Honda All New City [2020-2023] Car Loan EMI Calculator

₹ 24,278.
Here is how - Honda All New City [2020-2023] price starts from ₹ 14,05,479 in Mumbai. If you pay a down payment of ₹ 2,08,129 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 24,278.

The cheapest All New City [2020-2023] model is V Petrol which is priced at ₹ 14,05,479 in Mumbai. You will need to pay at least a ₹ 2,08,129 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 All New City [2020-2023].

Version	On-road price in Mumbai	Max Loan
V Petrol	₹ 14,05,479	₹ 11,97,350
V Diesel	₹ 16,03,320	₹ 13,27,450
V CVT Petrol	₹ 15,67,607	₹ 13,37,350
VX Petrol	₹ 15,74,555	₹ 13,43,350
ZX Petrol	₹ 16,89,202	₹ 14,42,350
VX CVT Petrol	₹ 17,25,101	₹ 14,73,350
ZX CVT Petrol	₹ 18,39,748	₹ 15,72,350
VX Diesel	₹ 17,65,106	₹ 14,63,450
ZX Diesel	₹ 18,86,956	₹ 15,62,450

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 All New City [2020-2023] V Petrol will be ₹ 21,906 but you will have to pay interest of ₹ 6,42,754 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 ₹ 44,043, but your interest payment will be only ₹ 3,88,198 over the 3 years period.

₹ 24,278
Honda All New City [2020-2023] price starts from ₹ 14,05,479 in Mumbai.

We have considered
Down-payement : ₹ 2,08,129
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy All New City [2020-2023] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,69,000

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 All New City [2020-2023] starts from ₹ 14.05 Lakh, you can get a loan with an annual income as low as ₹ 4.69 lakh.

Here are the most important things you should consider while getting a car loan for a new All New City [2020-2023]

• 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.