Know 2023 Honda City Facelift Loan EMI as low as Rs 1.3 Lakh down payment: Details Explained

2023 honda city And the City Hybrid facelift was recently launched in the Indian market, which brought some visual enhancements as well as some new features. One of the best-selling sedans in the segment, the City is now available with a sole 1.5-litre petrol engine that makes 121 PS power, while the City e:HEV gets the same 1.5-litre petrol-hybrid engine as before.
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 –

Type on-road price
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

2023 Honda City & City e:HEV Review | Most advanced sedan in the segment? , TOI Auto

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.


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