Honda Mobilio Car Loan EMI Calculator

₹ 14,662.
Here is how - Honda Mobilio price starts from ₹ 8,13,167 in Navi Mumbai. If you pay a down payment of ₹ 90,069 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,662.

The cheapest Mobilio model is E Petrol which is priced at ₹ 8,13,167 in Navi Mumbai. You will need to pay at least a ₹ 90,069 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 Mobilio.

Version	On-road price in Navi Mumbai	Max Loan
V Petrol	₹ 10,75,463	₹ 9,57,825
V Diesel	₹ 12,24,476	₹ 10,62,045
E Petrol	₹ 8,13,167	₹ 7,23,098
S Petrol	₹ 9,32,138	₹ 8,29,574
E Diesel	₹ 9,95,207	₹ 8,70,134
S Diesel	₹ 10,79,846	₹ 9,44,510
RS Diesel	₹ 13,52,054	₹ 11,73,122
V (O) Petrol	₹ 11,47,612	₹ 10,13,118
V (O) Diesel	₹ 12,88,545	₹ 11,17,828
RS(O) Diesel	₹ 14,15,788	₹ 12,28,612

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 Mobilio E Petrol will be ₹ 12,674 but you will have to pay interest of ₹ 3,41,518 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 ₹ 25,482, but your interest payment will be only ₹ 1,94,254 over the 3 years period.

₹ 14,662
Honda Mobilio price starts from ₹ 8,13,167 in Navi Mumbai.

We have considered
Down-payement : ₹ 90,069
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,72,000

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 Mobilio starts from ₹ 8.13 Lakh, you can get a loan with an annual income as low as ₹ 2.72 lakh.

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

• 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.