Honda Mobilio Car Loan EMI Calculator

₹ 14,925.
Here is how - Honda Mobilio price starts from ₹ 8,72,288 in Bangalore. If you pay a down payment of ₹ 1,36,229 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,925.

The cheapest Mobilio model is E Petrol which is priced at ₹ 8,72,288 in Bangalore. You will need to pay at least a ₹ 1,36,229 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 Bangalore	Max Loan
V Petrol	₹ 11,68,661	₹ 9,59,984
V Diesel	₹ 13,06,865	₹ 10,73,782
E Petrol	₹ 8,72,288	₹ 7,36,059
S Petrol	₹ 9,94,815	₹ 8,39,849
E Diesel	₹ 10,73,402	₹ 8,81,547
S Diesel	₹ 11,65,419	₹ 9,57,314
RS Diesel	₹ 14,42,289	₹ 11,85,292
V (O) Petrol	₹ 12,31,627	₹ 10,11,831
V (O) Diesel	₹ 13,72,838	₹ 11,28,106
RS(O) Diesel	₹ 15,07,917	₹ 12,39,331

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 ₹ 13,596 but you will have to pay interest of ₹ 4,06,005 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 ₹ 27,334, but your interest payment will be only ₹ 2,47,965 over the 3 years period.

₹ 14,925
Honda Mobilio price starts from ₹ 8,72,288 in Bangalore.

We have considered
Down-payement : ₹ 1,36,229
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 ₹ 2,91,000

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 ₹ 8.72 Lakh, you can get a loan with an annual income as low as ₹ 2.91 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.