4G or 5G and you’re worried about the price, please, you need not to. Even if you’re a self-employed or even a salaried individual, you can easily buy the two-wheeler on finance. Don’t delay your purchase as you can always finance your Activa 5G up to 100% and you can pay easy EMIs. In India, most of the banks are offering 2-wheeler loans, there are private financing firms such as Tata Capital and more that can help you buy your dream two-wheeler. Depending upon your interest, the tenure for EMI can vary anywhere between 6 to 60 months.
9 Steps to Buy Activa on EMI
- Visit Nearest Honda Dealer
- Finalize the Activa Model like Activa 5G or 4G
- Discuss Downpayment
- Discuss Loan Option (Finance Company (Bajaj Finance) or Bank like SBI, AXIS)
- Calculate EMI (Find EMI calculator below)
- Discuss the Intrest Rate and Tenure
- If Agreed, Provide Document asked. (go down for a list of the document)
- Get Delivery
Honda Activa Loan Documents
If you’re a salaried individual, you are required to provide a proof of identity. Central Government issued cards like Pan Card, Aadhar Card, Voter ID, Driving License can be used. For the purpose of proving your Address, again, Aadhar Card, Passport, Voter ID card, Bank Statements can be used. At last, you’re required to show your income proof so that bank can be sure while granting you the loan. You can provide bank statements for the last 3 months, salary slips or salary certificate will do as well. For self-employed individuals, apart from similar proof of identifying and address, you can give ITR i.e. Income Tax Returns & bank statements for proving your income.
- ID Proof: Aadhar Card, Pancard, Driving Licence
- Address Proof: Driving Licence, Aadhar Card, Voter ID Card, Electricity bill copy
- Income proof: Last 3 year of IT return, Salary Slip, Bank Statment
Honda Activa EMI Calculator
You can calculate the EMI of your Honda Activa by strolling over the manufacturer’s website. EMI calculator will provide you with an estimated value of your bike’s monthly EMI. Now, you can go to your nearest dealer of Honda and they’ll tell you everything about EMI options. Showrooms have tie-ups with companies/banks that offer loan on a meager downpayment.
Click to Calculate Honda Activa EMI