People planning to buy a motorcycle now have a major relief, as Atlas Honda has introduced an interest-free installment option for its popular Honda CG 150 model.
Under a collaboration with Standard Chartered Bank, the Honda CG 150 is being offered through the bank’s SC Easy Installment Scheme, allowing customers to purchase the bike without paying the full amount upfront.
Installment Plan Details
Eligible customers can buy the Honda CG 150 on 3, 6, or 12-month installment plans. The bank is offering the scheme at zero percent markup, meaning no interest is charged on the installments. However, buyers should note that a one-time processing fee applies at the time of booking.
According to the bank:
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3-month plan: 1.99% processing fee
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6-month plan: 5.99% processing fee
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12-month plan: 11.99% processing fee
Additionally, Federal Excise Duty (FED) and other regional taxes may apply, depending on the buyer’s location.
Price and Monthly Installments
The official price of the Honda CG 150 is Rs. 459,900. After adjusting the processing fee, the net price comes to approximately Rs. 450,999, excluding taxes.
Estimated monthly installments are:
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3 months: around Rs. 150,333 per month
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6 months: around Rs. 75,167 per month
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12 months: around Rs. 37,583 per month
Final payable amounts may vary due to FED and local tax charges.
Who Can Apply
This installment facility is only available to Standard Chartered conventional credit card holders. Customers interested in booking or seeking further details can contact the bank’s 24-hour helpline at 021-111-002-002.
Both the bank and the company have clarified that all bookings will be subject to terms and conditions, and final prices may differ based on applicable taxes.
The initiative is being viewed as a significant convenience for motorcycle buyers, especially at a time when inflation has made upfront purchases more challenging.
