Honda BR-V Car Loan EMI Calculator

₹ 19,423.
Here is how - Honda BR-V price starts from ₹ 11,05,482 in Pune. If you pay a down payment of ₹ 1,47,582 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 19,423.

The cheapest BR-V model is E Petrol which is priced at ₹ 11,05,482 in Pune. You will need to pay at least a ₹ 1,47,582 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 Pune	Max Loan
E Petrol	₹ 11,05,482	₹ 9,57,900
E Diesel	₹ 12,33,629	₹ 10,38,632
S Petrol	₹ 12,61,185	₹ 10,78,400
S Diesel	₹ 14,16,841	₹ 11,92,400
V Petrol	₹ 13,69,477	₹ 11,72,400
V Diesel	₹ 15,17,666	₹ 12,78,400
VX Petrol [2016-2017]	₹ 14,89,035	₹ 12,67,500
VX Diesel [2016-2017]	₹ 16,46,435	₹ 13,79,000
V CVT Petrol	₹ 15,05,986	₹ 12,90,900
VX Petrol	₹ 14,89,282	₹ 12,76,400
VX Diesel	₹ 16,46,041	₹ 13,87,900
S Petrol Style Edition	₹ 12,53,118	₹ 10,70,000
V Petrol Style Edition	₹ 13,60,828	₹ 11,63,500
VX Petrol Style Edition	₹ 14,80,635	₹ 12,67,500
V CVT Petrol Style Edition	₹ 14,97,915	₹ 12,82,500
S Diesel Style Edition	₹ 14,08,012	₹ 11,83,500
V Diesel Style Edition	₹ 15,09,423	₹ 12,70,000
VX Diesel Style Edition	₹ 16,37,213	₹ 13,79,000

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 ₹ 17,230 but you will have to pay interest of ₹ 4,89,420 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 ₹ 34,642, but your interest payment will be only ₹ 2,89,212 over the 3 years period.

₹ 19,423
Honda BR-V price starts from ₹ 11,05,482 in Pune.

We have considered
Down-payement : ₹ 1,47,582
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 ₹ 3,69,000

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 ₹ 11.05 Lakh, you can get a loan with an annual income as low as ₹ 3.69 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.