Honda Mobilio Car Loan EMI Calculator

₹ 14,790.
Here is how - Honda Mobilio price starts from ₹ 8,20,517 in Mumbai. If you pay a down payment of ₹ 91,121 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,790.

The cheapest Mobilio model is E Petrol which is priced at ₹ 8,20,517 in Mumbai. You will need to pay at least a ₹ 91,121 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 Mumbai	Max Loan
V Petrol	₹ 10,95,298	₹ 9,66,287
V Diesel	₹ 12,35,893	₹ 10,71,468
E Petrol	₹ 8,20,517	₹ 7,29,396
S Petrol	₹ 9,40,660	₹ 8,36,854
E Diesel	₹ 10,04,348	₹ 8,77,789
S Diesel	₹ 10,99,567	₹ 9,52,850
RS Diesel	₹ 13,64,729	₹ 11,83,569
V (O) Petrol	₹ 11,58,295	₹ 10,22,091
V (O) Diesel	₹ 13,00,595	₹ 11,27,766
RS(O) Diesel	₹ 14,29,091	₹ 12,39,571

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 ₹ 12,789 but you will have to pay interest of ₹ 3,44,880 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 ₹ 25,712, but your interest payment will be only ₹ 1,96,236 over the 3 years period.

₹ 14,790
Honda Mobilio price starts from ₹ 8,20,517 in Mumbai.

We have considered
Down-payement : ₹ 91,121
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 ₹ 2,74,000

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 ₹ 8.21 Lakh, you can get a loan with an annual income as low as ₹ 2.74 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.