Know 2023 Honda City Facelift Loan EMI as low as Rs 1.3 Lakh down payment: Details Explained
planning to buy new Honda City And wondering how much EMI you will have to pay? Here is a table that shows the variant-wise on-road (Delhi) price of the sedan, and the lowest monthly installment that you would have to pay taking into account the average tenure, ROI, as well as down payment –
|tenure||Rate of interest||advanced payment||EMI|
|SV||Rs 13.25 lakh||5 years||10%||Rs 1.30 lakh||Rs 25,398|
|V||Rs 14.25 lakh||5 years||10%||Rs 1.42 lakh||Rs 27,254|
|VX||Rs 15.51 lakh||5 years||10%||Rs 1.55 lakh||Rs 29,666|
|V CVT||Rs 15.66 lakh||5 years||10%||Rs 1.57 lakh||Rs 29,935|
|zx||Rs 16.90 lakh||5 years||10%||Rs 1.69 lakh||Rs 32,320|
|VX CVT||Rs 16.92 lakh||5 years||10%||Rs 1.69 lakh||Rs 32,368|
|ZX CVT||Rs 18.31 lakh||5 years||10%||Rs 1.83 lakh||Rs 35,022|
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To make it easy for you, we have chosen an average tenure of 5 years as the standard, with a down payment amount of around 10% and bank interest rate approx 10%. Note that the buyer is free to decide the tenure for which he will take the loan, while the interest rate varies from bank to bank. Additionally, you can also choose to pay a higher or lower down payment, which will reduce or increase your Equated Monthly Installment (EMI) respectively.
Honda Cars India currently sells the City in India at a starting price of Rs 11.49 lakh for the entry-level SV variant, going up to Rs 15.97 lakh (both prices, ex-showroom) for the range-topping ZX CVT model . , However, the on-road (Delhi) price Honda The current price of the sedan ranges from Rs 13.25 lakh to Rs 18.31 lakh.
For example, let’s say you decide to buy the top-end ZX CVT variant of the Honda City facelift, which currently costs Rs 15.97 lakh, ex-showroom. If you pay Rs 1.83 Lakhs as down payment out of the on-road price (Delhi) of Rs 18.31 Lakhs, you can pay Rs 16.48 Lakhs as EMI for a tenure of 60 months (5 years) against the total loan amount 35,022 in Rs. Lakh. At the end of the tenure, you would have paid Rs 21.01 lakh for the sedan apart from the down payment.
If you wish to know any other EMI of car, motorcycle or scooter of your choice, do let us know in the comments below.