Honda Jazz [2009-2011] Car Loan EMI Calculator

₹ 15,029.
Here is how - Honda Jazz [2009-2011] price starts from ₹ 8,61,373 in Secunderabad. If you pay a down payment of ₹ 1,20,173 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,029.

The cheapest Jazz [2009-2011] model is Base Old which is priced at ₹ 8,61,373 in Secunderabad. You will need to pay at least a ₹ 1,20,173 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 Jazz [2009-2011].

Version	On-road price in Secunderabad	Max Loan
Base Old	₹ 8,61,373	₹ 7,41,200
Mode	₹ 9,01,552	₹ 7,76,016
Active	₹ 9,12,701	₹ 7,85,677
Select Edition Old	₹ 8,74,645	₹ 7,52,700
X Old	₹ 9,11,708	₹ 7,84,816

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 Jazz [2009-2011] Base Old will be ₹ 13,426 but you will have to pay interest of ₹ 3,86,584 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 ₹ 26,992, but your interest payment will be only ₹ 2,30,512 over the 3 years period.

₹ 15,029
Honda Jazz [2009-2011] price starts from ₹ 8,61,373 in Secunderabad.

We have considered
Down-payement : ₹ 1,20,173
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Jazz [2009-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,88,000

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 Jazz [2009-2011] starts from ₹ 8.61 Lakh, you can get a loan with an annual income as low as ₹ 2.88 lakh.

Here are the most important things you should consider while getting a car loan for a new Jazz [2009-2011]

• 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.