Honda BR-V Car Loan EMI Calculator

₹ 19,392.
Here is how - Honda BR-V price starts from ₹ 10,61,657 in Kheda. If you pay a down payment of ₹ 1,05,257 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 19,392.

The cheapest BR-V model is E Petrol which is priced at ₹ 10,61,657 in Kheda. You will need to pay at least a ₹ 1,05,257 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 Kheda	Max Loan
E Petrol	₹ 10,61,657	₹ 9,56,400
E Diesel	₹ 11,55,955	₹ 10,38,017
S Petrol	₹ 12,05,242	₹ 10,80,900
S Diesel	₹ 13,25,218	₹ 11,90,400
V Petrol	₹ 13,04,948	₹ 11,71,900
V Diesel	₹ 14,20,542	₹ 12,77,400
VX Petrol [2016-2017]	₹ 13,97,877	₹ 12,66,000
VX Diesel [2016-2017]	₹ 15,20,592	₹ 13,78,000
V CVT Petrol	₹ 14,32,045	₹ 12,87,900
VX Petrol	₹ 14,16,705	₹ 12,73,900
VX Diesel	₹ 15,39,969	₹ 13,86,400
S Petrol Style Edition	₹ 11,93,737	₹ 10,72,500
V Petrol Style Edition	₹ 12,92,895	₹ 11,63,000
VX Petrol Style Edition	₹ 14,04,654	₹ 12,65,000
V CVT Petrol Style Edition	₹ 14,20,541	₹ 12,79,500
S Diesel Style Edition	₹ 13,13,165	₹ 11,81,500
V Diesel Style Edition	₹ 14,09,037	₹ 12,69,000
VX Diesel Style Edition	₹ 15,27,916	₹ 13,77,500

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 ₹ 16,547 but you will have to pay interest of ₹ 4,33,548 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 ₹ 33,268, but your interest payment will be only ₹ 2,41,248 over the 3 years period.

₹ 19,392
Honda BR-V price starts from ₹ 10,61,657 in Kheda.

We have considered
Down-payement : ₹ 1,05,257
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 ₹ 3,54,000

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 ₹ 10.62 Lakh, you can get a loan with an annual income as low as ₹ 3.54 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.