Honda CR-V [2007-2009] Car Loan EMI Calculator

₹ 46,744.
Here is how - Honda CR-V [2007-2009] price starts from ₹ 27,27,567 in Hyderabad. If you pay a down payment of ₹ 4,22,226 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 46,744.

The cheapest CR-V [2007-2009] model is 2.0 2WD which is priced at ₹ 27,27,567 in Hyderabad. You will need to pay at least a ₹ 4,22,226 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 CR-V [2007-2009].

Version	On-road price in Hyderabad	Max Loan
2.4 AT	₹ 29,96,350	₹ 25,33,766
2.4 MT	₹ 29,04,635	₹ 24,55,822
2.0 2WD	₹ 27,27,567	₹ 23,05,341

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 CR-V [2007-2009] 2.0 2WD will be ₹ 42,512 but you will have to pay interest of ₹ 12,65,667 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 ₹ 85,472, but your interest payment will be only ₹ 7,71,651 over the 3 years period.

₹ 46,744
Honda CR-V [2007-2009] price starts from ₹ 27,27,567 in Hyderabad.

We have considered
Down-payement : ₹ 4,22,226
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy CR-V [2007-2009] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 9,10,000

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 CR-V [2007-2009] starts from ₹ 27.28 Lakh, you can get a loan with an annual income as low as ₹ 9.10 lakh.

Here are the most important things you should consider while getting a car loan for a new CR-V [2007-2009]

• 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.