Honda Civic Car Loan EMI Calculator

₹ 36,374.
Here is how - Honda Civic price starts from ₹ 19,81,034 in Kolkata. If you pay a down payment of ₹ 1,87,134 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 36,374.

The cheapest Civic model is V CVT Petrol [2019-2020] which is priced at ₹ 19,81,034 in Kolkata. You will need to pay at least a ₹ 1,87,134 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 Civic.

Version	On-road price in Kolkata	Max Loan
V CVT Petrol [2019-2020]	₹ 19,81,034	₹ 17,93,900
VX Diesel [2019-2020]	₹ 22,64,823	₹ 20,54,900
VX CVT Petrol [2019-2020]	₹ 21,44,942	₹ 19,44,900
ZX CVT Petrol [2019-2020]	₹ 23,40,356	₹ 21,24,900
ZX Diesel [2019-2020]	₹ 24,60,238	₹ 22,34,900
V CVT Petrol	₹ 19,80,898	₹ 17,93,900
VX CVT Petrol	₹ 21,44,806	₹ 19,44,900
ZX CVT Petrol	₹ 23,40,220	₹ 21,24,900
VX MT Diesel	₹ 23,28,548	₹ 20,74,900
ZX MT Diesel	₹ 24,60,102	₹ 22,34,900

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 Civic V CVT Petrol [2019-2020] will be ₹ 30,877 but you will have to pay interest of ₹ 7,99,768 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 ₹ 62,078, but your interest payment will be only ₹ 4,40,908 over the 3 years period.

₹ 36,374
Honda Civic price starts from ₹ 19,81,034 in Kolkata.

We have considered
Down-payement : ₹ 1,87,134
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Civic with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,61,000

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 Civic starts from ₹ 19.81 Lakh, you can get a loan with an annual income as low as ₹ 6.61 lakh.

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

• 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.