Honda BR-V Car Loan EMI Calculator

₹ 19,534.
Here is how - Honda BR-V price starts from ₹ 10,54,234 in Kolkata. If you pay a down payment of ₹ 90,834 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 19,534.

The cheapest BR-V model is E Petrol which is priced at ₹ 10,54,234 in Kolkata. You will need to pay at least a ₹ 90,834 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 Kolkata	Max Loan
E Petrol	₹ 10,54,234	₹ 9,63,400
E Diesel	₹ 11,46,450	₹ 10,44,098
S Petrol	₹ 11,97,518	₹ 10,88,900
S Diesel	₹ 13,14,653	₹ 11,96,900
V Petrol	₹ 12,95,671	₹ 11,79,400
V Diesel	₹ 14,09,552	₹ 12,84,400
VX Petrol [2016-2017]	₹ 14,09,070	₹ 12,72,000
VX Diesel [2016-2017]	₹ 15,32,743	₹ 13,84,500
V CVT Petrol	₹ 14,20,941	₹ 12,94,900
VX Petrol	₹ 14,05,757	₹ 12,80,900
VX Diesel	₹ 15,27,773	₹ 13,93,400
S Petrol Style Edition	₹ 11,90,974	₹ 10,80,500
V Petrol Style Edition	₹ 12,88,585	₹ 11,70,500
VX Petrol Style Edition	₹ 13,98,669	₹ 12,72,000
V CVT Petrol Style Edition	₹ 14,14,398	₹ 12,86,500
S Diesel Style Edition	₹ 13,07,565	₹ 11,88,000
V Diesel Style Edition	₹ 14,03,008	₹ 12,76,000
VX Diesel Style Edition	₹ 15,20,686	₹ 13,84,500

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 ₹ 16,432 but you will have to pay interest of ₹ 4,16,888 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 ₹ 33,036, but your interest payment will be only ₹ 2,25,896 over the 3 years period.

₹ 19,534
Honda BR-V price starts from ₹ 10,54,234 in Kolkata.

We have considered
Down-payement : ₹ 90,834
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 ₹ 3,52,000

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 ₹ 10.54 Lakh, you can get a loan with an annual income as low as ₹ 3.52 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.