Honda Civic Car Loan EMI Calculator

₹ 36,374.
Here is how - Honda Civic price starts from ₹ 20,68,155 in Delhi. If you pay a down payment of ₹ 2,74,255 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 ₹ 20,68,155 in Delhi. You will need to pay at least a ₹ 2,74,255 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 Delhi	Max Loan
V CVT Petrol [2019-2020]	₹ 20,68,155	₹ 17,93,900
VX Diesel [2019-2020]	₹ 24,14,625	₹ 20,54,900
VX CVT Petrol [2019-2020]	₹ 22,38,881	₹ 19,44,900
ZX CVT Petrol [2019-2020]	₹ 24,42,396	₹ 21,24,900
ZX Diesel [2019-2020]	₹ 26,22,639	₹ 22,34,900
V CVT Petrol	₹ 20,85,048	₹ 17,93,900
VX CVT Petrol	₹ 22,56,876	₹ 19,44,900
ZX CVT Petrol	₹ 24,61,702	₹ 21,24,900
VX MT Diesel	₹ 24,77,790	₹ 20,74,900
ZX MT Diesel	₹ 26,42,747	₹ 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 ₹ 32,235 but you will have to pay interest of ₹ 9,13,840 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 ₹ 64,808, but your interest payment will be only ₹ 5,39,188 over the 3 years period.

₹ 36,374
Honda Civic price starts from ₹ 20,68,155 in Delhi.

We have considered
Down-payement : ₹ 2,74,255
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 ₹ 6,90,000

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 ₹ 20.68 Lakh, you can get a loan with an annual income as low as ₹ 6.90 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.