Honda BR-V Car Loan EMI Calculator

₹ 19,342.
Here is how - Honda BR-V price starts from ₹ 11,39,487 in Bangalore. If you pay a down payment of ₹ 1,85,587 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 19,342.

The cheapest BR-V model is E Petrol which is priced at ₹ 11,39,487 in Bangalore. You will need to pay at least a ₹ 1,85,587 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for BR-V.

Version	On-road price in Bangalore	Max Loan
E Petrol	₹ 11,39,487	₹ 9,53,900
E Diesel	₹ 12,52,654	₹ 10,16,138
S Petrol	₹ 12,98,962	₹ 10,52,900
S Diesel	₹ 14,63,420	₹ 11,87,900
V Petrol	₹ 14,40,887	₹ 11,69,400
V Diesel	₹ 15,77,412	₹ 12,74,900
VX Petrol [2016-2017]	₹ 15,68,040	₹ 12,63,000
VX Diesel [2016-2017]	₹ 17,06,137	₹ 13,75,000
V CVT Petrol	₹ 15,83,811	₹ 12,85,900
VX Petrol	₹ 15,65,757	₹ 12,71,900
VX Diesel	₹ 17,02,205	₹ 13,83,900
S Petrol Style Edition	₹ 12,90,799	₹ 10,44,500
V Petrol Style Edition	₹ 14,32,106	₹ 11,60,500
VX Petrol Style Edition	₹ 15,56,981	₹ 12,63,000
V CVT Petrol Style Edition	₹ 15,74,644	₹ 12,77,500
S Diesel Style Edition	₹ 14,54,644	₹ 11,79,000
V Diesel Style Edition	₹ 15,61,245	₹ 12,66,500
VX Diesel Style Edition	₹ 16,93,428	₹ 13,75,000

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for BR-V E Petrol will be ₹ 17,760 but you will have to pay interest of ₹ 5,37,940 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 35,707, but your interest payment will be only ₹ 3,31,552 over the 3 years period.

₹ 19,342
Honda BR-V price starts from ₹ 11,39,487 in Bangalore.

We have considered
Down-payement : ₹ 1,85,587
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy BR-V with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,80,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of BR-V starts from ₹ 11.39 Lakh, you can get a loan with an annual income as low as ₹ 3.80 lakh.

Here are the most important things you should consider while getting a car loan for a new BR-V

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.