‘Ha’ a finance plan and a Honda City right from the showroom to your home! Know Down Payment and EMI

• The easiest way to buy Honda City base variant
• Buy a car with a down payment of Rs 2 lakh
• Monthly EMI only Rs 19273

In the Indian auto market, sedan cars along with SUVs also get a good response from the customers. In India you will find many sedan cars, which are popular as well as provide great riding experience. One such great sedan car is the Honda City.

Honda City is offered as a mid size sedan car. This car is available in several variants. If you want to buy a base variant SV after paying a down payment of 2 lakhs, how much EMI will you have to pay per month? Let us know the detailed information about it.

How much does Honda City SV cost?

Honda City SV is priced at Rs 11.95 lakh ex-showroom. If you buy this car, you will have to pay approximately Rs 1.29 lakh for RTO and approximately Rs 43000 for insurance. Additionally, you will have to pay a TCS fee of Rs 11,953. This will bring the on-road price of the Honda City SV to approximately Rs 13.85 lakh.

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How much EMI to pay after a down payment of Rs 2 lakh?

If you are buying this car in the base variant SV, the bank will provide the loan on the ex-showroom price only. In such a situation, after making a down payment of Rs 2 lakh, the remaining amount of around Rs 11.85 lakh will have to be taken as a loan from the bank. If the bank approves this loan for 7 years at an interest rate of 9 percent, you will have to pay an EMI of around Rs 19,273 per month for the next 7 years.

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How much will the car cost if you take a loan?

If you take a car loan of Rs 11.85 lakh for 7 years at an interest rate of 9 percent, you will pay an EMI of Rs 19,273 per month in a total of seven years. During this period you will have to pay around Rs 4.33 lakh only as interest. So taking the ex-showroom price, on-road costs and interest together, the total price of Honda City SV will be approximately Rs 18.18 lakh.