Honda Civic [2006-2010] Car Loan EMI Calculator

₹ 21,524.
Here is how - Honda Civic [2006-2010] price starts from ₹ 11,86,445 in Navi Mumbai. If you pay a down payment of ₹ 1,24,896 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,524.

The cheapest Civic [2006-2010] model is 1.8E MT which is priced at ₹ 11,86,445 in Navi Mumbai. You will need to pay at least a ₹ 1,24,896 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 Civic [2006-2010].

Version	On-road price in Navi Mumbai	Max Loan
1.8S AT	₹ 12,85,139	₹ 11,57,000
1.8S MT	₹ 14,43,422	₹ 12,61,400
1.8V MT	₹ 15,61,642	₹ 13,65,500
1.8V AT	₹ 16,50,109	₹ 14,43,400
1.8E MT	₹ 11,86,445	₹ 10,61,549
Hybrid	₹ 24,99,336	₹ 21,20,004
Sport	₹ 14,25,043	₹ 12,80,924

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 Civic [2006-2010] 1.8E MT will be ₹ 18,492 but you will have to pay interest of ₹ 4,91,779 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 ₹ 37,179, but your interest payment will be only ₹ 2,76,895 over the 3 years period.

₹ 21,524
Honda Civic [2006-2010] price starts from ₹ 11,86,445 in Navi Mumbai.

We have considered
Down-payement : ₹ 1,24,896
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Civic [2006-2010] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,96,000

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 Civic [2006-2010] starts from ₹ 11.86 Lakh, you can get a loan with an annual income as low as ₹ 3.96 lakh.

Here are the most important things you should consider while getting a car loan for a new Civic [2006-2010]

• 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.