Honda CR-V Car Loan EMI Calculator

₹ 57,321.
Here is how - Honda CR-V price starts from ₹ 35,12,102 in Bangalore. If you pay a down payment of ₹ 6,85,102 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 57,321.

The cheapest CR-V model is 2WD Petrol CVT [2018-2020] which is priced at ₹ 35,12,102 in Bangalore. You will need to pay at least a ₹ 6,85,102 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 CR-V.

Version	On-road price in Bangalore	Max Loan
2WD Petrol CVT [2018-2020]	₹ 35,12,102	₹ 28,27,000
2WD Diesel AT	₹ 38,07,410	₹ 30,67,000
1.6 AWD Diesel AT	₹ 40,65,798	₹ 32,77,000
2WD Petrol CVT	₹ 35,62,934	₹ 28,27,001
Special Edition 2WD Petrol CVT	₹ 37,16,038	₹ 29,49,999

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 CR-V 2WD Petrol CVT [2018-2020] will be ₹ 54,740 but you will have to pay interest of ₹ 17,71,160 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 ₹ 1,10,057, but your interest payment will be only ₹ 11,35,052 over the 3 years period.

₹ 57,321
Honda CR-V price starts from ₹ 35,12,102 in Bangalore.

We have considered
Down-payement : ₹ 6,85,102
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy CR-V with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 11,71,000

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 CR-V starts from ₹ 35.12 Lakh, you can get a loan with an annual income as low as ₹ 11.71 lakh.

Here are the most important things you should consider while getting a car loan for a new CR-V

• 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.