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      Honda New City Car Loan EMI Calculator

      Honda New City EMI starts at 23,503 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 2.00 Lakh. Honda New City price starts at ₹ 13.59 Lakh and goes up to ₹ 18.77 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

      Honda New City
      HondaNew City₹ 13.59 - 18.77 Lakh

      Version

      SV Petrol MT

      Right Arrow

      City

      Mumbai

      Right Arrow

      Adjust New City Car Loan Parameters

      On-Road Price

      ₹ 13,59,264

      New City SV Petrol MT EMI

      23,503 for 5 Years

      Down Payment
      Loan Tenure (Months)
      Bank Interest Rate
      %

      Honda New City SV Petrol MT Car Loan EMI

      On-Road Price₹ 13,59,264
      Ex-Showroom Price₹ 1159150
      Max Loan Amount₹ 1159150
      Down Payment as per your Selectiont₹ 2,00,114
      Loan Amount₹ 11,59,150
      EMI Amount 23,503
      Interest Component2,51,030(17.8%)
      Principal Component11,59,150(82.2%)
      Total Payable over 5 Years14,10,180
      Note: This doesn't include bank processing fee.

      Honda New City Loan Repayment Schedule

      This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

      MonthsPrincipal PaidInterest PaidBalance Loan
      12₹ 1,96,408₹ 85,628₹ 9,62,742
      24₹ 2,12,709₹ 69,327₹ 7,50,033
      36₹ 2,30,365₹ 51,671₹ 5,19,668
      48₹ 2,49,486₹ 32,550₹ 2,70,182
      60₹ 2,70,182₹ 11,844₹ 0

      Honda New City EMI

      Honda New City Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 2,00,114

      On-Road Price in MumbaiMin Down PaymentEMI
      SV Petrol MT

      ₹ 13,59,264

      ₹2,00,114₹23,503
      V Petrol MT

      ₹ 14,61,006

      ₹2,13,856₹25,288
      VX Petrol MT

      ₹ 15,90,502

      ₹2,31,352₹27,559
      ZX Petrol MT

      ₹ 17,32,715

      ₹2,50,565₹30,053
      V CVT

      ₹ 16,05,533

      ₹2,33,383₹27,822
      VX CVT

      ₹ 17,35,028

      ₹2,50,878₹30,093
      ZX CVT

      ₹ 18,77,242

      ₹2,70,092₹32,587

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      Explore more about Honda New City

      Honda New City
      Honda New City
      ₹ 13.59 - 18.77 Lakh On-Road Price, Mumbai

      New City EMI FAQs

      ₹ 23,503.
      Here is how - Honda New City price starts from ₹ 13,59,264 in Mumbai. If you pay a down payment of ₹ 2,00,114 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 23,503.
      The cheapest New City model is SV Petrol MT which is priced at ₹ 13,59,264 in Mumbai. You will need to pay at least a ₹ 2,00,114 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 New City.
      VersionOn-road price in MumbaiMax Loan
      SV Petrol MT₹ 13,59,264₹ 11,59,150
      V Petrol MT₹ 14,61,006₹ 12,47,150
      VX Petrol MT₹ 15,90,502₹ 13,59,150
      ZX Petrol MT₹ 17,32,715₹ 14,82,150
      V CVT₹ 16,05,533₹ 13,72,150
      VX CVT₹ 17,35,028₹ 14,84,150
      ZX CVT₹ 18,77,242₹ 16,07,150

      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 New City SV Petrol MT will be ₹ 21,186 but you will have to pay interest of ₹ 6,20,474 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 ₹ 42,594, but your interest payment will be only ₹ 3,74,234 over the 3 years period.