Honda City ZX Car Loan EMI Calculator

₹ 14,295.
Here is how - Honda City ZX price starts from ₹ 7,97,914 in Hyderabad. If you pay a down payment of ₹ 92,914 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,295.

The cheapest City ZX model is EXi which is priced at ₹ 7,97,914 in Hyderabad. You will need to pay at least a ₹ 92,914 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 City ZX.

Version	On-road price in Hyderabad	Max Loan
CVT	₹ 9,28,967	₹ 8,19,000
GXi	₹ 8,64,187	₹ 7,64,000
EXi	₹ 7,97,914	₹ 7,05,000
VTEC	₹ 9,17,724	₹ 8,16,000
VTEC Plus	₹ 10,14,335	₹ 8,95,000

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 City ZX EXi will be ₹ 12,436 but you will have to pay interest of ₹ 3,39,624 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 ₹ 25,004, but your interest payment will be only ₹ 1,95,144 over the 3 years period.

₹ 14,295
Honda City ZX price starts from ₹ 7,97,914 in Hyderabad.

We have considered
Down-payement : ₹ 92,914
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy City ZX with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,66,000

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 City ZX starts from ₹ 7.98 Lakh, you can get a loan with an annual income as low as ₹ 2.66 lakh.

Here are the most important things you should consider while getting a car loan for a new City ZX

• 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.