Honda Jazz Car Loan EMI Calculator

₹ 16,436.
Here is how - Honda Jazz price starts from ₹ 9,78,939 in Bangalore. If you pay a down payment of ₹ 1,68,339 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,436.

The cheapest Jazz model is V which is priced at ₹ 9,78,939 in Bangalore. You will need to pay at least a ₹ 1,68,339 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.

Version	On-road price in Bangalore	Max Loan
V	₹ 9,78,939	₹ 8,10,600
VX	₹ 10,59,432	₹ 8,79,000
ZX	₹ 11,34,748	₹ 9,43,000
V CVT	₹ 11,14,624	₹ 9,25,900
VX CVT	₹ 11,77,113	₹ 9,79,000
ZX CVT	₹ 12,92,079	₹ 10,41,300

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 V will be ₹ 15,258 but you will have to pay interest of ₹ 4,71,072 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 ₹ 30,676, but your interest payment will be only ₹ 2,93,736 over the 3 years period.

₹ 16,436
Honda Jazz price starts from ₹ 9,78,939 in Bangalore.

We have considered
Down-payement : ₹ 1,68,339
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,27,000

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 starts from ₹ 9.79 Lakh, you can get a loan with an annual income as low as ₹ 3.27 lakh.

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

• 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.