Honda Mobilio Car Loan EMI Calculator

₹ 14,631.
Here is how - Honda Mobilio price starts from ₹ 8,11,043 in Pune. If you pay a down payment of ₹ 89,448 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,631.

The cheapest Mobilio model is E Petrol which is priced at ₹ 8,11,043 in Pune. You will need to pay at least a ₹ 89,448 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 Pune	Max Loan
V Petrol	₹ 10,82,471	₹ 9,55,881
V Diesel	₹ 12,21,343	₹ 10,59,907
E Petrol	₹ 8,11,043	₹ 7,21,595
S Petrol	₹ 9,29,745	₹ 8,27,871
E Diesel	₹ 9,92,676	₹ 8,68,355
S Diesel	₹ 10,77,107	₹ 9,42,592
RS Diesel	₹ 13,74,199	₹ 11,92,932
V (O) Petrol	₹ 11,44,677	₹ 10,11,071
V (O) Diesel	₹ 12,85,234	₹ 11,15,585
RS(O) Diesel	₹ 14,39,002	₹ 12,49,373

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 ₹ 12,641 but you will have to pay interest of ₹ 3,40,249 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 ₹ 25,415, but your interest payment will be only ₹ 1,93,345 over the 3 years period.

₹ 14,631
Honda Mobilio price starts from ₹ 8,11,043 in Pune.

We have considered
Down-payement : ₹ 89,448
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 ₹ 2,71,000

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 ₹ 8.11 Lakh, you can get a loan with an annual income as low as ₹ 2.71 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.